Features:Â

• One-time setup fee of Kshs. 500.Â
• No minimum balance requirement, making it accessible to members with varying financial capacities.
• Designed for members to set aside funds specifically for unexpected financial emergencies.
• Allows quick access to funds when a member faces an unforeseen crisis or urgent financial need. Notice period is 24 hours.Â
• Members can withdraw from the emergency fund without facing stringent conditions, ensuring flexibility during emergencies.
• No penalties or fees for withdrawing funds from the emergency fund.
• Encourages members to make regular contributions to build and maintain the emergency fund.
• Provides financial education on the importance of having an emergency fund and guidelines on fund utilization.
• Maintains a separate account to distinguish emergency fund contributions from regular savings.
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