Ammar Sacco Society

Testimonials

Trusted by 2000+ Partners & Customers

“It's been 2 years since I found Bankio, and it's such a relief as a small business owner to not worry about unnecessary fees. I lost my credit card once, and the service was so quick.

Andrew Russel

VP of Marketing

“It's been 2 years since I found Bankio, and it's such a relief as a small business owner to not worry about unnecessary fees. I lost my credit card once, and the service was so quick.

Andrew Russel

VP of Marketing

“It's been 2 years since I found Bankio, and it's such a relief as a small business owner to not worry about unnecessary fees. I lost my credit card once, and the service was so quick.

Andrew Russel

VP of Marketing

“It's been 2 years since I found Bankio, and it's such a relief as a small business owner to not worry about unnecessary fees. I lost my credit card once, and the service was so quick.

Andrew Russel

VP of Marketing

“It's been 2 years since I found Bankio, and it's such a relief as a small business owner to not worry about unnecessary fees. I lost my credit card once, and the service was so quick.

Andrew Russel

VP of Marketing

FAQ

Questions & Answers

Who Can Join Us?

Ammar Sacco has open membership. This is a great opportunity for anyone willing to save, invest or take loans for asset purchase, business growth, education etc.

How do I become a member?

Fill an account opening form and surrender a certified copy of ID and KRA Pin.

Pay Kshs.500 being membership registration fee.

Buy minimum share capital of 200 shares of Ksh.20 each worth Ksh.4000.

Commence monthly contribution to deposits.

Member Deposits (BOSA)

Every member of the Sacco must make regular contributions (at least monthly) to the deposits.

The deposits are member's savings hence one decides how much to save regularly.

Deposits are refundable when a member exits (withdraws) from the Sacco.

Deposits earn interest (dividends) as adopted by the ADM every year.

Deposits determine the borrowing level (as a multiplier) and the guarantee level for a member.

How to Qualify/ Apply for Loan?

Members can qualify to apply for loan after regular contribution for three months.

A member fills the loan application form provided and attaches the required documents.

Once processed the funds are deposited in the members FOSA account from where he/she can transact or issue further instructions.

Member commences repayment of loan.

Ammar Sacco Bosa Shares

SACCO BOSA SHARES

Testimonials

Trusted by 2000+ Partners & Customers

FAQ

Questions & Answers

Who Can Join Us?

How do I become a member?

Member Deposits (BOSA)

How to Qualify/ Apply for Loan?