Ukombozi Sacco Membership Requirements, Loans, Dividends, Shares,Paybill and Contacts

Below are important details about Ukombozi Sacco:

The requirements are as follows:

Individual Membership.

For all individuals the requirements are;

1. A copy of National ID.
2. 2 colored passport size photos.
3. Registration fee of Kshs. 1000.00/=.
4. A minimum monthly contribution of Kshs 1000.00/=

Institution Membership.

1. Duly filled membership application form.
2. Copies of National ID of the officials.
3. Colored passport size photos for the officials.
4. Minutes stating the agreement to join the Sacco.
5. Copy of the Institution registration certificate.
6. Registration fee of Kshs. 2000.00/=.
7. A minimum monthly contribution of Kshs 3000.00/=

Ordinary Savings (Deposits)

These are the normal deposit contributions to which on can get a loan through and meet the below requirements;

1. Monthly Minimum contribution of Kshs 1000.00/=(Broken down to Ksh 100 on daily contributions through the Paybill 821945).
2. Earn high returns on deposits yearly.
3. Deposits help secure loans on a multiplier of times three(*3).

Travel Savings.

The Holiday Travel/tours both locally and abroad organized by the Society or
individual travel tours.

1. Savings account for international & Local traveling organized by the Society.
2. Withdraw-able multiple times in a year.
3. Visa facilitation to guest countries for tours planned by the society.

Benevolent Savings.

It’s a financial assistance given upon death of a principal member, spouse, or dependant under 18 years. The terms include:

1. Duly filled Benevolent form.
2. Only Active Members will benefit.
3. Annual contributions are made to the fund.
4. Only claims made during the covered year are considered.
5. The new member’s waiting period is one year.
6. Benefits shall be as below:
   a) Death of Principal Contributor – KShs. 100,000.
   b) Death of Spouse of Principal Contributor – KShs. 50,000.
   c) Death of a dependant under 18 years – KShs. 25,000.

Jenga Junior Savings.

A children savings account with minimum savings of Kshs 300/= and Withdraw-able 3 times a year. Earn high yielding returns on a yearly basis with these simple requirements:

1.  Parent/ Guardian must be a member.
2. A copy of the Child’s Birth Certificate / Notification.
3. Age: 0-17 Years.

Christmas Savings.

Member saves any amount throughout the year withdrawal only once.

1. Savings account for Christmas Festivities.
2. Withdraw-able at the end of the year.
3. Earn high returns on Christmas savings yearly.

Making Savings Contributions Using

Mobile Banking.

Using Mobile Services you can be able to make your contributions by dialing the USSD code *346# and selecting the specific saving account. You can also make your contributions using Ukombozi Paybill Number 821945 and simply adding the keywords to your account number e.g making a Deposit payment, use the keyword DP

Using Membership Number      XXXXXXX#DP

Mobile Banking Savings

Shortcodes

Product Description	Short Code
Registration Fee Account	RE
Deposit Contribution Account	DP
Share capital Account	SH
Jenga Junior account	JJ
Christmas Account	CS
Travel Savings Account	TR
Benevolent Account	BN

DEVELOPMENT LOAN

This product is  for  asset financing, development projects with the following loan features:

• Payable within 12 to 36 months.
• 3 times your deposits.
• An interest rate of 1% per month.
• Loan processed within two weeks.

EMERGENCY LOAN

A product meant to sort all your emergencies such as hospital/medical bills and other personal emergencies.

• Interest rate 1.25% per month.
• The repayment period is twelve (12) months.
• Loan processing within 48 hours.
• Bankers Cheque issued.

INSURANCE LOAN

A product providing our clients with comprehensive and third parties motor vehicle Insurance covers (partnership with CIC).

• Interest rate 1.25% per month.
• The repayment period is twelve (12) months.
• Loan processed within 48hours.

Premium Loan

The product is ideal for premium members.

• Collateral can be attached to the loan.
• Payable within 12 to 48 months.
• 3 times your deposits.
• An interest rate of 1% per month.
• Loan processed within four weeks.

BIASHARA LOAN

A product ideal for business clients which we encourage to save to increase on capital.

• Repayment within 18 months (max.)
• 3 times your deposits.
• An interest rate of 1% per month.
• Loan processed within two weeks.

SCHOOL FEES LOAN

The product is ideal for school fee payments to any learning institution be it Primary, Secondary, and Tertiary institutions.

• Interest rate 1.25% per month.
• The repayment period is twelve (12) months.
• Loan processing within 48 hours.
• Bankers Cheque issued to the Institution.

ELECTRONIC GADGETS LOAN

This product meant to help clients to meet all electronic needs from any credible retailer of electronics. Get a quotation and we will fund you.

• Interest rate 1.25% per month.
• The repayment period is twelve (12) months.
• Loan processing within 48 hours.
• Attach quotations, invoices, etc.

Organization Premium Loan

This product is meant for churches and other institutions.

• Collateral can be attached to the loan.
• Payable within 12 to 48 months.
• 3 times your deposits.
• An interest rate of 1% per month.
• Loan processed within four weeks.

Making Loan Payments Using

Mobile Banking.

Ukombozi Mobile banking allows you to make loan repayments directly to our facilities by using the USSD code *346# or by adding the below shortcodes to your account number when using the pay bill number 821945. The shortcode depends on the loan repayment you are making e.g if you are to repaying a development loan then your account number should be;

Using membership number : XXXXXXX#DEV 

Mobile Banking Loan A/C

Short-Codes

Product Description	Short Code
Development Loan	DEV
Emergency Loan	EME
School Fees Loan	SCH
Biashara Loan	BIA
Electronic Gadget Loan	ELE
Insurance loan	INS
Organization Development loan	DEVC
Organization Premium Loan	PREC
Premium Loan	PRE

Organization Development Loan

This product is meant for churches and other institutions.

• Collateral can be attached to the loan.
• Payable within 12 to 36 months.
• 3 times your deposits.
• An interest rate of 1% per month.
• Loan processed within four weeks.

kombozi Sacco offers its valued clients a vast range of mobile services and products. The mobile services offer our clients the convenience to transact and monitor their accounts, providing a real-time hands-on approach to banking. The service and products offered include but not limited to;

Mobile Banking.

Short-Codes

Use the shortcodes below to make mobile payments to your specific accounts with the Account number reading as follows;

Member No. # MSL i.e (XXXXXXX#MSL)

Mobile Banking Registration

Ukombozi Sacco mobile banking services and products are available to all it client, and by following the simple steps below one can be registered;

STEP 1. Visit or Call your nearest office to get registered or just dial *346*6# for self-registration to the Mobile service.
STEP 2. You will receive an SMS with the login credentials.
STEP 3. Dial *346# to effect savings and loan transactions at your convenience.

Making Mobile Payment Procedure.

Via Paybill 821945

Using Ukombozi Sacco Paybill 821945 one can be able to make payments through the Sim tool kit by following the following steps;

1.Get to Sim Tool Kit
2. Choose Lipa Na M-PESA.
3. Select Paybill Option
4. Enter Business Number 821945
5. Enter Account Number as follows;
Member No. #MSL i.e (XXXXXXX#MSL )
6. Enter Amount to pay and complete with your secret pin

M-Kombozi Instant loan.

M-Kombozi Loan (MSL) empowers members who have an emergency or an urgent matter that needs a quick fix by applying for an MSL Loan through the process below;

1. Dialing the USSD code *346#
2. Choosing option 2. Loan request.
3. Choosing option 1. M-Kombozi Loan.
4. Enter the amount you need.

This instant loan product has a low unbeatable interest rate and a repayment period of 1 month.

M-Kombozi loan Payment Procedure.

Via USSD *346#

M-Kombozi instant Loan repayment using the USSD code *346# can be made by following these simple procedures.

1. Dial USSD code *346#
2. Choose Option 3. Loan Repayment.
3. Select Option 1. Loan.
4. Select The Loan Type To Pay.
5. Enter Option 1 M-Pesa.
6. Enter Amount and press the SEND button.
7. Select Option 1 to Confirm.
8. A pop-up prompt will request your M-Pesa secret pin to complete the transaction.

Product Description	Short Code
Registration Fee Account	RE
Deposit Contribution Account	DP
Share capital Account	SH
Jenga Junior account	JJ
Christmas Account	CS
Travel Savings Account	TR
Benevolent Account	BN
Development Loan	DEV
Emergency Loan	EME
School Fees Loan	SCH
Biashara Loan	BIA
Electronic Gadget Loan	ELE
Insurance loan	INS
Organization Development loan	DEVC
Organization Premium Loan	PREC
Premium Loan	PRE

Paybill Number:821945

Sim Tool Kit

This mode of payment is available to all through the usual sim tool kit.

To make payments, follow the procedure below;

1. Go to your M-Pesa account and select the pay bill option.
2.  Enter our business number 821945.
3. Enter your membership number#shortcode or  ID number#shortcode as the account number depending on the payment you intend on making. To reference the shortcodes kindly click here.
4. Enter the amount you intend to contribute and press next to finish up
5. you will receive an SMS confirming your deposit to Ukombozi Sacco LTD.

USSD Option

This mode of payment is available to all clients who have registered to our Mobile banking USSD code *346#. For those who have not registered, they can self-register by dialing the USSD *346*6# and follow the steps to register.

To all those who are registered, they can follow the procedure below;

1. Dail the USSD code *346#.
2. Enter your secret PIN. (If one has forgotten their pin they can request for a reset by sending an email to the Sacco or login to the members portal and raising a case. N.B quote ID Number.)
3. Choose option number 3. Make Payments.

NB: No Cash Payments in our Offices

Head office Contacts

Deliverance Church LCC,
Kariba Road-FreeHold.
P.O.Box 2758-20100
Nakuru.
+254 719312307 /
+254 737035736
info@ukombozisacco.com

Shares:

• The amount representing a member’s portion in the equity of the society as a co-owner.
• No member other than a Cooperative Society shall hold more than one-fifth (1/5) of the total shares.
• Shares are not used to determine the eligibility of a borrower or a guarantor.
• Shares are not withdrawable but are transferable.

Deposits

• Every member must make regular deposits towards deposits in accordance with Savings and loan policies.
• These deposits may be used to determine the eligibility of a borrower or a guarantor.

Savings

Jenga Junior Saving.

In addition to shares and deposits, a member may invest in a saving account. The Sacco provides the following savings products

Christmas Savings.