Below are important details you wish to know about Chuna Sacco:
Who Can Join Chuna SACCO?
- Individuals: Whether you’re a salaried employee, self-employed, a student, or a retiree, you are eligible to join Chuna SACCO and benefit from our range of financial products and services.
- Employees of Partner Organizations: If your organization has a partnership with Chuna SACCO, you may be eligible for membership. Check with your employer or contact us for more information on partnership opportunities.
- Residents of the Local Community: We extend our membership to residents of the local community where Chuna SACCO operates, fostering a sense of belonging and support within the neighborhood.
- Family Members: Family members of existing Chuna SACCO members are also eligible to join, promoting a culture of family-centric financial planning and support.
How To Join Chuna Sacco
- Submit Application: Once you’ve filled out the application form, submit it along with any required documents to the SACCO office. If applying online, follow the instructions to submit your application electronically.{https://applications.chunasacco.co.ke/index.php?r=new-membership}
- Verification and Approval: The SACCO will verify your application and documents in less than 20 minutes
- Receive Membership Confirmation: Once your application is approved, you’ll receive confirmation of your membership in form of member number.
- Start Enjoying Benefits: As a Chuna SACCO member, you can now access a range of financial products and services, participate in sacco events, and take advantage of member-exclusive benefits.
How to withdraw Membership from Chuna Sacco
- Notification: The member notifies the SACCO of their intention to cease their membership. This notification can be in writing, via email, or through a formal request form provided by the SACCO.
- Settlement of Obligations: The member settles any outstanding obligations with the SACCO, such as loan repaymentsor outstanding fees. This ensures that the member’s account is clear before cessation.
- Account Closure: The SACCO closes the member’s account and updates its records to reflect the cessation of membership. Any remaining balances in the member’s account are disbursed according to the member’s instructions.
CHUNA SACCO FOSA PRODUCTS AND LOANS
EMERGENCY LOAN 20 MONTHS
Ksh. 300,000 Max / Payable in 20 months
Other Features
- Interest rate of 3% per month amortized
- Turn-around time is one day
- Third rule apply
KARIBU EMG LOAN
Ksh. 100,000 Max / Payable in 12 months
- Designed for new Sacco members.
- A third (1/3) of the loan is deducted as deposits and ksh.5000 share capital
- Maximum repayment period is twelve (12) months.
- Maximum amount is ksh.100,000
- Loan must be fully secured.
- Competitive interest rate.
EDUCATION SAVINGS ACCOUNT
Ksh. Savings Account / Interest payable in 12 months
- Designed for all Sacco members.
- Minimum monthly contribution of 500 shillings
- Withdrawable three times a year.
- Earns minimum interest of 10%
HOLIDAY SAVINGS ACCOUNT
Ksh… Savings Account / Interest payable in 12 months
- Designed for all Sacco members.
- Minimum monthly contribution of 500 shillings
- Withdrawable three times a year.
- Earns minimum interest of 10%
JUNIOR SAVINGS ACCOUNT
Ksh. Savings Account / Interest payable in 12 months
- Designed for all Sacco members.
- Minimum monthly contribution of 500 shillings
- Withdrawable three times a year.
- Earns minimum interest of 10%
FOSA ORDINARY ACCOUNT
Ksh. …… / ordinary Account
- No ledger fees or account maintenance Fees
- No withdrawal limit
- Minimum balance of 500 shillings
- Sms Notifiction on every activity
EMERGENCY LOAN 20 MONTHS
Ksh. 300,000 Max / Payable in 20 months
Other Features
- Interest rate of 3% per month amortized
- Turn-around time is one day
- Third rule apply
BOSA PRODUCTS
Emergency loan 6 months
Ksh. 300,000 Max / Payable in 24 months
- Minimum net pay of Kshs 5,500.00 after disbursement
- Member salary must pass through FOSA
- Maximum repayment period is 6 months
- Interest rate is charged 10% upfront
- Processed within a day
Emergency loan 12 months
Ksh. 300,000 Max / Payable in 36 months
- Maximum repayment period is 12 months
- A third rule is applicable
- Effective interest rate is charged at 12% p. a
- Processed within a day
- Able to top-up
Emergency loan 20 months
Ksh. 300,000 Max / Payable in 20 months
- Maximum repayment period is 20 months
- A third rule is applicable
- Effective interest rate is charged at p. a
- Processed within a day
- Able to top-up
School Fees Loan
Ksh. 300,000 Max / Payable in 60 months
- Maximum repayment period is 12 months
- A third rule is applicable
- Effective interest rate is charged at 12% P. A
- Processed within a day
- Able to top-up
Jijenge loan 72 months
Ksh. 6,000,000 Max / Payable in 72 months
1. Deposits Multiplier: 3 (three) times
- Must have been a member for at least three months.
- Fully filled Jijenge Loan application form.
- Latest pay slip
- CHUNA FOSA being your monthly salary pay point
Normal 60
Ksh. UP to 6million / 60 Months
Application must be made on the official loan form fully completed and appropriately signed by both the Loan Applicant and Guarantor(s) in their own handwriting.
The Loan Applicant MUST attach an original pay slip (not more than one month old to the date of application).
. Loans are granted in accordance with the loan policy and lending conditions existing at the time of application.
More details on the loan form.
NORMAL Loan (24 MONTHS)
Ksh. 1,000,000 Max / Payable in 24 months
Application must be made on the official loan form fully completed and appropriately signed by both the Loan Applicant and Guarantor(s) in their own handwriting.
The Loan Applicant MUST attach an original pay slip (not more than one month old to the date of application).
. Loans are granted in accordance with the loan policy and lending conditions existing at the time of application.
More details on the loan form.
NORMAL (36 MONTHS)
Ksh. 3,000,000 Max / Payable in 36 months
Application must be made on the official loan form fully completed and appropriately signed by both the Loan Applicant and Guarantor(s) in their own handwriting.
The Loan Applicant MUST attach an original pay slip (not more than one month old to the date of application).
. Loans are granted in accordance with the loan policy and lending conditions existing at the time of application.
More details on the loan form.
NORMAL (48 MONTHS)
Ksh. 6,000,000 Max / Payable in 48 months
Application must be made on the official loan form fully completed and appropriately signed by both the Loan Applicant and Guarantor(s) in their own handwriting.
The Loan Applicant MUST attach an original pay slip (not more than one month old to the date of application).
. Loans are granted in accordance with the loan policy and lending conditions existing at the time of application.
More details on the loan form.
Chuna Sacco Customer Care Contacts
Send an Email
For credit queries- loans.chuna@uonbi.ac.ke For General Queries please use chunasacco@uonbi.ac.ke
Give a call 0705 951 672 or 0794 87 50 28
University of Nairobi, Harry Thuku Rd
+254 758 111 222
Mon – Fri 8.00 am- 5.00pm
Sat-Sun CLOSED
Chuna Sacco Paybill Number
The paybill number for Chuna Sacco is 561999
