Below are important details you wish to know about Fortune Sacco.We will discuss about how to join the Sacco, Customer Care Contacts, Paybill Number, how to apply for a loan, list of loans and saving products.
How to join Fortune Sacco
Anyone can become a Fortune Sacco member by acquiring a minimum of ten shares and paying entrance fees.
Requirements for one to become a member are:
- A copy of the national ID card
- Entrance fee of Ksh. 100
- 10 shares each worth Ksh. 100
- Passport sized photo taken at the branch.
There are numerous benefits of being a Fortune Sacco member. Some of them are:
- Earn annual dividends
- Elect Delegates during elections
- Access free financial advice
- Access affordable credit
- Get an opportunity to invest in a growing financial institution
Shares and Dividends
Investing your money in Fortune Sacco gives you an opportunity to save while investing in you. Your savings are counted as deposits.
These deposits and your equity are investment since the money grows and generates more through dividends.
Dividends are paid out every single year at a rate of about 12% and are credited to your savings account.
Fortune Member Benefits
- Earn annual dividends
- Elect Delegates during elections
- Access free financial advice
- Access affordable credit
- Get an opportunity to Invest in a growing financial institution
- Apply to become a Sacco delegate or director*
How to buy shares (for members only)
Option 1
- Select M-pesa Menu
- Lipa na Mpesa
- Enter paybill number 852648
- Enter the 16 digit shares account
- Enter Amount and mpesa pin when prompted
Option 2
- Dial *638# on your mobile phone
- Select option 5 Deposit to own account
- Select the destination account-share account
- Enter the ammount you wish to deposit
- Enter Mpesa pin and send.
Option 3
- Download the fortune e-cash app to your mobile phone and register
- Select transfer option
- Select the deposit to account
- Select the destination account-share account
- Enter the amount you wish to deposit
- Enter Mpesa pin and send.
Loans Products
Super Golden Loan
The product is meant for all salaried members (existing and on boarding) ranging from TSC, civil servants, county government employees, and private firms’ employees e.g KTDA etc.
The product is delivered at a competitive interest rates with an enhanced TAT.
This facility is beneficial for salaried members.
Loan Term —Upto 96 months
Business Loan
The enterprise loan products are created to help business fraternity meet their business needs.
Loan amount qualification depends on your monthly income and no grace period.
Mixed collateral will be required to demonstrate your good faith and include household chattels, business stock and machinery, and other conventional securities (Land – registered and non-registered; Motor Vehicles etc.)
Eligibility
One must be operating a legal licensed business for a period of not less than 6 months
One must have operated a Fortune Sacco account for at least 3 months
The business should be in existence for a period of 6 month
Loan Term
Upto 36 months
Benefits
- You’ll have a flexible repayment period
- You can access the loan if you’re a Fortune Sacco member with an existing business
- Your loan is processed and disbursed fast
- You can use flexible and mixed collaterals for this loan
- You can access it easily
- Can be secured using Jiinue or zidisha shares
Asset Finance
This loan product enables individuals, business people, farmers, the employed and youths to acquire assets such as land, motor vehicles, motor cycles, machineries and other assets
Eligibility
One must have an active account
One must have a source of income
The acquired asset will be taken as security for the loan
Financing is done up to 70%
The borrower should be able to raise 30% of the value of asset
Very flexible interest rates
Working Capital Loans
This is a credit facility designed to help small and medium enterprises access funds as working capital for purchase of stock and raw materials.
Eligibility
One must have a legally licensed business
One must be a member of fortune Sacco for a period of at least three months
Maziwa Loans
This loan product is designed to help dairy farmers who deliver their products through registered and recognized milk processers to access credit facilities to meet their short term needs.
Eligibility
Two guarantors with equal or higher production
One must be a member of fortune Sacco for a period of at least three months
Insurance cover is available covering livestock with affordable yearly paid premiums
Group Enterprise Loans
This loan product is designed to help active registered group members banking at fortune in meeting short term and long term needs in boosting their livelihoods ie kids education school fees.
Eligibility
Must have valid certified group certificate
Must have group constitution aligning with fortune group policy
Group must be banking at fortune at least 8 weeks
Group must at least min 5 people
Group members co-guarantee each other
Accessible to all groups
Group members be undertaking economic activity
Zidisha Loans
This loan facility is available to all members with Zidisha shares including salaried members of fortune Sacco, business persons, farmers etc.
The higher the Zidisha shares the higher the loan amount of interest 1.12% per month on reducing balance.
It has 4 times multiplier unsecured loan and 6 times secured (logbook or title deed)
Eligibility
Must have Zidisha Shares
Must be an active Fortune Sacco account holder for at least 3 months
Fortune E-Cash Loan
This is a mobile phone credit facility available to all fortune Sacco members who are registered on our mobile banking platform. It has the following features;
- To qualify for the loan one must be an active fortune Sacco savings account
- No guarantors needed
- Immediate disbursement
- No need of visiting the branch
- Auto approval
- One must not be listed in the CRB
- Own zidisha or backoffice savings
Working Capital Loans
This is a credit facility designed to help small and medium enterprises access funds as working capital for purchase of stock and raw materials.
Eligibility
One must have a legally licensed business
One must be a member of fortune Sacco for a period of at least three months
Maziwa Loans
This loan product is designed to help dairy farmers who deliver their products through registered and recognized milk processers to access credit facilities to meet their short term needs.
Eligibility
Two guarantors with equal or higher production
One must be a member of fortune Sacco for a period of at least three months
Insurance cover is available covering livestock with affordable yearly paid premiums
Group Enterprise Loans
This loan product is designed to help active registered group members banking at fortune in meeting short term and long term needs in boosting their livelihoods ie kids education school fees.
Eligibility
Must have valid certified group certificate
Must have group constitution aligning with fortune group policy
Group must be banking at fortune at least 8 weeks
Group must at least min 5 people
Group members co-guarantee each other
Accessible to all groups
Group members be undertaking economic activity
Zidisha Loans
This loan facility is available to all members with Zidisha shares including salaried members of fortune Sacco, business persons, farmers etc.
The higher the Zidisha shares the higher the loan amount of interest 1.12% per month on reducing balance.
It has 4 times multiplier unsecured loan and 6 times secured (logbook or title deed)
Eligibility
Must have Zidisha Shares
Must be an active Fortune Sacco account holder for at least 3 months
Fortune E-Cash Loan
This is a mobile phone credit facility available to all fortune Sacco members who are registered on our mobile banking platform. It has the following features;
- To qualify for the loan one must be an active fortune Sacco savings account
- No guarantors needed
- Immediate disbursement
- No need of visiting the branch
- Auto approval
- One must not be listed in the CRB
- Own zidisha or backoffice savings
Savings Accounts
Mwelekeo Business Savings
This account is designed to be used by business fraternity, corporate (companies) and institutions.
Benefits include; No withdrawal limits, No operating balance, No ledger fees, Access to ATM services, Access E-Cash mobile Banking, Access to loan facilities, Access to free deposits through mobile merchants, Access to Agency Banking, Account accessible at any Branch and Access to checkbook on request
Premium Savings Accounts
This is an ordinary account designed for day to day banking i.e. processing of coffee, tea, milk and salary proceeds.
Benefits include; No withdrawal limits, Zero opening balance, Free deposits charges, Access to loan facility, Access to ATM Services, Access to Agency Banking, Access to E-Cash mobile banking and Access to check book on request.
Golden Salary Account
This account is design to process the salaries of the employed customers.
Benefits of this account; Zero operating balance, Access to mobile banking services, Access to ATM cards, Access to super golden salary loan, No ledger fees, Access to Agency Banking, Free deposits via fortune merchants.
Group Savings Account
This account is designed to encourage groups to save and access credit and grow to their desired potential.
Benefits include; Free deposits through fortune merchants (paybills), Free standing orders and Access to group loans 5times your savings
Requirements:
• Letter of application from the group fully signed by the officials
• Extract of the minutes
• National ID copy from group officials
• Group officials image captured at the branch
Maziwa Bora Account
This account is opened to dairy farmers and provides the farmer with a savings account through which all milk transactions can be carried out.
Benefits & Features include: Minimum initial deposits, Zero operating balance, No withdrawal limits, Account accessible to any branch, Access to Visa ATM card services and Livestock insurance available
Boda Boda Account
This is an account to help boda boda operators save and get flexible and affordable financing. Fortune Sacco will offer education to account holders on the best way to achieve maximum results from the business.
Benefits and features; Minimum operating balance Ksh 500, Visa ATM cards available, Access to mobile banking, Free deposits via fortune merchants and Account accessible to any Branch
Zidisha Savings Account
This is an account designed for daily transactions and savings needs for business ,employee salary processing etc.
Benefits & features; Access to instant advance, Access to cheque book, No monthly charges, Access to Visa ATM cards, Access to mobile E-Cash services, Free deposits via Fortune merchants (Paybills), Access to dividends from Zidisha shares that accrue at 8% interest p.a, Access to Zidisha loans with as low as 10.8% p.a and Access to 4 times your shares without security & 6 times with security.
Investment Banking
Thamani Junior Investment Account
Provides a plan for investing in your dependents’ future .The account is opened and operated by the parent/guardian on behalf of the minor( person below 18yrs).
Benefits & features:
- Three (3) free bankers cheque for payments of school fees per year
- Low minimum account opening balance
- No cash or cheque deposits charges
- Free internal standing order
- Account accessible at any branch
- No ledger or maintenance fees
- No monthly charges
Jiinue Investment Account
This is an investment account designed for those customers who are geared towards saving in order to achieve dreams in life. This could be a house, piece of land, a car or any other project. One has option to choose the period to invest from 6 months to 12 months.
Benefits & features include:
- A guarantee return of 10%
- Top ups allowed
- No opening balance
- Minimum bearing balance of 1000
- Access to mobile Banking platform
- No ledger fees
- No withdrawal charges upon maturity
- Roll over upon maturity available
- Access to loan facility of up to 90% of Jiinue deposit
- Access to free deposit via E-Mobile Banking
Requirements to open this account:
- Fill application form
- Term or period of the investment
Fortune Bank Branches and Contacts
Baricho
OPENING HOURS:
Monday – Friday
8:30 am – 4:00 pm
Saturday
8:30 am – 12:00 noon
Sunday & Public Holidays
Closed
CONTACTS:
Phone Number
+254725789669
Email Address
baricho@fortune.co.ke
Kagio
OPENING HOURS:
Monday – Friday
8:30 am – 4:00 pm
Saturday
8:30 am – 12:00 noon
Sunday & Public Holidays
Closed
CONTACTS:
Phone Number
+254724256957
Email Address
kagio@fortune.co.ke
Karumandi
OPENING HOURS:
Monday – Friday
8:30 am – 4:00 pm
Saturday
8:30 am – 12:00 noon
Sunday & Public Holidays
Closed
CONTACTS:
Phone Number
+254724256957
Email Address
karumandi@fortune.co.ke
Kerugoya
OPENING HOURS:
Monday – Friday
8:30 am – 4:00 pm
Saturday
8:30 am – 12:00 noon
Sunday & Public Holidays
Closed
CONTACTS:
Phone Number
+254724256957
Email Address
kerugoya@fortune.co.ke
Kimunye
OPENING HOURS:
Monday – Friday
8:30 am – 4:00 pm
Saturday
8:30 am – 12:00 noon
Sunday & Public Holidays
Closed
CONTACTS:
Phone Number
+254724256957
Email Address
kimunye@fortune.co.ke
Kiamutugu
OPENING HOURS:
Monday – Friday
8:30 am – 4:00 pm
Saturday
8:30 am – 12:00 noon
Sunday & Public Holidays
Closed
CONTACTS:
Phone Number
+254724256957
Email Address
kiamutugu@fortune.co.ke
Kibirigwi
OPENING HOURS:
Monday – Friday
8:30 am – 4:00 pm
Saturday
8:30 am – 12:00 noon
Sunday & Public Holidays
Closed
CONTACTS:
Phone Number
+254724256957
Email Address
kibirigwi@fortune.co.ke
Kutus
OPENING HOURS:
Monday – Friday
8:30 am – 4:00 pm
Saturday
8:30 am – 12:00 noon
Sunday & Public Holidays
Closed
CONTACTS:
Phone Number
+254725789787
Email Address
kutus@fortune.co.ke
Makutano
OPENING HOURS:
Monday – Friday
8:30 am – 4:00 pm
Saturday
8:30 am – 12:00 noon
Sunday & Public Holidays
Closed
CONTACTS:
Phone Number
+254708861004
Email Address
makutano@fortune.co.ke
Mwea
OPENING HOURS:
Monday – Friday
8:30 am – 4:00 pm
Saturday
8:30 am – 12:00 noon
Sunday & Public Holidays
Closed
CONTACTS:
Phone Number
+254712026479
Email Address
mwea@fortune.co.ke
Nairobi
OPENING HOURS:
Monday – Friday
8:30 am – 4:00 pm
Saturday
8:30 am – 12:00 noon
Sunday & Public Holidays
Closed
CONTACTS:
Phone Number
+254793282201
Email Address
nairobi@fortune.co.ke
Sagana
OPENING HOURS:
Monday – Friday
8:30 am – 4:00 pm
Saturday
8:30 am – 12:00 noon
Sunday & Public Holidays
Closed
CONTACTS:
Phone Number
+254705522730
Email Address
sagana@fortune.co.ke
Customer Care Contacts
Address
Fortune Headquarters, Kerugoya Branch
Branch
Fortune Plaza, Kerugoya Town
P. O. BOX 559-10300
Phone number:+254 768 212665
Email address:contactcenter@fortune.co.ke
