Our Products

F.O.S.A (Front Office Services & Activities)

F.O.S.A (Front Office Services & Activities)

FOSA is an abbreviation for Front Office Services Activities. This is a service that promotes one of our priorities of bringing services closer to members. Among products offered are:-

1 ASSET FINANCE

1.1 Land

Features:

This product is purely meant for land purchase or construction.

  1. Saving for 3 months
  2. Loan interest 1% PA fixed
  3. Multiplier of 5 times
  4. Title deed required as the collateral
  5. Repayment period up to 5 years

1.2 Motor Vehicle

Features:

This product is meant for motor vehicle purchase

  1. Savings 3 months
  2. Loan interest 1%p.a fixed
  3. Deposit 30%then finance 70%
  4. Repayment up to period 5 years
  5. Log book required (asset acquired)
  6. Comprehensive insurance cover required
  7. Car track required

 

1.3 House Hold

  1. 3 months deposit
  2. Must be a member
  3. Above 18 years
  4. 1%procssing fee
  5. Deposit of 30% asset value
  6. Interest   1.5% per month
  7. At least Repayment period 1 yr.
  8. Household assets acquired-security

 

2. BUSINESS LOAN

Features:

  1. Savings 3 months
  2. Loan interest 1%p.a fixed
  3. Multiplier of 3 times
  4. Repayment period 36 months
  5. Collateral required e.g. Log book or title deed

 

3. MOTOR CYCLE (BODA BODA)

Features:

  1. Interest rate 1% per month fixed
  2. Deposit 30%then finance 70%
  3. Maximum repayment period 12 months
  4. Loan security –asset acquired
  5. Comprehensive insurance cover for motor bike
  6. Motor bike tracking device

4. SCHOOL FEES

Features:

  1. Savings 3 months
  2. Loan interest 0.8%p.a
  3. Multiplier of 3-4 times
  4. Repayment period 12 months
  5. Submission of fee structure
  6. Bankers’ cheque in the name of institution.

 

5. CHURCH LOAN

Features:

  1. Active savings 3 months
  2. Multiplier of 3 times
  3. Collateral required
  4. P.C.C. Minutes signed by the executive board required
  5. Consent letter  from priest /vicar required
  6. Repayment period up to 36 months

 

6. KILIMO LOAN

Features:

  1. Interest charged is 1% is 1% fixed
  2. Repayment period is 6 months
  3. Funding is up to 5 times
  4. Insurance on the product
  5. Ample source of water required for horticulture farming

 

7. SAVINGS ACCOUNT

Features:

  1. Mandatory monthly savings for all members
  2. Minimum monthly savings 1,000/=
  3. Shares earn interest at the end of the year
  4. Minimum ownership shares of 10000/-which earn dividend at the end of year

All Loans below Ksh 300,000.00 are paid though FOSA

Ukristo na Ufanisi wa Angilicana Sacco

Contact Us

Riruta Head Office
ACK Emmanuel Church Riruta
Opposite Kawangware Primary School
Tel: 0720 339673
E-Mail:info@ukristonaufanisicoop.com
ukristonaufanisi@yahoo.com

Following the recent Government directive on Covid-19 we have adjusted our business operating hours as follows: Monday-Friday 8.30 AM to 4.30 PM and on Saturday 8.30 AM to 12.00 Noon