Savings products
Build a habit of saving that grows your borrowing power, carries you through the festive season and secures your children's future.
Member Deposits
Member Deposits are the heart of your relationship with Tumsifu. You save at least KES 500 every month, which keeps your membership active and builds your savings.
Your savings decide how much you can borrow: up to three times your deposits. Steady saving is the surest way to access bigger loans when you need them.
Key features
- First deposit
- KES 500 minimum
- Monthly deposit
- KES 500 minimum
- Loan limit
- 3× your savings
- Interest on deposits
- Set each year, as determined by the auditors
- Withdrawal
- Not allowed while you are a member; refunded only when you exit the SACCO
Christmas Savings
Celebrate Christmas with your family without stress or debt. Save from KES 500 a month, starting any time of the year, and receive your savings in December, in time for the festive season.
It's a simple, disciplined way to plan for travel, gifts, school shopping for January, and time together.
Key features
- Minimum monthly saving
- KES 500
- Saving period
- No limit: start any time
- Payout
- December
- Interest
- None: it is purely for saving
Junior Account
Give your children a head start. A Junior Account lets members save on behalf of a child, building a fund for school fees, a first project or further studies.
It's also a wonderful way to teach children the value of saving and good stewardship from an early age.
Key features
- Who can open
- Members, for their children
- Age
- Up to 18 years
- Opening balance
- None
- Interest
- None
- Documents
- The child's basic bio-data and the guardian's details
How to save
Ways to make your contributions
M-Pesa Paybill
Paybill 4188309. For the account, enter your ID, phone or member number followed by the code for the account you are paying into, for example 12345678MD:
- MD
- Member Deposits
- SC
- Share Capital
- CS
- Christmas Savings
- NL
- Normal Loan
- SL
- School Fees Loan
- EL
- Emergency Loan
- REG
- Registration fee
Standing order
Set up a standing order from your bank so your monthly deposit is never missed. Pay into: Co-operative Bank, Karen Branch, Account No. 01100500721500.
At the office
Visit us at Karen Community Church on Ngong View Road.
Your deposits are recorded in your membership deposit booklet and online account. Always use your ID, phone or member number and the account code as the reference. Tumsifu will never ask you to pay into a personal number.
Start saving with Tumsifu
Join with KES 3,500 and watch your savings, and your borrowing power, grow.