This is the back office section of the society. The BOSA offices are opened from (8.00 am to 4.00 pm. Weekdays) and (8.15 am to 12.00 Noon on Saturdays). BOSA has the following Departments and sub-sections:

  • Accounts Department 

 Sub-Sections

  • Data
  • Reconciliation
  • Loans
  • ICT Department
  • Internal Audit Department

The Back office offers a variety of products and services to our members which include:

  • Normal loans
  • Emergency Loans
  • Karibu Loans
  • Normal Loan Advances
  • Emergency loan advances

NORMAL LOAN (DEVELOPMENT LOAN)

  • Granted based on paying power and four times your shares
  • Maximum repayment period will be 60 months
  • Mode of payment is check off.
  • The loan will be processed within a period of three weeks
  • Security for the loan will be salary, shares and guarantor’s shares and salary.
  • Granted based on paying power and four times your shares
  • Maximum repayment period will be 12 months
  • Mode of payment is check off.
  • The loan will be processed Instantly
  • Security for the loan will be salary, shares and guarantor’s shares and salary.
  • Maximum amount qualified will be based on available amount x 4 your deposits
  • Maximum repayment period will be 60 months
  • Mode of payment is check off.
  • The loan will be processed instantly
  • Principle loan repayment to be done together with the interest repayment (special)
  • Security for the loan will be salary, shares and guarantor’s shares and salary.
  • Super 72 shall be granted as long-term loan for Sacco active members
  • Maximum Repayment period is 72 Months
  • Loan processing period is 3 weeks after registration
  • Maximum amount qualified will be based on available amount x 4 your deposits.
  • Security for the loan will be salary, shares and guarantor’s shares and salary.

Borrow up to 3 times your savings

Biashara Account

200Kshs/ Minimum Operating Balance

Features

  • Open to all members
  • Unlimited withdrawals
  • Minimum operating balance of Kshs 200/-
  • Interest earning threshold KShs 5000 (interest to be decided by board)
  • Linked to mobile banking services
  • Withdrawal commission over the counter KShs 50/
  • mobile withdrawal KShs 20/
  • Free balance inquiry
  • Free M-Pesa Deposits

for children under 18 years

1000Kshs / Minimum Operating Balance

Features

  • Account for children who are 18 years and below
  • No opening amount
  • Best interest rates
  • Free balance inquiry
  • Free withdrawal
  • Minimum operating balance of Kshs 1000/
  • Two withdrawals per year
  • Mobile banking services
  • Interest earning threshold Kshs 10,000
  • Invitations to Giraffe junior parties and events by December every year for accounts with over KShs 2,000/