The minimum contribution is Kes. 1,000 per month.
Frequently Asked Questions
Share Capital
- Minimum is Kes. 10,000 per member.
- Earns Dividends.
- Paid once per member.
- Not withdrawable but transferrable to another member.
Deposit Contribution
- The minimum contribution is Kes. 1,000 per month.
- Withdrawable upon a notice period of 60 days.
- Considered as a loan multiplier (4 Times).
- Interest is earned on deposits.
All loans are processed as they are received.
The Sacco has no minimum or maximum guarantors. It all depends on the loan amount applied. Ideally, a member’s deposits and guarantor’s deposits must be equal to or more than loan amount subject to risk exposure.
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