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CHUNA SACCO SOCIETY LIMITED UNIVERSITY OF NAIROBIP.O. BOX 3019700100, NAIROBI TEL: 318262 ext. 28332/0733809421/0705951672 Email: chunasacco yahoo.com/chunasacco uonbi.ac.ke Website: http//chuna.uonbi.ac.keVISION:.

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How to fill out the Chuna Sacco online

This guide provides comprehensive instructions on how to fill out the Chuna Sacco loan application form online. Follow the steps carefully to ensure your application is completed accurately.

Follow the steps to successfully complete your loan application.

  1. Click 'Get Form' button to access the Chuna Sacco loan application form.
  2. Fill in the applicant’s details, including UON/PR No, member number, FOSA account number, mobile number, and date of application. Make sure to input accurate personal information.
  3. In part 1, provide your personal particulars like your name, ID number, date of birth, home address, city/town, county, nearest institution, source of income, occupation, employer details, and KRA PIN.
  4. In part 2, specify the loan particulars. Indicate the amount you wish to apply for, both in figures and words, as well as the period for repayment.
  5. Select the type of loan you are applying for by ticking the appropriate box. Specify the purpose of the loan in the designated space provided.
  6. In part 3, indicate any loans you wish to clear through Chuna and provide details of outstanding amounts along with relevant statements if needed.
  7. Fill out the part regarding guarantors, providing at least the necessary details for the required number of guarantors, including signatures.
  8. In part 5, list any personal commitments you are pledging as security and authorize modifications to your share contributions if applicable.
  9. Review the general terms and conditions in part 6, ensuring you understand the requirements and obligations involved in taking out a loan.
  10. Complete part 7 about specific terms for FOSA loans if applicable, providing the necessary information about your salary passing through CHUNA FOSA.
  11. Once all fields are filled accurately, save changes and choose to download, print, or share the completed form.

Complete your loan document online to take the next step towards ensuring your financial needs are met.

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One of the main objectives of Saccos is to offer members a way of accessing credit by allowing them to borrow up to three times against their savings. The amount that members contribute every month is used to provide loans to other members. In turn, the debtor is charged interest that is distributed among members.

Saccos generally charge members fairly lower interest rates (averaging at 1% per month) as compared to other financiers such as commercial banks and micro-finance institutions. The advantage is that you can save more and invest more.

CPA/CFFE Martin Ogola - Chief Executive Officer - Chuna Sacco | LinkedIn.

Savings and Credit Cooperative Organization (SACCO) Training Manual. Page 1. Savings and Credit Cooperative. Organization (SACCO)

Meaning of a Saving and Credit Cooperative Organisations A SACCO is an abbreviation of Savings and Credit Cooperative Organisation or Society. SACCOs are voluntary associations where by members regularly pool their savings, and subsequently obtain loans which they use for different purposes.

Compound Interest Saving in a SACCO allows your money to earn interest on deposits, whose rate is ratified by members at the annual general meeting, depending on the SACCO's financial performance. Thus, rather than cashing in on your interest, you re-invest it into your savings, which causes it to grow over time.

Meaning of a Saving and Credit Cooperative Organisations A SACCO is an abbreviation of Savings and Credit Cooperative Organisation or Society. SACCOs are voluntary associations where by members regularly pool their savings, and subsequently obtain loans which they use for different purposes.

The findings revealed that SACCOs face number of risks that require a system of risk management in order to manage and carry their businesses to their member‟s satisfaction. These risks include and not limited to, pure risk, speculative risk, fundamental risk due to inflation, operational risk and financial risk.

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