CHILDRENS ACCOUNT

Let us sacrifice our today so that our children can have a better tomorrow

  • The parents/guardian can open account for the child below is 18 years. When a child attains 18 years the account is converted to Main membership account. (Girl child) or can be closed.
  • This account offers members an opportunity to save money and earn interest of 4%.
  • Contributors KRA PIN required.
  • Withholding tax deducted on interest upon redemption.
  • Processing fee of 100 charged on redemption.
  • It’s processed on member’s request for 7 working days
  • Funds from this account can be used to guarantee principle member’s loan.
  • Note: If funds are held as guarantee, the member cannot withdraw from this account unless alternative security/guarantee is provided.
  • Joining fee Kshs 500.

Requirements:

  • Complete an application form
  • Provide a copy of their birth certificate
  • Provide one passport size photograph for the child.
  • No Minimum contribution.