Join The Customer Care WhatsApp Group- Why SACCO membership is better than bank's?
- In most instances, SACCOs offer more favorable loan terms than banks. This is due to the fact that their loans have lower interest rates and more flexible repayment options. This is because ...
- Why is SACCO Membership important?
- We give our members dividends on their savings. Dividends depend on the profits made thus the more the savings, the more the dividends you get.
- What are the benefits of SACCO Membership?
- Savings and Credit Cooperative Organizations (SACCOs) are a beacon of financial empowerment, offering a multitude of benefits to individuals seeking a secure and prosperous financial future....
- Why do I need SACCO membership?
- Solidarity, community, collaboration. These are what society need when a country’s economy is strongly affected by a global pandemic. Lockdown restrictions and the resulting economic shoc...
- Do I really need life insurance?
- A simple way to answer this is by asking: “Do I have anyone dependent on my salary to sustain their standard of living?” In other words, if you were to pass, would those still alive hav...
- What is Life Insurance?
- A simple way to answer this is by asking: “Do I have anyone dependent on my salary to sustain their standard of living?” In other words, if you were to pass, would those still alive hav...
- What is a Dividend?
- A share of the surplus of the society, which is divided amongst its members, based on the Sacco's profitability and a member’s shareholding percentage.
- Can I withdraw my Shares?
- NO! Shares cannot be withdrawn once purchased. However, they are transferrable (sold) to another member.
- Can I transfer my Shares or deposits to another member?
- Yes. As a member, all you need to do is instruct the society in writing to transfer your deposits to another member, giving full details of the transfer such as the cash amounts and the SAC...
- What is Share capital?
- The total amount of money directed towards buying individual or group shares.
- What’s a SACCO?
- A SACCO stands for Savings and Credit Cooperative which is a special type of co-operative offering financial services with a primary focus on mobilization of funds and provision of affordab...
- Account Opening Documents
- As per regulations, we are required to know our customers (KYC). We therefore will need you to submit your documents in order to have your account verified and limits lifted off from it. T...
- What are the benefits of SACCO Membership?
- Savings and Credit Cooperative Organizations (SACCOs) are a beacon of financial empowerment, offering a multitude of benefits to individuals seeking a secure and prosperous financial future....
- How to change your password
- There are two ways through which you can be able to trigger a password reset through the system. You can either do so before logging in to your Tusitukire Wamu Katabi Sacco account by usi...
- Why do I need SACCO membership?
- Solidarity, community, collaboration. These are what society need when a country’s economy is strongly affected by a global pandemic. Lockdown restrictions and the resulting economic shoc...
