Savings

Giving you financial power to achieve your goals

Thinking and planning for your future begins here

SHARES CAPITAL

This is a portion of member’s equity in the SACCO
Features
  • Individual Kes. 10,000 min.
  • Groups Kes. 15,000 min.
  • Corporates Kes. 20,000 min.
  • Earns dividends annually.
  • Dividends shall be automatically capitalized for any member holding less than the minimum share capital.
  • Non-refundable (can only be transferred to an existing member).

SHARE DEPOSITS

Continuous monthly contributions by members
Features
  • Minimum monthly contributions: Individuals – Kes. 1,000; Groups – Kes. 3,000; Corporates – Kes. 5,000
  • Earns interest annually.
  • Interest earnings shall be automatically capitalized for any member holding less than the minimum share capital.
  • It’s the loans eligibility multiplier i.e. allows members to access deposit based loans.
  • It acts as the collateral for loan and guarantee to other member’s loan.
  • It can be contributed through standing order, check-off, mobile banking, bank transfer or direct deposit.
  • Refundable upon member resignation.