The KMA SACCO-UAP medical scheme is due for renewal on 8th June 2019. The scheme runs from June to June and has a two months window period of which members can join i.e. from 8th June 2019 – 8th August 2019.KMA Sacco Ltd through Tiba Insurance Agencies has also negotiated with Jubilee Insurance for a parallel medical scheme which runs from January –January. However, a member can join the Jubilee scheme at a prorated rate.
Qualifications of joining the schemes
N.B The medical schemes are open to both existing members and new applicants wishing to join.
Requirements for joining the medical scheme.
Notice is hereby given to KMA Savings and Credit Co-operative Society that pursuant to KMA SACCO LTD By-law 66, the Sacco in the event of any loan account going into default:
Please be guided accordingly.
In order to enhance greater value to SACCO Investors, the SACCO shall revise downwards the loan interest rate for Asset Finance, Equity Release, Kitengela Plots, Swift Development and Mid-Term Swift Development loans to 14% p.a. effective 1st January, 2018
Existing loans whose repayment is up to date will automatically move to the reduced interest rate for the remaining period of the loan. The SACCO will not extend the repayment period but investors are free to clear the loans earlier with no penalties.
Investors with loan arrears are required to update their loan account(s) by 31st December, 2017 in order to benefit from the reduced interest rate.