Call Deposit Advance LoanThe facility will be available to FOSA account holders who have call deposits with the SACCO. A customer will be allowed to access up to 80% of their deposits as an advance.
The loan will be charged interest per month.
The advance will be harmonized to the maturity of the deposits such that the full repayment will be achieved by the time of deposit maturity.
The advance will be guaranteed by the deposits held by the SACCO