Nyumba SACCOSS LTD started on the 18th of June 1969 with registration number 1904. The association started with 103 members as founders with the aim of improving the economic needs of the employees of the National Housing Corporation by enabling them to save and borrow at low interest compared to the interest offered by – the bank. The Credit Policy is a procedure prepared to set the limit and proportion of lending to members in accordance with the Association’s Terms and Conditions, Law on Cooperative Societies No. 20 of 2003, regulations of 2004, various documents and Orders of the Registrar of Cooperatives. The precautionary fund policy involves all members of the house SACCOS who fulfill their obligations, by contributing savings, owning shares and borrowing loans from the association. This precautionary fund policy will focus on preventing disasters when a member fails to repay the loan for reasons beyond his control, this fund is different from the mandatory categories that exist in accordance with the corporate law and the member will be deducted one percent (1%) from each loan who will borrow it.
NEW VACANCY AT NYUMBA SACCOSS LTD, AUGUST 2022
The organization is seeking to recruit qualified individuals to fill a new vacant position. Read full details from the PDF Document below: