It represents member’s ownership of the SACCO, It is non withdrawable, but transferrable to another member of the Sacco.
The minimum share capital per member is Ksh.20, 000. (1000 shares of ksh.20 each). This means the first Kshs.20, 000 contributed by the member is transferred automatically to the shares.
The returns are lucrative 2018 and 2019 rate was at 20%.
Deposits represents money that a member can be refunded back upon placing prior notice when they decide to leave the SACCO.
The minimum monthly contribution is Ksh.1000. Deposits act as multiplier when a member is applying for a loan and can be used to guarantee other members loans.
Deposits attract annual interest, and Tembo has consistently paid up to 11.5% prorated interest over the years.
BOSA Special Savings is a product that targets long term plans such as holiday, construction, school fees, weddings and special projects. Its minimum monthly contribution is Ksh.500. Currently it earns 7% interest payable semiannually i.e. July and January.
BOSA Special withdrawal can be done once a year upon giving a 30 days prior notice.
This is an insurance policy for members that covers the member and immediate family members against death.