Savings and Services

a) Savings Accounts
  • Savings, where deposits & withdrawals are made at any time. Interest on savings is paid annually at market rates.
  • To channel other payments as from farm proceeds hence qualify to apply for proceeds loans and advances.
  • Salaries can be channeled through this account thus; one can apply for Salary advances, Inua loan and Daraja loan.
  • Payment of BOSA & FOSA loans applied by members is done through this account.
  • This account serves Business Entities and Chequebooks can be issued on request.)

Requirements

  • National Identity Card.
  • Passport size photo taken free on opening of the account.
  • KRA Pin Certificate.
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b) Fixed Deposit Account
  • This is an account where deposit is made for a fixed period/term to earn an interest.
  • The Minimum balance is. Ksh.20,000 and minimum period is 1 month.
  • The interest is competitive and negotiable.

c) Parrot Account

  • Open for children aged between 1-18 years.
  • Minimum opening balance is Kshs.1,000.
  • Earns interest with a balance above Kshs.5,000.
  • Withdrawals limited to 3 times annually.
  • Accounts operation by parents or guardians.
  • No ledger fee.

d) FOSA Senior Citizen Account

This product is meant to cushion a member against the period when one has stopped receiving salary upon retirement.

  • One must have opened a FOSA account.
  • Monthly minimum contribution of Ksh.500.
  • Non-withdrawable deposit until retirement.
  • Earns an annual attractive interest rate.
e) Share Drive Account

This is a product whereby a member builds a non-withdrawable deposit.

  • Earns a predetermined annual interest rate of 20%.
  • After 5 years, the deposit will be transferred to the member’s share capital.
Our Services
  • M-Imarisha (Mobile banking)
  • Standing orders
  • Sale of Banker’s Cheques
  • SMS alerts
  • Sale of Banker’s Cheques
  • Call centre service- 24/7.
  • Cheque book
  • A.T.M banking.
  • M-Pesa.
  • HIF Contribution
  • Safe Custody
  • Prompt Salary Processing