Members Training Seminar 11th December 2025 Virtual (9:30am to 12:30pm).
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Know About
Benevolent Fund Summary
The Benevolent Fund of the Sacco, established in 2013, is a community-driven initiative offering financial support to members. With a monthly contribution of Kshs. 500, it provides extensive coverage, including parents and parents-in-law. A 2016 review increased benefits to Kshs. 100,000.00, ensuring responsiveness to members' needs.
Managed locally, the fund's dynamic approach, efficient claim process, and emphasis on mutual assistance make it a vital and supportive resource, strengthening community bonds within the Sacco..
Features
Below are the key feauters of benevolent fund.
Financial Support Beyond Boundaries
Members contribute Kshs. 500 monthly, creating a collective pool for crucial financial assistance.
Extensive Scope of Coverage
Goes beyond nuclear family support to include parents and parents-in-law, ensuring comprehensive assistance.
Responsive to Members' Needs
Underwent a 2016 review, increasing monthly contribution to Kshs. 500 and benefit amount to Kshs. 100,000.00.
Dynamic Member Data Updates
Implements a dynamic system for members to update information with significant life events, ensuring accurate records.
Local Management for Community Connectivity
Managed locally, fostering a strong community-oriented approach and efficient communication with members.
Efficient and Compassionate Claim Process
Straightforward process for claiming benefits in the event of a member losing a family member.
Community-Driven Initiative
A shining example of a community-driven initiative that adapts to the evolving needs of its members.
Mutual Assistance and Collective Responsibility
Embraces the values of mutual assistance and collective responsibility, strengthening bonds within the Sacco community.