SCHOOL FEE SAVINGS
Plan well for yourself or your childrens' future education.
The School Fees Savings is an essential account that every member needs to have. This account motivates the growth of dedicated savings for educational expenses within the microfinance firm through regular monthly deposits. Based on the microfinance firm's rules, withdrawals from the School Fees Savings are not typically allowed unless a member decides to end their membership.
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BENEFITS
Benefits of the School Fees Savings:
Plan and prepare for future educational expenses.
Provides a dedicated account to save specifically for school fees.
Peace of mind knowing you have funds set aside for education costs.
Helps manage and budget for the education expenses.
*NOTE: To close this savings, you must give at least sixty days' notice to the secretary or the credit committee. A processing fee of Kshs 1,000 will apply.
Requirements
Complete the microfinance membership application form.
Upload supporting documents: Kenyan ID or passport and recent passport picture.
Maintain a minimum monthly contribution of Kshs 1,000.
