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IMARIKA AT YOUR FINGERTIPS
How do I become a member of Imarika Sacco?
You can become a member by filling out the membership application form available on our website or visiting any of our branches. You will need to provide identification documents and pay a membership fee.
What types of loans does Imarika Sacco offer?
Imarika Sacco offers various loan products, including personal loans, business loans, asset financing, emergency loans, and micro loans.
What are the interest rates for loans and savings at Imarika Sacco?
Interest rates vary depending on the type of loan or savings product. Please refer to our website's specific product pages or contact our customer service for detailed information.
What documents do I need to open an account or apply for a loan?
Required documents typically include a valid ID, proof of residence, recent passport-sized photos, and any other documents specific to the product you are applying for. Detailed requirements are provided on the relevant product pages on our website.
What is the difference between share capital and deposits?
Share Capital is not refundable and is not considered in lending. Deposits are refundable and are considered in lending.
How are dividends and interest on deposits calculated?
Dividends are declared at the end of the financial year at the Annual Delegates meeting. The dividends and interest are calculated on a pro rata basis.
Can a member transfer their shares from another Sacco?
Yes, an Imarika Sacco member can transfer their shares from another Sacco.
Who can join Imarika Sacco?
Imarika Sacco is open to the public. Any individual/person(s) from all occupations can join e.g. farmers, employed, self-employed, and investment groups (Chamas) among others.
What are the requirements for joining Imarika Sacco?
The requirements for joining Imarika Sacco are a national identity card, KRA PIN, and proof of income.
Can I still be a member of Imarika Sacco even after I cease employment?
Yes, as long as you stay up to date with your monthly contributions.