Bidii Loan
Features
- The loan is repayable within 24months
- Interest is on reducing balance basis
- The loan must be fully guaranteed and is pegged on one’s ability to pay.
- Mainly available for FOSA salary account holders
- The salary must be channeled through FOSA for at least three months
- Member should not have a running Jijenge or Super loan
- The Savings earn a yearly interest rate of 4% per anum
- Waiting period within 48 hours subject to availability of funds
- Member must have contributed shares for a period of six months
- Member must retain 25% after all deductions at Fosa
