Savings products
Compulsory
- Minimum of 10 shares at Ksh. 1000
- Earns dividends annually
- Non-withdrawable
- Transferable to other members upon exit
Optional
- Ksh. 1000 minimum monthly deposit
- Attracts interest per annum
- Forfeited if withdrawn before maturity
- Members select a fixed saving period
Compulsory
- Minimum monthly deposit: Ksh. 500
- Entitles a member to loans up to 3 times of their deposits
- Earns interest annually
- Deposits are reimbursed upon exit
Optional
- Ksh. 5000 minimum monthly or periodical lumpsum
Loan products
- Maximum amount equals 3 times member’s deposits
- Repayment period 36 months
- Interest charged - 1% P.M on a reducing balance
- Loans security in form of guarantors required
- Maximum amount -Ksh. 15,000 subject to a member’s deposit
- Repayment period - 1 month Interest charged - 5%
- Loan is instant and disbursed through Mpesa
- No guarantors needed
- Up to 50% of member deposits
- Repayment period 3 months
- Interest rates 3% per month on reducing balance
- No Guarantors needed
