- Active membership for a minimum of 3 Months
- Members who transfer their deposits from other Sacco's will be deemed as a continuing member
- All BOSA loans should total to three times of members deposits except vision loan.
- Duly filled loan form.
- Two Current pay slips.
- Good Credit history
- All deductions not exceeding 2/3 of gross salary
- Active accounts for all loans
- Valid Business License
- Active Fosa Account
- Collateral as security also accepted as loan security
- Properly filled form with loan codes as found in (https://www.chai-sacco.co.ke/index.php/downloads/sacco-forms?download=120:loan-classification-codes)
