Share Capital
This is members’ stake/ownership of equity in the Sacco.
• It is non-withdrawable but transferable upon member’s exit.
• The investment attracts an annual return in form of dividends payable.
• Dividends shall be automatically capitalized for any member holding less than the Minimum Share Capital threshold.
Deposits
These are the continuous monthly savings that members make to the Sacco throughout their membership.
• Deposits Savings earn interest annually and allow members to access deposit-based loans.
• Can be contributed through standing order, check off, mobile banking, bank transfer or direct deposit.
• Can only be accessed upon membership withdrawal.
Education Savings
This is an annual savings program to cater for members school fees needs. It is withdrawable quarterly, semiannually, and annually with interest as per the prevailing Society rate.
Fixed deposit
The Fixed deposit account is a withdrawable deposit account where depositors can place short term deposits for specified periods of time usually between one to twelve months. The account targets members with large sums of money that they have put aside for investment and they are certain of the period that they can commit the funds. The minimum deposit is KES 50,000. Interest is earned annually upon maturity