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Young Investors
- The account is open to children and youth aged 0-18 years, aiming to instill the habit of saving from an early age.
- It doesn’t require opening fees, making it accessible to young savers.
- Attractive interest rates are offered on the savings to incentivize and grow the savings over time.
- No ledger fees or maintenance charges are applied to the account, encouraging consistent saving.
- Parents or guardians can easily open and operate the account on behalf of their children/dependents.
- Parent can access school fees without guarantors at an interest rate of 10% p.a on reducing balance basis
Share Capital
- This is a non-withdrawable and non-refundable investment that is only transferable to another existing member or an appointed nominee
- Every member shall hold at least 1750 shares of Kshs. 20 (Kshs. 35,000) each or as shall be fixed by the annual General Meeting.
- Share Capital shall be raised within a period of 12 months upon joining
- Your investment in share Capital is guaranteed to earn an attractive annual return of dividends
Member Deposits
- The minimum monthly deposit contribution is Kshs 3,000
- Attractive rate of return on investment. The sacco offers an attractive annual rate of Return on Deposit.
- Ability to borrow up to 5 times of total contribution.
- Can Guarantee and be Guarantee a loan
- It is a Retirement savings plan
- Fully Refundable upon exit from the Sacco
Likizo Savings
- Minimum monthly contribution is Kshs 1,000.00
- Entrance Fees is Kshs 500.00
- Minimum operating balance is Kshs. 1000.00 unless you are closing the account.
- Annual interest Earning is 5%p.a for a minimum saving period of 6 months
- Withdrawal from this account shall be once every quarter.