Instrtuctions

                                                             
Everybody who aspires financial freedom has the right to join Jericho Sacchos ,
For direct contact , go to the contact page and contact us,Working hours
0800 - 1700 Hours all weekdays and weekends.Below are some of the things including rules of Jericho Saccos which you should be familiar with.QUALIFICATIONS TO A MEMBER OF JERICHO SACCOS

​Anyone can be a member of Jericho Sacchos, however one has to

1. Buy initial 25 stock which are equivalent to 50,000 Ths
2. Pay 50,000  Ths initial as a joining fee which support daily office expenses such as printig and follow up.

Inaddition, one has to abide to rules below.
                                                   
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

                                                        Penalties

• 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.

BENEFITS OF BEING A MEMBER OF JERICHO SACCOS

1. Able to receive a long term loan with small interest.
   
2. Able to stand as a trustee for a friend or relative and enable her/him to receive short term loan.
3. Able to receive  money from  loan distribution.
   
4. A reliable means of storing money.
5. Learn entrepreneur skills and better way to invest your money.