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Know About Our
Member Deposits Account
This is the monthly contribution made by a member against which they can access loans, guarantee loan and earn interest at the end of the year.
Requirement & Benefits
- √ Minimum monthly contribution is a Kshs 3,000.
- √ To earn rebates, MUST be an active member by end of the financial year.
- √ Gives members ability to guarantee and be guaranteed
- √ Ability to access loans in multiples of 3-4 times on one’s normal savings.
Know About the
Share Capital Account
This is a unit of ownership of the SACCO and members earn dividends on the same annually when declared. The Share Capital is not withdrawable and cannot be used to guarantee loans or used as multiplier to access loan but can be sold or transferred to an existing member upon one’s withdrawal from the SACCO.
Requirement & Benefits
- √ The minimum share capital is Kshs 40,000.
- √ Gives member ownership to the Sacco.
Know About the
Imara Savings
To enable members to save lumpsum amounts for a fixed period of time.
Requirement & Benefits
- √ The minimum initial savings is Kshs 2,000,000 on a/c opening.
- √ One can withdraw all savings and start afresh.
- √ No monthly charges.
- √ Fixed for an interval of 6 months.
- √ Member forfeits interest upon withdrawal before lapse of period.
- √ Earns Interest at the rate of 8.5% PA.
Know About the
Junior Savings
Junior Member Account is the Cutting edge account for future professionals offering. JUNIOR Savings Account is an affordable and convenient account that offers financial literacy to your little ones.
Requirement & Benefits
- √ For children under 18 years
- √ Withdrawals every 3 months.
- √ The minimum monthly savings is Kshs 1000 per month
- √ No monthly charges
- √ One can withdraw all savings and start afresh.
- √ Statements are sent monthly and accessible through the member portal at any time.
- √ Earns Interest at the rate of 8% PA.
Know About the
Jijenge Savings
To enable members save for seasonal events within the calendar year or periodically
Requirement & Benefits
- √ The minimum monthly savings is Kshs 1000 per month
- √ Withdrawable after 3 months.
- √ No monthly charges
- √ One can withdraw all savings and start afresh.
- √ Statements are sent monthly and accessible through the member portal at any time.
- √ Earns Interest at the rate of 8% PA.
Know About our
Chama/Group Savings
To enable members save for seasonal events within the calendar year or periodically
Requirement & Benefits
- √ Registration fee of Kshs 5000
- √ Share Capital of Kshs 50,000
- √ Monthly contributions of Kshs 5000
Eligibility to
Open Chama Savings Account
Eligibility parameters & documents required
to open a chama a/c.
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1
Application Form
Duly filled membership form
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2
Chama constitution & a/c opening minutes
Attach the group's constitution and the meeting minutes resolving to join BAT sacco
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3
Signatories Documents
2 coloured passport size photograph , copy of their KRA and Identification documents (ID or Passport) of authorized signatories.
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4
Group Certificate
Attach copy of group's registration certificate (where applicable).
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