Fariji is a product of RG Sacco Ltd.
to help bereaved members during
that difficult period of mourning.
The next of kin is paid Kshs 100,000/-
immediately.
The plan covers four members of
the nuclear family (Parents and two
children below 18yrs).
Contribution is Kshs 1,000/- monthly.
For each extra child add Kshs. 100/-
Mpesa Paybill No: 4018001 Acc: Fariji
What is a Sacco Benevolent fund?
A SACCO Benevolent Fund is a type of fund that is established by a Savings and Credit Cooperative (SACCO) to provide financial assistance to its members in times of need. The purpose of the fund is to support members who may be experiencing financial difficulties due to illness, disability, or other unforeseen circumstances.
Members of the SACCO can contribute to the benevolent fund through regular donations or by contributing a portion of their savings or dividends to the fund. The fund is managed by the SACCO and is governed by a set of rules and regulations.
When a member of the SACCO experiences financial hardship, they can apply to the benevolent fund for assistance. The fund may provide grants or interest-free loans to members in need, depending on the specific circumstances.
The SACCO Benevolent Fund is one way that SACCOs demonstrate their commitment to their members’ financial well-being and the cooperative values of mutual assistance and support. By contributing to the fund, members can help ensure that their fellow members have access to financial assistance when they need it most.