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MicroCredit Membership

CATEGORIES FOR MICROCREDIT MEMBERSHIP (CLASS B MEMBERS)


a) Individuals

Individuals with stable salaried income from informal sector
Individuals in business

Groups

Groups of 5 -20 members

c) Corporate clients/companies

who have signed memorandum of understanding with the sacco to enable their staff to access savings and credit facilities from the sacco

MICRO SAVINGS ACCOUNT

  • VISA branded ATM for withdrawal of savings or loans from the SACCO
  • Cash withdrawal/deposit at NAFAKA FOSA at convenient times
  • Cash withdrawal/deposit at either Nafaka agents or Coop Kwa Jirani agents
  • Mobile banking through the sacco APP, USSD and borrowing

BOSA CLASS B SHARES

  • This account determines the worth of every member of the society. A class B member is expected to hold at least 500 shares of Kshs.20 or more as may be determined by Annual Delegates meeting.
  • The shares are non-withdrawable but are transferable, the shares convert into handsome annual dividends.
  • Group share capital is Kshs. 10,000/= (i.e. 500 shares of Kshs. 20) for each group (Members to purchase shares for the group)

Contact Info

P.O. BOX: 30586- 00100, Nairobi. NCPB Nairobi Grain silos Complex, Donholm,Nairobi, Kenya. Off Outering Road. TELEPHONE: 0728102039 / 0737479373

EMAIL: info@nafakasacco.co.ke or nafakasacco@yahoo.com

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Nafaka Sacco Society Limited.    All rights reserved 2020