Telematics Group

Telematics Group is a voluntary welfare group established in 2013 with a growing membership of over 30 members pooled from the employees of Telematics Africa Limited,Telematics Holdings Limited and Gelpha Limited.

Every member of the Group shall, on becoming a member, pay the Group a non-refundable registration fee of Ksh. 500 (five hundred Kenya shillings) or such other fee as may be prescribed.

Every member is required to pay a monthly contribution of not less than Ksh. 2,000.00 (Two thousand Kenya shillings) as shares or such other fee as may be determined by the General Meeting of the Group from time to time.

Our Products
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Salary Advance

A member can borrow a temporary overdraft to be recovered before or once the salaries are credited. This should not Exceed Two thirds (2/3) his/her net income. This attracts fixed interest of 1% of the borrowed amount.

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Emergency Loan

A member can borrow an emergency loan which attracts an interest rate of 5% p.m on reducing balance, with a maximum repayment period of three (3) months.

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Long Term Loans

A member can borrow up to twice his/her cumulative contribution in consideration of his/her pay commitment. Change of this may be determined by the General Meeting of the Group from time to time

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Welfare

Members are entitled to several welfare benefits derived from the welfare kitty.These include, but not limited to,medical hospitalizations (accidents/illness),birth,death,wedding,retirement etc

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Education Loans

This caters for primary and secondary fees.

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Insurance Premium Loans

This is a short-term credit facility that cover the upfront cost of your annual insurance premiums.

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Why Choose Us
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Low Interest Rates

The groups’s credit products are competitively priced as compared to banks and other financial institutions.

Faster Loan Processing

Loans & Salary Advance are processed within a day, depending on availability of funds.

Dividend Sharing

The interest paid on the group’s loans is redistributed back to members as interest on deposit and dividends.

24/7 Available

The Society has a human face when dealing with it’s members

Management

Members have a greater say in the management of the group and are represented in the supreme governance organ of the Society (AGM).

Telematics Group by the numbers
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30

Members

KSH. 500

Registration Fee

KSH. 2,000

Minimum Monthly Contribution