Kingdom Bank
Chama Account
This an interest-earning account designed for convenient daily banking & transactions by groups and their members.
This account offers the following; Free E-statements, Internet banking, A Cheque book, A dedicated Account Relationship Officer, Chama Investment loan (for purchase of land, construction, buy ready built and equity-release loans, movable asset acquisition) of up to Kes 40 million if qualified, Group working capital solutions for members and M-collection and Lipa Na M Pesa integration.
Account Features
Minimum opening balance - Kes 1,000
Minimum operating balance - Nil
No monthly ledger fee
Interest accrues on cleared balances daily and credited to the account monthly at 4%
Interest is earned for balances starting from Kes. 10,000
Access to funds as many times as required
1st withdrawal transaction for the month is free of charge.
A Chama Account that moves the group forward
This is an interest-earning chama account that allows members of the group to handle obligations while earning and investing from their money. You can earn interest on balances starting from Ksh. 1,000.
OPEN YOUR ACCOUNT
Chama Account Opening Form
Account Opening Requirements for Chamas or Groups.
- Memorandum of Articles of Association,
- Registration Certificate and
- Director’s Resolutions are required.
- Copy of KRA PIN’s for the Directors and the company.
