Burial Benevolent Fund-BBF
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- Used to accord members and their immediate families a decent burial
- Monthly contribution is 150
| PERSON | ENTITLEMENT IN KSH. |
| Self | 60,000 |
| Spouse | 55,000 |
| Own children | 35,000. (up to a max of 6 children) |
| Own parents | 20,000 |
| Parents in-law | 15,000 |
Supporting documents required during a claim:
- Certified copy of death certificate/permit for burial
- Birth notification form/ birth certificate (for all claims on own child)
- Radio announcement or newspaper caption or letter from Chief/ head of institution
- Any other supporting documents (specify)
Risk Fund
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- Monthly contribution is 400
- Used to pay the outstanding loans of deceased members and double the monthly deposits to be paid to the nominee(s).
LAST EXPENSE BENEFIT (PAID IN ADDITION TO SACCO’S BBF BENEFITS)
| PERSON | ENTITLEMENT IN KSH. |
| Self | 120,000 |
| Spouse | 80,000 |
| Own children | 40,000 (up to a max of 4 children) |
| Own parents | N/A |
| Parents in-law | N/A |
For efficiency in payment the members should:
- Confirm and update their nominees with the Sacco to avoid legal
- In case of more than one nominee, clearly indicate the percentage allocation for each
