To our members, we continue to update this section with your relevant questions/answer. In the event you do not see one that answers your unique need, please to do let us know and we will update. The Great Pillars Diaspora Sacco
The Great Pillars Diaspora Sacco is open to everyone, including Civil Servants, Business Community, Farmers, Institutions both Private and Public, Micro finance Groups, and much more
Business account whereby you join membership, accumulate savings, acquire loan and earn dividends at the end of the year
Gainfully employed members only require at least one deduction from their employer. For unemployed members, one must save regularly for at least three (3) months in order to qualify for a loan.
A member is supposed to remit a cheque in favor of The Great Pillars Diaspora Sacco and at least one deduction from the employer. For the Unemployed, one is given a loan up to 80% of the shares.
It will take less than 30 minutes for the loan to be processed, according to the capability of an individual. For business members, it will depend on the nature of the security offered. For instance, in case of land valuation has to be done and also charging process, hence it may take less then 10 working days
The repayments commence immediately for all the loans. All the loan schedules are set to the last day of the month.
All the loans are granted instantly. For normal normal loan/development, a member normally gets an advance before getting the full amount within 3 working days.
Normal loans are maximum 3. For emergencies and advances, there is no limit.
When the loan is fully repayed.
The Great Pillars Diaspora Sacco is licensed by SASRA, the regulatory body of the Saccos. Also the Sacco has invested heavily on its Co-banking systems and security firewalls and measures, to safeguard its network infrastructure.
The Member must give a 60 days written notification prior, for their account to be liquidated and funds released/refunded.
Individual category:-
Savings & Credit category:-
Investment Account category:-
Yes. For Membership approval purposes, one can use their Passport to register. Members are however encouraged to obtain a valid ID for activities such as Funds Transfer and Loan Approval purposes