Methodist Sacco Ltd

The Methodist SACCO was formed in 1978 with a membership of 20 persons comprising mainly the clergy. Over time the lay people employed by MCK became members and the total membership has increased significantly.

Vision

Our vision is to become the Christian SACCO of choice in East and Central Africa.

Mission

The mission of the Methodist Sacco is to maximize lending capacity by encouraging individual savings for economic and social empowerment through holistic training guided by co-operative societies and Christian principles.

Values

Our values are:

  • Self- help
  • Accountability
  • Democracy
  • Equality
  • Equity
  • Integrity
  • Social responsibility

Principles

The Sacco upholds the following principles:

  • Self- help
  • Accountability
  • Democracy
  • Equality
  • Equity
  • Integrity
  • Social responsibility

Benefits

  • Loans
  • Savings
  • Dividends
  • Interest

Membership eligibility

The Methodist Sacco is open to all MCK staff and members. Employees of other companies who are above the age of 18 years are also eligible. Members must make a minimum monthly contribution of Kshs. 1000 as well as a onetime membership fee of Kshs. 500. The minimum share capital per member is Kshs. 2000 (non refundable).

Products

The Sacco offers its members the following loans products.

  1. Normal or Development loan.
  2. Re – financing loan.
  3. School fees loan.
  4. Emergency loan.
  5. Instant loan.
  6. Express loan.
  7. Hisa booster loan.
  8. Business Loan.

Functions of the Sacco

  • The Sacco provides education to its members.
  • Promotes savings among its members.
  • Issuing loans to its members at affordable rates with reasonable and flexible repayment periods.
  • Carrying out investment of excess funds into high yielding portfolios.
  • Recovery of outstanding loans from her members.
  • Payment of dividends and interest to her members.

Future outlook

The Methodist Sacco has a positive outlook for the future and is currently implementing her strategic plan for 2011 – 2015 during which the following goals are envisioned:

Doubling of our core capital base to facilitate disbursement of the products that are available to the members such as investment in land amongst others.

Improved service delivery via the Methodist Sacco website so as to serve all members efficiently countrywide payment of higher interest and dividends.

Continuous creation of new loan products with flexible repayment period at competitive rates.

Methodist Sacco Forms 

The following are forms for the Methodist Sacco, click on the name of the form to download it. Application for Membership Form. Change of Guarantors Form. Express Loan Application Form.

Click To Download

adobe

Application for Membership Form

adobe Change of Guarantors Form
adobe Express Loan Application Form
adobe Hisa Booster Form
adobe Instant Cash Loan Application Form
adobe Loan Application and Agreement Form
adobe Subsequent Next of Kin Form

 

Contact Us

For more information or any inquiries please contact us at:
Methodist SACCO
Conference Office
P.O. Box 47633 -00100
Nairobi