Savings Products

Savings Products

   Members Non-Withdrawable Deposits

  • Each member shall contribute minimum of Ksh500 payable anytime towards their savings.
  • These deposits will be used to acquire loan and are non-withdraw-able
  • The Deposits shall be refundable upon closure of the members account after giving a request notice of 3 months
  • Deposits shall only be refundable if the members has no loan and has not guaranteed any loan
  • Deposits shall attract Interest on Deposits in the event the Sacco makes good profits

 Share Capital

  • Every member shall buy 15 Sacco Shares worth Ksh 300 payable upon registration
  • Share-Capital shall attract Dividends in the event the Sacco makes good profits
  • Share-Capital shall not be refundable in the event member withdraws from the Sacco but transferable to another member of the Sacco.
  • Credit products
  • The information given here should be the same as the ones under products (the current info contained is totally different and misleading)