In its endeavor to realize its vision and mission, Jamii SACCO upholds the following core values: Integrity, Professionalism, Customer Focus, Teamwork, Innovation and ICT.

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New Member Joining Requirements

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Investment or Micro-credit

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This product is geared towards supporting group members to meet Emergency and School fees needs

Basic Requirement

  • Must be a member of a registered self help group operating an account with Jamii Sacco..
  • Granted two(2) times a member's Micro Credit savings.
  • Granted up to a maximum of Kshs. 50,000
  • Interest rate of 15.5% per annum or 1.29% pm on reducing balance.
  • 2.5% appraisal fee.
  • Maximum repayment period is 12 months.
  • Copies of Business documents such as certificate of registration ,KRA PIN and business assessment report/audited report must be provided

 

This product is geared towards supporting small scale entrepreneurs to improve their income generating activities.

Basic Requirement

  • Must be a member of Jamii Sacco with minimum savings of Kshs. 3,400 for a period of 8 weeks.
  • Registration fees Kshs.300 per member.
  • Minimum voluntary savings Kshs. 200 per week or 800 per month.
  • Must be willing to abide by Jamii Sacco lending policies, rules and regulations.
  • Must provide adequate security for the loan/fully guaranteed by group members.
  • Must be a member of a registered self help group operating an account with Jamii Sacco.
  • Must provide current 6 months business record book.
  • Granted three(3) times a member's Micro Credit savings.
  • Granted up to a maximum of Kshs. 3,000,000
  • Interest rate of 14.5% per annum or 1.21% per month on reducing balance.
  • 2.5 % appraisal fee is applicable.
  • Maximum repayment period is 30 months.
  • Copies of Business documents such as certificate of registration ,KRA PIN and business assessment report/audited report must be provided.
  • To be cleared at 8% after 60% payment of the previous loan.
  • The loan can be cleared after 12 months/ 1 year consistent repayment without default.

 

Benefits:

  • Loans between Kshs. 10,000 (min) and Kshs. 2,000,000(max) will be made available to individual members in the Micro-credit Program to assist them start or expand own micro-enterprises.
  • Loans are granted 3 times of a member micro/Biashara savings.

The purpose of this product is mainly to assist members pay school fees for themselves or the children.

Basic Requirement

  • One must be a member of Jamii Sacco
  • One must have contributed for at least 6 months
  • Interest rate is 1.04% per month or 12.5% per annum on reducing balance
  • A duly Completed loans application form
  • Original current pay slips for three months
  • A copy of the members national identity card
  • Loan must be guaranteed.

Benefits:

  • Granted 3 times the total  member deposits
  • Payable in 12 months.
  • Available within 24 hours

This is a Top-Up loan granted to members with existing project and/or Normal loans and the features are as follows:

  • Granted 5 times a member’s total deposits.
  • Repayment period is a maximum of 96 months for members in the public service and 84 months for other members.
  • Interest rate is 1.17% per month or 14 % per annum on reducing balance.
  • Maximum limit of Kshs. 6,000, 000.00.
  • Available to all members .
  • Must be secured by guarantors and/or collaterals.

This loan is granted to meet member emergency needs within the shortest time possible.The waiting period not being more than 24 hours.

Basic Requirement

  • One must be a member of Jamii Sacco.
  • One must have contributed for at least 6 months.
  • Interest rate is 1.04% per month or 12.5% per annum on reducing balance.
  • A duly Completed loans application form.
  • Original current pay slips for three months.
  • A copy of the members national identity card.
  • One third (1/3) rule is applicable.
  • One must have one emergency loan at a time.
  • Loan must be guaranteed.

Benefits:

  • Granted 3 times the member total deposits.
  • Payable in 24 months.

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Jamii Sacco

Head Office: Jamii Sacco Court, Mukenia Road, South
‘B’ Next to Mater Hospital
Address: P.O. Box 57929 Nairobi 00100 Kenya
Tel: +254 (020) 552477/48 / +254 (020) 6552523
Mobile: +254715961545/ +254712852762
Email: info@jamiisacco.com

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