Official Savings & Loan Policy adopted 30th March 2026 — now serving traders across the Kayole Junction area. View Loan Products →
Rate Board · Live
Normal/Development Loan:2% p.m. reducing balance
Instant Loan:1.5% · repaid within 1 month
Emergency Loan:2.5% p.m. reducing balance
Loan Security Fund:Based on loan amount & term (premium)
Max Loan Limit:3× member deposits
Min. Monthly Contribution:KES 1,200
Min. Shares:250 shares @ KES 20 each
Grace Period:30 days from disbursement
Policy adopted:30th March 2026
Email:junctiontraders2023@gmail.com
Normal/Development Loan:2% p.m. reducing balance
Instant Loan:1.5% · repaid within 1 month
Emergency Loan:2.5% p.m. reducing balance
Loan Security Fund:Based on loan amount & term (premium)
Max Loan Limit:3× member deposits
Min. Monthly Contribution:KES 1,200
Cooperative Societies Act Cap 490 · Nairobi

Junction Traders’
Savings & Credit
Co-operative Society

A safe haven for traders and entrepreneurs to pool resources, grow savings, and access affordable credit — governed by members, for members.

Explore Loan Products

Many strands twisted together carry more weight than any one alone — the principle a SACCO is built on.

Normal / Development Loan
2% p.m.
Reducing balance · Up to 48 months
Emergency Loan Rate
2.5% p.m.
Repay within 12 months
Instant Loan
1.5%
One-off · repaid within 1 month
Junction Traders' SACCO members and committee outside the SACCO office in Nairobi
2026
Policy adopted
3×
Your deposits = max loan

Who we are — Junction Traders’ Savings & Credit Co-operative Society Ltd.

The core business of Junction Traders’ SACCO is to provide a safe haven for its members to pool their resources together in the form of savings and facilitate the advancement of affordable credit to members.

Our Savings and Loan Policy was officially adopted by the committee and signed by Chairman Joshua Mamboleo and Secretary Jane Njoki on 30th March 2026. This policy governs all lending and savings activities and is read in conjunction with Kenya’s Cooperative Societies legislation, the SACCO By-Laws, and all other applicable laws.

Member-OwnedEvery member has an equal democratic vote
Equity for AllEquitable distribution of funds to all members
Liquidity PlanningSound liquidity management across the SACCO
Policy-DrivenAll decisions guided by documented loan policy
Officially Registered Co-operative Society
Junction Traders’ SACCO is registered under the Co-operative Societies Act Cap 490 and duly certified by the Commissioner for Co-operative Development. Our By-Laws govern all membership, savings, loans, and governance activities.
Reg. 2023  Commissioner Certified
Cap 490  Co-operative Societies Act
Kayole Jct.  Next to KAG Church Primary
P.O. Box 782  00518 Nairobi
Official Register · By-Laws 2023

Leadership & Registered Officers

The following Executive Officers are officially registered with the Commissioner for Co-operative Development and accepted under the Junction Traders’ SACCO By-Laws (2023).

Joshua Mamboleo

Joshua Mamboleo

Chairman

Officially registered Chairman. Signed the Savings & Loan Policy on 30th March 2026 on behalf of the management committee. Presides at all general and committee meetings.

RK

Rose Kabana

Vice-Chairman

Officially registered Vice-Chairman. Performs the duties of the Chairman during his absence and such other duties as directed by the Committee per the SACCO By-Laws.

Jane Njoki

Jane Njoki

Secretary

Officially registered Secretary. Responsible for minutes of all meetings, official correspondence, and ensuring notices for all general and committee meetings are prepared and sent out.

Harrison Bisengi

Harrison Bisengi

Treasurer

Officially registered Treasurer. Generally manages the financial affairs of the society in a competent manner, ensuring accurate records, accounts, and proper financial stewardship.

CC

Credit Sub-Committee

Loan Approvals

All loan forms must be fully signed by the loanee, guarantors, and credit committee officials. Presents a delinquent borrowers’ list at every regular management committee meeting.

SC

Supervisory Committee

Oversight & Audit

Three-member supervisory committee providing independent oversight of all financial activities. Management and supervisory committee members shall NOT guarantee any member loans.

Loan Products

Available Loan Products

All loans combined must NEVER exceed 3× a member’s total deposits. A Loan Security Fund premium, based on the loan amount and repayment period, is deducted from every loan disbursed.

Normal / Development Loan

The flagship loan for business growth, income-generating activities, education, and housing. Restricted to 3× the member’s total deposits.

2%
per month · reducing balance
  • Maximum: 3× total member deposits
  • No loan based on boosted deposits within 6 months
  • 1–3 guarantors required; fully guaranteed

Instant Loan

A fast, short-term loan for quick cash needs — assessed against your deposits and repaid in a single instalment within one month.

1.5%
one-off · repaid within 1 month
  • Repaid in full within 1 month
  • 1.5% one-off interest on the amount borrowed
  • Fast turnaround, assessed against deposits
  • Must be fully guaranteed
  • Only one instant loan active at a time

Emergency Loan

For unforeseen contingencies: sudden hospitalisation, funeral expenses, court fines, and other circumstances beyond a member’s control.

2.5%
per month · reducing balance
  • Repaid within a maximum of 12 months
  • Must be fully guaranteed
  • Only one emergency loan active at a time
  • Covers: hospitalisation, funeral, court fines
  • Grace period: 30 days from disbursement

Education / School Fees Loan

Exclusively for school fees. A valid fees structure must be presented before disbursement. Cheque made directly to the institution.

2%
per month · reducing balance
  • Cheque paid DIRECTLY to institution
  • Valid school fees structure required
  • Repaid within one year or specified months
  • Only one school fees loan at a time
  • Must be fully guaranteed
  • Additional costs borne by borrower

Loan Refinancing

Top-up or refinance an existing normal/development loan. Available only once per loan, with full documentation and new guarantors.

2%
per month · reducing balance
  • Must have repaid at least 60% of existing loan
  • Must have repaid per loan agreement schedule
  • Detailed project documents & budget required
  • Security paid on the entire gross refinanced amount
  • New guarantors required
  • Refinancing done only ONCE per single loan

Other / Member-Driven Products

The SACCO may introduce new member-driven loan products to cater for varied needs. All new products must be ratified at a General Meeting before becoming effective.

TBD
per AGM ratification
  • Introduced by committee as member needs arise
  • Terms presented at next General Meeting
  • Effective only after member ratification
  • Governed by the Savings & Loan Policy

Loan Security Fund

All borrowers contribute a premium, based on the loan amount and repayment period, to the Loan Security Fund — providing group protection in cases of member death or insanity.

Variable
by loan amount & term · one-off
  • Deducted from every loan at disbursement
  • Covers death or insanity of the borrower
  • Settles outstanding loan balance on death
  • Protects guarantors and the entire group
  • Provides affordable group security on risks
Official Repayment Periods

Loan Repayment Schedule

Official repayment periods per the Savings & Loan Policy (adopted 30th March 2026). All loans carry a 30-day grace period from disbursement.

Loan Amount (KES) Maximum Repayment Period Interest Rate Grace Period Loan Security Fund
Below 50,000 6 Months 2% p.m. (Normal) 30 days Based on amount & term
50,000 – 100,000 12 Months 2% p.m. (Normal) 30 days Based on amount & term
100,001 – 500,000 24 Months 2% p.m. (Normal) 30 days Based on amount & term
500,001 – 1,000,000 36 Months 2% p.m. (Normal) 30 days Based on amount & term
1,000,001 and above 48 Months 2% p.m. (Normal) 30 days Based on amount & term
Instant Loan (any amount) 1 Month 1.5% one-off None (1-month term) Based on amount & term
Emergency Loan (any amount) 12 Months max 2.5% p.m. Emergency 30 days Based on amount & term

Loan Priority Order

When loanable funds are limited, the following priority order applies:

  • Members who have never had a loan before
  • New members who have just qualified for a loan
  • Members who cleared their first loan and applied afresh
  • Where loan purpose is deemed more urgent
  • Where amounts are similar, preference to shorter periods

Eligibility Requirements

Maximum Loan: 3× Your DepositsTotal of ALL loans combined must never exceed 3× your cumulative deposits at any one time.
Boosted Deposits Rule (6-Month Wait)A boosted deposit is any amount exceeding ⅓ of your savings at time of loan. Must wait 6 months before it counts toward your loan limit.
1 to 3 Guarantors RequiredAll loans must be fully guaranteed by active SACCO members. Management and supervisory committee members cannot guarantee loans.
Fully Signed ApplicationLoan form signed by loanee, all guarantors, and credit committee officials. Must include loanee’s account statement or passbook.
Loan Planning Tool

Loan Repayment Calculator

Based on the official rates: 2% p.m. (normal/education/refinancing), 1.5% one-off for instant loans repaid within 1 month, and 2.5% p.m. (emergency) — all on reducing balance. Includes the Loan Security Fund, based on loan amount and repayment period.

Calculate Your Repayment

Instant loans are repaid in full within 1 month, so the period is fixed at 1.
1st Month Repayment —
Final Month Repayment —
Total Repayment —
Total Interest —
Loan Security Fund —
Rate (Reducing Balance) —

Grace Period & Repayment Start

All loans have a 30-day grace period from disbursement. Deductions commence not later than the month following the month of disbursement.

30 days grace

Payment Methods

Salaried members: check-off system deductions. Non-salaried members: deposit to SACCO bank account and bring the deposit slip to the office for a receipt. No cash payments to the office whatsoever.

Savings Incentives

The committee may introduce trophies and other acceptable incentives awarded to the highest savers and individuals who saved the most in a given year — a savings mobilisation initiative.

Early Repayment & Extensions

A borrower may repay the loan in whole or in part on any day prior to maturity. Any extension granted is treated as a new loan and must be executed and signed again.

Prepayment allowed
Membership Process

How to Join & Get Started

One-off joining fees: KES 2,000 entrance, KES 150 passbook, KES 250 by-laws. Minimum monthly contribution: KES 1,200. Minimum shares: 250 shares at KES 20/share = KES 5,000.

1

Complete Application

Fill the membership application form and provide your National ID and a passport photo. Pay the one-off fees (entrance KES 2,000, passbook KES 150, by-laws KES 250).

2

Start Contributing

Maintain at least KES 1,200/month and hold a minimum of 250 shares at KES 20 each. Payments via check-off or SACCO bank account deposit.

3

Qualify for Loans

Build deposits to unlock loans of up to 3× your total deposits. Priority given to first-time applicants and members with freshly cleared loans.

4

Grow & Prosper

Repay reliably for higher loan access, and earn dividends on your shares at the end of each financial year.

Savings & Deposit Rules

Savings Rules & Contributions

Key savings and deposit rules as defined in the official Savings & Loan Policy adopted 30th March 2026.

Rule / Requirement Amount / Minimum Details Loan Impact Status
Monthly Contribution KES 1,200/mo One Thousand Two Hundred Shillings minimum per month Builds 3× loan eligibility Mandatory
Minimum Shares 250 shares Each share at KES 20 · Total minimum = KES 5,000 Counted toward loan security Mandatory
Boosted Deposits Any extra > ⅓ savings Must wait 6 months before counting toward loan limit Excluded within 6 months Restricted
Deposit Withdrawal — No withdrawal while a loan is outstanding, unless ceasing membership Locked while loan active Restricted
Savings Pledged as Guarantor — Savings pledged as security for another’s loan shall NOT be used for the pledger’s own loan unless alternative security is provided for the guaranteed loan Frozen as collateral Protected
Guarantor Deposits 100% cover Guarantor’s deposits/shares must equal at least the guaranteed loan amount — a shilling-for-shilling guarantee Fully collateralised Required
Non-Salaried Self-Guarantee Loan ≤ deposits Non-salaried members’ deposits/shares suffice if loan does not exceed deposits, provided they are not simultaneously guaranteeing another loan Self-guarantee allowed Eligible
Other Collateral Committee discretion Log books, title deeds, and other assets accepted at committee’s discretion in the best interest of the SACCO Supplementary security Optional
By-Laws · Sections 11 & 12

Member Rights & Obligations

As defined in the Junction Traders’ SACCO By-Laws (2023), registered under the Co-operative Societies Act Cap 490.

Rights of Members

  • 1Attend and participate in decision making at all general meetings of the society and vote on all matters, subject to the society’s by-laws.
  • 2Vote and be elected to organs of the society, subject to these by-laws, with one vote per member regardless of shares held.
  • 3Enjoy the use of all the facilities and services of the society subject to these by-laws.
  • 4Access internal regulations, registers, minutes of general meetings, supervisory committee reports, annual accounts, inventories, and investigation reports at the society’s registered office.
  • 5Observe and comply with all the society’s by-laws and decisions taken by the relevant organs of the society.
  • 6Meet the debts of the society in case of insolvency in accordance with the provisions of the Act and these by-laws.
  • 7Buy and pay up shares or make any other regular payments provided for in these by-laws.

Cessation of Membership

Membership in the society shall cease or be deemed to have ceased from the date of:

Withdrawal Death Expulsion Being certified unsound mind Transfer of shares Failure to contribute (6 months)

Obligations & Qualification

  • !Must be at least 18 years of age, of good character and sound mind, and doing business within the Kayole Junction area, Njiru Ward, Kasarani Sub-County, Nairobi.
  • !Pay into the SACCO bank account only — no cash payments to the office whatsoever. Always present the deposit slip to the office to receive an official receipt.
  • !Receive regular statements at least once every three months showing shares, deposits, and all loan transactions.
  • !Not withdraw savings while a loan or guarantee is outstanding. Savings pledged as guarantor security are frozen until the guaranteed loan is fully settled.

Admission Costs (By-Laws)

KES 2,000
Entrance Fee
KES 150
Passbook
KES 250
By-Laws Copy
KES 20
Per Share
KES 5,000 min.
250 shares × KES 20 — minimum share capital

One-off fees total KES 2,400 (entrance + passbook + by-laws), in addition to your minimum KES 5,000 share capital. No member may hold more than 1/5 of total shares. Share transfers must be in writing, committee-approved, and registered.

Official Policy

Savings & Loan Policy Highlights

Adopted 30th March 2026 · Signed by Chairman Joshua Mamboleo & Secretary Jane Njoki · junctiontraders2023@gmail.com

Loan Guarantee Rules

  • 1 to 3 guarantors required per loan type
  • Management & supervisory committee members CANNOT guarantee loans
  • Guarantees accepted in: shares, savings, deposits, salary, or other approved security
  • All loans 100% guaranteed — a shilling for a shilling
  • Collateral: log books, title deeds accepted at committee’s discretion
  • Guarantors released only when alternative guarantors accepted
  • Guarantor obligation ceases when loan is fully cleared

Defaulter Policy

  • No member withdraws while loan is outstanding or guarantees are active
  • 60-day delinquency: loan offset from member’s shares and deposits
  • From month 3 of default: difference recovered from guarantors jointly & severally
  • Defaulted loans continue accruing interest until fully repaid
  • No defaulter shall be granted any additional loan
  • Written permission from guarantors needed for any extension

Savings & Repayments

  • Borrower may repay all or part of loan prior to maturity on any day
  • No cash payments to the office — bank deposits only
  • Repayments commence within the month after disbursement
  • Salaried members: check-off system deductions
  • Non-salaried: bank deposit + bring slip to office for receipt
  • LOANS must appear on every regular committee meeting agenda
  • Committee may introduce savings incentive trophies and awards

Allowances & Commissions

  • Sitting allowances paid to management committee per the By-Laws
  • Allowances and commissions defined in the Junction Traders Credit Co-operative Society By-Laws

Application & Amendment

  • Policy amendments recommended by the committee as needs arise
  • Amendments NOT effective until approved at a SACCO General Meeting
  • Policy applies to all loans granted from the date of General Meeting approval
  • Read in conjunction with Kenya Co-operative Societies legislation, SACCO By-Laws, and all applicable laws

Loan Security Fund

  • Premium based on loan amount & repayment period, deducted from every loan disbursed
  • Provides security in case of death or insanity of a borrower
  • Settles outstanding loan balance on death, protecting guarantors
  • Protects the entire group from risk of outstanding balances
  • Deducted at the time of loan disbursement
Risk Management

Loan Security & Default Management

Junction Traders’ SACCO protects all members through rigorous loan security requirements and a fair, firm default resolution process.

Guarantor Obligations

  • The committee may refuse a guarantor who is already in receipt of a loan and remains liable
  • A member may be declined a loan if still liable as a guarantor elsewhere
  • Guarantor obligation ceases ONLY when the guaranteed loan is fully cleared
  • Written permission required from guarantors to extend loan repayment terms
  • Rejection reasons for any collateral must appear in meeting minutes

Default Consequences

  • 60-day continuous delinquency: loan offset from member’s shares and deposits
  • From month 3 of default: shortfall recovered from guarantors jointly and severally
  • Defaulted loans continue attracting interest until fully repaid
  • No defaulter shall receive any additional loan whatsoever
  • No withdrawal allowed while loans or guarantees are outstanding

Delinquency Report (Every Meeting)

  • Credit committee presents up-to-date delinquent borrowers’ list at every regular meeting
  • Report includes: member name, account number, loan date
  • Report includes: date of last payment, unpaid balance
  • Report includes: borrower’s savings balance, months delinquent
  • Report includes: security guarantors (if any)
  • Management takes action on all overdue accounts at every meeting

Loan Security Rules

  • All loans guaranteed 100% — a shilling for a shilling
  • Guarantor shares/deposits must equal at least the guaranteed loan amount
  • SACCO accepts log books, title deeds & other collateral at committee discretion
  • All loans must be recovered within the contract period to protect guarantors
  • Society may recall any loan if borrower’s financial standing becomes unclear
Latest Updates

News & Announcements

Junction Traders' SACCO members at a policy meeting
Official Policy

Savings & Loan Policy Officially Adopted — 30th March 2026

Junction Traders’ Savings and Credit Co-operative Society Ltd has officially adopted its comprehensive Savings & Loan Policy, signed by Chairman Joshua Mamboleo and Secretary Jane Njoki on 30th March 2026. The policy covers all lending, savings requirements, guarantees, defaulter management, and member welfare.

30 March 2026 Board Secretary
Junction Traders' SACCO members outside the SACCO office
Official Rates

Rates Confirmed: 2% Normal, 1.5% Instant, 2.5% Emergency

Instant loans are 1.5% repaid within 1 month. All other rates are on a reducing balance, with a Loan Security Fund premium — based on loan amount and repayment period — on every loan.

March 2026

Frequently Asked Questions 10 answered, plainly

Everything you need to know about joining, saving, and borrowing with Junction Traders’ SACCO.

Any person aged 18 years and above, of good character and sound mind, doing business within the Kayole Junction area (Njiru Ward, Kasarani Sub-county, Nairobi). Email us at junctiontraders2023@gmail.com to start your application.
One-off joining fees are a KES 2,000 entrance fee, a KES 150 passbook, and a KES 250 by-laws copy (KES 2,400 in total). You also purchase a minimum of 250 shares at KES 20 each (KES 5,000) and commit to a minimum monthly contribution of KES 1,200 to build your savings and loan eligibility.
The maximum loan is 3 times your total cumulative deposits at any one time. For example, if you have saved KES 100,000, you can borrow up to KES 300,000. No single loan may exceed 15% of the SACCO’s total share capital, and all your combined loans must stay within the 3× limit.
Normal/Development Loan: 2% per month on a reducing balance. Instant Loan: 1.5% one-off, repaid within 1 month. Emergency Loan: 2.5% per month on a reducing balance. Education and Refinancing Loans: 2% per month. All loans also have a Loan Security Fund premium, based on the loan amount and repayment period, deducted at disbursement.
Salaried members repay through the check-off system (automatic monthly deduction). Non-salaried members deposit to the SACCO’s bank account and bring the deposit slip to the office to receive an official receipt. No cash payments are accepted at the office whatsoever. Repayment starts within the month after disbursement (30-day grace period).
Yes. All loans require 1 to 3 guarantors who are active SACCO members. Each loan must be 100% guaranteed (a shilling-for-a-shilling). Management and supervisory committee members cannot act as guarantors. Non-salaried members may self-guarantee if the loan does not exceed their own deposits, provided they are not simultaneously guaranteeing another loan.
After 60 days of delinquency, the loan is offset from your shares and deposits. From month 3 of default, the shortfall is recovered from your guarantors jointly and severally. The loan continues to accrue interest. No further loans will be granted while a default is outstanding. Any disputed amount can be referred to the Co-operative Tribunal.
Every borrower contributes a premium — calculated from the loan amount and repayment period — to the Loan Security Fund at the time of disbursement. This fund settles any outstanding loan balance in the event of the borrower’s death or certified insanity, protecting guarantors and the group from absorbing the loss.
No. You cannot withdraw savings while a loan is outstanding or while your savings are pledged as security for another member’s loan. A member wishing to leave the SACCO must give at least 60 days’ written notice and ensure all loans and guarantees are settled first. Upon ceasing membership, the SACCO will refund deposits after deducting any amounts owed.

Ready to Join Junction Traders’ SACCO?

Start saving from KES 1,200/month, own your minimum 250 shares, and unlock loans up to 3× your deposits. Email us today at junctiontraders2023@gmail.com — P.O. Box 782 – 00518, Nairobi.

Calculate My Loan

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We’re Here to Help

Reach us through any of the official channels below. We welcome new members, existing member queries, and general enquiries.

Official Name Junction Traders’ Savings and Credit
Co-operative Society Ltd.
Office Location Kayole Junction, Njiru Ward
Kasarani Sub-County, Nairobi — next to KAG Church Primary School, off Kangundo Road
Postal Address P.O. Box 782 – 00518
Nairobi, Kenya
Email Address junctiontraders2023@gmail.com

Operations

Loan ApplicationsBy appointment
Savings DepositsVia bank — bring slip to office
Check-off (Salaried)Automatic monthly deduction
Emailjunctiontraders2023@gmail.com

Send Us a Message

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