Your Journey Starts Here!
FOMAS helps you grow your money and access affordable loans through our Empowerment Scheme.
Savings
Cooperative Savings
Save daily, weekly and monthly to enjoy access to loans.
Targeted Savings
Set a goal and save towards it with competitive interest.
Credit
Cooperative Loans
Low interest loans for registered and active members.
Credit Purchase Loans
Flexible repayment plans for buying vehicles electronics and properties. Only for registered and active members.
Frequently Asked Questions
You will need a minimum deposit of 35% of the Asset Purchase Cost.
We don't have a minimum household income, however, the asset you intend to acquire should not exceed 40% of your annual income.
A. How much money you have for your initial deposit
B. Your annual and household income
C. Your credit report
D. If you've been declared bankrupt or defaulted payment