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
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Individual Kes. 10,000 min.
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Groups Kes. 15,000 min.
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Corporates Kes. 20,000 min.
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Earns dividends annually.
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Dividends shall be automatically capitalized for any member holding less than the minimum share capital.
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Non-refundable (can only be transferred to an existing member).
SHARE DEPOSITS
Continuous monthly contributions by members
Features
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Minimum monthly contributions: Individuals – Kes. 1,000; Groups – Kes. 3,000; Corporates – Kes. 5,000
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Earns interest annually.
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Interest earnings shall be automatically capitalized for any member holding less than the minimum share capital.
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It’s the loans eligibility multiplier i.e. allows members to access deposit based loans.
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It acts as the collateral for loan and guarantee to other member’s loan.
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It can be contributed through standing order, check-off, mobile banking, bank transfer or direct deposit.
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Refundable upon member resignation.