Save, invest and earn with Mombo Sacco Ltd
Mombo Sacco’s brand is built by its personal approach to savings and lending. It offers competitive financial products and engages techniques that lead to faster and efficient service. In addition, we encourage open and honest conversations with our members, driven by our need to empower our members to achieve their financial goals. Whether they are looking to save money, live a better and fulfilling life, ascend in their careers or invest in the future, the Mombo Sacco community works to empower our members to accomplish the goals they set to achieve.
We offer competitive market rates on loans, in addition to,
- Six (6) percent annual compound interest rate on savings and all shares purchased have guaranteed dividends.
- One hundred (100) percent insurance on savings. Savings are insured against death, permanent disability and critical illness with Liberty Life Holdings Ltd? In the event of the latter, members and stated beneficiaries will receive twice the value of the affected member’s savings.
- Networking. We organize formal and informal members’ meetings, from dinners and happy hours, to panel sessions.
- Unemployment status benefits. In the event a member gets of out employment, our management team can consider halting on a temporary basis, any loan repayments to enable the affected member time to find suitable employment. In addition, our career advisory team will be ready to help members in their new job searches.
- Entrepreneurship advice. We support, incubate and provide advice to our member’s business ideas through our entrepreneurship mentorship program. The program involves series of workshops where members will meet and engage with our business executives, and receive advice about how they can build and grow their business ideas.
- Loan guarantee. We link members with each other, and enable them to offer guaranteeship to members during loan applications with smaller, manageable amounts based on their savings. This makes the usually laborious and tiresome process of loan guaranteeship easier, and ensures that members are protected during loan repayment. We have also digitized the guaranteeing process, available on member’s online portals.