The Bonus Advance is a short-term credit facility designed for active FOSA account holders who channel their tea proceeds through the SACCO. It allows members to access part of their expected tea bonus in advance, providing quick financial relief and flexibility before the official bonus payment is received.

This facility ensures that members can meet their short-term financial needs conveniently and repay easily once their tea bonus is credited. It’s a fast, simple, and reliable solution for members who rely on agricultural proceeds.

Features Include:

❖ Available limit is 50% of net pay
❖ One must have an active 3 months salaries/proceeds in FOSA
❖ Repayment period is two months
❖ Available immediately upon application
❖ Competitive Interest rate
❖ One must attach national ID
❖ To have one guarantor