OUR PRODUCTS.

SAVING PRODUCTS.

• Share capital is a long term contribution invested in the SACCO by each member. It represents a member’s ownership of the SACCO and therefore forms part of SACCO equity.
• Members shall pay up to the minimum share capital within the first 12 months of membership or with the first loan, whichever comes earlier.
• The minimum share capital is Ksh. 15,000 per member.
• Subsequently, every member shall continue to contribute Ksh.1, 000 annually.
• Loanable – three times of your total share capital.
• Not withdrawable.

• Minimum monthly contribution of kshs 1000.
• Loanable –three times of your total saving.
• No hidden charges or monthly charges.
• Withdrawal is made on 60 days’ notice.
• Annual returns in form of dividend.

• Minimum monthly contribution of Kshs 500 per group member.
• Loanable –three times of applicant saving.
• No hidden charges or monthly charges.
• Withdrawal is made on 60 days’ notice through the group set up.
• Annual returns in form of dividend on individual savings.

• Members contribute Ksh. 200 monthly or ksh2400 annually to the welfare fund.
• must be a member for at least 6 months period to enjoy welfare benefits.
• The fund covers death of the principal member, spouse, biological children and biological parents, -Ksh 10000.
• Principal member wedding token of ksh of 5000.
• Hospitalized more than a month only to nuclear family to principal member –ksh 10000.
NB –all payments must be supportive by relevant documents and dually filled application form.

Loans Products

• Minimum amount of ksh10, 000 and Maximum of Kshs. 500,000.
• The loan amount will be subject to three (3) times of applicant savings& share capital.
• Interest of 1.0% p.m.
• The maximum repayment period is 24 months.
• Easy top-up.
• Loan is guaranteed by loanee’s deposits, guarantors’ deposits or any other acceptable collateral.
• 2% processing fee upfront and Ksh 50 application fee.
• Individual KYC documents.

• Maximum amount granted Kshs. 50,000.
• Interest of 1.5% p.m. on reducing balance.
• The maximum repayment period is 12 months.
• Loan is guaranteed by loanee’s share deposits, guarantors’ deposits or any other acceptable collateral.
• Processed within 24 hrs.
• 2% processing fee upfront and Ksh 50 application fee.
• Individual KYC documents.

• Maximum amount granted equal to the initial loan • Interest of 1% p.m. on reducing balance • The maximum repayment period is 24 months. • Easy top-up facility • Loan is guaranteed by loanee’s share deposits, guarantors’ deposits or any other acceptable collateral. • 2% processing fee upfront and Ksh 50 application fee. • Individual KYC documents. Note: - An Individual will qualify for a loan after after paying atleast 50% of the previous loan.

• The loan application initiated and approved at group level.
• Copy of the approval minutes shall be submitted to credit office.
• Each members can access the loan three times of he/her saving depending on the group exposure.
• The group will guarantee each other.
• Members can access all loan products at the same terms and conditions.
• Individual KYC documents.
• Other terms and conditions of loan application remain the same
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CSR

We also extend Corporate social responsibility to the community.

Payment Details.

1. Pay bill number: 400200
2. accounts Number: 40044383.
3. Enter amount Ksh….then your Mpesa pin.

Bank: CO-OPERATIVE BANK Branch: ISIOLO
Account Name: SHALOM EMPOWERMENT FORUM SHG.
Account Number: 01134438382100
Reference: YOUR ID NUMBER , followed by the respective name.