This is a mandatory savings scheme. The nominal value of each share shall be Kshs.100/=.
The minimum share capital expected by 31st December 2024 is Kshs. 45,000/=. 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.
