• Minimum monthly savings of Ksh. 500
• Minimum account balance of Ksh. 500
• Minimum balance to earn interest is Ksh. 3,000
• No ledger fees charged on the account
• Can be accessed through Mobile banking (M-Chai), over the counter and ATM card
• Cash withdrawal can be done at anytime
• Used for Salary Processing.

• Minimum monthly saving is Ksh. 500.
• Minimum account balance is Ksh. 500
• Maximum three withdrawals per year
• 25% discount on bankers’ cheque
• The account is operated by the guardian
• Interest paid at 2% above the interest paid on savings.
• No ledger fees charged on the account.
• Children given piggy banks for home savings and branded T-shirts.

Features:

• Interest rate is 1% pm on a reducing balance.
• Maximum Loan repayments period is 60 months.
• Chai fama Loan multiplier is 25 times the accumulative kgs for the last 12 months, then multiplied by the number of years the member has applied for the loan and the maximum period will be 5 years.
• Immediate loan buys off from other financial institutions.
• No loan buys off charges from other financial institutions.
• Farmer to change the pay point to Chai Sacco.
• Loan recovered from monthly proceeds, mini bonus, and Bonus.
• Guarantors-
  • Loan upto ksh 500,000 to be secured by guarantors whose pay point are in Chai Sacco or members who contribute monthly deposits.
  • Loan above ksh 500,000 to be secured by tangible securities such as Title deeds or logbook.

Benefits

• Quick processing and approval.
• Immediate Loan buy off.
• Flexible repayment period.

• Maximum repayment period of 72 months
• Interest rate of 1% p.m. reducing balance
• Maximum loan of up to 4 times member deposits and must not exceed the value of the property being bought
• Member can qualify for another investment loan on clearance arrangement within the security earlier provided.
• Loan secured with deposits and purchased land/property