About Jericho
Jericho Saccos (JERICHO SAVINGS AND CREDIT COOPERATIVE SOCIETY) founded in 2017 is a micro finance business organisation aimed at changing livelihood of people in Tanzania.
We are committed to offer better services than most micro finance business organisations in Tanzania.
Mission
Jericho aimed to be the leading Micro finance group in Tanzania by offering reliable services to our customer .
Vision
Through our services we aimed at transforming our lives and lives of people in Tanzania.
Our Team
Mbutolwe Stephen
C.E.O
C.E.O of Jericho Saccos ,ensuring the group stay in the mission always, Offers purpose to this growing team.
Lusubilo Joshua
Treasurer
Monitoring all financial matters of the group. Keeping track of all money related activities of the group.
Ambonisye Stephen
Jericho Main Secretary
Keeping records of all activities of the group, managing and monitoring all activities of the group ,keeping the group on course with mission.
Kisa Stephen
Assistant secretary
Aiding in keeping records and managing all activities of the group.
Service Offered
Loan services
We offer short term loan services to customers (everyone), The difference from other Loan services is that the interest we offer is considerably smaller , Another difference is we have a great scheduled system to remind our customers when they receive the loan and the due date to return it.
Member loan services
To receive a long term loan one has to To be a member of Jericho Saccos. To have all the qualifications required to receive loan To have a good record within Saccos of commitment and trust. To be approved by the board of Jericho Saccos. Instructions to join, conditions and rules are found on 'New member joining page'.
Learn MoreContact
Events
Testimonials
Hidaya StephenCEO HidayaStephen Microfinance
Best microfinance grop ever encountered.
Patrick MiyeyeManaging director Instalcom
Best customer services
Gerald ArchentalikaEntepreneur
i love this financial group.
Instrtuctions
Everybody who aspires financial freedom has the right to join Jericho Sacchos ,
For direct contact , go to the contact page and contact us,
0800 - 1700 Hours all weekdays and weekends.
Anyone can be a member of Jericho Sacchos, however one has to
- Buy initial 25 stock which are equivalent to 50,000 Ths
- Pay 50,000 Ths initial as a joining fee which support daily office expenses such as printig and follow up.
JERICHO SACCOS RULES FOR NEW JOINING MEMBERS
Rules for new members joining Jericho Saccos have been categorized into following areas.
-Meeting attendance
-Ways of collecting stock
-Entrance
-Regulations when new member wants to le
-Penalties
Meeting attendance.
- A new member will attend a meeting every last Sunday of every month until further changes have been made.
- Ways of collecting stocks
- A new member will not be compelled to buy stock until he/she decided to do so, however the duration of time without buying any stock should not exceed three months.
- A minimal amount of stock a new member is required to buy when he/she decides to is 5 stocks which is equivalent to 10,000/- Ths,i.e 2000/- Ths per stock
When a member wants to leave Jericho Saccos
- Money will be returned to the member after six months of initial proposalP
- When a member arrives late to a meeting the penalty issued will be 1000/- Ths.
- Failure to attend a meeting without a notice, the penalty issued will be 5000/-Ths, with notification the penalty will be 1000/-.
- A new member will lose his/her membership if there is a failure to buy stock for three months and will be required to re-rejoin.
- Able to receive a long term loan with small interest.
- Able to stand as a trustee for a friend or relative and enable her/him to receive short term loan.
- Able to receive money from loan distribution.
- A reliable means of storing money.
- Learn entrepreneur skills and better way to invest your money.
