A partner with a remedy for financial security
KENYA MEDICAL ASSOCIATION REGULATED NWDT SACCO LTD
tKMASaccoLtd,wetakecareofmorethanyourfinance.Weconstructasimpleyeteffectivefinancialblueprint
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foryouandyourfamily.WecontinuouslymonitortheperformanceoftheSaccoandmakechangesintheeconomic
environment for optimal benefits to the Sacco member.
Membership Application
Requirements;
● Complete the Membership Application Form.
● Attach a copy of ID/Passport, KRA pin Certificate & 2 Passports.
● A
ttach either Board Licence, Retention or MBChB, BDS or BPharm Certificate. For Medical Students attach a
copy of student ID or a letter from the Dean.
● Submit the Membership Application with joining fee of Kes.3,000
● M
ake the Payments via any KMA Sacco Bank Accounts or M-pesa Paybill No.540900 with ID number as the
Account Number.
● Principal members can introduce their Spouses, Children above 18 years and Employees.
Additional Requirements for Members by Introduction;
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● or Spouses attach a copy of the Marriage Certificate.
● For Children attach a Copy of Birth Certificate.
● For Employees attach an Introduction Letter from the Employer.
KMA SACCO employees and Medical Students also qualify for Membership.
Savings Products
1) Sacco Deposits (non-withdrawable)
on-withdrawable savings; allows a member to save and use their savings as collateral to secure and guarantee
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loans.
Minimum contributionfor principal members isKes. 5,000.00and for members by introduction isKes.1,000.
he Sacco Deposits shall be refundable within 60 days after receiving notification of intention to withdraw from the
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member and approval by the Sacco Board.
2) Fixed Deposits
he minimum amount is Kes. 50,000, for a minimum period of 3 months at very attractive and competitive rates.
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This can be used as a collateral to secure a loan.
3) Interest and Dividend
.5% p.a Intereston deposits was paid out in 2024 and15% p.aDividends on the Share Capital was paid out in
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2024.
A partner with a remedy for financial security
Loan Products
1) Development loan
nhances your developments, start-up or revamp your own business practice. The amount borrowed is capped at*3
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of a member’s Sacco deposits at 1% per monthamortizedwith repayments of up to 60 months.
2) Emergency loan
esignedtomeettheurgentdailyneedsofmembers.Theamountborrowedisupto2timesamember’sdeposits,
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but to amaximum of Kes1 Millionrepayable within12 months at1% p.m.
3) School fees Loan
chool fees loans offered for the full amount of the fees structure. Repayment is within 24 monthsat12%p.a.
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Members shall be allowed to top-up existing school fees loans.
4) Flexi Development loan
hisiscustomizedtoboostyourdevelopmentneeds.Theamountborrowediscappedat*4timesofamember’s
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Saccodepositsat1.125%permonthamortizedwithrepaymentsofupto60months.Memberscanonlyhaveone
development loan at a time.
5) Equity Release loan
his loan product is secured by an asset and advanced to a maximum of 100% of the mortgage valuewithan
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option to include transaction costs to a maximum of5.0%of the loan amount at14.0% p.a.
6) Car Loan
aximumamountis3timesmember’sdepositstoamaximumofKes.5MillionforNewcarsandKes.2.5Million
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for Used cars. Repayable within 36 months at an interest rate of14%. p. a.
90% financingon New Cars and80 % financingon UsedCars.
7) Asset Finance Loan
nables members to acquire assets through the Sacco. Proof of1/3 paymentof the value of the asset isrequired.
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The repayment period is60 monthsand the Sacco remainsthe custodian of the asset documents of title for the
duration of the loan.
8) Home Loan
Financing for a fully built residential property ready for occupation in an urban area or an off plan home purchase.
aximum amount is5 timesmember’s deposits repayablewithin 20 years at an interest rate of13%. p. a.The age
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of the applicant plus the repayment period should not exceed 65 years.
he property shall beinsured comprehensivelythrough TIBA Insurance Agency throughout the repayment period at
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the cost of the borrower.
A partner with a remedy for financial security
9) Insurance Loan
he Sacco offers financing for premiums to qualifying members who wish to take cover for themselves or their
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families. Amount capped atKes. 150,000 at1.1%interestrate per month, repayable in 10 months.
10)Intern Loan
ustomized to provide a financial cushion for medical interns upon their posting while they wait for their first salary.
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Amount capped atKes. 100,000 at 14%interest perannum and repayable up to 9 months.
Requirements are;
1. Posting letter from MOH.
2. Arrival letter duly signed by the Superintendent.
3. 1 Active Guarantor & 2 shall be either Sacco members or Interns applying for the same Loan facility.
About Medifinance Limited
edifinanceLimitedisafullyregisteredinvestmententityestablishedtomanageandexecuteinvestmentactivities
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on behalf of KMA SACCO Ltd. Our primary mission is to provide KMA SACCO members with innovative and
diversified investment opportunities while delivering exceptional value through strategic investment initiatives.
edifinance Limited currently oversees Tiba InsuranceAgenciesandaportfolioofinvestmentoptions,including
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land and real estate projects, designed to grow andprotect your wealth.
Tiba Insurance Agencies
ibaInsuranceAgencies,theinsurancearmofKMASACCO,collaborateswithleadinginsuranceproviderstooffera
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comprehensiverangeofinsuranceproductstailoredtomeettheneedsofKMASACCOmembersandthebroader
medicalcommunity.Ourpoliciesareavailableatcompetitive,negotiatedrates,ensuringaffordabilityandpeaceof
mind.
Our Insurance Offerings Include:
General Insurance Products
● rofessional Indemnity
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● Motor Insurance
● Health Insurance (Corporate & Retail)
● Hospital Malpractice
● Domestic Package/Home Insurance
● Work Injury Benefits Act (WIBA) Insurance
● Travel Insurance
● Fire and Burglary Insurance
● Directors and Officers Liability Insurance
● Business Combined/Office Compact Insurance
A partner with a remedy for financial security
Life Assurance Products
● ension/Retirement Benefit Plans
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● Group Credit Life Insurance
● Deposits Insurance
● Life Assurance
● Group Last Respect/Funeral Cover
● Education Policies
● Endowment Policies
● NSSF Tier II
Asset Management Solutions
edifinance Limited is committed to helping you grow and preserve your wealth through our robust asset
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management services.
Our offerings include:
● Money Market (Unit Trust)
● Wealth Management
● Fixed Income Securities
● Real Estate Investment Trusts (REITs)
Why Choose Medifinance Limited?
● xpertise:Backed by KMA SACCO’s trusted reputationand industry experience.
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● Diverse Portfolio:A wide range of investment andinsurance options to suit your unique needs.
● Competitive Rates:Exclusive negotiated rates forKMA SACCO members.
● Professional Guidance:Dedicated to helping you achieveyour financial goals.
Bank Account Details
ACCOUNT NAME: KMA REGULATED NON –WDT SACCO LTD
Absa Bank , Absa Towers Branch Account No. 077- 5022728
Equity Bank, Community Branch Account No. 0170194616921
KCB, Moi Avenue Branch Account No. 1116188619
Cooperative Bank, Ukulima Branch Account No. 01100133572300
Bank of Africa, Sameer Business park Branch Account No. 01039350007
M-pesa Paybill no:540900 Account No. ID or Member no.
MA CENTRE, 4th floor, Chyulu Road,
K
P.O BOX 413-00202 (Upperhill) Nairobi | |Website:www.kmasacco.com
KMA SaccoCell:0725 308 268 | 0722 519 037 |0715993 872 |Email:
[email protected]
Medifinance/Tiba Cell:0704 825 300 | 0715 993 874 |Email:
[email protected]
