Salary Loans

  1. Issued to a client whose salary has been channeled through the F.O.S.A
  2. Rate of repayment is 12% on reducing balance
  3. Flexible repayment period.
  4. Loanee must attach a commitment letter and a letter of confirmation from the employer
  5. Should be guaranteed by at least two people whose salary is channeled through the Sacco
  6. The products must be in line with the two third rules

Sacco Updates

  1. Offered to existing and active account holders
  2. Rate of repayment is 2.5% per month
  3. Repayment within 12 months
  4. Must be secured and the collateral fully charged to Ammar Sacco.

Success Factors
  1. Concentration on a limited range of highly standardized credit products to reduce operating costs and streamline lending procedures
  2. Online compilation of key financial data and other risk relevant information concerning a client rather than relying on fragmentary out dated or inaccurate official data
  3. Compensation for the lack of conventional collateral through rigorous loan analysis and strong dynamic repayment incentives
  4. Joint decision making in credit committees which convene on a regular basis to keep processing times to a minimum
  5. A transparent and highly performance oriented staff remuneration and promotion system

Other services and benefits:
  1. Sale of in house Check books
  2. Sale of Bankers Check
  3. ATM Services
  4. Mobile Banking
  5. Free Financial Advisory Services
  6. No appointment to see Manager-Open Door Policy

Business Strategies