This product is designed to support the educational needs of SACCO mem- bers and their families. This program is designed to make it easier for members to finance their own education as well as those of their children. It pays for both academic and professional qualifications

Features

  • Affordable and Flexible: Suitable for KISEB and CIPS students, enabling them to pursue education with ease.
  • Comprehensive Coverage: Covers fees for all education stages, from primary school to university and professional qualifications.
  • Savings Plan: Members can save as low as Ksh. 1,000 monthly towards edu- cation.
  • Loan Multiples: Members can borrow up to four times their savings, with a maximum loan amount of Ksh. 500,000, minus any outstanding loans.
  • Repayment Terms: Loans are repayable within two years at an interest rate of 1% per month on a reducing balance.
  • Loan Restructuring and Top-Ups: Allowed as per SACCO policy with a one-off fee of 2.5%.

This program aims to support the educational aspirations of supplies practi- tioners and their families by providing affordable and accessible financial assistance.