Kimisitu Money

Kimisitu Sacco IOS App

Free · Designed for iPad. Not verified for macOS.

a. Withdrawal to MPESA- members can make withdrawal from FOSA account to their MPESA. b. MY Account- members can view details of their FOSA, BOSA, Loan Balance and Savings accounts Loans- When customer selects Loans, they will be taken to a menu with four items namely. Loan Enquiries. Loan requests Loan Application Status Loan repayment Loan Types -: i. Dividend discounting loan • A one-off interest of 7.5 % shall be charged upfront on the loan approved. • The amount applied shall not exceed 60% of the member’s previous year’s interest on deposits (dividends). • A member whose account is arrears/dormant/defaulter will not qualify for the loan through mobile however they can access only through applying online so that the arrears can be recovered from the dividends. • Guarantors whose deposits were offset during the year to reduce a defaulted loan shall qualify for a lesser amount. ii. M-Kimisitu Loan • Interest rate of 5% per month on reducing balance • Repayment period up to a maximum of 5 months • The monthly repayment is deducted from the salary payouts. • Top ups charge: of 2.5% of the Loan balance • Member can access a maximum of Kshs.100,000 or 80% of his member deposit whichever is lower • Interest is charged upfront but recovered monthly • In case of default the loan balance is recovered from member deposit c. Fund Transfer i. When a customer selects Fund transfers, they will be required to select from Swift transfer (RTGS) Electronic Funds Transfer (EFT) ii. The Fund transfer is segregated as follows: a. Internal Transfer • My Account – Member should be able to transfer to any savings account they have including shares. • Other Account – member can transfer to other members savings account internally. b. External – Member should see list of banks and enter beneficiary bank details. • Member should be able to select beneficiary. d. Deposits When a customer selects Deposits, the Applications displays accounts options for the customer to deposit to • FOSA • Savings Account • LUMPSUM • e. PAYBILL - Customers have an option to pay using Pay bill functionality. f. Change Password functionality-members can change their respective passwords. g. Logout functionality-members have an option of logging out once they are done with using the App.

Ratings & Reviews

  • 4.5
    out of 5
    24 Ratings

Provides minor bug fix for no source account when transacting.

Version 76

The developer, Kimisitu Sacco, indicated that the app’s privacy practices may include handling of data as described below. For more information, see the developer’s privacy policy .

  • Data Not Collected

    The developer does not collect any data from this app.

    Privacy practices may vary, for example, based on the features you use or your age. Learn More

    Accessibility

    The developer has not yet indicated which accessibility features this app supports. Learn More

    Information

    Seller
    • KIMISITU SACCO SOCIETY LTD
    Size
    • 62.5 MB
    Category
    • Finance
    Compatibility
    Requires iOS 15.0 or later.
    • iPhone
      Requires iOS 15.0 or later.
    • iPad
      Requires iPadOS 15.0 or later.
    • iPod touch
      Requires iOS 15.0 or later.
    • Mac
      Requires macOS 12.0 or later and a Mac with Apple M1 chip or later.
    • Apple Vision
      Requires visionOS 1.0 or later.
    Languages
    • English
    Age Rating
    4+
    Copyright
    • © Kimisitu Sacco 1985 - 2021 . Copyright © Kimisitu Sacco Ltd - All rights reserved.
  • Privacy Policy

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