Empowering Members Through
Affordable Credit
At Loita Traders Sacco, our BOSA loans are designed to help you achieve your financial goals from emergencies and school fees to business development.
What Are BOSA Loans?
At Loita Traders Sacco, we believe in rewarding your commitment to saving.
Our BOSA (Back Office Savings Activities) loans are available exclusively to registered members, giving you access to affordable credit built around your savings history.
Enjoy the freedom to borrow up to five times your savings, with flexible repayment options that help you grow your business, family, and future together with Loita.
Membership Required for Access
Loan Products
Choose a loan that matches your goals, whether for development, education, emergencies, or business growth.
Eligibility: Available to registered members.
Amount: Up to 5× a member’s deposits.
Interest: 1% per month on reducing balance.
Repayment Period: Up to 84 months (7 years).
Purpose: For general development or personal projects.
Eligibility: Members already servicing a Normal Loan (no waiting period).
Amount: Up to 5× a member’s deposits.
Interest: 1.10% per month on reducing balance.
Repayment Period: Up to 96 months (8 years).
Eligibility: Open to all members with ability to repay.
Amount: Up to 5× a member’s deposits.
Interest: 1% per month on reducing balance.
Repayment Period: Up to 12 months (1 year).
Documentation: No documentary evidence required.
Eligibility: Established members with strong savings record.
Amount: Up to 6× a member’s deposits.
Interest: 1.2% per month on reducing balance.
Repayment Period: Up to 108 months (9 years).
Eligibility: Available to members with existing emergency loans.
Amount: Up to 5× a member’s deposits.
Interest: 1% per month on reducing balance.
Repayment Period: Up to 18 months.
Documentation: No documentary evidence required.
Purpose: Bridge financing within member’s savings multiplier.
Amount: Up to 5× deposits.
Interest: 1% per month on reducing balance.
Repayment Period: Up to 48 months (4 years).
Special Clause: If a member clears emergency loans early, 5% interest on early redemption applies.
Target: New members on check-off system who haven’t completed the 4-month waiting period.
Eligibility: Qualify after first contribution is received.
Amount: Up to KES 300,000 (maximum), or 5× deposits.
Interest: 1% per month on reducing balance.
Repayment Period: Up to 24 months or within the contract term.
Purpose: For purchase of laptops, mobile phones, or tablets from any dealer.
Amount: Up to 50% of deposits or KES 150,000, whichever is lower.
Interest: 0.8% per month on reducing balance.
Repayment Period: Up to 12 months.
Process:
Member selects a device from a dealer and obtains a proforma invoice.
Member attaches invoice to SACCO loan application form.
SACCO processes payment directly to the dealer.
Member collects the device upon dealer confirmation.
Requirements:
Filled loan application form
Original pay slip (not older than 2 months)
Copy of National ID (both sides)
Guarantors or collateral
Purpose: Advance payment of dividends/interest on deposits.
Timing: Between July and 1 week before the AGM.
Limit: Up to 50% of dividends/interest earned as of 30th June (previous financial year).
Interest: 10% upfront.
Approval: Subject to Board of Directors’ approval.
- Purpose: To provide long-term financing for the purchase, construction, or improvement of residential property.
- Repayment Structure: Monthly installments spread over an extended period, depending on the Loita Trader Sacco’s terms.
- Features: Supports homeownership through structured, affordable repayment plans.
Who Qualifies for a BOSA Loan?
Eligibility
- Must be a registered member of Loita Traders SACCO
- Must have consistent savings for at least 6 months
- Must have no outstanding or defaulted loan
- Must demonstrate ability to repay as per SACCO policy
Required Documents
- Filled Loan Application Form
- Copy of National ID
- Latest payslip or proof of income / business records
- Guarantor details (where applicable)
- Any other relevant supporting documents
How to Apply for a BOSA Loan
Register as a Member
Visit our Membership Page and complete your registration to qualify for loan access.
Start Saving
After registration, begin saving regularly to build your eligibility for a loan. Your savings history helps determine your loan qualification.
Fill in the Loan Application Form
Complete the online form below and attach all required documents.
Upload Your Digital Signature & Files
Sign digitally within the form or upload your scanned signature and documents (ID, payslip, etc.).
Submit for Review & Approval
Our credit officers will review your application and contact you for the next steps.
Your Growth, Our Mission.
Partner with Loita Traders Sacco and unlock the financial freedom you deserve. Our BOSA loan products are designed to support your ambitions whether you’re growing your business, investing in your home, or securing your family’s future.
At Loita, we believe in empowering our members through affordable credit, fair terms, and genuine partnership. Every loan is more than financing it’s a step toward your personal and community growth.
Let’s walk this journey together and turn your goals into lasting success.
Join Us Today
Together, we build the foundation for your financial growth and community empowerment.
Register