In order to help members to save and grow their money KEMU SACCO offers a variety of products and services:
Education Fund
This is a savings plan that enables members to accumulate funds for education purposes. It’s accumulated for a period of one year. The Fund earns interest once dividends & interest are declared.
Christmas Fund
This is a one-year savings plan which enables a member to accumulate funds on a monthly basis for use during the end-of-year festivities. The Fund is refundable in December every year. An administrative cost is charged for premature withdrawal of funds.
Leave Fund
This is a savings plan with a minimum monthly contribution of Kshs.500/= to be accessed when one is going on leave with a two weeks’ notice. An administrative cost of Kshs.200/= is charged. No interest is earned once dividends & interest are declared.
Fixed Deposits (Bingwa)
This is a savings plan where members deposit their money with the Sacco for a specified period of time and earn an interest of 8% p.a. The period ranges from 3 months to one year. The minimum amount is to save is Kshs.50,000/=.
Recreation Fund
This is a savings plan that enables members to accumulate savings on a monthly basis for use on organized trips or personal getaways. The Fund is accumulated for a year and is refundable upon request so long as the savings have completed a calendar year. It earns interest every year once declared.
Retirement Fund
This is a savings plan that enables members to accumulate funds for retirement. It is a token to carry home at the end of employment service. The Fund earns interest every year once declared.
Children Fund
This is a savings plan with a minimum monthly contribution of Kshs.500, which enables a member to accumulate funds for their children for future use. One can access 70% of the savings after the second year. An administrative cost of Kshs.500/= is charged on withdrawal of funds. For premature withdrawal of funds (before two years are over), an administrative cost of Kshs.2,000/= will be charged. One can access the full amount saved after the 5th year.