Verona Huruma Sacco dividends are 12%-16% per year for your shares. You can also save money earn interest on your savings. Below are important details you need to know about the Sacco:
Verona Sacco Paybill and other payment methods
Payments Via MPESA
- For payments of loans and deposits enter PayBill No. 400500
- Enter account no (membership number+code).
- Enter the amount to pay and select okay.
- A confirmation message will be sent to your phone to confirm receipt from VH SACCO.
- You will also be able to receive your loan disbursements through m-pesa, visa card, or Cheque.
Payments Via Bank Account
- CO-OPERATIVE BANK ACCOUNT
- ACC NO: 01134248358600
- ACC NAME: VERONA HURUMA SACCO LTD
- BRANCH: KARIOBANGI
- ABSA BANK ACCOUNT
- ACC NO: 0931000373
- ACCOUNT NAME: VFathers Huruma Self Help Group
- BRANCH: KARIOBANGI
- KCB BANK ACCOUNT
- ACC NO: 1286107350
- ACC NAME: VERONA HURUMA SACCO LTD
- BRANCH: UTAWALA
Verona Huruma Sacco Customer Care contacts, branches and working hours
Town Office
Physical Address: Caxton house, Standard street ,opposite Bruce House
Tel: +254 727 411269
UTAWALA OFFICE
Physical Address: Bonisusa house.
Next to KCB BANK, Opposite AP Training College
Tel: +254 719 577 339
VHS HQ
Physical Address: Holy Trinity Kariobangi Catholic Parish, Kamunde road, off outering road,
Tel: +254 724 933 760
Operation Hours
- Mon : Fri 8.00 AM – 5.00 PM
- Saturday: 8.00 AM – 1.00 PM
DEPARTMENTAL EMAILS
- credit@veronahurumasacco.co.ke
- care@veronahurumasacco.co.ke
- ict@veronahurumasacco.co.ke
- finance@veronahurumasacco.co.ke
Verona Huruma Sacco Membership Requirements
Membership Benefits
- One has an opportunity to cultivate a savings culture and continuously save without interruptions.
- We have affordable credit products through one’s deposits with low-interest rates.
- We facilitate different education seminars based on members’ needs.
- Insurance Benefits
- Inpatient cover of up to Ksh 150,000 per year – One must have been an active member and have fully paid up the share capital (4,000kes) for the last six (6) months to qualify. Inpatient covers inclusive of children below 18years who are members of Huruma Junior account at no cost.
- Maternity cover of up to Ksh 20,000 – One must have been an active member for at least two (2) years to qualify.
- Bursary fund of Ksh 25,000 per child per term – This is for secondary education for Huruma junior holders who have been active members for the last two (2) years prior to application.
-
- Last expense cover of Ksh 100,000 – Must be a shareholder unless death caused by an accident. This is paid to the next of kin upon the presentation of death notification documents to the office.
- Attractive dividend on one’s savings at the end of every financial year.
- One is able to acquire land on installments to a maximum of three (3) years.
- Collaterals on motor vehicles can be used as security on loan application 50% of the loan value on a motor vehicle, not more than 10 years. Active account 1 year.
- Guarantors’ incentives
- Entitlements to an optional life cover of one million shillings with illness cover of up to kes 300,000 upon annual premium payment. Currently, the annual premium is kes 7,900
- Above all, you will be served by competent staff members and the Board of Directors who are always ready to listen to you.
- Mzalendo bora – Enjoy free medical cover of kes 100,000
- This covers all children 0-18 years. All elderly from the age of 75 years and above who have been Sacco members for 5 years with a maximum last expense of kes. 100,000
- Admission of the elderly is restricted to 70 years and below.
Adult Membership
This is for any person aged 18 yrs and above of any nationalityopen an account you need
- An ID copy and one passport size photo
- Copy of KRA PIN Certificate
- Application fee and Bylaws Ksh 1,500
- Minimum Share Capital of Ksh 4,000 (200 shares) and a maximum of Ksh 50,000 (2,500 shares).
- Minimum monthly deposit of Ksh 1,350
- Membership card Ksh 1000
- Insurance fund of Ksh 300 per month inclusive of dependents under Huruma Junior Account.
- Maintenance fee of Ksh 50 per month
Huruma Junior Account
This is for persons under the age of 18 years of any nationality whose parent/guardian is a member of Verona Huruma SaccoTo open an account you require
- Identification documents e.g. Birth certificate, Baptismal card, or Birth notification
- Application fee kes. 700
- One passport size photo
- A minimum monthly contribution of kes. 550
- The membership card is kes. 200
- Maintenance fee of kes.50 per month.
Corporate / Chama Membership
This is for Registered, unregistered welfare associations and self-help groups
- The minimum share capital of Ksh 4,000 (200 shares) and a maximum of Ksh 50,000 (2,500 shares)
- Application fee and by-laws Ksh 2,500
- Minimum monthly deposit of Ksh 4,050
- Membership card Ksh 200
- ID copies and one passport size photo of each official
- Copy of KRA PIN for the officials/ group KRA PIN if registered.
- Recent minutes confirming the election of the officials and agreed to open an account with us
- List of all members, contacts, and id numbers
- Formation guidelines/ constitution
- Maintenance fee of Ksh 50 per month
Verona Huruma Sacco Savings Products
Verona Junior Shark Savings
- Persons under the age of 18 years of any nationality whose parent/guardian is a member of Verona Huruma Sacco
- Free shark bank after saving ksh.1000
- Minimum deposit of ksh.550 per month
- Can be used for Guarantorship
- Interest rate is determined by the financial performance for the year
Access to welfare benefits (T&C)
FIXED DEPOSIT
- The amount is deposited for a fixed period, with a minimum deposit of Kes. 50,000
- In case of withdrawal before maturity, the member shall forfeit the interest earned for the fixed period
- The minimum duration is 12 months.
- The interest of 7.5% p.a
Holiday Savings Account
- This is specifically designed for those who would like to save for holiday/ wedding and anniversary celebrations.
- The minimum required to open an account is Ksh 1,000.
- Withdrawals will be restricted to only twice per year
- Interest is earned on a minimum balance of Ksh 2,000
- The interest of 6.5% p.a
Education Savings Account
This account will be for educational purposes be it children’s or adult education.
- There is no age limit or restriction on the person who is saving in this account.
- A minimum of Ksh 3,000 is required to open this account.
- Interest will be paid credit balance of Ksh 3000 payable after 6 months.
- Interest of 6.5% p.a
Advance Account This will be an account for specifically members who would like to make an advance payment (standing order) which will be distributed to their other accounts on a monthly basis according to instruction from the member. Mshiriki Mwema Account
- This Account is cumulated from guarantor & introducer incentives.
- Withdrawal restricted to 75% of cumulated amount.
Verona Huruma Sacco Loans Products
LOAN CHAP CHAP
This loan type is based on one’s deposit and is only accessed through the Mobile Application.
- This is a type of loan secured by one’s deposits.
- The loan interest rate is 4.65% per month repayable in 3 months.
- The loan interest rate is 3% per month repayable in 6 months.
- The loan interest rate is 1.5% per month repayable in 12 months.
- A member has to be active for at least three consecutive months and has paid minimum share capital
- Security is 80% of one’s available deposit
- The loan amount is limited to KES 150,000
NAWIRI LOAN
Self-guaranteed loan
- Interest rate per month on reducing
balance - Refinancing / Top-up facility available.
- The maximum repayment period is based on categories;
Loan amount of between:
1,000 – 500,000: 48 months
500,001 – 1,000 000: 60 months
Above 1,000,000: 120 Months - Account to be active for 3 months
JIPANGE LOAN
- Maximum eligibility is 4 times one’s deposit
- The interest rate of 1.08% p.m on guaranteed loans on reducing balance
- Refinancing / Top-up facility available.
- The repayment period is as follows;
Loan amount between:
- 1,000 – 500,000: 60 months
- 500,001 –1,000,000: 72 months
- Above 1,000,000: 84 Months
- Account to be active for 3 months
ELIMU BORA LOAN
- Maximum repayment period of 12months
- The interest rate is at on reducing balance.
- Self-guaranteed loan
- The maximum loan granted is Kes 500,000
- Rescheduling allowed only to a maximum of 1 year
- Loan refinancing is not available
- Can be applied from either junior or parent/guardian’s account
- Account to be active for 3 months
Mazao Loan
This loan is based on the previous year’s dividends
- 50% of the previous year’s dividends whichever is lower.
- Available from October to February
- The interest rate of 7.5% one-off fee is deducted upfront.
- Repayment period of up to 3months.
- No application fees.
Car Loan
This facility enables members to purchase private or private commercial vehicles through co-ownership with the Sacco
Rescheduling and refinancing are not available
Maximum loan entitlement 4 times deposits.
Security – Original logbook
The age limit for vehicles maximum is 10 years.
Sacco shall finance up to of valuation on second hand and on new vehicles.
Interest rate on reducing balance.
The maximum repayment period is 48 months
Account active 1 year