DEPOSIT QUERIES

What is minimum contribution? The minimum contribution is Ksh 1,600 per month. What is the difference between deposits and shares? Deposits are the monthly contributions a member pay towards the Sacco. This can be used as either security to members loans or guarantee six other members. Interest is earned on [...]

MEMBERSHIP QUERIES

Who is legible to join the Sacco? Members of ICPAK and employees of practicing accountants A registered ICPAK member with non-practicing certificate Fully qualified accountants who are not members of ICPAK Employees of institutions that offer accountancy training Members of ICSK and their employees Spouses and children of Mhasibu members[.....]

DIVIDEND QUERIES?

Am I entitled to dividends? Yes, the Sacco pays dividends and interests  (Interest on deposit and dividends on share capital) every year to all the members who had balances in deposits and share capital for the financial year ended. What do I need to do to get my dividends? You[…..]

MODES OF PAYMENT QUERIES

How can I make my payments to the Sacco? The Sacco offers the following modes of payments; Mpesa - Click to See procedure. Standing orders – please indicate your membership number on instruction form Deposit slips- make payments to our bank accounts then present the banking slips Cheque payment done at[.....]

GUARANTORSHIP AND LOAN SECURITY QUERIES

Do I need a guarantor if my loan application is equivalent to my deposits? No, you do not need a guarantor. If the loan applied does not exceed your deposits. If your deposits are not attached to any loan. How many guarantors do I need? The Sacco has no minimum[.....]

LOAN QUERIES

When do I qualify to take a loan? You qualify to take a loan after six months of consistent contribution of the monthly minimum requirement of KES 1,600 per month What is the maximum loan limit I am entitled to? You are entitled to a maximum loan equivalent to four[.....]

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