This is a unit of ownership of the SACCO and members earn dividends on the same annually when declared.
The Share Capital is not withdraw-able but can be sold or transferred to an existing member upon one’s withdrawal from the SACCO.
The minimum share capital is Kshs.40, 000.00 paid in installments (Increasing by 5,000.00 per year till 2023).
Deposits are savings accumulated by members which may be used as collateral against borrowings from the Society and shall only be refunded when a member withdraws from membership and has fully repaid all his/her debts and is free from guarantee.
Member contributes a minimum of Ksh 1,000 every Month
Fosa deposits is vailable for those who do not contribute but wish to get big loan advance. Fosa deposits is paid interest at a competititve rate annually.
- We offer competitive interest rates for the fixed deposit account
- Contract arrangements for between three months and one year
- Fixed deposit certificate can be used as a collateral for any SACCO loan
- Ordinary account
- Holiday account
- Childern account
- Group account
- Joint account