Magereza Sacco Society Ltd.

FOSA provides banking services for members. It has its own savings account and credit products. FOSA Business Hours: Monday - Friday (9:00am to 4:00pm). Weekend 1st & last Saturday of the month (9:00am - 12:00pm).

ORDINARY SAVINGS A/C

  • Minimum balance is Ksh.500/-
  • Interest rate is earned on minimum balance of Ksh.3,000/-
  • Members can access their accounts through ATM VISA cards countrywide and and Msacco
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fixed deposit A/C

  • Minimum amount is Ksh.10,000/- at a very competitive interest rate
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SALARY ADVANCE

  • Available to members whose salaries are processed through FOSA A/C
  • Maximum repayment period is 3 months
  • Member's salary acts as the security
  • Interest rate is 10%
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Bankers cheques

  • Processed reasonable fast for Ksh.150/- as you wait
  • Charges are reduced when there are special offers from Co-operative Bank
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Jijenge LOAN

  • Salary must pass through FOSA A/C
  • Deduction is through check-off system
  • Maximum loan amount is Ksh.500,000
  • Maximum repayment period is 36 months
  • Interest rate is 1.15% 
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School Fees Loan

  • Maximum loan amount is Ksh.100,000
  • Maximum  repayment period is 24 months
  • Processed through FOSA A/C
  • Loan is recovered over the counter - once salary checks-in
  • Interest rate is 1.15% on reducing balance
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RE-FINANCING LOAN

  • Processed at Magfosa
  • Available to members who wish to clear existing loans to apply for fresh loans
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BOSA Loan Advance

  • An advance taken on a loan that is in process
  • Commission and recovery is made once loan is approved
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M-SACCO

  • The M-Sacco platform enables our members to transact through their mobile phones at their convenience
  • Members can make deposits or boost their shares
  • By dialing *346# members get the various M-Banking services
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Other services

  • M-PESA services
  • Monthly salary / Pension processing    
  • Standing orders
  • Boosting of shares
  • Off-setting external loans
Download Forms

FOSA Branches




Connect with us

We’d love you to connect with us on our social media pages. For frequent updates about the Sacco, upcoming events, engagements and opportunites, be sure to follow and like us on all of our platforms below.





Address

Address :

Mageso Chambers, Moi Avenue, Nairobi.

P.O Box 53131 - 00200

Phone :

(20) 2244138

Mobile:

0716 315 155

0718 224 956