The Procedures and Features of the products

• The applicant must have been a member for the last six months and a member to a dairy cooperative society.
• Expected income from sale of milk must be channeled through FOSA
• The Loan amount is 3 times the deposits.
• The interest rate will be at 14% per annum on a reducing balance.
• Maximum loan amount will be Kshs. 150,000.
• The repayment period will be 12 months.
• At least 4 guarantors who must be Sacco members
• All applications must be supported by a proposal on how the funds will be utilized
• Payment of milk throughout the entire loan repayment period must not be changed
• Direct payments to the suppliers (source of breed) is encouraged
• Cows bought will have to be  insured and will form part of the collateral for the loan