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Higher Education Scheme

Higher Education Scheme

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The Society introduced Higher Education Loan Scheme to enable members to save for higher education especially those planning to go for parallel degree programs or those whose children are in colleges etc.  A member is required to make minimum monthly contribution of Kes 500 and is entitled to a loan 2 times his/her share contribution.  The loan will be repayable in 18 months at an interest rate of 15% per annum.

FEATURESGENERIC PACKAGEPREMIUM PACKAGE
Registration Kshs. 100 Ksh. 100
Monthly Contributions Kshs. 500 Kshs. 500

Repayment

18 months

Interest Rate

20% p.a reducing

Loan Entitlement

2x shares

Restructuring & Top ups

N/A Yes, after one year from last drawdown/ restructure

Top-up /Restructuring fee

N/A 2 months’ charge at 20% per annum

ISO 9001

Banki Kuu SACCO is now ISO 9001 Certified for compliance and regulation adherence. ISO 9001 is a certified quality management system (QMS) for organisations who want to prove their ability to consistently provide products and services that meet the needs of their customers.

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