MOMBO- A Digital SACCO 1.0.123 (124)

Mombo Investments Ltd – Freeware – iOS
out of 9 votes

Latest Version
1.0.123 (124) Safe to install

This is not a download form!

The UpdateStar program database is maintained by the users, for the users.
With your support, you can help all other users keep their software setup up-to-date. Fill out any fields that are incorrect or not up to date. We will check and evaluate your contribution as soon as possible.
Thank you for supporting UpdateStar!

Title:

Category:

Requirements:

Android

iOS

Windows

Mac

Linux

License:

Publisher:

Publisher URL:

Description:

Mombo Sacco, a renowned digital savings and credit cooperative in Kenya, offers a distinct approach to savings and financial management for its members. This review delves into the key features and benefits of joining this cooperative, which are designed to make saving convenient, transparent, and rewarding.

Key Features of Mombo Sacco:
<ol>
 <li>
 Convenience: The ability to open an account through a mobile device in under 10 minutes showcases the cooperative’s commitment to accessibility. The user-friendly app facilitates immediate savings.
 </li>
 <li>
 Transparency: Members can easily access their account details and terms via mobile devices, ensuring clarity and openness in financial dealings.
 </li>
 <li>
 Competitive Profit Rates: Mombo Sacco boasts attractive fixed savings rates that allow members’ investments to grow efficiently over time.
 </li>
 <li>
 Flexibility: With various account options available, members can select accounts that align with their financial goals, whether they are starting out or looking to expand their investments.
 </li>
 <li>
 Insurance: All savings are protected by one of Kenya’s largest insurers, providing members with peace of mind regarding the safety of their funds.
 </li>
 <li>
 Financial Literacy: The cooperative offers resources for financial education through its app, including an AI assistant named Stadi who assists with making informed financial choices.
 </li>
 <li>
 Reasonable Loan Options: Members can access affordable loans with the benefit of interest discounts for early repayments, promoting financial stability through effective savings strategies.
 </li>
</ol>

Flexible Saving Accounts:
Mombo Sacco presents five flexible savings account options that cater to varying financial capabilities and objectives. These accounts typically yield monthly interest, which can be withdrawn annually:
<ul>
 <li>Bronze: Minimum monthly savings of Ksh 500 with a 4% annual profit.</li>
 <li>Silver: Minimum monthly savings of Ksh 2,500 with a 4.5% annual profit rate.</li>
 <li>Gold: Minimum monthly savings of Ksh 5,000 with a 5% annual profit rate.</li>
 <li>Platinum: Minimum monthly savings of Ksh 10,000 yielding 6% annually.</li>
 <li>Emerald: Minimum monthly savings of Ksh 30,000 with an 8% annual profit rate.</li>
</ul>

Corporate/Chama/Group Saving Accounts:
Mombo Sacco also accommodates corporates and groups with five types of group savings accounts that generate consistent returns and offer loan facilities. Monthly returns are accessible annually:
<ul>
 <li>Stawi: Minimum monthly savings of Ksh 10,000 earning 4% annually.</li>
 <li>Shaba: Minimum monthly savings of Ksh 30,000 with a 6% annual profit.</li>
 <li>Fedha: Minimum monthly savings of Ksh 50,000 earning a 7% annual profit.</li>
 <li>Dhahabu: Minimum monthly savings of Ksh 100,000 earning an 8% annual profit.</li>
 <li>Sumaridi: Minimum monthly savings of Ksh 300,000 yielding a notable 9% annual profit.</li>
</ul>

Goal Savings Accounts:
The cooperative provides goal-based accounts tailored for both individuals and groups. These accounts foster disciplined saving with competitive rewards for set terms. Key features include:
<ul>
 <li>Goal-based Savings: Track progress toward various objectives within a main goal account.</li>
 <li>Easy Fund Transfer: Transfer funds between goal accounts without affecting the primary balance for enhanced flexibility.</li>
 <li>Sprint Goal Account: Competitive interest rate of 6%, ideal for short-term saving goals.</li>
 <li>Marathon Goal Account: Maximizes growth potential with a long-term interest rate of 10%.</li>
</ul>

The Short-Term Goal Account offers quick access to funds within 48 hours, while Long-Term Goal Accounts encourage disciplined saving with locked-in assets for better returns. Personalized financial planning assistance is also available to help members achieve their desired outcomes.

Mombo Sacco appears as a compelling choice for those looking to enhance their savings journey while benefiting from a myriad of supportive features.

Tags:

Short description:

Installed version unknown?

Current version:

Download URL:

Direct Download URL:

Buy URL:

Icon URL:

Screenshot 1 URL:

Screenshot 2 URL:

Screenshot 3 URL:

Screenshot 4 URL:

PAD file URL:

Comment:

Your email:

Newsletter:

Please enter your email address if we may contact you should we have questions regarding your contribution. We will never share your e-mail address with any third party.

Screenshots (Click to view larger)

Secure and free downloads checked by UpdateStar

Stay up-to-date
with UpdateStar freeware.

Latest Reviews

	SteelSeries GG Enhance Your Gaming Experience with SteelSeries GG!
	Wavesfactory Trackspacer Elevate Your Mixes with Precise Frequency Balancing
	ToDesk Effortless Remote Desktop Management with ToDesk!
	OST LA Unearth the Art of Sound with OST LA by Mobile
	Native Instruments Elevate Your Music Production with Native Instruments
	LetsVPN Stay secure and anonymous online with LetsVPN!

Most Popular Downloads

	UpdateStar Premium Edition Keeping Your Software Updated Has Never Been Easier with UpdateStar Premium Edition!
	Microsoft Visual C++ 2015 Redistributable Package Boost your system performance with Microsoft Visual C++ 2015 Redistributable Package!
	Microsoft Edge A New Standard in Web Browsing
	Google Chrome Fast and Versatile Web Browser
	Microsoft Visual C++ 2010 Redistributable Essential Component for Running Visual C++ Applications
	Microsoft Update Health Tools Microsoft Update Health Tools: Ensure Your System is Always Up-to-Date!