Quick Summary of Lighthouse SACCO Services
| Service | Key Feature | Terms/Interest |
|---|---|---|
| Ordinary Savings | Withdraw anytime | 2% interest per annum |
| Fixed Deposits | 90-day maturity | 10% interest upon maturity |
| Shareholding | Collateral for loans | Min K5,000; Max 20% of total assets |
| Kufewa Loan | Max 200% of shares | 5% per month; up to 18 months |
| Emergency Loan | Max K700,000 | 5.5% per month; up to 4 months |
| Payday Loan | Based on repayment capacity | 5.5% interest; deducted from next salary |
| Investment Loan | For tangible development | Based on capacity to repay |
Key Figures (2022 Audited Financials):
- Total SACCO Assets: MK 876 Million.
- Maximum Individual Shareholding: MK 175.2 Million (20% of total assets)