Service workers in Kenya are the backbone of many industries, from hospitality and tourism to barber shops and Boda Bodas. They put in long hours for an average salary of around Kshs. 20,000 per month and an average tip of Kshs. 500 per day. Making ends meet on a service worker's salary can be tough. However, setting aside even a small amount, like Kshs. 1,000 each month, can create a positive financial safety net for the future. ‘If a little growth serves as the fuel for future growth, a small starting base can lead to results so extraordinary they seem to defy logic’ -Psychology of Money).
While financial literacy resources haven't always catered specifically to Kenya's service sector, there's a positive shift towards creating tools that empower them to build a secure financial future. One way service workers can save is through dedicated saving instruments like Credit Cooperatives (Sacco), for example, Shukran Sacco.
Shukran SACCO, is a digital financial services platform, that aims to grow the incomes and financial inclusion of service providers in Kenya and is dedicated to empowering them with the means to save and nurture their financial development.
How to Join Shukran Sacco
Joining Shukran Sacco is a great way for service workers in Kenya to build a secure financial future. Here's a detailed breakdown of what you need to get started:
- Membership Fee: A one-time fee of Kshs. 500 grants you access to Shukran Sacco's membership benefits. This is a small investment that opens the door to saving and growing your money.
- Share Capital: Invest Kshs. 3,000 to purchase 30 shares at Kshs. 100 each. The good news? These shares earn a competitive 10% annual interest rate! This means your money grows passively over time, working for you even when you're not actively saving.
- Minimum Monthly Savings: Commit to saving at least Kshs. 1,000 every month. Consistency is key to building a healthy nest egg. At Shukran Sacco we encourage regular saving habits to help you reach your financial goals,withh the help of the Shukran Sacco app
- Bonus: Shareholder Benefits: Owning Shares makes you a shareholder in Shukran SACCO, you'll not only benefit from saving and earning interest, but you will also have a stake in the SACCO's success
Why Join Shukran SACCO?
By joining Shukran Sacco, you'll gain access to more than just a savings account:
- Financial Education Resources: Shukran Sacco offers free financial literacy resources to help you make informed financial decisions
- .Shukran Sacco App: As a member of Shukran SACCO, you have a digital sacco app that allows you to save your tips from as low as Kshs. 1000 monthly and earn an interest of 10% on your Share Capital per annum. However, you also have the option of making a direct deposit from your M-pesa or initiate a standing order from your salary account.
- Community of Service Workers: We have a community of service providers working towards achieving their financial goals where we provide financial literacy training and networking programmes. Shukran SACCO is here for you!
Empower Your Future: Join Shukran The Best Sacco for Kenyan Service Workers
Are you a service worker looking for a SECURE and RELIABLE way to save and grow your hard-earned money and tips? You can easily be a part of us by simply downloading the Shukran SACCO app through this link and Secure Your Future Today with the #1 Sacco for Kenyan service workers.
JENGA LIFE YAKO NA SHUKRAN SACCO!
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