Dear Member,
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
- 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.
- 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
NOTICE OF THE ANNUAL GENERAL MEETING 2025
Dear Member, RE: NOTICE OF THE ANNUAL GENERAL MEETING Notice is hereby given that the 41st 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 22nd March 2025 starting 9.00 am. AGENDA Read the Notice convening the meeting. Confirmation of Minutes of the last
REVIEW OF TERMS OF DEPOSITS BOOSTING FACILITY
Dear Member, RE: REVIEW OF TERMS OF DEPOSITS BOOSTING FACILITY Our Sacco Deposits Boosting Facility allows members to borrow from the Sacco up to 100% of their deposits in order to qualify for desired loan amounts. This is subject to a maximum of Ksh.200,000 and a fee of 5%. Apart from the lumpsum deposits paid through this facility and the payroll system,
INSTITUTIONAL MEMBERSHIP REQUIREMENTS
Dear Member, RE: INSTITUTIONAL MEMBERSHIP REQUIREMENTS. Kentours Sacco admits the following institutions/groups as members of the Sacco: Registered Investment Clubs (Chamas), Corporates, Registered Community Groups, Self-help/Welfare Groups, Residents Associations, Trade / Professional Associations, Sports/members Clubs, and Churches. In order to continue enjoying the tax incentives available to Saccos, the Income Tax laws require all the members forming such institutions/groups to be members of
INCENTIVES ON RECRUITMENT OF NEW MEMBERS
Dear Member, RE: INCENTIVES ON RECRUITMENT OF NEW MEMBERS We wish to inform you that Kentours Sacco membership recruitment drive is open. Anyone who recruits a new member to the Sacco will be paid an incentive as follows: Membership Category Minimum Members/Groups Compensation per New Member/Group Individual Members 1 Member Ksh. 1,000 per new member Registered Groups/Institutions 1 Group/Institution Ksh. 3,000
RESOLUTIONS PASSED IN THE ANNUAL GENERAL MEETING ON 23RD MARCH 2024
Dear Member, RE: RESOLUTIONS PASSED IN THE ANNUAL GENERAL MEETING ON 23RD MARCH 2024 We would like to appreciate your participation during our Annual General Meeting that was held at Tin Tin Restaurant, Nairobi on Saturday 23rd March 2024. The following are the resolutions that were passed in the said meeting: Review of Maximum Loan to MembersThe AGM reviewed the maximum loan a member can
RECONSTITUTION OF BOARD & SUPERVISORY COMMITTEES
Dear Member, RE: RECONSTITUTION OF BOARD & SUPERVISORY COMMITTEES We wish to inform you of the reconstitution of Board and Supervisory Committees as follows: – Board Positions Chairman: Joseph KagemaVice- Chair: Edwin OmondiTreasurer: Lilian Weru Hon. Secretary: Philip Muchiri Administration & Finance Committee Chairperson: Lilian WeruSecretary: Philip MuchiriMember: Edwin Omondi Credit & Risk Management Committee Chairman: John Ng’ang’aSecretary: Bernard
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NOTICE OF THE ANNUAL GENERAL MEETING 2025
Dear Member, RE: NOTICE OF THE ANNUAL GENERAL MEETING Notice is hereby given that the 41st 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 22nd March 2025 starting 9.00 am. AGENDA Read the Notice convening the meeting. Confirmation of Minutes of the last
REVIEW OF TERMS OF DEPOSITS BOOSTING FACILITY
Dear Member, RE: REVIEW OF TERMS OF DEPOSITS BOOSTING FACILITY Our Sacco Deposits Boosting Facility allows members to borrow from the Sacco up to 100% of their deposits in order to qualify for desired loan amounts. This is subject to a maximum of Ksh.200,000 and a fee of 5%. Apart from the lumpsum deposits paid through this facility and the payroll system,
INSTITUTIONAL MEMBERSHIP REQUIREMENTS
Dear Member, RE: INSTITUTIONAL MEMBERSHIP REQUIREMENTS. Kentours Sacco admits the following institutions/groups as members of the Sacco: Registered Investment Clubs (Chamas), Corporates, Registered Community Groups, Self-help/Welfare Groups, Residents Associations, Trade / Professional Associations, Sports/members Clubs, and Churches. In order to continue enjoying the tax incentives available to Saccos, the Income Tax laws require all the members forming such institutions/groups to be members of
INCENTIVES ON RECRUITMENT OF NEW MEMBERS
Dear Member, RE: INCENTIVES ON RECRUITMENT OF NEW MEMBERS We wish to inform you that Kentours Sacco membership recruitment drive is open. Anyone who recruits a new member to the Sacco will be paid an incentive as follows: Membership Category Minimum Members/Groups Compensation per New Member/Group Individual Members 1 Member Ksh. 1,000 per new member Registered Groups/Institutions 1 Group/Institution Ksh. 3,000
RESOLUTIONS PASSED IN THE ANNUAL GENERAL MEETING ON 23RD MARCH 2024
Dear Member, RE: RESOLUTIONS PASSED IN THE ANNUAL GENERAL MEETING ON 23RD MARCH 2024 We would like to appreciate your participation during our Annual General Meeting that was held at Tin Tin Restaurant, Nairobi on Saturday 23rd March 2024. The following are the resolutions that were passed in the said meeting: Review of Maximum Loan to MembersThe AGM reviewed the maximum loan a member can
RECONSTITUTION OF BOARD & SUPERVISORY COMMITTEES
Dear Member, RE: RECONSTITUTION OF BOARD & SUPERVISORY COMMITTEES We wish to inform you of the reconstitution of Board and Supervisory Committees as follows: – Board Positions Chairman: Joseph KagemaVice- Chair: Edwin OmondiTreasurer: Lilian Weru Hon. Secretary: Philip Muchiri Administration & Finance Committee Chairperson: Lilian WeruSecretary: Philip MuchiriMember: Edwin Omondi Credit & Risk Management Committee Chairman: John Ng’ang’aSecretary: Bernard