MAIN SAVINGS

Building your savings and achieve your development goals through affordable microfinance loans

The Main Savings is the fundamental savings that each member is required to have. These savings promotes the accumulation of long-term savings within the community through consistent monthly contributions. According to the regulations set by the microfinance firm, withdrawing from the Primary Savings is not readily permitted unless a member is terminating their membership.

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BENEFITS

Befits of Main Savings account

  1. Accumulate long-term savings for future needs.

  2. Serve as collateral for loans.

  3. Eligibility to borrow up to four times the amount of your savings.

  4. Receive an annual interest based on the profitability of microfinance.

*IMPORTANT: A minimum notice of sixty days is necessary to close the account. This must be communicated to the secretary or the credit committee. A processing fee of Kshs 1,000 will be levied.

REQUIREMENTS

  1.  Complete the microfinance membership application form

  2. Upload supporting documents: Kenyan ID or passport and recent passport picture.

  3.  Maintain a minimum monthly contribution of Kshs 10,000