MEHO Savings

MEHO Savings


Project Description

The MEHO Savings Product is an innovative savings account designed to help members save for medical expenses, education, and holidays. With an attractive interest rate of 15% per annum, members can watch their savings grow quickly. This product provides a unique opportunity for members to plan for their future healthcare, education, and travel needs, while earning a competitive return on their savings.

Features

  • Attracts a guaranteed minimum interest of 15% per annum.
  • Transferable to monthly deposits contribution without any charges.
  • Allow the members to access Home comfort loan product with multiplier of three (3) times the savings.
  • Minimum contribution of ksh.34.00 per day through MSACCO or Ksh.1,000.00 per month via checkoff facility
  • Allow non-members to contribute through Chamaas.
  • Minimum savings of Ksh.12,000.00 per year to qualify for interest payment.

 

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