Savings Account
Jamii Bora Finance is the main programme of Jamii Bora Trust. Our members can open savings accounts with us and they can borrow twice as much as they have saved. By 30 November 2005, members’ net savings with Jamii Bora amounted to KES 355,107,780.
General Savings Accounts
All members should have a savings account with Jamii Bora. There is no minimum amount required. The main purpose of saving with Jamii Bora is to qualify for loans and other services of Jamii Bora. The savings can be withdrawn at any time if a member does not have a loan or has more savings than needed for the loan.
Special Savings Accounts
Members can also save for long-term purposes. Jamii Bora offers Children’s Education Accounts for parents who want to save for their children’s education. Savings in these accounts cannot be withdrawn until they mature.
Saving for Housing, for Retirement or other long term needs can be done in Jamii Bora Longer Term Savings Accounts. Savings in these accounts cannot be withdrawn until they mature. Withdrawal from these accounts shall be done at the time of maturity. Interest will not be paid on amounts that are withdrawn before the account matures.
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