Savings Products
A partnership with the MSME’s that started in Mombasa has brought about growth and made Ecobiz Sacco a home for the mama mbogas and the men in the small trade.
We have designed products that suit their daily hustles.
Bidii/Soko Account
This account is for you the trader and individual who makes daily incomes and wants to make the best of themselves and their businesses out of their daily earnings.
These include Bodaboda, mama mboga/house helps.
Savings
This account is open to all members requiring them to make weekly contributions to build their savings.
Loan Products
This will be through providing both short term and long term credit facilities to members to provide the much-needed working capital.
Features
The installment amount to be decided after the loan has been approved before disbursement.
10% of the loan amount will be deducted from the loan and credited to members’ savings accounts shared equally to go towards savings and share capital accumulation.
Loan guarantors who are also members of the SACCO.
No Top-up loans will be done to the members.
Long term loans commence after 6 months of consistent savings of the agreed minimum amount per month and Share capital of Kshs. 1,000.00 fully paid. At this point, the members enjoy the common benefits of a fully-fledged member in addition to the negotiated package.