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Savings Account for your Chama
This is an account organized for groups. The members of the group need not to be SACCO members provided one of the group members is a Kencream SACCO’s member.
CHAMA SAVING ACCOUNT.
The group must have at least three signatories to the account. minutes of the group meeting authorizing the officials to open the account shall be required to open the account.
The group must have a name preferably registered. The mode of contribution is check off, standing order or by direct deposit. Minimum account maintenance balance is Kshs .2000. Minimum interest earning balance is Kshs. 20,000