BOSA SAVINGS

Member Deposits

Member deposits are a form of savings/Investment. A member can deposit money into this account any time through the various channels available. i.e.  Paybill 525200, Direct Deposit, and/or employer Check-off.

Features:

  • BOSA Deposits are not withdrawable.
  • Minimum monthly contribution is Kshs 3,000/- per month.
  • When applying for loans, the minimum monthly contribution shall be adjusted depending on the loan amount as follows;
    From Kshs 1 up to Kshs 1,000,000 - Kshs 3,000/- per month From Kshs 1,000,001 and above - Kshs 5,000/- per month
  • Earns interest annually
  • Used to borrow loan X3 or X 4
  • Used to guarantee loans.
  • In case of death, the sink fund (insurance) scheme doubles the deposits of the deceased member and pays it to the next of kin
  • Property Conveyancing
  • Environmental Law
  • Corporate Law
  • Insurance
  • Intellectual Property
  • Litigation
  • Employment & Labour Law

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