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Jamii sacco 2025

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The document is a membership application form for the Jamii Co-operative Savings and Credit Society, detailing personal, contact, employment, and financial information required from applicants. It includes sections for identification, source of funds, deposit contributions, next of kin details, and referee information.

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How to get a loan from Jamii Sacco?

Basic Requirement One must be a member of Jamii Sacco. One must have contributed for at least 6 months. Interest rate is 1% per month or 12 % per annum on reducing balance. A duly Completed loans application form. Original current pay slips for three months. A copy of the members national identity card.

How much do I need to join Jamii Sacco?

*Attach two passport size photos * Membership fee is ksh 1000. *Minimum monthly Contributions is Ksh 2700,broken down as follows; Deposits - ksh 2000, Share capital Ksh 500 and Jamii benovelent fund is ksh 200. Note:Referees/members who introduce new members to the Sacco receive ksh 500 as incentives.

How much do I need to join a Sacco?

We have made our membership registration process as easy as possible. CategoryRegistration KshMin. Monthly Savings Kshs Business persons 500 500 Group 500 5,000 Diaspora 500 1,000 Corporate 500 10,0002 more rows

What are the requirements for Sacco?

For it to qualify to become a SACCO, it must have at least 20 members who must have paid a registration fee. vi. Upon completion of the registration, an authorization letter is issued which is supposed to be submitted to the Sacco Societies Regulatory Authority along with the Sacco registration form for inspection.

What is the interest rate for Jamii Sacco?

A member eligible to borrow more than Ksh. 5,000 will be subjected to a graduation factor of 1.5 conducted once in 30 days. The interest rate per month will be 5.3% for I month, 6.3% for 2 months, 7.3% for 3 months, 8.3% for 4 Months and 9.3% for 5 months charged on the principal loan one off.

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How much does it cost to register a sacco in Kenya?

Certified copies of the SACCO soc etys audited financial statements for the preceding three years, where applicable. Evidence that the SACCO has adequate capital; and. A non-refundable application fee of three thousand shillings.

Can anyone join a Sacco?

Individuals: Whether youre a salaried employee, self-employed, a student, or a retiree, you are eligible to join Chuna SACCO and benefit from our range of financial products and services. Employees of Partner Organizations: If your organization has a partnership with Chuna SACCO, you may be eligible for membership.

Jamii sacco 2025

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