At Dumisha sacco, We prioritize in offering the best complementary services to our clients. Our operations at the branches are harmonized through WAN which means deposits and withdrawals can be done in any branch successfully.

FOSA PRODUCTS

SAVINGS/ SUOM ACCOUNT

Benefits

  • No opening balance required
  • No account opening fee
  • Minimum account operating balance Kshs.500/=
  • Very competitive interest rates
FIXED DEPOSIT ACCOUNT

Benefits

  • Minimum start up deposit Kshs.50,000/=
  • Very attractive interest rates offered
  • May be used as security against FOSA Loans
CHILDREN ACCOUNT

Benefits

  • No ledger fees
  • No opening balance
  • Minimum operating balance Cash 500/=
  • Free internal standing order
Holiday account

Benefits

  • No ledger fees
  • No opening balance required
  • Minimum operating balance Ksh.500
  • Withdrawable once a year from 15th December.
M PESA SERVICES

M-Pesa available at Head office- Maralal and our branches in Wamba and Baragoi.

SALARY ACCOUNT

These are designed to meet needs of all salaried customers (Civil Servants, NGO’s Institution and Corporate bodies)

OVERDRAFT FACILITY

The product targets all members with good credit history in the Sacco.

MICRO SAVER PROGRAMME (M.S.P.)

This is a new product that targets small business person’s needs in group and individuals.

  1. Group Requirement
  • Opening of the group accounts
  • Opening of individual account
  • Registered group or in the process of registering with the concerned Ministry
  • Be in a group of 10-15 members
  • Weekly or monthly savings for minimum period of 6 weeks
  • Should have existing business
  • Should be 18 years of age and above
  • The group should have a constitution.

BENEFIT/SERVICE

  • Pamoja loan given to an individual member within the group
  • Grace period before the 1st loan repayment instalment of one month
  • Loan disbursement is within 24 hours
  • Promote individual savings
  1. Individual Requirement
  • Should be an account holder in FOSA for the last six months
  • Should have a saving with the M.S.P for 8 weeks
  • Should be a businessman/woman (Small Business- shops, livestock, agriculture etc)
  • Loan is given at three times members’ savings.

BOSA PRODUCTS

DEVELOPMENT LOAN

The products targets the development needs of members subject to his/her savings.

  • The loans are given at three times member savings
  • Attracts interest of 1% on reducing balance
  • Repayment period; maximum of 48 months
EMERGENCY LOAN

The loan product is designed to meet emergency needs of members

  • Repayment is 12 months
  • Can be provided when still servicing other loans
  • Interest of 1% on reducing balance.
SCHOOL FEES LOAN

The product meets the school fees needs of members and their children

  • Repaid in one calendar year
  • Interest of 1% on reducing balance
  • Accessible to all members, but those who contribute to Kshs.300/= to the education scheme can access the loan for a period of up to 24 months.
BRIDGE LOAN

The loan is designed to supplement and clear the outstanding loan for the member unfinished projects

  • Interest of 1% p.m.
  • Loan attract clearance fee of 8% on outstanding loan
CO-OP LOAN

 this loan product is designed to help members who have long term projects

  • Repayment is 48 months
  • Can be provided to members while still serving other loans
  • Interest is 1 % p.m.
PERSONAL LOAN

this is a long term loan which is spread for a long period of time hence favourable repayment schedule

  • Interest is 1.1% p.m.
  • Repayment period is 24-72 months
  • One must have 100,000 shares and above and pay-slip ability.