Page 3 - Sacco Star Issue 15
P. 3

“Creating opportunities for all”                            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. It’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.
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