Tembo Savings & Credit

Co-operative Society Ltd

With You All The Way.......Milele

  • Back Office (BOSA)

    This is the core Sacco function that enables members to save and be able to access credit facilities.

    The Sacco Savings are divided into two:

    1. Sacco Shares (Minimum of 1,000 shares at Ksh 20 each)
    2. Sacco Deposits (Minimum contribution per month Ksh 2,000)

    Total Sacco Savings =Sacco Shares + Sacco Deposits

    The money earns interest on an annual basis based on the performance. Shares earn dividend and deposits earn interest

    YearDividendsInterest on deposits
    20084%4%
    20098%8%
    201015%9%
    201118%10%
    201218%10%
    201318%10%
    201418%10.5%
    201518%10.5%
    201618%11%

    Credit products are available both long term and short term. To view the various products we have please click here

  • Front Office (FOSA)

    FOSA provides banking services for members. It has its own savings account and credit products.

    Savings Products include:

    1. FOSA Savings Account
    2. Hekima Savings Account
    3. Fixed Deposit Account

    Other Services Include:

    1. Cheque clearing
    2. Bankers cheque sales at 100/=
    3. Standing order
    4. RTGS

    Short term credit products are offered. Click here for more information