Daystar multi-purpose Co-op Society ltd
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Sacco Background
Is a Savings and credit co-operative society.It started in 1990s as a Housing Co-operative Society Ltd and in 1991 it was changed to a Multipurpose Co-operative Society Ltd dealing with Saving(shares /deposits) and credit (loans to members). The ultimate objective of the sacco is to improve the welfare of the members through pooling of the resources in the form of monthly deposits and advancing the same to the members as loans.
LOANING POLICIES
To qualify for a loan, a member MUST
Have made regular contributions for a period of not less than 6 months
Submit loan form by 1stof every month
Guarantee the loan which is in excess of his/her deposits
Interest is 1%per month reducing balance method
MEMBERSHIP
Currently the society has over 200Members.A person shall be eligible for membership if he/she has following qualifications ;
is an employee of Daystar University or within Daystar Community,Ready to pay a non-refundable fee of Ksh(500/=)
Has NOT been convicted of a criminal offense involving fraud or dishonesty
Be ready to submit a monthly minimum deposit of ksh2000/=
Buy minimum shares worth ksh5000.. i.e 250 shares @ksh20
PRODUCTS
We offer below Products
Instant Loan
School fees loan
Normal/Development Loan
Refinance Loan
Emergency Loan
Special loan
Salary Advanced
Holiday savings
Mission
To mobilize savings and offer quality financial services through quality leadership for the benefit of our members and other stake holders
Vission
To be a Sacco of choice
Calender of events Current Year
Below are events for 2025