A member is required to complete a Next of Kin Form giving details of the names, contacts and relationship of the beneficiaries for both Burial Expense and final dues. Where percentages are required, then it must be provided.
8.1 Claims Procedure for JBF
In the event of death, the following documents are required:
NB: Members are advised to regularly update their Next of Kin.
7.1 Gurantorship.
Members are allowed to guarantee up to a maximum of 20 long term loan applications. Members with default history will not be allowed to guarantee new loans.
7.2 Other Acceptable collaterals.
NOTE:
7.3 Jamii Benevolent Fund (JBF)
This is a self insurance scheme that covers all loans in the SACCO except Micro Finance which are insured separately. Every member must contribute a minimum of Kshs.200.00 per month so as to be fully covered. The purpose of JBF is:
NOTE: Members are advised to regularly update their Next of Kin records.
7.4 Withdrawal from the JBF Scheme.
The JBF fund may be refunded to the members who have not claimed from the scheme on exit as follows:
Note: 100% refund is neither feasible nor possible due to the expenditures incurred in this kitty.
THE RIGHT PARTNER FOR YOU.
MICRO-CREDIT/INVESTMENT GROUPS JOINING CONDITIONS:
LOAN APPLICATION REQUIREMENTS.
Jamii Housing Co-operative Society was established and registered in May, 2013. The purpose of establishing it was to provide members with shelter and livelihood within the area of its operation at fair and reasonable prices together with auxiliary services such as road network, drainage, water and power including facilities for physical and cultural recreation. The objective remains noble and members are encouraged to join the Housing Cooperative Society.
Membership Requirements
Members are encouraged to open and build their deposits in anticipation to purchase plots/properties once they are available for sale. Note that the Jamii Housing Cooperative Society is run separately from Jamii SACCO, and it has it is own elected Delegates, Central Management Committee (CMC) and Supervisory Committee (SC). However, Jamii SACCO still accords the Housing support in terms of staffing and office facilities during this early stage on mutual partnership.
Current Status
Note:
This is a facility for retirees and it has the following features:
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