Verona Junior Shark Savings

– Persons under the age of 18 years of any nationality whose parent/guardian is a member of Verona Huruma Sacco

– Minimum deposit of ksh.550 per month

– Can be used for Guarantorship.

– Interest rate is determined by the financial performance for the year

Access to welfare benefits (T&C)

Fixed Deposits

– The amount is deposited for a fixed period, with a minimum deposit of Kes. 50,000

– In case of withdrawal before maturity, the member shall forfeit the interest earned for the fixed period

– The minimum duration is 12 months.

– The interest of 12% p.a

Holiday Savings Account

– This is specifically designed for those who would like to save for holiday/ wedding and anniversary celebrations.

– The minimum required to open an account is Kes 5,000.

– Withdrawals will be restricted to only twice per year

– Interest is earned on a minimum balance of Kes 5,000

– The interest of 8% p.a

Education Savings Account

– This account will be for educational purposes be it children’s or adult education.

– There is no age limit or restriction on the person who is saving in this account.

– A minimum of Ksh 3,000 is required to open this account.

– Interest will be paid credit balance of Ksh 3000 payable after 6 months.

– Interest of 8% p.a

Advance Account

This will be an account for specifically members who would like to make an advance payment (standing order) which will be distributed to their other accounts on a monthly basis according to instruction from the member.

Mshiriki Mwema Account

– This Account is cumulated from guarantor & introducer incentives.

– Cumulated amount disbursed once a year in the month of October