BENEFITS OF JOINING SUNBIRD SACCO

• Savings and Fixed Deposit Accounts have higher Interest rates than Commercial Banks
• More favourable loans which are easily accessible once one becomes a member
• Loans are disbursed quickly
• Competitive Interest rates
• Members are the owners of the SACCO
• All loans are insured on death of member
• If a member pays off a loan before the end of the loan period, no penalty is charged

 

IMPORTANT INFORMATION

• Loan Interest is calculated using reducing balance method
• Loan Processing and Insurance fees are deducted from the Loan amount
• Minimum monthly share contribution is MK5,000.00
• Minimum monthly deposit/saving contribution is MK1,000.00
• Sunbird SACCO is payroll based
• Member Registration is MK2,000.00