Plans & Savings

Home

About Us

Loans

Plans & Savings

Membership & Forms

Gallery

FAQs

ARTS SACCO

Learn More About Plans & Savings

A well-crafted financial plan is the roadmap to your dreams. Let us help you navigate the path to financial success by saving a little today, which can lead to a lot tomorrow. Start small, dream big

"Our Creativity Our Capital" "Luso Lathu Chuma Chathu"

Savings

Members save with SACCO through the following ways

Shares are a long term savings vehicle refundable when a member leaves the SACCO
Minimum monthly contribution of redeemable shares is MK5,000
Once off contribution of non redeemable Shares of MK10,000

Savings deposits

Members may also make a range of savings deposits
Withdrawn on demand
Savings earns an attractive interest rate
Minimum monthly contribution of savings is MK2,000.00

Deposit Range

Ordinary deposits

Can be deposited & withdrawn at any time

Interest rate is 7% per annum

Fixed deposits

Fixed deposit for 3,6,9 or 12 months

Minimum deposit MK50,000.00

Interest rate is 10% per annum

Kangachepe Group Funeral Plan

Any SACCO member is eligible to be under Kangachepe Group Funeral cover.

To join a member is supposed to pay K2,000 per year and K1,000 for children. And also K2,000 per year for parents and parents in- law.

CIC shall provide a payment of K100,000 to a member or family member who is registered during the funeral.

Covered family allowed are spouse, parents, parent-in laws and natural or legally adopted children

No waiting period for accidental deaths. 2 months waiting period for pay outs for natural deaths

Our Financial Protection Plan

Arts SACCO offers this protection plan to all members to cover shares and loans

When a member dies all his or her shares are doubled and given to the beneficiaries. In addition, all outstanding loans are covered by insurance. Death by suicide is not covered by this plan