February 8, 2023

Sacco Review|The Leading Newspaper for Co-operative Movement in Kenya

The Leading Newspaper for Co-operative Movement in Kenya

Imarisha Sacco launches tailor made products for new members

Mathew Ruto, Imarisha Sacco Chairman

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By Benedict Ng’etich

Imarisha Sacco has launched new tailor-made products   to help new members achieve their financial dreams.

Sacco Chairman Mathew Ruto noted that the products include the take off loan which caters for newly employed people and does not require one to have deposits. The repayment period is 84 months and the applicant should have minimum share capital.

“We have the needs of our newly employed teachers at heart hence we innovated these products to enable them access financial stability,”Ruto said.

The Sacco reviewed the amount of Karibu loan from Ksh 70,000 to Ksh 100,000. The loan doesn’t require shares but a posting letter and casualty from the school.

The superior product has a repayment period of 96 months and can be accessed by all members. One is eligible for 4 times their deposits.

“We developed these products since we’re keen on ensuring that all our members from all walks of life benefit from the variety of products and services. We therefore encourage all our member to patronize the newly developed products.’’ Ruto concluded.