REES aims at enhancing the Economic and social welfare of the people of Kenya and their families. There are sub counties in Kenya with no established financial institution. Members have to depend on banks and SACCOs in the neighboring sub counties. This has made access to credit very expensive. REES aims at empowering entrepreneurs to:

• Make sound business decision.
• Access cheap capital to develop business and acquire business assets.
• Acquire skills and wide market understanding to do business further than home.
• Be aware of their rights and obligations to the community and the government.

• Fill in membership application form.
• Attach a copy of your ID, kin’s ID and 2 passport size photographs.
• Pay membership fees ksh.550 per individual to REES through direct Bank via Paybill. 247247 account: 897273
• Drop/send the form to our office near you or to info@reeskk.org

Nyamira junction next to Kabondo Kasipul constituency office.

• Easy and convenient savings facility.
• Affordable credit facilities for both cash and assets.
• Financial and business management training.
• Business advisory services.
• A chance to interact, network, learn and share experience with other entrepreneurs.
• Burial and Benevolenct fund ( revised from time to time).

• In order to build deposits.
• Constitute members deposit from which loan are granted.
• Used as collateral for loans.
• Savings are at a monthly minimum of Ksh.600 only.

• Be a registered REES member.
• Contribute regularly for at least 6 months.
• By having at least three guarantors who are paid up members.
• Members who transfer their deposits from another Sacco are exempted from the waiting period.
• Fill in loan application form and attach relevant documents.

• All loan granted by the society must be guaranteed by at least three members of the society.
• Guarantors’ and applicants’ savings MUST be equal to or more than the loan applied for.
• In special cases when loan is less/equal to savings one could self-guarantee but have to state in writing.

• Any active member with good standing provided that he/she has not over guaranteed.
• Whoever can commit to repay the loan guaranteed if the person guaranteed fails to pay

Guarantors are jointly together and severally (individually) liable for the repayment of a loan in the event of the borrower’s default.

Guarantors and one’s savings.

• EFT (Electronic Fund Transfer)
• RTGS(Real Time Gross Settlement)
• Cheques
• M-PESA

Yes ,that is allowed and does not attract early clearance charge.

• YES
• REES ordinarily offers finance to businesses that have been in existence. The track record of a business is very important in demanding the ability to service a loan.
• However , we also have a start-up loan for those who want to start their own business which is given out in phases based on a clear business plan .For more details check on the product and service pamphlet.

• A nominee is the person designed by a member to receive the proceeds to any payable funds upon the incapacitation or death of the member.
• All members are required to provide details of nominee(s) upon registering as members.
• One can change and /or update his/her nominee information as and when need arises.