Saving Schemes
Our Saving Scheme
We're dedicated to helping members secure their financial future through savings. Our Savings and Credit Cooperative (Sacco) encourages members to save a portion of their earnings and provides a borrowing mechanism. Each Sacco member must contribute a minimum of Kes. 2,000/-, forming their deposits. These deposits earn interest distributed after each Annual General Meeting (AGM). To promote saving, we have two Savings Schemes, one for members and one for their children. This helps instill a saving culture in future generations.
Our Savings Products
Saving is crucial for reaching your financial goals. At Kanisa SACCO, we offer two Savings Schemes: Jiokoe and Mwanangu (Children's) Savings.
Jiokoe Saving Scheme
Jiokoe Saving Scheme, an exclusive opportunity for members of Kanisa SACCO to take their savings to the next level. As a member you have the opportunity to participate in our Member’s Savings Scheme. Here’s how it works:
- Allows members to save with the Society in addition to the ordinary deposits
- Only members of Kanisa Sacco Society can join the scheme
- There is no entry fee for this scheme
- The minimum contribution per month is Kes. 1,000/=
- The minimum book balance shall be Kes. 500/= (which is only withdrawable when closing the account)
Mwanangu (Children's) Savings Scheme
At Kanisa SACCO, we foster early savings habits with our Mwanangu (Children’s) Savings Scheme, tailor-made for your kids, future Kanisa members. Here’s how it operates:
The scheme is exclusive to Society members’ children
The account is in the child’s name but under the parent/guardian’s custody
A copy of the child’s birth certificate must be provided and kept on record when opening the account
No minimum monthly contribution is required
Members must wait at least 1 year before withdrawing savings
The scheme guarantees a minimum 4% annual interest rate
Standard membership terms and conditions apply
Ready To Establish A Strong Financial Future?
Secure your financial tomorrow, starting today. Join Kanisa SACCO's Savings
Scheme and build a resilient foundation for your future
