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Save consistently. Borrow responsibly. Grow together.
A simple member portal for savings visibility, loan-limit estimates and constitution acceptance.
Member overview
Savings & borrowing dashboard
Loan eligibility calculator
AUD ↔ KESFund protection model
SACCO- Standard members save weekly; Gulf-region members follow a monthly salary cycle.
- No loans during the first one-month savings-only period.
- Gulf-region loans start from month two: 3 months at 8%, 6 months at 10%, or 12 months at 12.5%.
- Interest and penalties are pooled for proportional year-end distribution.
Membership application
Join Lewivest Empowerment SACCO
Constitution summary
Important member information
Weekly saving
Every member contributes between AUD 50 and AUD 500 each week. A missed contribution attracts a fixed AUD 50 penalty deducted from savings.
Savings-only start
The first month is strictly for savings. No member loans may be issued during this initial period.
Borrowing limit
Members may normally borrow up to 3× accumulated savings, subject to liquidity, approval and sufficient guarantor commitments.
Guarantors
All loans require guarantors whose combined committed savings equal or exceed the requested loan amount.
Repayment
Initial loans run for one month at 8%. One rollover may be approved before the due date, followed by a five-day grace period.
Default recovery
After the grace and penalty timeline, recovery may proceed from the borrower’s savings and then guarantors’ committed savings.
Liquidity protection
Loans must not exceed 70% of total SACCO savings. At least 30% remains as a cash reserve.
Year-end returns
Interest and penalties are pooled and distributed proportionally according to each member’s total savings contributions.
Gulf monthly cycle
Kenyan members based in the Gulf save monthly, remain locked for the first month, and may borrow from month two.
Gulf loan terms
Available terms are 3 months at 8%, 6 months at 10%, and 12 months at 12.5%, subject to approval.
Affordable commitment
After Gulf loan approval, the monthly savings commitment may reduce so the member can meet both the scheduled repayment and continued savings.