Below are important details about Nufaika Sacco:
Types of Accounts
Personal Savings Account
Everyone is eligible to open. Has no restriction on withdrawal i.e. maximum of KES 100,000.
Nufaika Junior Account
Opened and operated by parents/guardians on behalf of person below the age of 18.
Holiday Account
Account meant for holiday savings. Has one withdrawal per year and no withdrawal charges.
Business/Jijenge Account
Account meant for business transactions and remittances of farm proceeds like tea, coffee, milk, rice, etc.
Back Office Services
Bosa Deposits
Amounts used as security against loans. These amounts are drawable on resignation of 60 days. These amounts are used as measures for members loans eligibility.
Normal Loan
Meant for capital investment. Maximum repayment period of 60 months. Interest rate on reducing balance.
School Fees Loan
Meant to assist in payment of school fees for members children or themselves. Maximum repayment period of 18 months. Interest rate on reducing balances
BOSA Advance
Flexible period. Maximum repayment period of 12 months. Low interest rate on reducing basis.
Special Emergency Loan
Meant to assist members in case of emergencies i.e. medical expenses. Maximum repayment period of 12 months. Interest on reducing balance.
Business Loan
Issued to the business people. Repayable in 36 months. Interest rate on reducing balance.
Instant Loan
Loan applied and processed instantly Flexible repayment period of up to 24 months
Supa Loan
Flexible repayment period of up to 36 months. Interest payable on reducing balance basis.
Front Office Services
Jibambe Loan
Has attractive terms of payment and no ledger fees. Maximum repayment of 12 months and interest rate on reducing balance.
FOSA Advance
Members are allowed to overdraw their account for a period of three months
Okoa Loan
Has attractive terms of payment. Maximum repayment period of six months and interest rate on reducing balance,
Mobile Banking
Our mobile banking system allows members to deposit, withdraw, balance inquiry, airtime purchase and e-loan application
Salary Processing
Get your pay from your employer or other parties who pay you. e.g milk, coffee, tea, etc.
Lipa Kwa Sacco
By use of our transaction fee free Mpesa Paybill, your customers can deposit directly to your Nufaika Sacco account
Paybill Number is 799090
Other Services
Agency Banking. M-pesa services. NHIF Payment. Bankers cheque.
Nufaika Sacco Contacts
Nufaika Sacco Society Ltd.
Location: ACK Building – Next to Kerugoya Bus Stage
P.O. Box 735-10300 Kerugoya, Kenya
Tel: (254)-0707-054632
Email: info@nufaikasacco.co.ke
Business Hours
Monday – Friday: 8:00a.m to 4:00 p.m
Saturday: 8:00a.m to 12:00p.m
Sundays & Public Holidays: Closed
