The Special Advance is a short-term facility designed for members who channel their salaries or business proceeds through their FOSA accounts. It provides quick financial assistance for members who may need extra funds and prefer to repay over a period of more than one month.

This advance offers flexibility and convenience, making it ideal for meeting short-term financial needs such as emergencies, household expenses, or temporary cash flow gaps. It ensures members can access funds promptly and repay comfortably within a short timeframe.

Features Include:

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