Milk Advance
This is a short-term advance for dairy farming members who channel their milk proceeds through the FOSA to purchase animal feeds or any other short-term needs
Requirements
- At least one-month milk proceeds
- Maximum 1/2 last milk proceeds
- Repayment period – 1 month
- Interest rate - 10%
Features
- One month's salary
- The maximum amount shall not exceed 1/31/3 of net salary proceeds
- Repayment period - 1 month
- Interest rate - 10%
- (However, the above opening amounts are subject to change from time to time)
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