Back Office Services

In line with our mission to steadfastly provide responsive and innovative financial solutions to our members, in order to meet their financial needs and desires, we pride of a wide range of products and services and relentlessly aspire to meet and exceed our members’ demands.

Commonly known as BOSA, Back Office Services Activities is the backbone of the Co-operative movement’s financial inclusivity program. It is at this point that a member is recruited into a SACCO and begin their journey to financial freedom.

1. 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

  • BOSA Deposits are not withdrawable.
  • Minimum monthly contribution is Kshs 3,000/- per month, if a member has no Loan.
  • 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 for other members
  • In case of death, the sink fund (insurance) scheme doubles the deposits of the deceased member and pays it to the next of kin

NB: This account is automatic upon registration of a new member.

 
  • Property Conveyancing
  • Environmental Law
  • Corporate Law
  • Insurance
  • Intellectual Property
  • Litigation
  • Employment & Labour Law
Scroll to Top