Salary advance is a credit facility available to SACCO members whose salary passes through the FOSA and it is given on demand. It is paid through the salary by recovering from the FOSA account when the salary is processed. It can also be paid through cash if the customer wishes or if the salary fails. The maximum is Kshs 30,000
1. One must be a member of the SACCO.
2. Salary must be passing through the FOSA.
3. At least 2 Guarantors
4. Offsetting is always allowed as long as the member qualifies.
Security for salary advance.
Click to download Salary Advance loan form