Welcome to SIROWA SACCO: Your Path to Financial Freedom

SIROWA SACCO is a community-focused financial organization that is dedicated to helping its members achieve their financial goals. Whether you want to save for the future, invest in your business, or manage your finances more effectively, we are here to help you every step of the way.

Our commitment to our members is reflected in the various programs and services we offer. As a member of SIROWA SACCO, you will have access to a wide range of benefits, including our savings program, loan program, and ownership stake in our organization.

To become a member of SIROWA SACCO, you will need to invest in one share at a cost of KES 100. This investment will give you an ownership stake in the Sacco and allow you to participate in our various programs and services. Additionally, a non-refundable fee of KES 1,200 is required to officially register as a member of SIROWA SACCO.

To help us grow and sustain our organization and provide the resources we need to support our members, a minimum share capital of KES 5,000 is required to become a member. However, once you become a member, you will have access to our savings program, which requires a minimum deposit of KES 100. This will allow you to build your savings balance over time and take advantage of the various benefits that come with being a member.

Our loan program offers an interest rate of 12% p.a., providing our members with affordable credit to help them reach their financial goals. Individuals may receive loans up to 7 times their savings balance, while groups, corporates, and families may receive loans up to 10 times their savings balance. We require guarantors to have savings equal to the loan amount or provide logbooks as collateral to ensure that our loans are issued responsibly and that our members are able to repay them as agreed.

Once you have fulfilled the registration fee, minimum share capital, savings minimum, and provided a satisfactory guarantee, loans will be issued to members. This ensures that our members are fully prepared to take advantage of our loan program and that we are able to support them in the most effective way possible.

To ensure the accuracy of our membership records and protect against fraud, we require acceptable forms of identification, such as national ID, passport, or birth certificate/notification.

At SIROWA SACCO, we are committed to helping our members achieve their financial goals. We are excited to welcome you as a valued member of our organization and look forward to helping you on your path to financial freedom. If you have any questions or would like to learn more about our programs and services, please don't hesitate to get in touch.

Best regards, The SIROWA SACCO Team

 

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