KIATU Regulated Non-Wdt Sacco proud ourselves as having the best savings features and to us a penny saved is a penny earned.
Member Contributions
Minimum contribution varies by membership class:
- Payroll 1: KES 5,000 — Monthly
- Payroll 2: KES 4,000 — Monthly
- Payroll 3: KES 3,000 — Monthly
- Payroll 4: KES 500 — Fortnightly
- Payroll 5: KES 500 — Fortnightly
- Jiendeleshe: KES 1,000 — Monthly
- Schemes: KES 500 — Fortnightly
- Spouses: KES 1,000 — Monthly
- Entities: KES 1,000 — Monthly
Shares/Share Capital
Features:
- Individual Minimum per member Ksh.10,000
- Earns dividend annually
- Non -refundable only transferable to an existing member
Savings Account
Features:
- Minimum monthly contribution ksh.1000
- Earns interest Annually
- It’s the loan multiplier allows member to access savings-based loan
- Can be contributed through check-off, standing order, mobile banking, bank transfer and direct deposit
- Can only be accessed upon membership withdrawal.
Xmass/Holiday Savings Account
Features:
- Monthly voluntarily savings with no minimum contribution
- No interest earned
- Refundable on every December holidays
- Transferable to the main saving account
- No charges to the account