Mwalimu Sacco Burial Benevolent Fund-BBF

Burial Benevolent Fund-BBF

1. Used to accord members and their immediate families a decent burial
2. 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

1. Monthly contribution is 400
2. 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

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