• No monthly charges
  • Access to Mobile banking services
  • Quarterly interest earning
  • Access to mobile banking services
  • No monthly charges
  • Operate to zero balance

Requirements

  • Copy of Id certified by our Officer
  • Copy of Pin KRA certified by our officer
  • Cheque book on request
  • Groups minimum group members as per Ministry requirements
  • Group meets on weekly basis or what they themselves see it appropriate
  • Group members to elect officials
  • Savings done on weekly basis or fortnight.
  • Loan disbursement done after 4 weeks of saving and trainings

Requirements

  • Groups constitution
  • Valid certificate
  • Groups minutes signed by each member of the group member
  • Photocopies of ID certified by our officers
  • Passport taken by our officers
  • Next of kin details
  • No monthly charges
  • Free quarterly statements
  • Ikundi assigned a Relationship officer
  • Loans disbursed after 3 months of savings
  • Groups to elect officials

 Requirements

  • 3 signatories
  • ID, passports and KRA pins for the signatories
  • Groups constitution
  • Group minutes signed by every member
  • Valid certificate from the ministry

Loans

  • Done after 6 weeks of savings and training
  • Group members to co guarantee each other
  • Borrow 3 or 5 times of their savings depending on the category of the group
  • Group to have a select Credit Committee to work with Kwetu Sacco officer
  • Group to go through loan preparation training Before any loan disbursements
  • Topics to be covered eg Group lending policy,Terms and conditions of the loan,Repaymentmode,maintainance of group records,co- gurantee concept and its implications,Enterpreneurial qualities.
  • Must have borrowed and fully repaid at least two micro loans
  • Site visit to verify business location
  • Client MUST provide pin certificate and utility bill
  • Business permit is a must
  • Maximum Repayment period 48 months
  • Targets women who are self employed and carry their business from a fixed premises

Requirements

  • MUST open a transactional Account and operate it at least for one month
  • MUST be in business
  • MUST be a member in kwetusacco
  • Can be accessed by women groups
  • Kentanks
  • Meko Gas
  • Solar Products
  • Bodaboda
  • Repayment is by way of monthly Installments comprising the capital value plus interest charges over an agreed finance term.
  • Ownership of the asset automatically passes on to member upon the last repayment
  • Chama given three – five times their savings after three months of savings
  • For special groups, they will acquire their loans after one month’s savings. This is after proving with previous Account statement and transfer of savings to Kwetu Sacco
  • Group officials to fill the loan application form
  • Resolution to borrow from all group members
  • Application signed by Area Chief/Assistant chief
  • Pin KRA for Chama officials
  • Passport coloured for the officials
  • Proforma invoice incase it’s an application for asset
  • A member must have operated a Biashara account 3-6 months
  • Loan is 3 times their savings
  • Business assessment done by a Relationship Officer
  • Provide business photos and business permit
  • Sketch maps for residential and business area