Below is a list of accounts for Kenya Highlands Sacco, membership requirements, saving products,loans,branches and contacts:
Kenya Highlands Sacco Membership Requirements
Kiptagich Branch
CONTACTS
P.O. BOX 2085,
KERICHO.
TEL: 0746466262 OR 0719471633.
EMAIL: kiptagichbranch@kenyahighlandssacco.co.ke
Litein Branch
CONTACTS
P.O. BOX 2085,
KERICHO.
TEL: 0773773979 OR 0719471633.
EMAIL: liteinbranch@kenyahighlandssacco.co.ke
Kapsoit Branch
CONTACTS
P.O. BOX 2085,
KERICHO.
TEL:0777773980 OR
0719471633.
EMAIL: info@kenyahighlandssacco.co.ke
Silibwet Branch
CONTACTS
P.O. BOX 2085,
KERICHO.
TEL:0777773980 OR
0719471633.
EMAIL: info@kenyahighlandssacco.co.ke
Kaptumo Branch
CONTACTS
P.O. BOX 2085,
KERICHO.
TEL:0758421500 OR 0719471633.
EMAIL: kaptumobranch@kenyahighlandssacco.co.ke
Kabianga Branch
CONTACTS
P.O. BOX 2085,
KERICHO.
TEL: 0773773977 OR 0719471633.
EMAIL: kabiangabranch@kenyahighlandssacco.co.ke
Kericho Branch
CONTACTS
P.O. BOX 2085,
KERICHO.
TEL: 0773773978 OR
0719471633.
EMAIL: kcobranch@kenyahighlandssacco.co.ke
Kenya Highlands Sacco Membership Requirements
How To Join
Every applicant for membership shall complete an “application for membership” form. This form shall be drawn to show all the information required for the purpose of registration of a member.
An applicant shall be admitted to membership on application upon payment of Entrance fees and at least minimum par value of shares as shall be fixed by the General Meeting from time to time. On being admitted the member shall furnish the society with two passport size photos, a Nominee form and a certified copy of the National Identity Card.
Upon admission the member’s name shall be entered in the membership register and a membership number issued.
Memberships
Membership consist of all members who signed the application for registration paid membership fee and minimum shares as per the policy. They may include: Tea farmers, Dairy farmers, Sugar cane farmers, Coffee farmers, Civil servants, Business community, Micro groups, among others.
Saving and Investment Products
Ordinary Savings
Requirements
Available for all eligible members, requirements: id copy, 150/= shillings and minimum account balance of 500/=
Biz-smart current Account
Available for customers who make frequent transactions, no restrictions on the number of withdrawals per day, requirements: id copy, 150/= shillings and minimum account balance of 500/=
Lakwet/Junior Account
This is a product for children under the age of 18 years, its operated by parent /guardian. Requirements: Child birth certificate, parent /guardian id copy, 150/= shillings and minimum account balance of 500/=
Fixed Deposit Account
this account allows members to deposit their cash for a fixed period/Term so as to earn interest. Minimum amount is 20,000/=
Pamoja Investment Account
This is an investment account available for all members. Cash is fixed for a stipulated period of time and earns interest on the number of months even when the agreed period hasn’t elapsed. flexible terms in withdrawals.
Institutional Shares
Available for all members it earns dividends every year
Unwithdrawable Deposits
available to all members and can be used as collateral for loan. Can be contributed through standing orders or cash it yield dividends every year
Building Shares
Available for all members who whish to invest, its minimum balance is 2,000/= also earns dividends yearly.
Kenya Highlands Sacco Loans
FOSA LOANS
Inua Biashara Advance
Characteristics
- Available to business customers
2.Repayable within 2-30 days
3.Interest rate of 5% p.m for loans exceeding ksh 4000 and a flat rate of ksh 200 for loans below ksh 4,000
4.Minimum of ksh 1,000 to a maximum ksh 100,000
5.Processing fee ksh 50
Requirements
- Fully filled application form
2.Maximum Six (6) guarantors
3. Must be contributing regular deposits for at least 2 weeks
4.Must have business deposits a/c for daily collection
Special Salary Advance
Requirements
1.Maximum Six (6) guarantors
2.Salary must be channelled through FOSA Account for at least 3 months
3.The advance application form must be endorsed by the employer
4.Attached pay slip & ID copy
5.Dully-filled application form
Maisha Bora Bima Loan
Requirements
1.A member fills the form attached pay slip and photo copy of identity card.
2.Minimum of three guarantors
3.Copy of NHIF CARD
4.Incase of other policy cover the logbook must be presented as well as the physical asset for inspection and valuation.
5.repayable in 12 months
Dividend Advance
Requirements
- Cumulative slip indicating production per year
- Original slip for the crop product processors
- Maximum Six (6) guarantors
- Dully filled advance application form
Salary loan
Requirements
1.Maximum six(6) guarantors
2.Salary must be channelled through FOSA Account for at least 4 months
3.The advance application form must be endorsed by the employer
4.Attached payslip & ID copy
5.Dully-filled application form
Maziwa Special Advance
Requirements
1.For individual members, 4 monthly incomes will be considered and the primary co-operative society will a sign commitment letter
2.The client will fill the relevant form
3.Attach a copy of identity card.
4.In case of the co-operative society, they should provide authority letter to borrow from the co-operative officer.
5.Minimum of four guarantors
Farm Loan
Requirements
1.Dully-filled application form
2.Attach payslip & copy of the ID card
3.Three months statement
4.Maximum Six (6) guarantors
Special Crop Advance
Requirements
- Maximum Six (6) guarantors
2. Salary must be channeled through FOSA Account for at least 3 months
3. The advance application form must be endorsed by the employer
4. Attached payslip & ID copy
5. Dully-filled application form
Fanikisha Salary
Requirements
1.dully-filled application form
2.pay slip/6 months statement
3.employer to must endorse the application form
4.Above 1 million requires collateral
5.maximum six(6) guarantors
Maziwa Loan
Requirements
1.For individual members, 4 monthly income will consider and the primary co-operative society will sign a commitment letter
2.For societies, an MOU is to be signed between the two organizations,
The client will fill the relevant form
3.In case of the co-operative society, they should provide authority letter to borrow from the co-operative officer
4.Minimum of four guarantors
5.Attach a copy of identity card.
BOSA LOANS
Asset Finance loan
Requirements
1.The asset must be comprehensively insured and if movable property, be put on a tracking device at applicant cost.
2.The asset must be presented in the office for physical inspection or at the approved Sacco agent.
3.Anti-theft devices are to be installed.
4.The member shall be required to sign a formal agreement by way of instrument of charge, thereby giving the society first lien on the subject asset.
5.A member shall not dispose of the asset under an instrument of charge unless written consent granted by the society.
6.Member must complete the loan application form.
7.must have good credit rating with CRB.
Boresha loan
Characteristics
1.loan given three times business deposits
2.First loan is up to a maximum of ksh100,000 and the subsequent loan is up to
ksh700,000
3.Repayable in 6-24 months
4.repayment frequency is daily, weekly and monthly
5.two(2) weeks grace period
6.interest charged 16% straight-line Business deposit mature for a loan after a period of 4months
Requirements
1.Must have a business account for daily collection
2.Business license required for formal business
3.Valid collateral for loans
exceeding 100,000
4.Dully filled application form
5.Maximum six(6) guarantors
6.Bank,mpesa,sacco statement
required
Msingi Loan
Characteristics
- Available to members with a registered business who meet the requirements
2. Minimum amount available Ksh. 10,000.
3.repayment period 12 months to 36 months depending on the loan amount
4. Loan below Ksh.100,000 may be guaranteed by an individual while an amount above Ksh.100,000 must provide collateral that should be registered in the applicant’s name or attached with a transfer form dully filled.
5. appraisal fee 1%
6.Risk fund fee 1%
7. transfer fee 50
8. Loan form fee Ksh. 100
9. Interest 14.5% p.a. on
reducing balance
10. maximum 5 million
Requirements
- existing business –trade license
2. financial statement of the borrower
3. Dully filled application form
4. If trading in a business name- registration certificate for the business name
Micro Credit Loan
Requirements
1.Groups of 10-20 members
2.Group must save for at least 2 months
3. All group members savings guarantee the individual members loan
4.Additional Monthly savings of 5% of the amount of loan issued to be deducted on loan given
5.dully filled application form
6.repayment period 12months
Daima Development Loan
Available to permanent and pensionable salaried employees. It’s strictly Check off system loan and before the loan is issued an active M.O.U with the employer should be in place. Repayable in 48-60 months.
Requirements
Must have been a member in the Society for at least 4 months, must be fully guaranteed, dully filled application form, 2/3 rule shall apply.
Normal Crop/Salary/Maziwa Loan
Available for farmers and salaried members, It’s based on three times the deposit with the Society but subject to repayment ability with interest rate of 12% p.m. Repayment period is between 12-36 months.
Requirements
Must have been a member in the Society for at least 4 months, Must be fully guaranteed, subject to deposit pledged and ability to pay, dully filled application form, 2/3 rule shall apply.
Salary Development Loan
Available only to salaried employees, who meet the requirements; it’s strictly Check off system loan and before the loan is issued an active M.O.U with the employer should be in place. Repayable in 48-60 months
Requirements
Must have been a member in the Society for at least 4 months, must be fully guaranteed, dully filled application form, 2/3 rule shall apply.
Normal Crop/Salary/Maziwa Loan
Available for farmers and salaried members, It’s based on three times the deposit with the Society but subject to repayment ability with interest rate of 12% p.m. Repayment period is between 12-36 months.
Requirements
Must have been a member in the Society for at least 4 months, Must be fully guaranteed, subject to deposit pledged and ability to pay, dully filled application form, 2/3 rule shall apply.
Salary Development Loan
Available only to salaried employees, who meet the requirements; it’s strictly Check off system loan and before the loan is issued an active M.O.U with the employer should be in place. Repayable in 48-60 months
Requirements
Must have been a member in the Society for at least 4 months, must be fully guaranteed, dully filled application form, 2/3 rule shall apply.
Salary Development loan
Available only to salaried employees, who meet the requirements; it’s strictly Check off system loan and before the loan is issued an active M.O.U with the employer should be in place. Repayable in 48-60 months
Requirements
Must have been a member in the Society for at least 4 months, must be fully guaranteed, dully filled application form, 2/3 rule shall apply.
Mpesa Paybills
Members can make deposits and Loan repayments through Mpesa Paybill
Go to M-PESA,
then select LIPA na M-PESA
select PAYBILL Enter 825920 as the Business Number
Account No: YOUR ID NUMBER
Enter the amount you wish to deposit ( between Kes10-300,000)
Enter Your M-PESA PIN
Confirm Details are correct and press OK
