· Loan product designed for Development projects for registered institutions and organizations.
2. Maximum Amount
· Deposits multiplied by 3
· Maximum 5,000,000
3. Maximum period
4. Loan Security
· Acceptable tangible collateral
5. Other Conditions
· Ability to pay pegged on 75% of monthly savings.
· 15% interest on loan clearance.
· Group members who are SACCO members to guarantee the loan.
· Contribute 1% of loan to deposits during term of the loan.
· Official minutes and attached with a comprehensive project proposal for the intended loan.
6. Interest rate
· 1.21% per Month (14.5% P.A)
· Interest charged on reducing balance.
2016 Dividends Computation Template.Key in your monthly contributions made from January 2016 to December 2016 as per your share deposits statement considering the date funds were received and processed by the SACCO. Share statements can be accessed from the SACCO on request.
Inser...( read more )
Annual Reports and Financial Statements (2016)SACCO Members can access and Download Annual Reports and Financial Statements for the year ended 31st December 2016.
The Report highlights include:
minutes of the 40th Annual General Meeting.
Board Chairman Annual Report.
Supervisory Bo...( read more )
TendersPre-Qualification for Supply and Delivery of A core Banking System (CBS) and an Enterprise resource Planning (ERP) solutions.
The sacco invites pre-qualification from interested and eligible bidders for the;
Supply, delivery, installation, im...( read more )
Chairman’s MessageWELCOME TO EGERTON SACCO WEBSITE.
Thank you and welcome to our website. now that you are part of our online community, you will be receiving latest news about Egerton Sacco focusing on our exciting products, news, specials and general updates.
ki...( read more )
SACCO M-Pesa Paybill : 798073Introducing our Paybill number for M-pesa to SACCO Account transfers:
M-Pesa Pay Bill is a service that allows Members to make transactions from their mobile phones to their SACCO Accounts.
Members can now send money from their M-Pesa accounts to t...( read more )
Spotcash Mobile BankingEgerton Sacco is on SpotCash M-banking platform. Our members are able to access their accounts and banking transactions using mobile phones.
Benefits to members:
Time and location independence in banking.
Reduced traveling requirements and...( read more )
SACCO AssuranceSACCO Assurance Partnership with CIC Limited.
We are glad to inform all our Members that they can now access subsidized and tailor-made insurance products through the Sacco.
EGERTON Sacco values your life as our member, we are therefore please...( read more )