Personal Services

GES SACCO Products and Services

Personal

PERSONAL SAVINGS ACCOUNTS

Savings Accounts for Business Development

GES SACCO offers various savings accounts where entrepreneurs can accumulate capital for their ventures, sometimes with better interest rates for dedicated business savings.

Ordinary/Basic Savings Accounts

GES SACCO offers the foundational account for regular or sporadic deposits, offering basic interest rates and easy access to funds for everyday needs.

Fixed Deposit Accounts

Members deposit a lump sum for a specific term (e.g., 3, 6, 12 months) at a pre-determined, usually higher, interest rate. Early withdrawals often incur penalties.

Call/Demand Savings Accounts

Offering a balance between accessibility and potentially slightly higher interest rates than ordinary savings, with the ability to withdraw funds on demand, though sometimes with limitations on frequency.

Target Savings Accounts

Designed for specific savings goals (e.g., education, travel, asset purchase), allowing members to set a target amount and save regularly, often with potential bonus interest upon reaching the goal.

Holiday Savings Accounts

Short-term, goal-oriented accounts where members save throughout the year and can withdraw funds before the festive season for related expenses.

Retirement Savings Plans

Long-term savings schemes aimed at building funds for retirement, potentially offering tax advantages (if aligned with local regulations) and higher interest rates for long-term commitment.

Junior/Children's Savings Accounts

Accounts designed to encourage saving habits in younger members, often with lower minimum balances and educational components.

Tiered Interest Savings Accounts

Offering increasing interest rates based on the account balance, incentivizing members to save larger amounts to earn higher returns.

Savings Linked to Loan Eligibility

Consistent saving history can improve a member's eligibility for loans with more favorable terms or higher amounts

PERSONAL LOANS

Micro-Loans and Start-Up Capital

GES SACCO provide smaller, more accessible loans with flexible terms suitable for members starting their businesses.

Income or Salary-Based Loans

These are very common, with loan amounts and repayment terms often tied to your salary or monthly guaranteed income for self employed members who deposit their daily income with GES SACCO.

Emergency Loans

Designed for unexpected financial needs, often with quicker processing times.

Vehicle Loans

To help members purchase cars, motorcycles, or other personal transportation.

Personal/Household Goods Loans

To finance the purchase of appliances, furniture, electronics, or other personal items.

Debt Consolidation Loans

To combine multiple existing debts into a single loan with potentially more favorable terms.

Medical Travel Loans

Short-Term Personal Loans/Advances

Zero-Interest Loans (with conditions)

GES SACCO, offer zero-interest loans to members who demonstrate a strong savings culture, often with specific requirements and administrative fees.