Dear Member, RE: SHARE DEPOSITS CONTRIBUTION REVIEW We wish to inform you that the minimum monthly deposits contribution for all members without loans has been reviewed from Kshs.1,000.00 to Kshs.1,500.00. Contribution for members with loans remain unchanged as follows: – Loan Amounts (Kshs.) Minimum Deposits Contribution ( Kshs.) Nil (Members Without Loans) 1,500.00 Up to 750,000 1,500.00 750,001 -1,000,000 2,500.00 1,000,001 -2,000,000 3,000.00
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,
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