This is a mandatory savings scheme. The nominal value of each share shall be Kes. 100/=.

The minimum share capital expected by 31st December 2025 is Kes 50,000/=. This amount is not withdrawable but can be transferred to another member upon cessation of membership. 

New members will be allowed to gradually build their share capital of Kes 50,000 within 3 years. The cumulated minimum amount expected per new member per year will be:

• Year 1 - Kes. 17,000
• Year 2 - Kes. 17,000
• Year 3 - Kes. 16,000

Members are encouraged to contribute at least Kes. 1,500/- per month. The share capital built up will be monitored monthly. Any arrears will be recovered from loans being granted or dividend/interest due to the member but on a prorated basis.

Deposits earn interest depending on the surplus reported within the year. Loan granting is based on a member's deposits among other requirements like eligibility to pay. Deposits withdrawal is only allowed when a member is withdrawing membership. The minimum mandatory deposit contribution is based on the aggregate sum of all loan balances.

A buffer fund where members make monthly contributions to meet expenses upon bereavement of an immediate family member as declared by the member in advance. The contribution is Kes.300/= p.m.

Details of package (upon demise of declared dependent)

Note

1. To update your beneficiaries, please fill in the Benevolent Fund application form and send to us via email
2. To request a claim, please fill in the Benevolent Fund claim form and send to us via email. You will be required to attach certified proof eg. death notification slip or death certificate

This product is to enable members have savings with the SACCO and in return earn interest based on the period the savings are held by the SACCO. The returns on the funds shall be applied as follows:

 Other terms and conditions;

1. This is a voluntary savings scheme
2. Members are allowed to take off part / full of their savings
3. The minimum amount you can get is Kes. 10,000
4. The minimum savings amount is Kes. 12,000
5. Funds will be refunded within seven working days on receipt of notice
6. This amount can be used as a security for loan(s)
7. A member will not earn interest if he/she makes a notice before the maturity date.

This product is to enable members introduce their chamas to the SACCO and have savings which in return earn interest based on the period the savings are held by the SACCO. The returns on the funds shall be applied as follows:

Other terms and conditions;
1. The chama MUST be introduced by an existing active member of the SACCO.
2. The chama can be a registered or unregistered group.
3. Minimum amount and duration of investment is Kes. 100,000/- and 6 months respectively. 
4. The investment by the chama will operate in the introducing member’s SACCO account but liquidated (redeemed) to chamas bank account ONLY.
5. An agreement/MOU MUST be signed between the chama officials and the SACCO and, witnessed by the introducing member.
6. Minutes/resolution by chama members authorizing investment in the SACCO MUST be availed. 

Our Junior Savings account is packed with features designed to help you grow your child's future.

• The minimum saving that will earn interest is Kes. 5,000
• The savings to earn interest at 5% per annum
• Maximum allowable withdrawal from the saving is once in 12 months
• The minimum monthly contribution at any given time is Kes. 200
• No interest earned if withdrawal is done before twelve months
• The amount for opening the account is Kes, 1,000 non refundable

Secure your child's financial future today with Junior Savings—simple, rewarding, and tailored for success!

Download application form