Snapshot of Terms and Conditions
- Registration fee Ksh 200
- Membership adults above 18 years
- Borrow three times savings after1 (one) month
- Guarantors to guarantee two thirds of borrowed funds for individual loans(borrower plus guarantor’s total 100%) at 1%
- Chama and group loans- if not guaranteed 100% to attract 2.5% interest but if guaranteed to attract 1% per month
- Instant loans at 5% interest paid in a month. Not more than 1/2 savings and not more than 10,000. Must be in a group
- Loan processing fee is Ksh 300 minimum or 1% of loan amount and a ceiling of Ksh 1,500*
- Close account fee of Ksh 500
- Safaricom and Equitel tariffs apply
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|
Item |
External tariff (Ksh) |
M-ASCA (Ksh) |
|
Savings deposits |
Safaricom paybill tariffs 22 and above depending on amount transferred. Equitel Nil |
nil |
|
Send to M-pesa |
Safaricom tariffs depending on amount moved |
5 |
|
Statements requests |
SMS 3 |
7 |
|
Balance requests |
SMS 3 |
2 |
|
Change pin |
SMS 3 |
17 |
|
Configure bank details |
SMS 3 |
17 |
|
Change next of kin details |
SMS 3 |
17 |