Friday, 15 December 2017

Tel: 0202356669/70 | Mob:+254-721564136 | info@fundilimasacco.co.ke

Fosa Products

Family Savings Account

This is a product targeting savings by members of a family for any purpose ranging from common pooling for investment, holiday etc. The requirements are:-Two colour passport size photographs

  1. Photocopy of I.D. or other valid identification documents.
  2. an opening fee of Ksh.500
  3. Minimum monthly savings of Kshs.500.
  4. Minimum interest earning balance Kshs.5,000

Holiday and Christmas Account

The requirements for this account are:-

  1. Two colour passport size photographs.
  2. Photocopy of I.D. or other valid identification documents.
  3. Minimum opening balance Kshs.500.
  4. Minimum interest earning balance Kshs.5,000.
  5. There will be no charges on these accounts.
  6. Money accumulated in these accounts will be withdrawable only once at the end of the year.
  7. An interest of 5% per annum shall be paid on balances of not less than Kshs.5,000 calculated at the end of the year.

Junior Account

The Junior Account is a product targeting young savers. The requirements are:-,

  1. Photocopy of parent/guardian ID or other valid identification documents.
  2. Birth certificate/birth notification card of the child.
  3. Two colour passport size photographs of the child.
  4. Minimum interest earning balance Kshs.5,000.
  5. Money accumulated in these accounts will be withdrawable only thrice within the year i.e. January,May and September.
  6. An interest of 5% per annum shall be paid on balances of not less than Kshs.5,000 calculated at the end of the year.

Medical Account

The medical account is meant for individuals who may wish to save in order to take care of the medical bills when they arise. The requirements include:-

  1. Two colour passport size photographs.
  2. Photocopy of I.D. or other valid identification documents.
  3. Minimum opening balance of Ksh.500.
  4. Minimum interest earning balance Kshs.5,000.
  5. Money accumulated in these accounts will be withdrawable on need basis.
  6. An interest of 5% per annum shall be paid on balances of not less than Kshs.5,000 calculated at the end of the year.

Education Account

The account targets members and individuals who may wish to save for their school or college fees needs.

The requirements are the same as medical account. The aim is to encourage saving culture among parents for their children’s future education needs.

Ordinary Savings Account

This is an account open to anybody who wishes to save any extra money that comes your way for a rainy day. The requirements are as follows:-

  1. Two colour passport size photographs.
  2. Photocopy of I.D. or other valid identification documents.
  3. Signatures specimen.
  4. Minimum opening balance Kshs. 500.
  5. Minimum interest earning balance Kshs. 5,000.
  6. There will be withdrawal charges on these accounts.
  7. Money accumulated in these accounts will be withdrawableon need basis.
  8. An interest of 5% per annum shall be paid on balances of not less than Kshs. 5,000 calculated at the end of the year.

Corporate/Welfare Groups Savings Accounts

This comprises of corporate, welfare, youth, women groups, schools, churches,non-profit making organizations among others that wish to open savings accounts.
The requirements are as follows:-

  1. Minutes of the corporate/welfare groups authorizing opening of a savings a/c.
  2. Introduction Letters.
  3. Copy of the Constitution.
  4. Copy of Certificate of registration.
  5. Two passport size photographs for each signatory.
  6. An opening fee of Kshs.500.
  7. Minimum interest earning balance Kshs.5,000.

It is important to note that members who do not have a common bond with Fundilima SACCO Ltd. require one referee who must be a genuine (bona fide) SACCO member.

Fixed Deposit Account

The requirements are:-                                                          

  1. Minimum opening balance is Kshs.30,000.
  2. Minimum period before any withdrawal is 3 (three) months.
  3. Interest rate payable is negotiable pegged on 91-daystreasury bills interest rate.

Junior Savings Account

The minimum opening balance is Kshs.250. There will be absolutely no charges on this account if no withdrawal is made. Annual events such as trips for savers may be offered where a Saver saved Kshs.15,000. Money accumulated in this accounts may be used to give advances to the members at reasonable rates. There is need to publicize this accounts in neighboring towns and shopping centers

Business Account

This is an account designed to encourage saving culture by people operating small business. The Minimum opening balance is Kshs.3,000. No limits on withdrawals and frequency. Account holders shall be provided with cheque books and ATM Card. Individual or group of people who are in the same business can operate the account.

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About Us

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Mission Statement

To mobilize savings, formulate policies and apply prudent management that will enhance members/stakeholders economic development within the competitive environment

Vision

 “The best managed SACCO offering quality products and services to the satisfaction of members and stakeholders”.

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Contact Us

For more details about the products of the society:

FUNDILIMA SACCO LTD
P.O.Box 62000—00200, Nairobi.
Tel: 067-52311, 020-2356669 / 70
Mobile: 0721-564136

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