Recent Articles
Your Guide to Common Concerns- Loan Application Edition
1. What are the requirements for loan application? ● A member is required to submit a loan application form accompanied by the mode of repayment (direct debit or cheque off). ● A copy of the current payslip is needed for appraisal on repayment ...
TIPS TO EXCEL IN FANANCIAL JOURNEY
1.Be a go-getter. -For a member to have a saving decision, he/she need to be hardworking and smart in planning. 2.Descipline. -To excel in financial journey, your behavior around money determine your fate. 3.Be well versant with the 2/3 rule. -Make ...
Fosa loans
1. Salo loan Available to Boresha Biashara and Jiinue customers. Loan limit is per customers' account transaction history. Repaid in 3 months Interest rate of 2% p.m on reducing balance. 2. Biz Bora Loan Available to Boresha Biashara and Jiinue ...
Difference between main savings scheme and share capital for SACCOs
Main savings scheme is a member's deposit account where they make monthly contributions with The Sacco. Savings contributions can be used as either security to member's loans or guarantee to other members. Interest rebate is earned on the main scheme ...
FIXED DEPOSIT ACCOUNTS
Fixed deposits are low risk investments that give higher returns compared to savings. For our Fixed deposit accounts, tenure ranges from 3,6 and 12 months but a member can go for the call option where you request to fix some amount and get it ...