FREQUENTLY ASKED QUESTIONS

 

 

Q.1. HOW DOES ONE JOIN FIC SACCO?

Contact FIC management for membership forms, fill forms and return them with minimum A/C opening requirements mentioned above. You could request for forms on mail at: franciscaninvestment@gmail.com.

 

Q.2. WHAT ARE THE MEMBER BENEFITS?

  1. Loans: members can access low interest loans of various types as mentioned above.
  2. Members earn interest on their savings and investments at competitive rate as mentioned above
  3. Short loan processing time 3-5 days
  4. Business development skills and investment opportunities are availed to membersthrough training, member education, and networking and Investment forums.

 

Q.3. WHAT DO I NEED TO GET A LOAN?
You must be a Registered Member. You must have security in form of shares and savings ,fill in a copy of loan application and Loan application fees then a business plan may be required in-case you are taking the loan for a business investment.

 

Q.4. WHEN DID YOU START THE FIC SACCO?

The Society was launched on 4th October 2010 – under the names: Franciscan Investment Group (FIG).

 

Q.5. ARE THERE TOP UP LOANS?
A member can be allowed for a top up loan or to re- apply for a fresh loan only when he/she has serviced a given percentage of the previous loan amount.