An SMS notification with your member number shall be sent to your phone within 48 Hours.
Membership is open to all persons.
Yes, you can, through the paybill number 400222, and use Account Number: 1020853#membernumber.
Share capital is the portion of equity that a member owns in the Sacco. The amount is not withdrawable, but transferrable to another member in the case of termination of membership. Member deposits are the savings that are used as eligibility for a member to get a loan. They earn dividends and are refundable upon withdrawal from the Sacco. Savings is the money that is deposited in our Sacco accounts, including but not limited to Fixed Deposit.
Dividends are the proceeds that a member earns from their shares and member deposits. Their rates vary depending on the Sacco’s performance. Dividends are usually declared at the Sacco’s AGM.
Guarantors
A guarantor is eligible if they are actively contributing shares. 3 guarantors are required for one to get a loan.
Emergency loans and school fees loans and salary advances are processed within 24 hours. Other types of loans are processed within a month upon approval.
Kindly contact the nearest branch for verification of the same.
Yes, you can qualify for a loan after verification of your CRB status.
Smart Sacco aims to redefine financial wellness and empower members for life.
