Board Of Directors

The highest decision-making body is the ADC (Annual Delegates Conference), which elects 9 officials amongst the delegates to sit as the Board of Directors and 3 Members of the Supervisory Board.

Board Directors

Supervisory Committee

Who We Are

AFYA SACCO is a member-driven financial cooperative dedicated to empowering Kenya’s health community through reliable savings, affordable credit, and sustainable financial solutions.

BOSA

Supports long-term savings and access to affordable loans for personal, business, and investment growth.

FOSA

Provides convenient day-to-day banking services including savings, withdrawals, payments, and salary processing.

Diaspora Account

Features

  • Allows members living abroad to maintain an active Sacco savings account.
  • Enables secure remittance of funds into the Sacco for savings or investment.
  • Access to Sacco products and services remotely.
  • Supports savings towards loans, investments, or family support in Kenya.
  • Easy account monitoring through digital and mobile banking channels.

More Ways To Save With FOSA

Group Account
Student's Account

Student's Account

Features

  • Encourages students to develop early financial discipline.
  • No or minimal account maintenance charges.
  • Easy deposits and withdrawals.
  • Ideal for managing pocket money, allowances, and school-related expenses.
  • Access to additional Sacco services once the account holder qualifies as a member.

More Ways To Save With FOSA

Group Account
Diaspora Account

Group Account

Features

  • Designed for registered or informal groups 
  • Allows multiple authorized signatories to operate the account
  • Facilitates group savings, contributions, and financial planning.
  • Enables groups to build savings that can be used to access credit facilities.
  • Convenient deposits and withdrawals 

 

More Ways To Save With FOSA

Salary Account
Joint Account

Non-Withdrawable Deposits

These accumulated savings serve as essential collateral for credit facilities and earn competitive annual interest (rebates) for the duration of the membership. Funds are refundable only upon formal withdrawal from the Sacco, contingent on the full settlement of all outstanding liabilities and guarantee obligations

BOSA Savings Options

Share Capital

Share Capital

Representing a member’s permanent ownership stake, these non-withdrawable units are transferable instruments that earn annual dividends based on institutional profitability. Members must maintain a minimum threshold of KES 20,000, which can be achieved through lump-sum payments or structured periodic contributions.

BOSA Savings Options

Non-Withdrawable Deposits

Afya Senior Citizens Loan

This specialized product supports retirees whose pensions are processed through FOSA, offering credit within their existing deposit limits for medical or development needs. It features a preferential low interest rate of 0.5% on a reducing balance with a 36-month repayment cycle.

Flexible BOSA Financing Options

Sharia Compliant Loan
Afya Personal Loan

Afya Senior Citizens Loan

Features

  • Granted within members’ deposit
  • Repayment period up to 36 months
  • For three times members’ deposit, one should provide guarantors or collateral
  • Member’s pension must pass through FOSA
  • Interest is 0.5% on reducing balance
  • One can only have one loan at a time

Flexible BOSA Financing Options

Sharia Compliant Loan
Afya Mwaliko Loan

Afya Personal Loan

A long-term financing solution for business expansion or development, providing up to four times member deposits with a tenure of up to 84 months. It features a 15% amortized interest rate and accepts diverse collateral, including logbooks and title deeds.

Flexible BOSA Financing Options

Afya Kubamba Loan
Afya Senior citizens Loan

Afya Mwaliko Loan

Features

  • For new members contributing through check-off.
  • Maximum loan is Kshs. 300,000/= and 10% retained as deposits
  • Maximum repayment period is 12 months
  • Interest rate is 1% per month on reducing balance
  • Salary must be processed through FOSA

Flexible BOSA Financing Options

Afya Senior Citizen
Sharia Compliant Loan

Sharia Compliant Loan

Features

  • Available to Muslim members
  • Two times members’ deposits
  • Repayment period is 36 months
  • No interest is charged on the loan
  • Processing fee of 10% on the applied amount charged

Flexible BOSA Financing Options

Afya Senior Citizen Loan
Afya Mwaliko Loan

Afya Kubamba Loan

This product targets medium-term projects and educational funding for consistent contributors of at least six months, offering up to three times their savings. It is fully secured by guarantors and deposits, with a 48-month repayment period at 1.17% monthly interest on a reducing balance.

Flexible BOSA Financing Options

Afya Super Loan
Afya Mwaliko Loan

Capital Loan

Features

  • Maximum repayment period is 36 months
  • Three times member’s deposits
  • Interest rate 1% on reducing balance

Flexible BOSA Financing Options

Emergency Loan
Afya Super Loan

Afya Super Loan

Features

  • Maximum repayment period up to 48 months
  • Four times member deposit.
  • Interest rate 1.17% on reducing balance

Flexible BOSA Financing Options

Emergency Loan
Capital Loan

Emergency Loan

Features

  • Granted at maximum 3 times member’s deposit
  • Maximum amount is subject to ability to pay
  • Maximum repayment period 12 is months
  • Interest rate 1% on reducing balance

Flexible BOSA Financing Options

Afya Super Loan
Capital Loan