This product is to enable members introduce their chamas to the SACCO and have withdrawable 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:

 PERIOD (DAYS) 

 RETURN (PER ANNUM) 

 180

 10%

 Over 180

 11%

 

 

 

 

Other terms and conditions;
1. The chama MUST be introduced by an existing active member of the SACCO.
2. The chama MUST be registered.
3. Minimum amount and duration of investment is Ksh. 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. 

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Wambui road - Muthaiga, off Kiambu/Thika road
Postal address: P.O. Box 11539-00400, Nairobi.
Tel:  +254 (020) 2211600
Cell: +254 (0) 720 833326 / 733 967707
Email: info@balozicoop.com/balozisacco@gmail.com

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