This is a savings account for groups. Members can pool funds together, little by little, day by day to create vast resources that can be invested in various investment vehicles/options. It offers your chama an opportunity to see their investment grow as well with being served with progressive savings services through multiple-delivery channels
Features
- All types of Chamas, whether registered or not are eligible to open the account upon joining the Sacco
- Minimum of 3 signatories (Maximum of 7)
- Free internal transfers
- Fee monthly statements
- One Free banker’s cheque per quarter
- Minimum monthly contributions of Kes.10,000/=
- No monthly charges
Requirements
- All Chama members will automatically be created for this account.
- Chama Loans will be disbursed to this account with exception of Chama ChapChap (disbursed to Chama member FOSA account)
- No monthly charges