Below are important details about Prime Time Sacco:
Prime Time Sacco Contacts
Address
P.O. Box 512-30700, Iten
Elgeyo Marakwet County, Kenya
Phone:0791 581 694 | 0720 749 009
Email:info@primetimesacco.co.ke
Membership requirements
Become A Member
Join our community and unlock financial opportunities tailored for your growth
- Filling of Membership forms – (One can download from our Website).
- Mandatory Membership fee of Kshs 200, payable through our paybill 914360 or direct deposit through our tellers.
- Monthly share contribution is 10% of the Basic salary (Those in checkoff system) and subject to Minimum of Kshs 1500
- Loan is issued based on the amount of shares with a multiplying factor of three
- Pay slip ability is also considered for members in a formal employment.
BOSA Loans
Development loan
- This product is open to all members.
- A member can take maximum loan of 4 times deposits held.
- Repayment period: 72 months.
- Interest rate: 1% p.m on loan reducing balance.
School Fees Loan
- This loan is meant for school fees.
- A member can take a loan of up to 4 times deposits held.
- Repayment period: 1 Calendar Year.
- Interest rate: 1% p.m on loan reducing balance.
Emergency Loan
- This loan is meant for unforeseen circumstances like burials, natural calamities, court orders, etc.
- A member should have serviced all other loans.
- Repayment period is capped at 12 months.
- Interest rate: 1% p.m on loan reducing balance.
College/University Fee Loan
- This loan is meant for college or university fees.
- A member can take a loan of up to 4 times deposits held.
- Repayment period: 24 Months.
- Interest rate: 1% p.m on loan reducing balance.
Overview
| Product | Period | Interest Rate |
| Development loan | 72 months. | 1% p.m on loan reducing balance |
| School Fees Loan | 1 Calendar Year. | 1% p.m on loan reducing balance |
| Emergency Loan | 12 months | 1% p.m on loan reducing balance |
| College/University Fee Loan | 24 Months | 1% p.m on loan reducing balance |
| Karibu Loan | 36 months | 1% p.m on reducing balance |
| BOSA Advance | 1 Month | 10% |
| Dividend advance | 3 Months | 10% |
FOSA Loans
Overview
| Product | Period | Interest Rate |
| Golden FOSA Loan | 36 Months | 1.35% flat rate |
| FOSA loan | 24 Months | 1.21% flat rate |
| Super salary advance | 3 Months | 10% monthly |
| Salary Advance | 1 Month | 10% |
| Fixed deposit | 3 Months & Above | Earns 11% interest P.A |
| Prime Junior Savings A/C | withdrawal after 3 months | 0% |
| Paybill banking | N/A | 0% |
| M-banking | N/A | 0% |
MICRO CREDIT Loans
Overview
| Product | Period | Interest Rate |
| Micro credit loan | 24 Months | 1.5% flat rate |
| Water Tank Loans | 12 Months | 1.5% flat rate |
| Agri-business Loan | 1 Calendar Year | 1.5% flat rate |
| Boda Boda loans | 24 Months | 1.5% flat rate |
How to deposit using paybill
PAYBILL NUMBER 914360 DEPOSITS GUIDELINES
Steps 1. Mpesa Menu
- Lipa Na Mpesa Menu
- Go to Paybill
- Enter Business Number 914360
- Enter Account No. e.g 5040123401
- Enter Amount to deposit e.g 100
- Enter PIN No. e.g 1234
After completion of the transaction the member will receive an sms from PrimeTime Sacco confirming the transaction.
