The Advances facility provides short-term financial support to active FOSA account holders who channel their salaries or business proceeds through the SACCO. It offers members quick access to funds to meet urgent personal or business needs before their next income is received.

This facility ensures flexibility and convenience, allowing members to handle short-term expenses without financial strain. With fast processing and simple requirements, the Advances option is one of the most accessible credit facilities offered through FOSA.

Features Include:

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