Below is a list of products offered by Noble Sacco, loans, membership requirements, contacts and paybill number:
Back Office Activities
| Product | Payment Period | Rate |
| Superior Loan | 96 Months | 1% on reducing balance |
| Refinancing Loan | 48 – 84 Months | 1.25% on reducing balance |
| Karibu Loan | 30 Months | 1% on reducing balance |
| Emergency Loan | 10 – 20 Months | 1% on reducing balance |
| Development loan | 48 – 96 Months | 1.15% on reducing balance |
| College/Fees Loan | 1 Calendar Year | 1% on reducing balance |
| Super Development Loan | 12 – 48 Months | 1% on reducing balance |
Front Office Activities
| Product | Payment Period | Rate |
| Salary Advance | 1 Month | 10 % |
| Short Term Advance | 12 Months | 1% Reducing Balance |
| Agribusiness Advance | 30 – 48 Months | 1% Reducing Balance |
| Long Term Salary Advance | 20 Months | 1% Reducing Balance |
| Super Salary Advance | 30 Months | 1.15% Reducing Balance |
| Supreme Advance | 48 Months | 1.25% Reducing Balance |
| Loan Advance | On Loan Posting | 10 % |
| Loan Clearance Advance | On Loan Posting | 10% |
| Refund Advance | On Loan Posting | 10% |
| Welfare Advance | On Welfare claims post | NIL |
| Shares Boosting Advance | In Loan Boosting | 10% |
| Cheque’s Advance Salaried Members | On Cheque Clearance | 10% Guaranteed |
| Group Micro-Finance | 12-30 Months | 1% |
| Inuka Micro-Finance | 30 Months | 1% |
| Individual Micro Finance Loan | 12 – 30 Months | 1% |
| Mnoble Advance | 1 Month | 10% |
| Short Term Agri-Business Loan | 12 Months | 1% |
MOBILE MONEY SERVICE (M-NOBLE Banking)
This Service enables customers with FOSA Accounts to transfer Cash from their Account to M-PESA
DIAL *882# (UPON REGISTRATION)
Conditions:
- One must have an active FOSA account
- One must be registered to use this service – (Registration done at the ICT office)
- One has to set his/her own Pin Number upon receiving the default pin from the sacco
You can APPLY salary advance as well when you are on this platform.
PAYBILL PROCEDURE
PROCEDURE FOR MAKING DEPOSITS TO YOUR VARIOUS SACCO ACCOUNTS – (Deposits/ Shares and Various Loan Repayments)
- M-PESA Menu
- Lipa na M-PESA
- Pay Bill
- Enter Business No. (Our Business No is 208600)
- Enter account No
- Amount
Account No varies depending on the type of transaction you wish to Make, each beginning with a code and followed by your ID Number as shown in the table below: (replace 123456 with your actual ID No).
(Replace 123456 with your actual ID No.)
The Paybill Number is 208600
Noble Sacco Contacts
- Ronald Ngala Street, next to Co-operative Bank, P.O BOX 3466,ELDORET.
- info@noblesaccosociety.co.ke
- +(254) 707 559 535
- +(254) 105 119 848
How do you become a member of Noble Sacco
- Filling of Membership forms – (One can download from our Website).
- Mandatory Membership fee of Kshs 500
- 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 3
- High monthly turnover in Both sections of the sacco FOSA , BOSA and Micro-Finance
- Pay slip ability is also considered for members in a formal employment.
Welfare Scheme
- All members to contribute mandatory Ksh. 200.00 monthly towards the scheme
- The scheme funds to be utilized on loan insurance.
- The contributor to be rewarded with 25% of welfare savings on retirement. Provided one has consistently contribute for five (5) consecutive years.
Bereavement benefits
In case of contributor’s child death (upto 4 children below 25 years of age) – Contributor paid Ksh. 20,000.00
In case of contributor’s death – Beneficiary paid Ksh. 40,000.00
In case of contributor’s death – Beneficiary paid Ksh. 40,000.00
In case of death of contributor’s biological parent – Contributor paid Ksh. 20,000.00
