{"version":"1.0","provider_name":"Nyati Sacco","provider_url":"https:\/\/beanafrica.com\/dev\/nyatisacco","title":"BOSA - Nyati Sacco","type":"rich","width":600,"height":338,"html":"<blockquote class=\"wp-embedded-content\" data-secret=\"P2HXy3PK9U\"><a href=\"https:\/\/beanafrica.com\/dev\/nyatisacco\/products-services\/bosa-products\/bosa\/\">BOSA<\/a><\/blockquote><iframe sandbox=\"allow-scripts\" security=\"restricted\" src=\"https:\/\/beanafrica.com\/dev\/nyatisacco\/products-services\/bosa-products\/bosa\/embed\/#?secret=P2HXy3PK9U\" width=\"600\" height=\"338\" title=\"&#8220;BOSA&#8221; &#8212; Nyati Sacco\" data-secret=\"P2HXy3PK9U\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" class=\"wp-embedded-content\"><\/iframe><script>\n\/*! This file is auto-generated *\/\n!function(d,l){\"use strict\";l.querySelector&&d.addEventListener&&\"undefined\"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!\/[^a-zA-Z0-9]\/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret=\"'+t.secret+'\"]'),o=l.querySelectorAll('blockquote[data-secret=\"'+t.secret+'\"]'),c=new RegExp(\"^https?:$\",\"i\"),i=0;i<o.length;i++)o[i].style.display=\"none\";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute(\"style\"),\"height\"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):\"link\"===t.message&&(r=new URL(s.getAttribute(\"src\")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener(\"message\",d.wp.receiveEmbedMessage,!1),l.addEventListener(\"DOMContentLoaded\",function(){for(var e,t,s=l.querySelectorAll(\"iframe.wp-embedded-content\"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute(\"data-secret\"))||(t=Math.random().toString(36).substring(2,12),e.src+=\"#?secret=\"+t,e.setAttribute(\"data-secret\",t)),e.contentWindow.postMessage({message:\"ready\",secret:t},\"*\")},!1)))}(window,document);\n\/\/# sourceURL=https:\/\/beanafrica.com\/dev\/nyatisacco\/wp-includes\/js\/wp-embed.min.js\n<\/script>\n","description":"Back Office Service Activity Access Loans upto 4X your Deposit Back Office Services Activity (BOSA) enables a member to make deposits and access credit services. The deposits are non-withdrawable (refunded when a member withdraws from the sacco) and allows members to borrow against their savings, at very competitive interest rates. BOSA BOSA saving products Member Deposits This is the monthly contribution made by a member against which they can access loans, guarantee loan and earn interest at the end of the year. Minimum monthly contribution is a per Gold membership category To Earn interest on deposits, member MUST pay contributions consistently Ability to guarantee and be guaranteed Ability to access loans in multiples of 4 times on one\u2019s deposits Share Capital This is a unit of ownership of the SACCO and members earn dividends on the same annually when declared. The Share Capital is not withdrawable and cannot be used to guarantee loans or used as multiplier to access loan but can be sold or transferred to an existing member upon one\u2019s withdrawal from the SACCO. The minimum share capital is Kshs. 30,000.00 or 3000 shares of Kshs100.00 each by December 2026. Reasons why a member should have a Share Capital account: To drive the SACCO business To meet the SASRA requirements that is the Institutional Capital It\u2019s a long-term investment with annual return Benevolent Fund This is a premium paid by each member in order to take care of funeral arrangements in case of demise of Member and Spouse. The amount to be paid is ksh.240 per month for Member and Spouse. In case of a member\u2019s demise, the family is given Ksh.100,000 for Burial Expenses, all loans are offset then next of Kin is refunded Two (2) times of member savings In case of Spouse demise, the family is given ksh.70,000 for Burial Expenses If a Member is totally incapacitated, Sacco shall pay 30% of outstanding loans. Ability to access loans in multiples of 4 times on one\u2019s deposits Claim Procedure: Fill claim form and attach Original &#038; a copy of burial permit, ID of Member and deceased then claims will be paid within 48hrs. To facilitate final dues, member must provide original Death Certificate. The Loan Procedure 01 A member becomes eligible after three months of consistent contribution. Minimum deposit of 12,000 02 Members are required to fill in a loan form and select the loan they are applying for 03 Enough guarantors are required if loan applied together with any other existing loans is above the deposits 04 Once the loan reaches Nyati office, the member is informed via SMS and the form proceeds for guarantor booking 05 Loans can be differed if the form is faulty, guarantors are not eligible, it is not signed, or member does not qualify for loan 06 No form is returned to the member, the member is required to fill in a new form or guarantor additional form 07 Members should ensure they know the responsibilities they carry as guarantors 08 While granting loans, the members Gross Salary or income is considered, and the SACCO is expected to utilize a maximum of 2\/3rd of the net income thereby leaving the member with a take home pay of not less than 1\/3rd. 09 Not listed in CRB Guarantorship For long term loans Less than kshs400,000: Minimum 3 guarantors (Aggregate of deposits covering loan amount) For all loans above Kshs400,000: Minimum 4 (Aggregate of deposits covering loan amount) Self-guaranteed loans max of 90% of deposits for members who have not guaranteed other loans A member can guarantee up to 6 loans Interested? Check out our BOSA Saving Products BOSA Savings Products"}