Utele Sacco Objectives:
Promote thrift among its members by affording them an opportunity for accumulating their savings and
deposits and create thereby a source of funds from which loans can be made to them exclusively for provident and productive purposes, at fair and reasonable rates of interest; thereby enabling them to use and control their money for their mutual benefit.
2. Ensure personal growth through the introduction of new products and services that will promote the economic base of the members.
3. Ensure progress of members and the Society through continuous education programs on proper use of credit, reduction of poverty, human dignity and co-operation.
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Utele Sacco products and services
LOANS:
We offer 3 types of Loans;
1. Development (Normal Loan)
- Repayment Period - 48 months
- Interest 1% per month
2. Education (school fees)
- Repayment Period - 12 months
- Interest 1% per month
3. Emergency Loan
- Repayment Period - 12 months
- Interest 1% per month
- MAX Amount - Kshs. 100, 000
Loans shall be secured by the members’savings, other savings in the SACCO and at least three guarantors. Other Benefits:
Dividends and interest on shares and
deposits .
