credit committee presentation - Kimisitu Sacco

Customer CareIn order to serve you better, Each organizationhas been allocated a relationship officer who isin charge of all issues relating to theorganizations. Member’s should note thefollowing:- Indicate your member number whendepositing cash and cheques directly toKimisitu account.Your partner to prosperityCustomer Care Ensure that you forward the bank deposit slipto the office for receipting as soon as possible. When placing standing orders please indicateyour member number in addition to yourname. Ensure that you forward the copy of standingorder to the office immediately.Your partner to prosperityBenefits Of Taking A SaccoLoan It is cheaper compared to bank loan Deductions are constant; not adjusted withinflation rate. Interest is paid back to the member in forms ofdividends. There is personal touch since the member ispart of the Sacco. No hidden charges.Recovery of Defaulted Loans A Loan is in default when it is 3 consecutivemonths overdue. Any loan defaulted for more than three months,will be recovered instantly, first from theindividual member’s shares, then the guarantorsunless the guarantors request to repay the loanthrough check off.Your partner to prosperity5

Members’ Views We are currently performing aproduct survey on proposed newproducts.THANK YOUKindly take a few minutes and fillthe survey form.Your partner to prosperity6