Page 3 - Sacco Star Issue 15
â€œCreating opportunities for allâ€ KUSCCO SASA ACCOUNT (KUSASA) As the voice and lobbyists for Savings and Credit Cooperatives in Kenya, we at KUSCCO have been at the forefront of efforts to form and develop strong and viable SACCOs. At KUSCCO, we believe in the strength of unity and have tailored products and services to benefit all the SACCOs and their members in Kenya. WHAT IS KUSASA? KUSCCO SACCO financing with flexible interest rates an avenue for accountability through monthly, SAVING ACCOUNTS and favorable repayment periods. quarterly and yearly accounts statements. This account helps youths who have KUSASA is at the forefront of the Central Finance been locked out by other financial 5. JUNIOR SAVERS ACCOUNT Fund Department conceptualized in 2004. At institutions with stringent leading policies This account serves as a bridge stone for your KUSASA, our goal is to be your single source of to establish themselves in the ever growing child to be an early saver. The guardian of the saving, investment and borrowing needs. KUSASA business world. child is solely responsible for the transactions of is committed to supporting the well-being of our the account. Itâ€™s never too early to start saving member SACCOs and their individual members, the for the future of your child and this account employees and the community at large. KUSASA provides the perfect savings guide. operates under the familiar principles of Front Office Service Activities (FOSA) in Athi River. We offer various products and services i.e: 1. ORDINARY INDIVIDUAL DEVELOPMENT 3. JOINT ACCOUNT ACCOUNT This account is for individuals who have come together in an aim of mobilizing savings geared This account is set for individuals who are to investments in the near future and are investment oriented and looking for cheaper looking for the best savings account. loan facilities with low interest rates. It is ideal for persons interested in purchasing land, boosting businesses, and purchase of household goods, construction of houses and other ventures. 2. VIJANAA YOUTH ENTREPRENEURSHIP 4. CHAMAA/GROUP/CORPORATE ACCOUNT 6. SPECIAL DEPOSIT ACCOUNTS ACCOUNT This account is based solely to promote the This product otherwise known as fixed deposit existence of registered groups and Chamas account in commercial banks is designed for This serves to motivate youths who are gearing both as a formidable savings scheme and an account holders (individuals, Corporate and up to become entrepreneurs with startup and ideal way of securing low interest loans for Groups) who have funds for specific projects existing business that require quick capital investment and also development. It provides and wish to earn interest pending utilization. 7. SACCO ADVANCED FACILITIES ACCOUNT There are many instances when account holders/SACCOs may have immediate temporary pressing problems. They shall be allowed to apply for mid- month advances for corporates that are paid within the month.