Who can join the SACCO?
Membership is open to individuals, groups, and families who meet the SACCO’s membership requirements.
How do I join the SACCO?
You can join by completing a membership application form and submitting the required documents at our office or online.
What is Member Deposit?
Member Deposit is the core savings that determines loan eligibility and represents a member’s ownership in the SACCO.
What is the difference between Share capital and deposits
Share capital is the equity/core capital of the SACCO and represents each member’s ownership of the Society in terms of share.
Share capital is non-withdrawable but transferable to another active member.
Shares cannot be used as loan security.
Can I withdraw my deposits?
Member deposits cannot be withdrawn while a member has an outstanding loan.
How much loan can I qualify for?
Loan eligibility depends on the type of loan applied for, your deposits, and your repayment capacity.
Do I need guarantors to get a loan?
Most loans require guarantors, except where otherwise specified.
What is MobiLoan?
MobiLoan is a digital loan service that allows members to apply for loans using the SACCO’s Android mobile app.
How do I access MobiLoan?
Download the MobiLoan app from the Google Play Store and follow the registration instructions.
How long does loan processing take?
Loan processing time varies by product, with some loans processed within one working day.
Benevolent Fund
BBF is a member’s self-insurance scheme.
Benefits include the following:
1.Funeral Expense in case of loss
Member-Ksh. 100,000 paid to the next of kin
Spouse- Ksh. 100,000
Child- 50,000
2.Offsetting deceased member’s outstanding loans
3. Members’ deposit will be doubled in case of death.
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