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Our Loans Services

Members can access the following loan services with Azima Sacco.

Some of the Loan Services include:

1. FOSA

    • Azima loan
      One must be drawing salary through Fosa and it takes 1 month to repay.
    • Pineapple loan.
      One must be drawing salary through Fosa and it takes a maximum of 24 months to repay.
    • Salary advance.
      One must be drawing salary through Fosa and it takes a maximum of 6 months to repay.
    • Super loan.
      One must be drawing salary through Fosa and it takes a maximum of 36 months to repay.
    • Okoa Mwezi.
      One must be drawing salary through Fosa and it takes a maximum of 1 month to repay.

2. BOSA

  • Normal loan
    One must have cleared all the outstanding loan balances to be eligible for qualification. It takes a   maximum period of 54 months to repay.
  • Jijenge loan
    One must have cleared all the outstanding loan balances to be eligible for qualification. It takes a maximum period of 60 months to repay.
  • Emergency loan
    One can be granted an emergency loan when having an outstanding balance of the same. It takes a maximum period of 12 months to repay.
  • Special emergency (additional) loan
    One shall be granted this type of loan even if he/she is having an outstanding loan. It takes a maximum repayment period of 12 months.
  • Masomo loan
    School fees loans are granted even when having an outstanding loan balance. Cheque are drawn in the institution’s name applicable. Members with school fees loan balance’s may be re-financed to qualify for new Masomo loan at an interest rate of 10% on the outstanding balance.

The Society Loans are administered as follows:-

Type of Loan Factor of shares Repayment Period
Jijenge loan X3 66 Months
Normal/development Loan X3 60 Months
Normal/development Loan (class B) X3 36 Months
Emergency Loan X3 12 Months
Masomo loan X3 12 Months
Special emergency Loan X3 24 Months
Super Loan 36 Months
Pineapple Loan 24 Months
Okoa Mwezi 1 Month
Salary Advance 6 Months