This is a facility for retirees and it has the following features:

• Available to retiree members only
• The member must be a FOSA Account holder.
• The member MUST channel their monthly pension through FOSA/ Member provide evidence of ability to pay.
• A copy of the retirement letter and an official form electing the Jamii SACCO FOSA as the pension pay-point should be attached.
• Maximum repayment period is 36 months.
• Ability is computed based on 1/3 rule on member’s net pension.
• Loans must be fully guaranteed by Deposits or Golden savings account.
• For self guaranteed loans the loan will be issued 80% of free deposits.