Savings Accounts

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Our Savings Accounts

Every member of the society must contribute shares on a monthly basis of kshs 500/-.
The minimum share contribution is prescribed in the By-law but shall be reviewed from time to time.
The nominal value of each share shall be Kshs.20 each and every member shall hold at least 500 shares in the Society.
No member shall hold more than 1/5 of the total shares capital of the Society.
These shares are not withdrawable and cannot be used to offset a loan however they are transferable to another member on exist.

Any amount may be accepted towards the deposits provided that the General meeting may fix a minimum amount that may be paid in by a member at any one time.
No member shall be permitted to reduce his deposits in the Society.
The deposits contributed shall allow the member to acquire loans.
Monthly deposits contributions are currently being graduated as per normal loan taken by each member.
minimum monthly contribution is kshs 2000/-

P.O. Box 30042 - 00100 Nairobi Kapiti Road, South B, Nairobi.

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