Microfinance/Group Savings

NYATI SACCO GROUP LOANS

Are you in a solidarity or investment group?

REQUIREMENTS TO JOIN NYATI SACCO SOCIETY LIMITED

  • Certificate of registration.
  • Constitution of the group.
  • List of members.
  • Group minutes resolving to join Nyati Sacco.
  • ID copies and passport photos of authorized signatories
  • Solidarity group Registration fee is 2220/= per member and Investment groups is 1000/=
  • Minimum savings 400/= per week per member for solidarity groups and 5000/= per month for investment groups.
  • Save for a minimum period of 3 months and access loans up to 3 times of your contributions
  • Interest charged at 1.5% p.m. on reducing balance.
  • Maximum repayment period is 36 months
  • Appraisal fee is charged at 1%
  • Maximum Loan 1,000,000
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