Alternatively;
• Yes.
Any active member in good standing is allowed to be a guarantor. A member whose current guarantees do not exceed 3 times of the deposits and is not a defaulter can be a guarantor.
GFE is a social welfare fund that was established to accord members and their immediate families a decent send-off upon demise. All members are required to pay kshs.100 every month as GFE. A member is required to list his/her immediate family in the application form prior.GFE covers up to 7 family members.
Entitlements are as follows;
When a member dies the family is given Kshs 115,000
Spouse kshs 45,000/=
Children kshs 45,000/=
Parents Kshs 40,000/=
Our contacts;
Maisha Bora Sacco Society Limited
Unilever Kenya Ltd, Commercial Street, Industrial Area
P. O. Box 72713-00200
Nairobi, Kenya
Mobile: +254 709 446 000
Email: info@maishaborasacco.com
Website: https://www.maishaborasacco.com/
How to remit funds to the Sacco
2a. Direct deposit / EFT / RTGS
Bank |
Co-operative Bank |
Equity Bank |
Bank Branch |
Enterprise |
Enterprise |
Bank Account Number |
01120000568600 |
0800292523510 |
Bank Account Name |
Maisha Bora Sacco Ltd |
Maisha Bora Sacco Ltd |
Bank & branch Code (for local payments only) |
11056 |
68 (080) |
Bank Swift Code: (for cross border payments only) |
kcookena |
EQBLKENA |
2b. How to deposit through Equitel and Eazzy banking App
NB: For Equity bank agent POS follow these steps: Third party Deposit> Bill payment> Bill payment> Enter Paybill followed by space then member number i.e. 600110 123456
To keep your account updated;
How to pay mobile loans
How to pay loan through *346# (USSD)
First Register on Msacco and follow these steps to apply for mobile loan:
The minimum contribution is kshs 1,100/=. Kshs 100/= caters for the benevolent, kshs 1,000/= savings. You can deposit any amount that you prefer into the FOSA account.
The Maximum share capital is kshs 1,000,000/=. As per the dividend issued in 2020, share capital earned 15% while savings earned 9.5%.
The Fixed (Maisha Investment Plan Account) the funds can be deposited Monthly, You don't have to pay a monthly fixed account or even deposit money every month, As of right now, the interest rate is at 6%, For MIP you can give us a 2 week notice before you collect the funds, Without the notice the funds will continue earning interest.
A settlement account is a receiving account that holds the funds awaiting distribution as per account responsibilities. (loan, shares, deposits)
You can activate the account by depositing a minimum amount of Kshs 1100 into your shares.