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.
