- info@majaneessaco.com
- Limuru , Mabroukie Tea Factory
- +254 745 537 367
- +254 743 588 078
- +254 745 239 348
Members Deposits
Member Deposits at Majanees RNWDT SACCO LTD
Majanees RNWDT SACCO LTD emphasizes the importance of member deposits, which are essential for financial growth and loan qualifications. Established in 1976, the SACCO promotes a strong savings culture, empowering members through secure and beneficial financial practices.
Key Features
- Monthly Contributions: Members make non-withdrawable monthly deposits, fostering consistent saving habits.
- Loan Qualification: Deposits enable members to qualify for loans up to three times their saved amount.
- Security: Regulated by SASRA, ensuring the safety and prudent management of funds.
- Interest Earnings: Deposits earn interest, increasing their value over time.
Benefits
- Financial Empowerment: Regular savings provide a financial reserve for unexpected expenses and investments.
- Loan Accessibility: Members can access significant funds for various needs through loans.
- Savings Culture: Encourages disciplined savings, benefiting both individuals and the SACCO’s financial health.
- Community Support: Deposits contribute to a fund pool that supports member loans, fostering a supportive community.
How to Start
To join and start depositing:
- Eligibility: Open to individuals over 18 with good character.
- Documentation: Provide a Kenyan ID or passport, photos, and KRA PIN.
- Application: Complete the membership form and pay a Ksh 2000 registration fee.
- Monthly Deposits: Commit to a minimum of Ksh 1500 per month.
Summary
Member deposits at Majanees SACCO are a pathway to financial security and community support, offering both savings growth and loan accessibility. Join us to secure your financial future.