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Income Plan from Zimele Savings Plan

A steady and secure income can help you plan for your monthly financial obligations with ease. 

The Zimele Savings Plan can be used to accumulate savings and the interest earned can be converted into a steady income paid to you every month. This allows you to create a monthly income based on your principal amount, which you can also continue to top up to raise the income you will earn in subsequent months.

How Does It Work?

You will need to either accumulate your savings or deposit a lump sum in your Zimele Saving Plan account.

The interest accumulated will then be sent to you monthly (or any other frequency of your choice), either to your bank account or M-Pesa wallet.

You are free to top up your account at any time, with any amount. Top ups to your account will increase your monthly income in subsequent months.

Enter your target savings below and see the monthly income they will generate

Total :

This Income Plan is tailor-made just for you. We let you set your terms, including the amount to save, top ups and duration of saving. The higher the savings and the longer the duration, the more stable will be the monthly income due to you.

How Do You Join?

If you already have an account with us and you would like to join the Income Plan, please fill the form below.

Modes of withdrawal
1. Bank payments are done either through electronic funds transfer (EFT) or real time gross settlement (RTGS)

  • RTGS payments are for sums of one million shillings and above.
  • EFT payments are for sums that are one million shillings and below.

2. Funds are also sent via mobile money transfer (M-Pesa) up to a maximum of Ksh.70,000.
3. Processing of withdrawals takes three working days
N.B.
Standard rates charged by the banks and the M-Pesa service subscriber will apply.

If you would like to join the Income Plan, please fill the application form below.

TERMS AND CONDITIONS
1. The minimum investment amount is Kshs. 100/=
2. Withdrawals are processed within one week and payments are wired directly to members’ bank accounts.
3. A member may liquidate part or all of their investment.
4. Inter-fund transfers are allowed subject to administration fees, where applicable.
5. Any inter-fund transfer must be in writing, dated and signed by the holder of the account.
6. Members placing standing orders must fill in the standing order form and attach a copy of the instructions given to their bank.
7. There are no withdrawals fees, penalties or hidden charges
8. Funds sent via mobile money transfer services will attract standard charges levied by the respective service providers.
RETURNS ON YOUR INVESTMENTS
1. Investment returns in the Balanced Fund are not guaranteed. Always remember that the value of your investment can rise or fall and that you may not get back the full amount you had invested, depending on prevailing market conditions. Past performance is not an indicator of future performance. The Balanced Fund should therefore be considered as a medium to long term investment.
2. The principal amount in the Money Market Fund is not subject to fluctuations during the period of investment. Interest in the Money Market Fund is earned on a monthly basis and will vary from time to time based on conditions prevailing in the money market.
DECLARATION
I confirm that the record provided to establish our identity is accurate. I hereby declare that all of the monies I invest in the Zimele Unit Trust Funds, whether periodically or as a one-off contribution are from a legitimate source, and not from the proceeds of crime, money laundering or other illicit activities. Furthermore, we accept that should there be any justifiable suspicion as to the possibility that we, or another party acting on our behalf, may have engaged or been a participant in money laundering and related offences as outlined in the Proceeds of Crime and Anti-Money Laundering Act 2009, we shall absolve Zimele of any liability and assist the relevant authority with investigations on the same.
I have read and fully understood the contents of this document. I have accepted and complied with the terms and conditions as amended in so far as this application may affect our investments. I indemnify the Trustees, Fund Manager and Custodian of the funds against any contravention of these terms and conditions caused by my failure to comply with any provision thereof.

Note: The Income Plan is part of the Zimele Savings Plan, which is a money market fund in the Zimele Unit Trust Scheme. The Zimele Unit Trust Scheme is licensed and regulated by the Capital Markets Authority (CMA) as a collective investment scheme.

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