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Traded On:  18th-August-2015
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SUKARI SACCO
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SUKARI Sacco

VISION
To be a leading Sacco providing world class financial products and services.

MISSION
To effectively mobilize resources and provide financial products and services through excellent product development and service delivery.

BACKGROUND
Sukari Sacco Society Limited was registered on the 16th November 1973 CS/No 2185. The SACCO area of operation is the entire Mumias sugar belt zone. Its registered Head Office is at the SACCO ultra modern Building situated at Mumias Sugar Co. Ltd. in Mumias off Mumias-Bungoma Road. It has a membership of over 35,000 members who include Mumias Sugar Co. employees, St. Marys Hospital employees, St. Marys School of Clinical Medicine employees Farmers in the sugar zone and Individual business persons from the region.

Sukari Sacco society is one of the few SACCOs which have partially opened up their common bond to allow those in formal employment outside the primary membership to be members. This has allowed members of the wider community to access banking services through its ultra-modern FOSA. Institutions and the general public have an opportunity to open savings accounts in the Society FOSA.

Our Customers can now access the accounts through Sacco link (visa branded A.T.M). These services have helped us change the landscape of the SACCO business in the country. Excellent product development and service delivery.

sukari sacco fosa


FOSA PRODUCTS

Product

Loan Condition

Duration

Interest per month on reducing balance

Premier loan

Ability to repay

Up to 30 months

1.58%

Salary advance

Ability to repay

Up to 12 months

8%

Crop advance

Up to 70% of crop proceeds

On crop payment

10%

BOSA loan advance

Up to 30% of approved amount

On loan disbursement

10%

 

 

 

 



Product

Minimum account balance

Account opening fee

Interest payable

Sukari Savings Account

Kshs. 800.00

Kshs. 400.00

Above market rates

Sukari Junior Savings Account

Zero

Zero

Above market rates

Holiday Account

Zero

Zero

Above market rates

School Fees Account

Zero

Zero

Above market rates

Super Savings Account

Zero

Zero

Above market rates

Medical Savings Account

Zero

Zero

Above market rates

Non-withdrawable Savings

--------------

1,200.00

9% (variable)

Fixed Deposit Account

Kshs. 50,000.00

1 to 2 Months

4 %

Kshs. 50,000.00

3 to 5 Months

5 %

Kshs. 50,000.00

6 to 9 Months

6 %

Kshs. 50,000.00

Up to 12 Months

7 %



BOSA PRODUCTS

Product

Interest per month on reducing balance

Max. Period (months)

Normal / Development loan

1.25%

60

School Fees loan

1.25%

10

Emergency loans

1.25%

12

Refinancing loan

1.25%

60

Investment loan

1.25%

36

Prestige loan

1.33%

72


SOCIETY'S INVESTMENTS

Shares in KUSCCO, Co-operative Bank, Mumias Sugar Company, BAT, Barclays Bank of Kenya, CIC

Investment from members in form of loans/Advances.

Sukari SACCO Bank


Sukari SACCO Bank


CONTACTS
Sukari Sacco
CS/No. 2185
P.O. Box 841
Telephone: 056-641210
Fax: 056641031
Cellphone: 0725/546342
Email: sukarisacco@gmail.com
Tag Line: Our members are our most valuable asset.

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