This product has been developed to assist members save for a holiday outing

  1. Savings should be made regularly, usually monthly, not later than 10th of the following month
  2. Minimum monthly saving is KES 1,000/=, Subject to periodical review.
  3. Additional savings can be provided at any other given time of the month
  4. The member can opt to withdraw whole or part of the savings – a maximum of two (2) times during any calendar year
  5. Minimum saving duration is four (4) calendar months
  6. These savings cannot be used for loan guarantee to self or others
  7. The SACCO shall have charge over such savings in the event of loan defaults by member or those who have been guaranteed by the member
  8. These savings are eligible for a monthly interest, at 4% pa or a rate to be determined from time to time
  9. These savings are not eligible for any annual interest that shall be declared by the SACCO as surplus at the end of each financial year.