Savings · Akiba
Save regularly. Invest by choice.
Njia mbili za kuweka akiba: akaunti ya akiba ya kawaida na akiba ya uwekezaji inayoshiriki faida halisi na hatari.
Which savings product is right for you?
| Feature | Everyday Savings | Profit-sharing Savings |
|---|---|---|
| Purpose | Safe, regular saving | Share in actual profit of eligible financing |
| What you get back | The amount you saved | Your balance plus or minus your share of actual profit or loss |
| Return | None promised | Expected profit, subject to actual performance |
| Risk to your money | Low — depends on SACCO's financial health | Higher — you can lose part of your money |
| Who it suits | Every member | Members with money they will not need for the term |
1. Everyday Savings Account
What it is
This is your everyday account at MeatSoko SACCO. Every member has one. Save small amounts often — daily after market, weekly, or monthly — and build a savings record with your own cooperative.
Your savings also show the SACCO that you save regularly, which may help when you apply for financing later.
Who it is for
- Every member — it opens automatically when your membership is approved.
- Farmers and pastoralists who want to save after livestock sales.
- Butchers, retailers and transporters who earn daily and want to set something aside.
- Staff and community members building a habit of regular saving.
How it works
Step 1: Join the SACCO
Your Everyday Savings Account opens when your membership is approved.Step 2: Choose your amount
Commit to at least KES 500 a month. You can pay more, more often.Step 3: Pay with M-Pesa
Use the current M-Pesa instructions provided by the SACCO and include your member number as the reference.Step 4: Get an SMS receipt
Every payment is confirmed. You can ask for a statement at any time.
Withdrawal and exit rules
How and when you can withdraw depends on the SACCO's by-laws and the type of SACCO business it is registered for. The rules will be confirmed and published before launch.
- Allow up to 30 days for a withdrawal request to be processed, subject to the by-laws and available liquidity.
- Withdrawals are paid only to your own registered M-Pesa line or bank account.
- Savings used as security for your financing, or for someone you have guaranteed, cannot be withdrawn until that obligation is cleared.
- If you leave the SACCO, your savings are refunded after any amounts you owe are settled, as the by-laws set out.
Statements
Before the member portal launches, you can request a statement by WhatsApp, email or at our office. After launch, you will be able to view balances and download statements in the member portal at any time.
Payment methods
- M-Pesa using the verified payment instructions shared after your application is confirmed.
- Payroll check-off for MeatSoko Group staff and contractors, with your written consent.
- Bank transfer or standing order using account details issued by the SACCO.
- Payment safety — do not pay a field officer or a personal number; request an official receipt.
Risks and disclosures
Before you choose Everyday Savings Account
- Savings are repaid at the amount you saved, but repayment depends on the SACCO's financial health.
- No deposit-protection cover has been confirmed. Do not assume your savings are insured.
- Your savings may be held as security for your own financing or for members you guarantee.
- Withdrawal notice periods may apply, so this account may not suit money you need the same day.
In Kiswahili
Kwa Kiswahili
Akiba ya kawaida
Hii ni akiba yako ya kawaida katika MeatSoko SACCO. Unaweka pesa kidogo kidogo kwa M-Pesa — kila siku, kila wiki au kila mwezi.
Unarudishiwa kiasi kile kile ulichoweka. Hakuna faida ya ziada inayoahidiwa. Kiwango cha chini ni KES 500 kwa mwezi.
Frequently asked questions
2. Profit-sharing Savings
What it is
Profit-sharing Savings lets members invest in the SACCO's financing activities and share in the actual profit those activities earn.
It is different from the Everyday Savings Account: here your money is invested and carries risk. It can earn a share of profit, and it can also make a loss.
Who it is for
- Members who already have an Everyday Savings Account and share capital in place.
- Members with money they will not need for the full term they choose.
- Members who understand that profit is not guaranteed and capital can be lost.
- Hotels, restaurants and institutions (if admitted as members) with surplus funds they want managed under clear terms and reporting.
How it works
Step 1: Read the terms
We explain the profit-sharing ratio, term options and risks. You complete a short check that you understand them.Step 2: Invest your amount
Pay at least KES 5,000 into your investment account.Step 3: Your money joins the pool
Members' money is pooled and used for member financing approved under SACCO policy and applicable law.Step 4: Profit is calculated
At the end of each quarter, the SACCO works out the pool's actual net profit.Step 5: Profit is shared
Members' share is divided according to how much each member invested and for how long. You receive a statement showing how it was calculated.
An illustration of profit-sharing
This illustration only shows how sharing works. It is not a forecast and the numbers are not real.
Suppose the pool makes KES 100,000 actual net profit in a period, and the agreed ratio is 60 : 40. Members' share is KES 60,000, divided among investors by how much they invested and for how long. The SACCO's share for managing the pool is KES 40,000. If the pool makes no profit, nobody receives profit. If it makes a loss, investors bear it in proportion to their money unless the SACCO was negligent.
Withdrawal and exit rules
- You choose a term of 3, 6 or 12 months when you invest.
- Early exit is possible with 30 days' notice. You may lose your share of the current period's profit.
- At the end of the term, you may renew or withdraw your balance — which may be higher or lower than what you invested.
- The profit-sharing ratio cannot be changed during your term. Any change applies only to new or renewed terms, with notice.
Statements
After every distribution period you receive a statement showing the pool's income, costs, net profit or loss, the ratio applied and your share. A summary of the pool's performance is published to members each year.
Payment methods
- M-Pesa using the verified payment instructions shared after your application is confirmed.
- Payroll check-off for MeatSoko Group staff and contractors, with your written consent.
- Bank transfer or standing order using account details issued by the SACCO.
- Payment safety — do not pay a field officer or a personal number; request an official receipt.
Risks and disclosures
Before you choose Profit-sharing Savings
- Returns are not guaranteed. You may receive no profit in some periods.
- You can lose part of the money you invest if the financing pool makes a loss.
- Past results do not predict future results.
- Early exit may mean losing the current period's profit share.
- This account is not covered by any guarantee or deposit-protection scheme.
- How the law classifies this product is still being reviewed; the product will only open once that review is complete.
In Kiswahili
Kwa Kiswahili
Akiba ya Uwekezaji
Katika akaunti ya uwekezaji, wewe unaweka pesa na SACCO inazisimamia kwa ufadhili wa wanachama wengine.
Faida halisi inagawanywa kwa uwiano uliokubaliwa mapema. Faida haijahakikishwa — inaweza kuwa sifuri, na hasara ikitokea bila uzembe wa SACCO, wawekezaji wanaibeba kulingana na pesa zao.