FAQ

Majanees SACCO offers a variety of financial products and services, including savings accounts, several types of loans (development, emergency, school fees, agricultural, etc.), and special products for groups and new members.

Anyone over the age of 18, with good character and sound mind, can join Majanees SACCO. This includes individuals, Chamas, corporates, and smaller Saccos.

Members benefit from a variety of financial products and services, access to loans at competitive interest rates, the opportunity to earn interest on deposits, and the security of being part of a SASRA-regulated institution.

Majanees SACCO offers:

• Member Deposits: Monthly contributions that are non-withdrawable unless exiting the SACCO, and form the basis for loan qualifications.
• Savings Account: No minimum contributions required, withdrawals allowed once per year, earning 3% interest per annum.

Majanees SACCO offers several types of loans, including:

• Normal/Development Loan
• Refinancing Loan
• Bridging Loan
• Emergency Loan
• School Fees Loan
• Mobile Loan/Instant Loan
• Term Contract Loan
• College Loan
• Special College Loan
• Agricultural Loan
• Karibu Sana Loans (for new members)
• Group/Chama Loans
• Boosting Facility