Transcript ekeza savings and credit c avings and credit co

EKEZA SAVINGS AND CREDIT CO-OPERATIVE
CO OPERATIVE SOCIETY LIMITED
Victory Plaza, Opposite Mathai Supermarket, Thika
P.O. Box 3633 – 01000, Thika Tel: 0721-868826/0707-257262
257262
Email: [email protected] www.ekezasacco.co.ke
MEMBERSHIP APPLICATION FORM
I hereby make an application for membership of the society and agree to abide by the
by-laws
laws and any amendments thereof of the Ekeza Saving and Credit Co
Co-operative
Society Limited
Name: .......... ..........................................
..................... ....................
Date of Birth:..........................
..........................
Occupation: . ..........................................
..................... ID No.:.. ....... ................................
................................Attach copy
Current Address: ...................................
..................... Postal Code: ...............................
............. Town:.......
Place of work / Business ........................
..................... .................... Position: ..... ............................
Building:....... ..........................................
..................... Floor: .................................Street
Street:..................
Home address:. ......................................
..................... Postal Code:.............. Town: .........................
Mobile No.: .. ..........................................
..................... Landline: .... ..................... ............................
Email: .......... ..........................................
..................... .................... ..................... ............................
Applicant's Signature: .............................
..................... .................... ........... Date: ............................
Witnessed by: .......................................
..................... Signature:..................Member
Member No.
No.:................
(Witness
Witness must be an existing active member of the society)
Cash payments to be deposited directly to our A/c. Our office/agent will only acc
accept
cheques or banking slips. (The
The society will not be liable for any cash given to any of the sacco
representative.)
AUTHORITY FOR SALARY DEDUCTIONS
I Dr/Mr/Mrs. Miss : .................................
..................... .................... ..................... Authorize you to
deduct my monthly salary Ksh.:
Ksh. ............ .................... .....................
Pay to Ekeza Sacco society Ltd. With effect from the month of .......... 20 ....................
Signature: .... ..........................................
..................... ..................................
Pin No.: ...... ..........................................
..................... ID No.: ..................... ................................
....................................
Signature: ... ..........................................
..................... Date: ..................... ................................
....................................
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NOMINATED NEXT OF KIN
I, the undersigned in the event of my death whilst a member of the society hereby instruct
the society to pay all amounts due to me, less any debts to the society to the person
named in this section. (The name of the nominee can be given in a sealed letter) I
understand that I may alter the name of the nominated next of kin by filling a subsequent
nominated next of kin forms.
NOMINATED NEXT OF KIN’S (FULL NAMES):........................ ....................................
RELATION TO THE APPLICANT: ................................ .ID NO.: .................................
ADDRESS OF NEXT OF KIN: ...................................... CODE NO.: ............................
SIGNATURE OF THE APPLICANT: ............... .........................
NAME OF WITNESS: .................................... ...........................
SIGNATURE OF WITNESS: .......................... ......................... ....................................
FOR OFFICIAL USE ONLY
CHECKED BY: ................................................ SIGNATURE: . ....................................
DECISION (BOARD): .................................... ......................... ....................................
RECRUITED BY:............................................. ......................... ....................................
SIGNATURE:................................................... MEMBER NO.:.......................................
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EKEZA SACCO LTD.
BRIEFS
MEMBERSHIP
 Registration Ksh. 2000/=
 Minimum monthly contributions Ksh. 1,000/=
 To contribute for six months to be eligible to the lending facilities
 Loan applicants entitled to three (3) times his/her total deposits but subject to
maximum lending limit of Kshs. 1,000,000 currently.
 Maximum repayment period is sixty (60) months for normal loan and twelve
months for emergency loans
 The rate of interest charge is 10% per annum on reducing balance
SECURITY OPTIONS
a.) Guarantors
Should be members of the society
The loan applicant’s deposits plus guarantors(s) deposits should equalize to
the amount of loan applied for the loan to be sufficiently secured.
b.) Chattels mortgage
NB
The loan applicant is entitled to one (1) month grace-period before he/she starts loan
repayments.
ILLUSTRATIONS:
Interest Charged: Reducing balance method
1st Installment: 1% of the principal amount
2nd Installment: 1% of the remaining principal balance
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