What is Okoa Investment?
Okoa Investment is our interest earning savings product. The interest calculation is usually done monthly.
Okoa Investment Features
- Minimum lock period of 3 months.
- Interest earning of up to 15% per annum.
- Minimum savings of 5,000 Kenya Shillings.
- Payable monthly.
- The account can also act as collateral for loans.
- Automatic renewal
- Withdrawal notice of a maximum of 30 days.
- Must be an active Okoa Finance members.
- Must be saving a minimum of Sh. 250 in their Okoa Savings Fund throughout their period at Okoa Finance.
- Must have saved a minimum of 5 weeks in Okoa Finance.
- Must be guaranteed by other Okoa Finance members if loan being borrowed exceeds the amount in their Okoa Savings Fund.