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: firstname.lastname@example.org.
Q.2. WHAT ARE THE MEMBER BENEFITS?
- Loans: members can access low interest loans of various types as mentioned above.
- Members earn interest on their savings and investments at competitive rate as mentioned above
- Short loan processing time 3-5 days
- 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.