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Vuna Chama Savings Account

This product is tailored to suit the needs of investment groups/ ‘Chamas’.

Features

• Allows both Incorporated Groups and Informal Groups
• Tiered interest rates earned on the account
• Bank statements provide monthly
• Free financial advice
• 1 free withdrawal per quarter
• Minimum opening and operating balance from as low as Kes 2,000
• Member’s contributions can be sent via M-Pesa to the account

Requirements: (Non- Incorporated Groups)

• Registration Certificate from the Ministry of Culture & Social Services
• Constitution of group
• Minutes of the meeting appointing the group’s bankers
• Identification card and one passport sized photograph for all officials
• List of all group members, their contacts (including physical address) and their business activity

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