The main objective of the Sacco is to provide members with an opportunity to save funds and obtain loans for provident and productive purposes. However, over the year the society has diversified its activities and services in its endeavor to satisfy member’s demands.

WHAT PRODUCTS AND SERVICES ARE AVAILABLE IN THE SOCIETY?

Over the years the Society has expanded its services and products to meet diverse needs and aspirations of the members. The Society being a member owned entity prides itself in being member focused so that the development of products and services are centred around the members needs.

The Society has in store the following products and services for consumption by the members.

(a) Saving facilities

Members are afforded with the opportunity to save funds on monthly basis for utilization in future. Members are encouraged to accelerate their monthly savings to improve the total savings. Members are motivated to save through highest savers awards both at national and provincial levels.

(b) Loan Services

(i) Loans for Development.

Loans for development are granted at three times the members savings and are repayable in 36 months. The processing period for development loans is one month.

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(ii) Instant Loans.

The eligibility to instant loans is similar to that of development
loans, however instant loans matures within one week after
submission of application forms at Head Office.

(iii) Emergency/School fees loans.

Emergency/School fees loans are granted according to the request
where the member has no outstanding loans.

(iv) Special Advances for loans clearance by cash -See FOSA services.

(c) Afya benevolent fund (ABF)

The contribution of one hundred shillings by members towards the ABF programme ensures that members savings and loans are insured in event of death.

Refunds of shares against deceased members are doubled while outstanding loans are written off through the ABF programme. The fund subsidises funeral expenses by contributing Kshs. 15,000/=, 10,000/= and 5,000/= in event of death of a member, spouse and child respectively. On resignation a member is refunded 50% of their total ABF contributions to build their savings.

(D) Investments for members jointly with Society/ branch group ventures

The Society encourages the members to invest surplus funds viably. Members invested jointly with the Society in Afya Co-operative Investments. The Society facilitates the members to invest in Branch Group ventures whereby members identify projects at the Local levels and acquire them.

(E) Over the counter trading services

The OTC facility enables members to trade in the shares they own in the Investments/Holding Co-operatives freely on willing buyers/willing sellers basis.

(F) Front office service activity (FOSA)

FOSA facilities offers services similar to those offered by Commercial Banks _ See FOSS services.

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(G) Decentralised Services

The Society decentralized various services to the Branch level. By bringing services at the members door steps; members are able to conveniently, access emergency loans, ABF funds and FOSA services.

(H) Customer care desk

Customer care Desk has been established at the Society’s Head Office to facilitate prompt services to customers who visit the Society. With the launch of the customer care desk customers will access all services at one spot.

BENEFITS OF SAVINGS TO MEMBERS

• The more the savings the higher the dividends
• High savings means a higher value of loans one can acquire.
• Security for future economic needs

(J) Lending
The core business is to lend to members at affordable rates. The Society has tailored different loans to suit its members. The interest rate for the loans is 1% per month on a reducing balance. A member must have completed six months before being eligible for any loan.

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