Types of Savings

GROOTS Sacco Society has two types of saving accounts for its members i.e Shamba Account and Savings Account.

Shamba Account is a new product from the SACCO Members to save for a period of time. It’s in the first phase of operation and the members save an agreed amount for the Shamba “kiti”. The account will be used for women who want to save up for purchasing a land for themselves. The amount saved after the lapse of the first quarter will be presented for assessment of a loan from the SACCO and land purchased will be subdivided among the members in the first phase