Page 9 - SACCOStar Mag Vol 46 Press_txt.pdf

VISION e) Lainisha loan BOSA

3NAD@KD@CHMF?M@MBH@KHMRSHSTSHNMOQNUHCHMFD?BHDMS Loans granted after 30 minutes, Secured by 4
and competitive products and services. guarantors, Maximum depends on one’s ability to
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MISSION STATEMENT month.

3NDMG@MBDBTRSNLDQRBNM?CDMBD@MCRTRS@HMSGDHQ FRONT OFFICE SECTION
economic development through prudent management
and innovation at competitive rates to attain objectives Products o?ered
and aspirations.
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BACK OFFICE SECTION - Salary advances
- Safe custody of documents
a) Development Loan - Savings accounts
- Standing orders
- Members granted 3 times the product of his/ - Fixed accounts
her unwithdrawable deposits - Loan clearance facility, Micro Credit
- Salary processing
- Loans granted once in a week. - Fanikisha, Mwalimu,Premier, lainisha and
- No back logs
- Loan repayable within 60 months and interest Jiinue loan
- Christmas accounts
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- SMS banking and M-loans
- Loan secured by 4 guarantors.
RISK MANAGEMENT PROGRAMME
b) Preferential loan
Members contribute Ksh.200 on monthly basis
A member gets 4 times the product of his/her SN?M@MBDSGDOQNFQ@LLD@MCHMB@RDNECD@SG
unwithdrawable deposits, repayment period 72 months, the fund contributes Kshs.40,000 towards funeral
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@QQ@MFDLDMSR@MCVQHSDRN?@KKSGDNTSRS@MCHMF
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3NPT@KHEXLDLADQR@QDQDPTDRSDCSNFHUD loans. Further, deposits contributed are refunded
irrevocable authority to the SACCO to capitalize their SVHBDSNSGDADMD?BH@QHDR
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dividends for three consecutive years. Loans secured fund is re-insured.
by 4 guarantors.
RETIREMENT PACKAGE
c) Pride Loans
Members are encouraged to retain their
Loans granted after 30 minutes, secured by 4 guarantors, membership after retirement as the Society is able
maximum depends on one’s ability to pay within 72 months; to pay their lump sum and monthly pension through
KN@M@SSQ@BSRHMSDQDRSNE
ODQLNMSG
the FOSA section.

d) School Fees and Emergency

Loans granted on daily basis, no maximum for schools
fees while emergency loan maximum is Kshs.60,000.
Both are repayable within 1 year attracting an interest
NE
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Contacts:
Mobile: 0725 349343 | Tel./ Fax: (061) 2034287 | Email: info@newfortissacco.com
P. O . Box 1939-10100 Nairobi, Kenya. | www.newfortissacco.com

7| SACCO Star Magazine