NAME OF SACCO; Imarika Sacco
BRIEF DESCRIPTION OF THE SACCO;
The sacco was at first Malindi Teachers Sacco then Kilifi Teachers Sacco before its current name Imarika Sacco.
The Sacco has grown to a membership of more than 38,000 members across Kenya and in the Diaspora, we have resolved to rebrand and become the essence of our brand – a stable and secure financial institution that assures its members of security and growth.
HOW TO JOIN, REQUIREMENTS
One can join the Sacco by visiting their website or by visiting the Sacco’s nearest branches through the contacts listed below.
SERVICES, LOAN PRODUCTS OFFERED
ORDINARY SAVINGS ACCOUNT
Account opening fee of Ksh 600
Minimum opening balance of Ksh 1,000/-
Free balance inquiry
Linked to ATM and mobile banking services
Statement requisition ksh30/-
Minimum interest earning balance ksh2000/- and rate is as determined by the Board
SCHOOL FEES ACCOUNT
Ideally this account is to enable members save for school fees
Open to all members
Minimum deposit ksh1,000/-
A/c to have regular deposits
Minimum interest earning balance 2,000/- rate is as may be determined by Board
On request by the member, the SACCO can pay fees directly to the school.
Free statement of a/c every quarter.
HOLIDAY ACCOUNT
Ideally this account is to enable members save for their holidays
Open to all members
Minimum deposit ksh1,000/-
A/c to have regular deposits
Minimum interest earning balance 2,000/- rate is as may be determined by Board
Free statement of account every quarter.
MEDICAL ACCOUNT
Minimum opening balance Ksh1,000/-
Regular deposits
No restrictions on withdrawals
Minimum interest earning balance Ksh 2,000/- rate is as may be determined by Board
Free statement of account every quarter.
EKEZA SAVINGS ACCOUNT
No minimum balance
Earn interest at Kshs. 5,000
The best interest rates
Loan is after six months savings through Mavuno tele loan
MAVUNO TELE LOAN
This is the loan for businessmen and women who have the Ekeza Savings Account. As long as you save regularly you can borrow your average savings!
Applicable to starting or existing businessmen
48 months maximum repayment period
Loan secured by collateral or guarantors
CURRENT ACCOUNT
This account is a strategic solution aimed at offering operational solutions to members who operate business ventures.
Benefits of current accounts.
Enables mulitiple payments
Security of transactions/ cash
Facilitates Record keeping
Facilitates Bulk payments
Eliminates the need to visit any of the Branches
Cost effective
Free quarterly statements
Imarika current account features
Opening balance Kshs. 1000
Free quarterly statements
No below minimum balance fee
Monthly account maintenance fee
Unlimited withdrawals
Competitive interest rates over (Ksh. 250,000/=)
Cheque book.
FIXED DEPOSIT ACCOUNT
This account enables members to save lump sums in their possesion, with an aim to invest in a given project in the near future.
Minimum deposit amount Ksh. 10,000/=
Minimum interest earning period 3 months
Attractive interest rate which is negotiated based on amount fixed and period
Has an option of pre-mature withdrawal and re-investment.
MSCA SAVINGS
The MSCA savings is a weekly contribution made by every member of a MSCA group with the aim of acquiring a loan. The total premiums contributed after ten (10) weeks and above by a member is what will be used to determine the amount of loan to be given to the member when he/she comes to borrow.
HOW TO SAVE IN THE SACCO
DIVIDENDS PAID BY THE SACCO
REQUIREMENTS FOR LOAN APPLICATIONS, INTEREST RATES, REPAYMENTS
SACCO CONTACTS, WEBSITE, EMAIL, PHONE,
Address:Kitecoh Complex, P.O. Box 712, Kilifi
Email:info@imarika.org
Phone:041-7522572/7525017
Fax:041-752 5001
SACCO OFFICES AND BRANCHES LOCATIONS AND CONTACTS
Malindi Town