If you can’t find an answer below please call us at +254721765045 or email methodistsacco@yahoo.com Our staff will respond to you promptly.
What can we do for you
Frequently Asked Questions
We are located at the Methodist Ministries Centre, Conference Office on Oloitoktok Rd, Lavington area, Nairobi
Download the membership application form from the downloads section or fill an online form, attach your passport photo, copy of ID and a copy of KRA pin certificate. You will also need to be introduced by a Member of the Sacco.
Yes, Kshs.1,000 payable once.
Yes, the Minimum Monthly Contribution is Ksh.1,000 for individuals and Ksh.3,000
Yes, you may introduce your friends, colleagues and family to join the Sacco. You will enjoy a commission for this.
You need to have a Guarantor/s if borrowing over and above your savings. Currently, the Sacco has also opened up to other forms of security e.g. Tittle Deeds, Logbooks.
You may have even one although the total amount requested MUST be fully Guaranteed.
Through Bank standing order, direct debits, M-Pesa Paybill 322500, cash deposits at Sacco offices, and Employer Check off.
Yes! They can also borrow up to 5 times savings. They also MUST be registered with the relevant authority and contribute a minimum of Ksh. 1,000 every month
Save and access affordable loans at only 1% p.m., you get Clean Land deals and you also get to save for your future.
You need to save consistently for at least 6 months
Yes. If you deposit a lump sum you can qualify for a loan 3 or 4 times your total savings after top up.
Yes we do, all you need is seek advice from our credit officers by presenting Latest Certified Loan Statement/s from the Financial Institution.
This varies on the type of loan a member is borrowing: The processing period for a long term loan is within 2 weeks while that of short term loan is within a day.