Group / Chama account
- This is an account for Chamas and Church groups.
- The account earns distributable surplus every financial year.
- Group account is eligible to borrow a loan.
- The account can guarantee individual members to borrow loans and vice versa.
Requirements:
- A filled group registration form.
- Minutes authorizing account opening at St. Paul’s self-help group.
- The minutes should have the group’s letter head.
- At least two signatories must sign for each transaction.
- For church groups the priest will be a mandatory signatory plus two other signatories.
- List of all group members
- Copies of National IDs/Passport documents for all signatories.
- Passportsize photographs of all signatories
- Copies of KRA certificates for all signatories.
- Copy of Registration Certificate where applicable.
- Group By-laws/Constitution
- Group must open a group email address.
Download, fill, attach requested documents and send via email to info@stpaulshg.org
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