The Last Respect is an insurance scheme for members which cover the member, their spouse,children upto the age of 25 years. In the event of death the beneficiary or the spouse is paid Kshs. 30,000.

The dividends shall be computed as the half product of the total interest and the fraction of the total savings of the group by the individual member; half of the interests shall remain Groups Expansions. Dividend factor = (Individual contribution(max save of 5,000 Pm.))/(Total contributions by the group) x Accumulative net interest.

SASRA is an acronym for SACCO Societies Regulatory Authority; an institution created by the SACCO Societies Act. It is empowered with the following mandates: Licensing; Regulating; Supervising SACCO Societies; Protecting interests of SACCO members and Promoting the interests of SACCOs. SASRA operates a deposit guarantee fund which safeguards the members of a failed SACCO by refunding their deposits up to Ksh. 100,000 initially net of liabilities

A member can pay any amounts he desires into the society’s bank account at his own convenience the original deposit slip or copy of the transfer instruction in the case of electronic transfers should be delivered to the SACCO treasurer.

The maximum loan amount a member can be given at any one time is two times the member’s savings