Kumbukumbu RegulatedNon-WDT-SACCO
Society Ltd.
Member deposits comprises of monthly contributions and share capital that earns annual dividends. We also provide a savings portfolio with a variety of options.
Monthly contributions are maintained at a minimum of Ksh.2,100. Members with higher contributions have an advantage of acquiring favourable loans as it is based on their deposits multiplier.
Every member is required to have ownership of the society with a minimum share capital of Ksh.20,000. Share capital earns dividends that is payable at the end of the financial year.
In addition to member deposits, we offer a diversified portfolio of savings that targets various financial needs.
| SAVINGS TYPE | MIN CONTRIBUTION | INTEREST | JOINING FEE | ||
|---|---|---|---|---|---|
| 1 | Event Savings | Ksh.1,000 p.m. | 5% p.a. | N.A. | |
| 2 | Holiday Savings | Ksh.1,000 p.m. | 5% p.a. | N.A. | |
| 3 | Malaika Savings | Ksh.1,000 p.m. | 5% p.a. | N.A. | |
| 4 | Group Savings | Ksh.10,000 | 5% p.a. | Ksh.1,000 | |
| 5 | Withdrawable Savings | Ksh.1,000 | 5% p.a. | N.A. |
This product targets important events such as graduation parties, family get-togethers, leaves, pre-weddings, weddings, honey moons, retirements, among others.
- Minimum monthly contribution of ksh.1,000.
- Earn interest of 5% p.a. on accounts maintained for 1 year.
- No joining fees.
- 30-day withdrawal notice.
A product designed to cater for holidays such as Christmas, Idd-ur-fitr, Hajj, etc.
- Minimum monthly contribution of ksh.1,000.
- Earn interest of 5% p.a. on accounts maintained for 1 year.
- No joining fees.
- 30-day withdrawal notice.
A product through which Members can make savings for their children so as to cater for their educational expenses and general upkeep.
- Minimum monthly contribution of ksh.1,000.
- Earn interest of 5% p.a. on accounts maintained for 1 year.
- No joining fees.
- 30-day withdrawal notice.
A product tailored to benefit groups who would like to save and earn an interest on their savings.
- Minimum operating balance of Ksh.10,000.
- Minutes indicating the resolution to join the SACCO.
- Names of persons authorized to operate the account.
- Earn interest of 5% p.a. on accounts maintained for 1 year.
- Withdrawal fees of Ksh.1,000 on premature withdrawals.
- Joining fees of Ksh.1,000.
- 30-day withdrawal notice.
A product through which Members can make savings that can be withdrawn in the near future.
- Minimum contribution of ksh.1,000.
- Interest of 5% p.a. for accounts maintained for 1 year.
- Minimum period before first withdrawal is 6 months.
- Withdrawal fees of Ksh.500 on premature withdrawals.
- No joining fees.
- 30-day withdrawal notice.
Kumbukumbu Regulated Non-WDT-SACCO Society Ltd has served its members for close to a century having drawn membership from various establishments and individuals.
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