Exodus SACCO Products
Our Financial Solutions
Interest: 5.00% per annum
Min Balance: 200,000.00
ORDINARY SAVINGS ACCOUNT
This is a basic savings account that each member of the SACCO must have upon entry.They use it to save until exit
Interest: 5.00% per annum
Min Balance: 0.00
TARGET SAVINGS ACCOUNT
This is a savings account in which a member contributes a predetermined amount of money for a specific period of time to meet a specific goal.
Interest: 7.00% per annum
Min Balance: 0.00
RETIREMENT SAVINGS ACCOUNT
A savings account in which an engaged member can consistently deposits funds and withdraws them only upon departing from the SACCO.
Interest: 4.00% per annum
Min Balance: 20,000
H-COY SAVINGS ACCOUNT
This is a savings product extended to children below 18 years of belonging to active SACCO members.
Interest: 9.00% to 11.00% p.a.
Min Balance: 2,000,000
FIXED DEPOSIT ACCOUNT
This is a savings product allows the member to accrue interest on a single substantial deposit (boom) for a predetermined period.
Interest: 0
Min Balance: 100,000
SHARES ACCOUNT
This is a savings account that allows members to buy shares in the SACCO.
Interest: 14% p.a.
Term: Up to 60 months
BASIC LOAN
A loan product intended for general economic development of SACCO members.
Interest: 12% p.a.
Term: Up to 12 months
SCHOOL FEES LOAN
These are loans extended to members for the purposes of enhancing education for their family members.
Interest: 5% p.m
Term: Up to 24 months
EMERGENCY LOAN
This is a special facility extended to SACCO's members within 24 hours to meet emergency needs.
Interest: 10% p.a.
Term: Up to 60 months
ASSET FINANCING LOAN
This is a loan product designed specifically for members who want to finance the purchase of any assets with the primary aim of generating income. for example Land, Motor vehicles, Machinery
Interest: 14% p.a.
Term: 12 months
GROUP LOAN
This is a loan product given to an organized group of members. All members in the group must hold membership in Exodus.
Interest: 8% p.a.
Term: Ongoing
GROUP SAVINGS ACCOUNT
A savings account for organized groups with a maximum of 30 members. Group must be registered with certificate of registration.
