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Majanees RNWDT SACCO LTD

Established in 1976 to serve the members of the then Brooke Bond Group of companies, Majanees RNWDT SACCO has grown significantly over the years. With an open common bond that includes Chama’s, corporates, and mergers with smaller Saccos, we now proudly operate from our head office in Limuru.

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5 Days Process

Fast & Easy Process

No Prepayment

No Hidden Fees

24/5 Support

Multilingual Support

Vision

To be member driven, with choices of affordable and competitive products for all.

Mission

Empowering members through quality, diversified products and services while ensuring highest returns on investments

Core Values

Commitment
Integrity
Team work
Accountability
Continuous improvement

About Majanees RNWDT Sacco

Who We Are

Majanees RNWDT Sacco was formed in 1976 serving members of the then Brooke Bond Group of companies. It operates with an open common bond which includes Chama’s, corporates, and Mergers with small Sacco’s with its head office in Limuru. Due to the growth of its assets over the years, it became regulated by SASRA from the year 2020. Today Majanees Regulated NWDT Sacco Society has assets to the tune of over Kshs.100 million

At Majanee RNWDT Sacco Ltd, our mission is to promote a culture of savings, responsible lending, and financial literacy. We offer a range of competitive savings products tailored to different financial goals and transparent, affordable loan solutions to support your ambitions.

What sets us apart is our member-centric approach, ensuring that your success is our success. We provide secure online banking for convenient 24/7 access, and our commitment to financial education ensures that our members are equipped with the knowledge to make informed decisions.

Long-Standing History and Stability- Since 1976

Regulated and Secure Regulated by the SACCO Societies Regulatory Authority (SASRA) since 2020.

Member-Centric ApproachMember-driven, offering affordable and competitive products tailored to meet the diverse needs of our members.

Diverse Product OfferingsWide range of savings and loan products designed to meet the varying needs of our members

Our Products

Saving Products

Saving is the foundation of financial stability and growth. At Majanees RNWDT SACCO, we offer a range of saving products designed to help our members build a secure financial future. Our saving options provide flexibility, competitive interest rates, and easy access to your funds.

From regular monthly contributions to no-minimum savings accounts, our products are crafted to suit various saving goals and preferences. With Majanees RNWDT SACCO, your savings not only grow but also lay the groundwork for loan qualifications, ensuring you have the financial backing to achieve your dreams. Start saving with us today and experience the benefits of a secure and prosperous future.

Members Deposits
  • Monthly contributions paid by members.
  • Non-withdrawable unless exiting the SACCO.
  • Basis for loan qualification(multiplier of three)

Savings Account

  • No minimum contributions required.
  • Withdrawals allowed once per annum.
  • Earns 3% interest per annum.
Our Products

Loan Products

At Majanees RNWDT SACCO, we understand that our members have diverse financial needs and aspirations. To support you in achieving your goals, we offer a variety of loan products tailored to meet different requirements. Whether you need funds for personal development, emergencies, education, or business investments, our loan products are designed to provide you with the financial flexibility and support you need.

Our loans come with competitive interest rates, flexible repayment terms, and a commitment to transparency and fairness. Explore our range of loan products and find the right solution for your financial needs.

Normal/Development Loan

  • Maximum qualification: 3x deposit.
  • Repayment period: 60 months.
  • Interest rate: 1% per month (reducing balance).

Refinancing Loan

  • Supports projects funded by normal loans.
  • Repayment period: same as remaining period of the normal loan.
  • Interest rate: 1% per month (reducing balance).

Bridging Loan

  • Long-term loan, repayable in 60 months.
  • Maximum qualification: 3x deposits.
  • Bridging charges: 15% of the amount bridged.
  • Interest rate: 1.5% per month (reducing balance).

Emergency Loan

  • For urgent cash requirements.
  • Repayment period: 12 months.
  • Interest rate: 1% per month (reducing balance).

School Fees Loan

  • Repayment period: up to 12 months within the calendar year.
  • Interest rate: 1% per month (reducing balance).

Mobile Loan/Instant Loan

  • Maximum accessible: Ksh 2000.
  • Interest: 10% on application.
  • Repayment period: 1 month.
  • No application form required.

Term Contract Loan

  • Maximum amount: 1.5 times deposits.
  • Requirements: At least 6 months contribution, membership status fulfilled, and three permanent guarantors.

College Loan

  • Repayment period: 12 months.
  • Requires supportive documents.
  • Interest rate: 1% per month (reducing balance).

Special College Loan

  • Repayment period: 24 months.
  • One-time surcharge: 4% of loan applied.
  • Interest rate: 1% per month (reducing balance).

Agricultural Loan

  • Must be a registered member.
  • Proof of loan repayment required.
  • Repayment period: 12 months.
  • Interest rate: 3% per month (reducing balance).

Karibu Sana Loans

  • For new members.
  • Interest rate: 3% per month (reducing balance).
  • Maximum amount: Ksh 150,000.
  • Retention of initial deposits from loan applied to build up multiplier.

Group/Chama Loans

  • Registration documents and other requirements needed.
  • Membership of at least 6 months.
  • Deposits: Ksh 1,500 per month.
  • Interest rate: 1% per month (reducing balance).
  • Guaranteed by full members

Boosting Facility

  • For members who qualify under all conditions except deposits.
  • Boosted amounts: 10% surcharge on application.
  • Earns interest like normal deposits.
  • Maximum boosting: 50% of current deposits.
  • Interest rate: 1% per month (reducing balanc

General Lending Requirements

All loans must be secured/guaranteed unless deposits exceed the loan applied for and no other loans have been guaranteed.
The 2/3 basic salary rule applies at all times.
Prematurely retired loans attract interest for three months of the outstanding balance.
Each loan processed incurs a 1% initial processing fee.
Required documentation must be attached to all loan applications.
Minimum monthly individual deposit contribution: Shs 1500.
Loan multiplier: 3 times a member's deposits.
plier: 3 times a member's deposits.

Loan Requirements
Why Our Products

Why Our Products

Competitive Interest Rates

We offer competitive interest rates compared to other financial institutions, making it an attractive option for borrowers looking to minimize their borrowing costs.

Quick Approval Process

If you're in need of funds urgently, Majanees Sacco we offer a quick approval process, allowing you to access the funds you need in a timely manner.

Member Benefits

Being a member of a Sacco like Majanees comes with additional benefits beyond just borrowing, such as profit-sharing, access to other financial products, or educational resources for financial management.

Secure Process

Flexible Repayment Terms

Community Support

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Customers Testimonial

What Our Clients Say

Maxwell
Maxwell

Joining Majanees Sacco was one of the best decisions I've made for my financial future. Not only do they offer competitive loan rates, but their personalized service and support throughout the loan application process made everything seamless. Thanks to Majanees Sacco, I was able to secure the funds I needed to kickstart my small business without any hassle. I highly recommend Majanees Sacco to anyone looking for reliable financial solutions

Hellen
Hellen

Farmer

I've been a proud member of Majanees Sacco for over five years now, and I can't speak highly enough of their commitment to their members' financial well-being. When I needed a loan to renovate my home, Majanees Sacco was there every step of the way, offering flexible repayment options and competitive interest rates. Their friendly staff provided expert guidance and made the entire loan process stress-free. I'm grateful to Majanees Sacco for their continued support and dedication to empowering their members.

James
James

IT Programmer

Majanees Sacco has been my financial partner for years, and I couldn't be more satisfied with their services. From savings accounts to loans, Majanees Sacco offers a comprehensive range of financial products tailored to meet the diverse needs of its members. When unexpected medical expenses arose, Majanees Sacco came through with a quick and hassle-free loan approval process, allowing me to focus on my health without worrying about finances. I wholeheartedly trust Majanees Sacco for all my financial needs and highly recommend them to anyone seeking a reliable and trustworthy financial institution

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