Below are contact details for Mikebe Sacco, Loans details ,paybill and how to join the Sacco:
Mikebe Sacco membership is open to employees of Nampak and Bullpak Kenya LTD, Spouses of Members, Children above 18 years and Individuals introduced by Sacco members admitted as per the Sacco’s By-laws. The Sacco currently has 251 active members in the Back Office Service Activity.
REQUIREMENTS: INDIVIDUAL MEMBERSHIP
1.Complete both membership application form and nomination form.
2. Attach a copy of National Identification card, personal identification number and a passport photo.
3. Membership fees is Kshs.1,500.
4. Minimum monthly deposit contribution is Kshs. 2,000.00
5. Minimum Share Capital is 1,000 shares equity @ Kshs.20 equal to Kshs.20,000 (To pay within 12 months or equivalent to Kshs. 1,667 per month)
6. Pay Kshs 300 for a membership card.
7. Qualification for a loan is after 6 Months of consistent saving.
8. Monthly Contributions acceptable through any mode of payment i.e. Standing Orders, Payroll Deductions from employer, Bank deposit slip, Over the counter deposits & M-Pesa.
Sacco Exit
Should a member wish to withdraw from the Sacco the exit procedure is as below:
1. Tender a 60 days’ notice and fill an exit form.
2. If you are a member withdrawing from the society and have guaranteed, the guarantor should find an alternative guarantor replacement.
3. Transfer share capital to an existing member.
4. Return membership card.
Normal Loan
-Loan shall not exceed three (3) times members’ deposits received by the Society.
-The rate of interest shall be 1% per month reducing balance.
-Repayment period shall not exceed 36 months (3 years).
-The nature of development must be clearly specified on the application form
Clear ‘n’ Refinance Loan
-This shall be used to clear all types of loans offered by the Society.
-Loan repayment period shall not exceed three (3) times members’ deposits received by the Society
-The interest rate applicable for this loan type shall be 1% per month on a reducing balance.
-A commission of not more than 10% shall be charged on the loan balance being cleared.
-Repayment period shall not exceed 36 months (3 years).
Refinance Loan
-The loan shall be repaid within the remaining period of the Normal/Clear ‘n’ Refinance Loan.
-The loan shall attract an interest rate of 1% per month on a reducing balance.
Special Loan
-Maximum repayment period is 24 months.
-Interest rate at 1% per month on reducing balance.
– Cheque to be drawn to the vendor where applicable. Requires a proforma invoice.
Education Loan
-The rate of interest shall be 1% per month on a reducing balance.
-Repayment period shall not exceed 12 months.
-The cheque shall be drawn to school/institution where applicable and necessary.
Short Term loan
-The maximum granted shall not exceed Ksh.100, 000 (One hundred thousand only)
-Repayment period shall not exceed five (5) months
-The rate of interest shall be 5% per month on a reducing balance.
How do I make my monthly deposits and shares contribution?
M-Pesa Paybill No 665679 Account No-M/No
Co-Operative bank Paybill No 400222 Account No-103026#M/No
Co-operative bank Account no 01120279679100.
Family Bank Account number 032000009517.
Open Hours:
Mon – Fri: 7.30 Am – 5 Pm,
Saturday:CLOSED
Sunday: CLOSED
Contacts
info@mikebesacco.co.ke
mikebesacco@gmail.com
Factory Road,Industrial Road Thika Town, Nairobi,Kenya
0202121349 | 0745 735 783
