Your Welfare, Our Business

Chama Account

Chama Account

The Chama Account is a product tailored to suit the needs of investment groups/ ‘chamas’ that increases accountability and trust within your Chama.

  1. A written resolution (minutes) by members to join Nation Sacco
  2. Certificate of incorporation
  3. Company’s PIN certificate
  4. Entrance fee of kshs. 1000
  5. Relevant signing mandates with appropriate identification documents
  6. A copy of the constitution of the group
  1. The Chama will need to have saved for at least 6.
  2. Maximum Loan amount is Kes15,000,000 subject to a maximum 5X group savings, ability to repay and collateral to be issued
  3. Maximum Loan tenure 36 months
  4. Competitive interest rates
  5. Access to free Chama workshops on a quarterly basis
  6. Group members who are individual members of Nation Sacco can co-guarantee the Group Loan

N/B: The Group Chama shall consist of at least 5 members (for registered groups) to a maximum of 35 members.

1 +
Members
1 +
Years of Existence
1 +
Partners