Availability of mobile banking (Mjisort)

Dear Member,

We are pleased to announce that MJisort loan is now available. Mjisort loan is a mobile credit product that allows you to borrow and repay a loan through the mobile phone.
 

FEATURES OF MJISORT LOAN 

  • To qualify one must have been an active member for at least 1 (one) month
  • A member qualifies for mobile loan of up to 80% of his/her deposits subject to a maximum of Kes 50,000. However, to qualify for an amount higher than 20,000, a member should have free deposits equivalent to the amount applied for.
  • In case of default in repayment, interest will be charged at 7% on the total outstanding balance every 30th day. The loan will attract 10% penalty on the 90th day.
  • The Sacco will proceed to recover total amount in default plus penalty, from member’s share deposit on the 91st day.
  • A defaulter is disqualified from taking another MJisort loan for one month. He/she must also have paid an equal amount of what the Sacco will have recovered from his/her share deposits on default.
  • Repayment period is 30 days.
  • A member can only have one running Mjisort loan at any given time.
  • A member borrowing this loan should not have arrears in other existing BOSA loans.

 

HOW TO ACCESS MJISORT MOBILE LOAN

  1. USSD CODE OPTION
  • Dial
    *670# on your mobile phone and select option 4 Mjisort loan follow the
    instructions/prompts. When successful, the loan will be credited to your
    Mpesa account.
  1. MJISORT APP OPTION
  • Search Mjisort App on Play Store
  • Open
    the App and under the loan options, select loans options. Follow the
    instructions/prompts. When successful, the loan will be credited to your
    Mpesa Account.

 

REPAYMENT OPTIONS

Repayment of the Mjisort loan can be done on either USSD, Mjisort App or the Sacco Paybill 194740. To access the services, you must have filled and submitted the Mobile Banking Application Form  as per the circular sent on 1st Feb 2023. If you have not, download the form below, fill and submit the form to our office for account activation.

 

We hope you will be pleased with this new service.

 

For more information, do not hesitate to contact the office.

 

Thank you.

 

Philip Muchiri

Hon. Secretary

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NOTICE OF THE ANNUAL GENERAL MEETING Notice is hereby given that the 40th Annual General Meeting of the members of Kentours Regulated Non-WDT Sacco Society Ltd will be held at the Tin Tin Restaurant (Kenyatta International Convention Centre), Nairobi on Saturday 23rd March 2024 starting 9.00 am.   AGENDA  Read the Notice convening the meeting. Confirmation of Minutes of the last AGM and matters

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Availability of mobile banking (Mjisort)

Dear Member, We are pleased to announce that MJisort loan is now available. Mjisort loan is a mobile credit product that allows you to borrow and repay a loan through the mobile phone.   FEATURES OF MJISORT LOAN  To qualify one must have been an active member for at least 1 (one) month A member qualifies for mobile loan of up to 80% of his/her

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Dear Member, RE: DIVIDEND ADVANCE We wish to inform you that you can now apply for Dividend Advance up to a maximum of 50% of the expected dividend. The interest charge on the dividend advance is 5% which together with the amount advanced is recoverable from the final dividend. The calculation of the dividend will be based on a Weighted Average Rate. Members in

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M-Jisort Mobile Platform Registration

Dear Member, RE: M-JISORT MOBILE PLATFORM We are pleased to announce that our mobile banking services, M-Jisort will soon be rolled out. The platform will be available on both Android by downloading from the Playstore and also through USSD code *670#. With M-Jisort, members will be able to: View mini statements View account balances (share capital, deposits and loan balances) Deposit Funds (To share

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Notice of the Annual General Meeting 2024

NOTICE OF THE ANNUAL GENERAL MEETING Notice is hereby given that the 40th Annual General Meeting of the members of Kentours Regulated Non-WDT Sacco Society Ltd will be held at the Tin Tin Restaurant (Kenyatta International Convention Centre), Nairobi on Saturday 23rd March 2024 starting 9.00 am.   AGENDA  Read the Notice convening the meeting. Confirmation of Minutes of the last AGM and matters

Read More »

Availability of mobile banking (Mjisort)

Dear Member, We are pleased to announce that MJisort loan is now available. Mjisort loan is a mobile credit product that allows you to borrow and repay a loan through the mobile phone.   FEATURES OF MJISORT LOAN  To qualify one must have been an active member for at least 1 (one) month A member qualifies for mobile loan of up to 80% of his/her

Read More »

Expansion Of Membership Common Bond

Dear Member, RE:EXPANSION OF MEMBERSHIP COMMON BONDFurther to the resolutions made in the Annual General Meeting held on 26th March 2022, the Board has reviewed the current common bond model to allow those not within the hospitality industry to become members of the Sacco either as individual or group/institutional contributors. This will allow the Sacco to tap into new opportunities while reducing over-reliance on

Read More »

Dividend Advance

Dear Member, RE: DIVIDEND ADVANCE We wish to inform you that you can now apply for Dividend Advance up to a maximum of 50% of the expected dividend. The interest charge on the dividend advance is 5% which together with the amount advanced is recoverable from the final dividend. The calculation of the dividend will be based on a Weighted Average Rate. Members in

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Dear Member, RE: M-JISORT MOBILE PLATFORM We are pleased to announce that our mobile banking services, M-Jisort will soon be rolled out. The platform will be available on both Android by downloading from the Playstore and also through USSD code *670#. With M-Jisort, members will be able to: View mini statements View account balances (share capital, deposits and loan balances) Deposit Funds (To share

Read More »