Home business kenya IMARISHA SACCO LOANS INTEREST, JOBS, BRANCHES, CONTACTS, SHORT CODES AND DIVIDENDS

IMARISHA SACCO LOANS INTEREST, JOBS, BRANCHES, CONTACTS, SHORT CODES AND DIVIDENDS

SHARE

Imarisha Cooperative Savings & Credit Society Limited, also known as Imarisha Sacco Limited, but often referred to as Imarisha Sacco.

Imarisha sacco was established in 1978, under the name: Kipsigis Teachers Sacco, with the support of two teachers’ unions, namely (a) Kenya National Union of Teachers (KNUT) and (b) Kenya Union of Post Primary Education Teachers (KUPPET). With an initial membership of 100 teachers, the objective was to meet the financial needs of teachers, using funds mobilized from the members. In 2014, the society re-branded to its current name and began to accept members outside the teaching profession

IMARISHA SACCO LOANS INTERESTS

Loan Products

Normal/development loan

  • Open to all members
  • Amount eligible: 3 times the value of shares held
  • Repayment period: 48 months
  • Interest rate: 1% on reducing balance

Emergency Loan

  • Designed to cater for unforeseen circumstances
  • Amount eligible: 3 times the value of shares held
  • Repayment period: 12 months
  • Interest rate: 1% on reducing balance
  • Member must have serviced all other loans

Education Loan

  • Meant to help members pay school/college fees
  • Amount eligible: 3 times the value of shares held
  • Repayment period: 12 months
  • Interest rate: 1% on reducing balance

Premium Loan

  • Amount eligible: 3 times the value of shares held
  • Repayment period: 60 months
  • Interest rate: 1% on reducing balance as well as a 1,5 premium interest recovered upfront.

Re-Finance Loan

  • Meant for members wishing to re-finance their existing loans
  • Amount eligible: 3 times the value of shares held
  • Repayment period: 48 months
  • Interest rate: 1% on reducing balance

Introductory Loan

  • Available to new members who are on a salary
  • Amount eligible: Maximum of Ksh 200,000
  • Repayment period: 12 months
  • Interest rate: 1% on reducing balance
  • One-third (1/3) of the loan given will be capitalised to shares

Pepea Loan

  • Designed for members awaiting pension payments
  • Amount eligible: Ksh 10,000 per month for up to 12 months
  • Interest rate:
  • Loan and interest will be recovered from pension payments

Sacco has introduced new loan products among them Pamoja, Chapchap, Soko, muwa , Kilimo, Chama, Binafsi, Daraja loans.

IMARISHA SACCO SHORT CODES

HORT CODE  PRODUCT NAME
 DE SHARES
 EL EMERGENCY LOAN
 FD FOSA DEPOSIT
 IL INUA LOAN
 LT LONG TERM ADVANCE
 MF MICRO – LOAN
 MS MICRO- SAVINGS
 NL NORMAL LOAN
 PL PREMIUM LOAN
 RL REFINANCE LOAN
 SA FOSA SAVINGS
 SL SCHOOL FEES
 ST SHORT TERM ADVANCE
 WL WOMEN LOAN
 CH CO-OP HOUSE

Guidelines

  1. MPESA MENU
  2. LIPA NA M-P ESA
  3. GO TO PAY B ILL
  4. Enter Business No. 982 100
  5. Enter Account No. Short CODE plus your ID NO. De133402 00
  6. Enter Amo unt 1 000
  7. PIN No. 1 234

IMARISHA SACCO MOBILE BANKING

By Dialling *882# (Safaricom line) on your phone,
you are prompted with a step-by-step guideline:

Welcome to M-Imarisha1. Bank to M-Pesa
2. My Account
3. Utilities
4. Mobile Loan
5. Other Services
6. Change PIN
7. Exit

Select option e.g. No.1 to withdraw from account to M-Pesa

IMARISHA SACCO DIVIDENDS

it is one of the best SACCO’s in Kenya with high dividends of around 10-13%

IMARISHA SACCO NEWS

Technology
The society has also adopted modern technology which includes the introduction of E-loan dubbed M-Ima loan, Agency banking, Digital Cyber centre, E-guarantors and Biometric system to improve on efficiency and service delivery to its members.

Fosa Senior citizen’s account
The Sacco at the same time launched a savings account that will enable its members save while still in service. This savings will cushion them as they wait for their pension which normally takes long after retirement

Marketing outlets
To increase its market base, Ruto announced, the society will soon open new outlets in Nairobi,Nakuru,Narok,Kilgoris and other target areas.
The delegates in the meeting adopted the chair report and the financial statements.

IMARISHA SACCO CONTACTS

Imarisha Sacco Society Ltd
P.O Box 682 – 20200
Kericho, Kenya
Call: 0720 290 222
Email: kerichohq@imarishasacco.co.ke
http://imarishasacco.co.ke

IMARISHA SACCO JOB VACANCIES

We will update you once vacancies are advertised

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