Long Term Deposit / Share Deposit

  • This amount is contributed by a member to determine borrowing power from Sacco.
  • Also known as Share Deposits for BOSA, FOSA Premium Savings for FOSA and Group Premium savings for GROUPS/ MSCA members.
  • Minimum monthly deposit is Ksh 3,000 (BOSA), 2000 (FOSA) & 1,200 (MScA).
  • Higher deposits give you a higher borrowing power.
  • Used as security against your loan and those you guarantee.
  • Earn rebates/interests.
  • Refundable upon termination of membership as per the SAcco By-laws.