They are normal monthly deposit contributions by members towards their share deposits (The minimum monthly contribution is Kes 3,000 or upto 5% of one’s basic salary)
These deposits are used as collateral when one has not guaranteed other people.
Accumulated deposits attracts annual interest on deposits
b) Watoto Accounts
Minimum savings of Kes 500
The saving is withdrawable after 6 months.
Annual interest of 8% is paid on pro rata.
c) Withdrawable Accounts
This is a saving account from which a member can deposit and withdraw money when need arises.