Savings and Deposits
Yathu SACCO provides a wide range of loan products to meet the diverse needs of its members, including personal, emergency, business, and material-based financing. Loan eligibility is determined by the member’s savings history, repayment capacity, and shareholding.
Ordinary Deposits
Members are required to maintain a minimum book balance of MK1,000 and make monthly savings of at least MK2,000. Ordinary deposits can be withdrawn at any time and earn 8% interest per annum.
Fixed Deposits
This savings product allows members to invest a lump sum for a fixed period and earn higher returns. Fixed deposits earn 12% interest per annum and can only be withdrawn at maturity. Early withdrawals attract a 1% penalty, and deposits are automatically rolled over upon maturity if not withdrawn. The available investment periods are 2 months, 3 months, 6 months, and 12 months.