Chamas generally have a common investment goal. They need tailor-made accounts that collect funds securely and conveniently. Our Ufanisi Chama Account helps them to get the most value from their money.
Details
Ideal for Chamas who want to save and access financing
Opening and Operating Balance of KSh 200
Banker’s Cheque at KSh 200
Transaction charges at KSh 30 per debit
Available in KES
Shari’ah Contract: Qard
Benefits
Free semi-annual statements
Free internal transfers within FCB accounts (with Cheque leaf)
Zero account maintenance fee
Requirements
Original and Copy of Group Registration Certificate
Minutes of the Group resolving to open an account with FCB (certified by the County/Sub-County Social Development Officer)
Signed list of members with ID Numbers
Group Constitution (certified by the County/Sub-County Social Development Officer)
Introduction Letter from Ministry of Gender, Culture and Social Service indicating list of office bearers
Original and Copy of ID/Passport of authorized signatories
2 recent passport photographs of authorized signatories
Original and copy of KRA PIN Certificate
Account opening balance
Requirements subject to the registration status of business/corporate i.e. Sole Proprietor, Limited Company etc.