Deprecated: Non-static method JSite::getMenu() should not be called statically, assuming $this from incompatible context in /home2/metrobr2/public_html/templates/lighthouse_j25/warp/systems/joomla/layouts/com_content/article/default.php on line 13

Deprecated: Non-static method JApplication::getMenu() should not be called statically, assuming $this from incompatible context in /home2/metrobr2/public_html/includes/application.php on line 536

BOSA

Back Office Service Activity (BOSA)

1.)Savings Period – six (6) Months. 
2.) Boosting of Savings by Cash from within the SACCO is allowed but one has to wait for one month before lodging an application.
3.) Transfer from other SACCOs deposits are treated as those of an old member
4.) Loan Multiplier x3 the Savings held.
5.) Repayment Period – 48 Months
6.) Repayment Method – separate.
7.) State of Pay slip – 2 Latest Payslips without Loan.
8.) Salary commitment – 2/3 of Gross Salary to cover all SACCO Deductions. Net Take Home (NTH) should be 1/3 of Basic Pay.
9.) Interest charged on loan granted – 1% per month on Reducing Balance.
10.)Security for Loan – Savings, Guarantors and future Salary or income.
11.) Guarantor’s pledge/coverage of loan applied – 100%.
12.) Loan consideration and disbursement – Monthly.
NAME OF PRODUCT/SERVICE DESCRIPTION
 NORMAL LOANS

 1.) Granted three (3) times a member’s shares.
 2.) Applicant must be a member of the sacco.
 3.) Requires 2 most recent original pay slips, copy of national ID & a copy of the pin certificate.
 4.) The applicant must be free from all loan products.
 5.) The applicant must have contributed shares and deposits for at least 3 months.
 6.) The loan must be secured by at least 5 guarantors who are sacco members as well.
 7.) Strict adherence to the 2/3rds rule
 8.) Shares/deposits transfered from other saccos qualify during appraisal

 EMERGENCY LOANS

 1.) Granted within three (3) times a member’s shares taking into consideration other outstanding loans.
 2.) Strict adherence to the 2/3rds rule.
 3.) Granted instantly to a maximum of Kes. 100,000=
 4) Applicant must be a member of the sacco.
 5.) Requires 1 most recent original pay slip, copy of national ID & a copy of the pin certificate.
 6.) The applicant must have contributed shares and deposits for at least 3 months.
 7.) The loan must be secured by at least 3 guarantors who are sacco members as well.
 8.) Shares/deposits transfered from other saccos qualify during appraisal.

 NORMAL LOAN EQUAL TO SHARES

 1.) This is an instant product granted up to a maximum of a member's shares.
 2.) Granted strictly within the 2/3rds rule.
 3.) Requires 1 most recent original pay slip, copy of national ID & a copy of the pin certificate.
 4.) Applicant must be free from all loan products.
 5.) For loan clearance cases, the loan is processed and disbursed within 14 days.

 PREMIER PERSONAL LOAN

 1.) This product is offered in partnership with KCB and co-operative bank.
 2.) Granted at four times the member's shares/deposits.
 3.) Minimum Kes.50,000/=
 4.) Maximum Kes. 3,000,000/=
 5.) Members with existing loans in the Society and other financial institutions can apply.

 INTERIM SUPPORT LOAN (FOR THE NEWLY EMPLOYED)

 1.) This product is aimed at assisting newly employed teachers/employees settle at their new stations;
 2.) Granted within 48 hours;
 3.) Maximum of Kes. 120,000/=
 4.) The sacco retains 1/3rd of the amount disbursed as shares/deposits
 5.) Loan secured by at least 3 guarantors.
 6.) Attachments include:
     i) Posting letter/contract of employment
     ii) Photocopy of ID both sides
     iii) Copy of the pin certificate
     iv) Letter of undertaking from the employer/letter from the head teacher.

 REFUSHA MAISHA PLAN

 1.) Contribution through check off
 2.) Minimum contribution is kes.1,000= per month
 3.) No dividends payment
 4.) Withdrawals only at maturity of the plan
 5.) No loans on this product
 6.) Capital injection allowed.

NORMAL/DEVELOPMENT LOAN 1.) Boosting of Savings by Cash from within the SACCO is allowed but one has to wait for one month before lodging an application. 2.) Transfer from other SACCOs deposits are treated as those of an old member 3.) Loan Multiplier x3 the Savings held. 4.) Repayment Period – 48 Months
5.) Repayment Method – separate.
6.) State of Pay slip – 2 Latest Payslips without Loan.
7.) Salary commitment – 2/3 of Gross Salary to cover all SACCO Deductions. Net Take Home (NTH) should be 1/3 of Basic Pay.
8.) Interest charged on loan granted – 1% per month on Reducing Balance.
9.) Security for Loan – Savings, Guarantors and future Salary or income.
10.) Guarantor’s pledge/coverage of loan applied – 100%.
11.) Loan consideration and disbursement – Monthly.
Head Office Kiambu Branch Kimathi Branch Thika Branch Limuru Branch Kisumu Branch Bungoma Branch Nakuru Branch

Chai House

Ground Floor,

Koinange Street

P.O. Box 5684 - 00100,

Nairobi.

Tel: 020 - 8050993/4

 .

 .

Community Centre

Opposite Kahawa House,

P.O. Box 871 - 00900

Kiambu,

Tel: 066 - 2022468/ 2022581/

2022514

Fax: 2022007

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Kimathi House

Upper Ground Floor,

Nairobi.

Tel: 020 8050993/4

.

.

.

.

Marafique Plaza

Along Kenyatta Highway,

Tel: 067 - 21382/30691

Thika.

   .

   .

   .

 .

Gitungo House

Limuru,

Ngenia road,

Tel: 020 - 2378200

   .

   .

  .

  .

Swan Centre

Oginga Odinga Road,

P.O. Box 3905 - 40100,

Kisumu.

Tel: 057 - 2023781.

Mobile: 0737 - 797382

   ..

 .

Chewai Plaza

Off Moi Avenue

P.O. box 2696 - 50200

Tel: 0737 - 428890

   .

   .

  .

  .

Masters Plaza

Along Kenyatta Ave.

Nakuru.

   .

 .

 .

 .

 .