Zimele Groups/Chama Package
The Zimele Savings Plan (Money Market Fund) offers a secure and convenient platform for groups/chamas to save and grow their funds.
Minimum contributions starting from Ksh.100. All deposits earn interest, currently at 9.56% per annum.
- Welfare groups for families, relatives and friends
- Self-help groups
- Investment groups/clubs
- Businesses and organizations
- Secure: Licensed and regulated by the Capital Markets Authority (CMA)
- Affordable: Deposits starting from Ksh.100, with no upper limit, and no minimum balance requirement
- Convenient: M-Pesa option for deposits and withdrawals.
- Accountable: Members can make direct deposits to the group account, and can view the group and individual statements online.
- Low risk: Funds are invested in Treasury bills, Treasury bonds, and bank fixed deposits.
- Safe: Withdrawals can be initiated digitally in a safe and secure platform.
- Flexible: Ability to withdraw from the group account and send the funds directly to members’ M-Pesa wallets or bank accounts.
- Growth: All deposits earn competitive interest ensuring steady growth.