Deposit Savings
Acumen SACCO monthly contribution allow members to contribute a fixed amount of money on a monthly basis as part of our savings plan. This contribution can be tailored to meet the member's financial capabilities and objectives.
Deposits /BOSA/savings
- These are contributions made by a member on a monthly basis.
- This savings help members to save secure loans at 3 times or 5 times(for collateral loans) the total amount saved and guarantee other members’ loans.
- Minimum monthly contribution is Kes 2,000.
- Withdrawal from this account is processed within 60 days after a written notice of withdrawal is received.
- Refunds will only be effected if a member has cleared ALL their loan obligations and discharged any guarantees attached to the deposits.
- A member who maintains an active deposits account is entitled to rebates at the end of each financial year determined by Sacco performance.
