Page 29 - Sacco Star Issue 15
VISION SACCO NEWS To be a leading financial institution providing Members of NewFortis SACCO following proceedings during their Annual General Meeting efficient and competitive products and services in Kenya. NEWFORTIS SACCO PRODUCTS AND SERVICES MISSION The main objective of the SACCO is to facilitate savings and offer loans to members. To enhance customers confidence and sustain their economic development through prudent FOSA BANKING SECTION management and innovation at competitive rates to attain objectives and aspirations. â€¢ Savings Accounts: open to all members â€¢ Fixed Deposit Account: minimum amount that can be fixed is Ksh. ADDRESS 30,000 NewFortis SACCO â€¢ Preferential Loan: for members who capitalize their dividends P.O. Box 1939 - 10100 Nyeri â€¢ Emergency Loans: for unexpected cash needs, members can borrow up Tel: (061) 2034282 / (061) 2034287 Email: email@example.com to Ksh. 60,000 Website: www.newfortissacco.com â€¢ Salary Advance: payable within 12 months at an interest rate of 0.83% the members can pay their bills, transfer and P.A. receive money at the convenience of their â€¢ Mwalimu Special Package: repayable within 24 months, interest rate at mobile phone. 0.0625% per month NewFortis SACCO in targeting member growth through financial inclusion and BOSA LOAN SECTION development, has endeavoured to implement value-chain approach to ensure â€¢ Development Loan: for financing tangible assets and projects of the mutual benefits for all chain stakeholders members while mitigating the risk of financial operations. This includes identifying â€¢ School Fees Loan: for membersâ€™ school fees and repayable within 12 potential financial needs, increasing the months at an interest rate of 0.054% per month. capability of members through financial training and enabling higher savings from SACCO members while monitoring and evaluating performance. These activities have increased loan capacity, improved service delivery to members and led to development of new and innovative products and services like micro-credit loans which are to benefit groups, institutions and individual business people. Chairman NewFortis, Mr. John Githinji Devolution Cabinet Secretary Hon. Mwangi NewFortis SACCO C.E.O Mr. John Mathinji SACCO reading his speech during the AGM Kiunjuri giving his remarks during the NewFortis 27| SACCO Star Magazine SACCO AGM.