Our Products & Services

Personal Savings Account

Default savings account for new members joining the Sacco

Requirements/Benefits

• No Opening Balance
• No Minimum Operating Balance
• Cheque Deposits
• No Ledger Fees
• Access Loans
• Dividends From shares
• Mobile Banking
• SMS Alerts

Sacco B Account

Designed to cushion small savers with lower withdrawal charges

Requirements/Benefits

• No Opening Balance
• No Minimum Operating Balance
• Cheque Deposits
• No Ledger Fees
• Access Loans
• Dividends From shares
• Mobile Banking
• SMS Alerts

Fixed Deposits Receipts

Designed to encourage savings while earning interests

Requirements/Benefits

• Must be a member of the Sacco (Minimum Share Capital Balance of KES 5,000)
• Fixed Deposits earn interest at the rate of 13% per annum
• Can be revoked at any time
• Revokings does not earn any interest at all
• Fixing can be done at any time of the office working hours

School Fees Loans

Requirements:

• Must have be a member for at least 9 months
• 3 consecutive incomes
• 3 active guarantors
• Repayable within 12 months

One Month Advance

Requirements:

• Must have be a member for at least 3 months
• 3 consecutive incomes
• 3 active guarantors
• Repayable within 1 month

Two Months Advance

Requirements:

• Must have be a member for at least 3 months
• 3 consecutive incomes
• 3 active guarantors
• Repayable within 2 months

Three Months Advance

Requirements:

• Must have be a member for at least 3 months
• 3 consecutive incomes
• 3 active guarantors
• Repayable within 3 months

Non-Withdrawable Deposits

Prerequisites:

• Deducted from members income monthly at the rate of 5% per income up to a maximum of KES 400 per month
• Earn interest annually approvable by the delegates during ADM
• Cannot be withdrawn unless the member is exiting the Sacco

Members’ Welfare

Prerequisites:

• Deducted from members income monthly at the rate of 2% per income up to a maximum of KES 70 per month
• Covers funeral expenses for members
• Covers funeral expenses for parents above 70yrs
• Covers funeral expenses for children below 18 years