Requirements

  • All persons interested MUST be bona fide members of the society by buying shares worth Ksh. 10,000 for category B or Ksh. 20,000 for category A.
  • The Groups must be registered with the Ministry of Culture and Society Services or the Registrar of Societies.

Features

  • Minimum account balance of Kshs.2,500
  • Share capital of Kshs. 10,000/=.
  • The Group to provide minutes authorizing the opening of the account, the names of the signatures and the mandate.
  • The Group to provide a current certificate of registration.
  • The account to earn interest at the prevailing market rates on savings accounts at the closure of the financial year.
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