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A member needs to inform the Sacco in writing of his intention to withdraw. This is done by filling a withdrawal form. A notice of sixty days (60) is required in case of any refunds due to the member.

One has to have saved regularly for three months, have guarantors who are our members and have savings with us or use collateral as guarantor. If it is asset loan, no guarantor is required.

An emergency loan is processed immediately and released subject to meeting the relevant conditions. Normal loans require approval of the management. Asset loans may be approved in the management committee but disbursed subject to availability of funds in the laid down disbursement schedule. Some loans may take long before disbursement especially asset loans due to various reasons.

For normal loans, you can apply on the condition that you have already paid 75% of the initial loan taken.

All loans except Mkombozi loan attract an interest of 10% at flat rate while mkombozi loan attract an interest of 1% paid in a span of one month.

Attend general meetings and annual delegates meetings, vote and be heard in those meetings.
Elect the committees, appoint nominees, approve, reject or defer the budget, participate in the amendment of the society’s by-laws.
Enjoy all the services provided by the Sacco.

Yes a member can transfer all special investment in form of shares back to the savings and borrow loans of upto 3X the savings.