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

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