Pamoja Account

This is a bank account for Chamas and registered groups to help them save invest and grow through savings.

Benefits

  • Fast, efficient and affordable banking
  • Attractive tax free interest.
  • No ledger fees or account maintenance fees.
  • Free half yearly statements.
  • 10% bonus interest on the interest earned.
  • One free banker’s cheque per quarter.
  • Flexible, no limitations on withdrawals.

Requirements

  • Certificate of registration documents of the Chama.
  • Minutes for Chama/group meetings to elect account signatories.
  • Constitution OR Articles of association only for groups registered under the Society Act.
  • Signatories to the account (3 maximum)
  • Original and copy of national ID or passport.
  • Minimum affordable opening balance of Kshs.2,500/=.
  • Minimum operating balance of Kshs.2000.

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