The Benevolent Fund (BBF) is a member-funded self-insurance and welfare scheme engineered to provide vital financial protection to members and their immediate families during times of loss. Designed to relieve the emotional and financial strain of unexpected bereavement, this scheme delivers reliable funeral assistance, loan clearance protection, and long-term savings preservation. Regulated under the Sacco Societies Regulatory Authority (SASRA), Kenyatta Matibabu SACCO ensures a deceased member’s outstanding loan balance is fully offset while their accumulated deposits are doubled (100%) for their designated next of kin. Pair your welfare coverage with our core Deposit Accounts to secure lasting peace of mind.
- Member self-insurance and welfare scheme
Funeral benefit payable as follows:
Member: KSh 100,000 paid to next of kin
Spouse: KSh 100,000
Child: KSh 50,000
- Offsets the outstanding loan balance of a deceased member
- Member deposits doubled (100%) in the event of death
Why Join the Benevolent Fund for Family Security?
Ensure reliable financial support and compassionate protection during unexpected loss with our member-funded welfare scheme. The Benevolent Fund delivers guaranteed funeral expense payouts, complete loan protection, and deposit preservation.
Up to KSh 100,000 Funeral Support
Receive direct, immediate financial relief during difficult moments of bereavement without putting unnecessary stress on personal savings. The Benevolent Fund disburses guaranteed cash assistance directly to designated beneficiaries to cover immediate burial and logistics expenses. Under this scheme, a cash benefit of KSh 100,000 is paid upon the passing of a principal member to their next of kin, KSh 100,000 is issued upon the loss of a registered spouse, and KSh 50,000 is provided per registered dependent child—ensuring prompt relief when families need it most
100% Outstanding Loan Offsetting
Shield your surviving family members and cooperative guarantors from unmanageable debt obligations in the event of unforeseen tragedy. Utilizing our integrated loan protection insurance SACCO framework ensures that any remaining credit balance owed by a deceased member is completely written off and cleared. This comprehensive protection prevents loan recovery claims against personal estates or surviving guarantors, preserving your family’s inheritance and protecting fellow members from unexpected financial liability.
100% Member Deposit Multiplier
Provide substantial long-term financial comfort and asset continuation for your named beneficiaries. In the event of a principal member’s passing, their accumulated active deposit balance within the SACCO is doubled (100%), meaning the designated next of kin receives twice the total saved equity. Payouts from this SACCO welfare fund Kenya program ensure that your hard-earned savings continue building a legacy, giving your family a strong financial cushion to navigate future commitments confidently.
Member-Funded Welfare Scheme
Participate in a robust collective safety net founded on mutual care, shared responsibility, and cooperative solidarity. Operating as a dedicated SACCO self insurance scheme, pooled regular monthly contributions from all active members create a reliable, resilient fund capable of fulfilling all welfare obligations instantly. By contributing small, affordable monthly premiums, you gain guaranteed financial protection for your household while simultaneously supporting fellow members through difficult life transitions.
How To Register & Claim Your Benevolent Fund Benefits
Registration & Beneficiary Requirements
Enrolling in and maintaining active protection under the Kenyatta Matibabu BBF involves straightforward documentation steps:
Active Membership Standing: Maintain regular, timely welfare contributions to remain in good standing and ensure unbroken coverage for your household.
Family Registration: Complete the official Benevolent Fund enrollment form, attaching official identification documents and birth certificates for your legal spouse and eligible dependent children.
Next of Kin Designation: Explicitly nominate and update your designated next of kin to guarantee fast, unhindered disbursement of member funeral benefits and doubled savings payouts.
Claim Processing & Policy Terms
Submitting claims under the welfare fund ensures rapid payout execution to support grieving families during critical times:
Prompt Claim Notification: Formally notify the SACCO office with supporting documentation, including an official death certificate or burial permit, to initiate immediate verification.
Automatic Debt Clearance: Upon claim verification, the deceased member’s active loan balance is fully written off through insurance without impacting guarantors.
Direct Beneficiary Disbursement: Approved funeral benefits (up to KSh 100,000) and doubled deposit sums are processed and disbursed directly to verified beneficiaries within guaranteed response timelines.
