How do you become a member?
- Filling of Membership forms – (One can download from our Website).
- Mandatory Membership fee of Kshs 500
- Monthly share contribution is 10% of the Basic salary (Those in checkoff system) and subject to Minimum of Kshs 1500
- Loan is issued based on the amount of shares with a multiplying factor of 3
- High monthly turnover in Both sections of the sacco FOSA , BOSA and Micro-Finance
- Pay slip ability is also considered for members in a formal employment.
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Welfare Scheme
- All members to contribute mandatory Ksh. 200.00 monthly towards the scheme
- The scheme funds to be utilized on loan insurance.
- The contributor to be rewarded with 25% of welfare savings on retirement. Provided one has consistently contribute for five (5) consecutive years.
Bereavement benefits
- In case of contributor’s death – Beneficiary paid Ksh. 40,000.00
- In case of contributor’s death – Beneficiary paid Ksh. 40,000.00
- In case of death of contributor’s biological parent – Contributor paid Ksh. 20,000.00
- In case of contributor’s child death (upto 4 children below 25 years of age) – Contributor paid Ksh. 20,000.00