
List Of Tembo Sacco Products And Contacts
In this article, we will look at various Tembo Sacco products. Tembo Sacco is a deposit-taking Sacco that’s been around since 1972.
The Sacco was initially formed to serve employees of East Africa Breweries Limited. Membership is now open to all industries. The Sacco has enjoyed great financial development since its inception. It currently has over $3.61 billion in assets and serves over 4,000 members.
List Of Tembo Sacco Products
a) BOSA Products
Back Office Savings Activities (BOSA) allow members to contribute to savings products while also having access to credit facilities.
Share Capital
It represents SACCO’s membership ownership. This product is non-refundable, although it can be transferred to another Sacco member if one leaves.
Ksh.20,000 is the minimum share capital per member. (1000 ksh.20 shares). Tembo Sacco offers attractive returns on this commodity, with an average rate of 20%.
Sacco Deposits Contribution
Deposits indicate money that a member can get back if they quit the Sacco and give enough notice.
The monthly minimum contribution is Ksh.1000. They serve as multipliers when a member applies for a loan and can be used to guarantee loans for other members. Deposits are refundable to members who give 60 days’ notice and have not been used to guarantee a loan.
Tembo Sacco deposits can earn up to 11.5% per year in interest.
BOSA Special Savings
This product is intended for long-term goals such as vacations, construction, school tuition, weddings, and special projects. Its monthly minimum contribution is Ksh.500.
It pays 10% interest semiannually, in July and January. BOSA A special withdrawal can be made once a year with 30 days’ notice.
Benevolent Fund
