FOSA Products and Services |
Microfinance Products The Society in its endeavor to remain relevant to its members needs has introduced Microfinance products and services available at the FOSA department. These highly affordable products will enable your groups and individual members to build themselves financially. For more information please contact the FOSA department. Salary Advance
Salary Account
Salary Advance Purpose To support all salaried customers meet unexpected basic needs Benefits * Available to all account holders receiving a regular income * Low interest rate charged on amount taken * Processed the same day Holiday Account Purpose Offers a convenient plan to build up and accumulate savings for holidays or giving your family as treat. Benefits Competitive interest rates (Between 2% to 5% depending on the market rate) Joint Account and SHG Purpose Enable people to save together or as groups Benefits * Low operating balance * Competitive charges * Attractive interest rates * Easy access to funds through co-op ATM's (coming soon) * No charge on cash deposits Childrens' Account Purpose Provides an opportunity for parents to save for their children and also train them on the importance of saving. Benefits * Low minimum operating balance * Competitive charges * Attractive interest rates * Easy access of funds through co-op ATM's (coming soon) * Account is operated by the parent or gurdian untill the child is 18 School Fees Acccount Purpose Offers an avenue for parents to save towards their children's school fees Benefits * Low minimum operating balance * Competitive charges * Attractive interest rates * Easy access of funds through co-op ATM's (coming soon) * No charge on cash deposit Salary Account Purpose This account is suitable for procfessing salaries as well as for savings. Benefits * Low minimum operating balance * Competitive charges * Attractive interest rates * Easy access to funds through co-op ATM's * Access to salary advance * Access to loans Savings Accounts Purpose This account is a convenient plan for accumulating personal deposits. It can be opened by individuals or for busimnesses. Benefits * Low minimum operating balance * Competitive charges * Attractive interest rates * Easy access to funds through co-op ATM's * No charge on cash deposits |