EDUCATION SCHEME

Membership is open to members of Banki Kuu SACCO Society Ltd. To join the Scheme, fill in a membership application form and pay a registration fee of Kes 100. A member is required to make a minimum monthly contribution of Kes 500 and is eligible for a loan Thrice his/her shares and repayable within two years at an interest rate of 13.5% p.a. on a reducing balance. The sources of funds include a revolving fund from members’ deposits and borrowings from the Co-operative Bank of Kenya.

EDUCATION LOAN FACILITY

GET FUNDING FOR YOUR OWN OR YOUR KIDS EDUCATION.

Membership is open to members of Banki Kuu SACCO Society Ltd. To join the Scheme, fill in a membership application form and pay a registration fee of Kes 100. A member is required to make a minimum monthly contribution of Kes 500 and is eligible for a loan twice his/her shares based on his/her shares held on 30th June of the immediate past year and repayable within a calendar year at an interest rate of 13.5% p.a. on a reducing balance. The sources of funds include a revolving fund from members’ deposits and borrowings from the Co-operative Bank of Kenya.

 FEATURES  PACKAGE DETAILS
 Registration  Must be a member of Education Scheme
 Monthly Contributions  Education Savings Scheme contributions
 Loan Eligibility  After 6 months of continuous contributions
 Repayment  24 months
 Interest Rate  13.5% p.a reducing
 Loan Entitlement  3x Education Scheme Savings.
 Restructuring & Top-ups  Yes
 Top-up /Restructuring fee  2.5% One-off

 

 

CHEQUE ENCASHMENT FACILITY(CEFE)

Encash your cheque against your deposit the facility is open to all members in any of the schemes. Members can encash their personal cheques against their deposits to a maximum of kes 50000 in the premium package kshs 50000 in the platinum package repayable within 30 days from the date of issue members will be required to enclose a cheque including 10% fee of the value of the cheque the fee will be charged at a flat rate regardless of the duration of the repayment period

 FEATURES  PACKAGE DETAILS
 Registration

 Must be a member of Education Scheme

 (Open to all members in any of the Schemes)

 Monthly Contributions  Education Savings contributions
 Loan Eligibility  After 6 months of continuous contributions
 Repayment  30 days from the date of issue with the option of rolling over upon payment of 10% 
 Interest Rate  10% of the cheque value
 Loan Entitlement  Max. loan 50,000 Kshs.