Group Account

Requirements

• At least one member of the group must be a member of the Society.
• The Groups must be registered with the Ministry of Culture and Society Services or the Registrar of Societies.

Features

• Minimum account balance of Kshs.2,500
• Share capital of Kshs. 10,000/=.
• The Group to provide minutes authorizing the opening of the account, the names of the signatures and the mandate.
• The Group to provide a current certificate of registration.
• The account to earn interest at the prevailing market rates on savings accounts at the closure of the financial year.