Our Mission
Our Vision
A full range of sacco products
Contact Us
Email:info@kemrisacco.com
KEMRI COOPERATIVE SAVING
AND CREDIT SOCIETY LIMITED (KEMRI SACCO)
The KEMRI SACCO is a Savings and Credit Co-operative Society
registered under the Co-operative Societies Act (Cap 490)
Laws of Kenya. It was founded in 1980 by members
working at KEMRI and Later membership was opened to staff of
non-common bond members because the primary aim is to provide members with an avenue to make savings and access credit for productive purposes.
Empower Members through Mobilization of Savings and
Prudent Investment Decisions
Be the financial savings investment partner of choice for our member
Transparency
• Integrity,
• Honesty
• Team work
• Professionalism
• Respect & Fairness
• Customer Focused
• Reliability
Membership is open to all provided that the member pays a
non-refundable registration fee of Ksh. 1,000.
The KEMRI SACCO
TYPE OF LOAN ,TERMS AND CONDITIONS
SUPER NORMAL LOAN
Processed monthly, repayment - 48months, 12% interest(p.a) reducing balance Maximum loan X2 of deposits
ACCELERATED NORMAL LOAN
10 working days processing period,repayment-36 months 16% interest charged upfront. Maximum loan X3 of deposits Interest rate charged 12% p.a reducing balance
INSTANT LOANS
Cheaper than all other mobile loan products Issued to cater for extreme emergencies, Issued within 24 hours based on capacity to pay, repayment period 6 months @5% monthly interest
NORMAL LOAN
3x member’s savings Repayment period - maximum of 36 months Existing loan must be cleared before applying for a new loan Interest rate charged 12% p.a
SCHOOL FEE LOAN
Interest rate 14% p.a reducing balance Payable within 12 months Only one loan may be granted at a time but members may apply for loans to clear existing school loan which if approved will attract an interest of 10% of the loan balance. Only three school fee applications may be made within a 12 months period.
EMERGENCY LOANS
Interest rate 12% p.a reducing balance Payable within 12 months Only one loan may be granted at a time but members may apply for loans to clear existing emergency loan which if approved will attract an interest of 10% of the loan balance. Only three school fee applications may be made within a 12 months period.
BENEVOLENT BENEFITS TO MEMBERS
01.
Pays the beneficiaries Ksh 50,000 for memberswho pass on to cover funeral expenses
02.
Pays the beneficiaries Ksh 20,000 for nuclear family members who pass on to cover funeral expenses.
03.
Used for offsetting any loan balances for members who pass on
KEMRI SACCO PRODUCTS
SAVINGS PRODUCTS
This scheme gives the member the opportunity to save monthly and build a deposit which is non-redrawable unless on termination of membership. The benefits include: 1.
LOAN PRODUCTS
GENERAL REQUIREMENTS
- All loans subject to 1/3 take home rule
- Total loans granted must not exceed three times (x3) of the members savings
- All loans shall be processed on first come basis
OTHER PRODUCTS
INSURANCE AGENCY – The Sacco acts as an insurance agency for member’s policy covers against, motor vehicle, property, retirement benefits among others. SCHOLARSHIPS SCHEME – The SACCO proactively shops for members’ children scholarships. Currently the SACCO is facilitating an education product by Co-operative Bank of Keny
Members Deposits
Members deposits provides a solution for members seeking to save securely and earn dividends at premium rates.
Members deposits also enable members access our affordable credit products by using their deposits as
guarantees.
This scheme gives the member the opportunity to save monthly and build a deposit which is non-redrawable unless on termination of membership.
This is mandatory for all registered members
Eligibility:
Minimum monthly share contribution of 10 percent
basic pay for salaried members.
Minimum of Ksh. 2000 for non-common bond members;
Holiday Savings Scheme
Plan for your next holiday in advance with minimal
struggle through our Holiday Savings Scheme.
This scheme is easy to open, offers competitive rates
of interest and has no ledger fees.
GENERAL REQUIREMENTS
- Allows you to save for a minimum of 12 months
- You can withdraw all your savings and start afresh
- No ledger fees.
- Attractive interest rate paid on withdrawal
Share Capital
Every member shall be required to contribute a minimum
of Ksh. 4000 as a share contribution upon joining.
This amount is mandatory for all members and can be
transferable, but not withdrawable.
Education Savings Scheme
Payments
Dear Member, Kemri sacco paybill is : 4080767. In order to serve you better, for M-pesa transactions, use the following procedure.
Mpesa Paybill – Business Number 4080767 – Account Number: your name/Mno/pno Code (E.G. Jose Mourihno***DEP) Amount – PIN.
The following are the codes: DEP- Deposit, NOR- Normal Loan, EM – Emergency loan , EDU – School fees loan, INST- Instant loan Hol – Holiday savings SHR – Share Capital.
For more details contact the office on 0713629194 or info@kemrisacco.com,kemrisacco@yahoo.com
