Date Posted: 1/30/2014 9:43:57 AM
Posted By: meg soni Membership Level: Gold Total Points: 2477
Kenya women trust fund is a micro finance institution that offers services to women which include savings options which are favorable to them. Savings improves the future of women and their families, they have great benefits which include; competitive interest rate, no cash deposit fee and easy access to the account at any KWFT-DTM branch. Some of these savings products and services include;1. INUKA TRANSACTIONAL ACCOUNT:This account is ideal for people who need cash on a regular basis. It has zero/minimal opening balance, low minimum operating balance, attractive interest rates, consideration for when one applies a loan, standing order available and unlimited daily access to funds via counter and ATMs.2. TEGEMEO VOLUNTARY SAVINGS ACCOUNT:This savings account is designed for savers who want to see their money grow, someone who is interested in long term investment. The benefits are; zero opening balance, low minimum operating balances, attractive interest rates, special consideration when one applies for a loan, no ledger and account maintenance fee and no cash deposit fee.3. KWFT-DTM CALL ACCOUNTS:This is designed for short term investments in case one is not interested in saving for a long period of time. Some of the advantages of this account are; low opening balance, very attractive interest rates, flexible and attractive terms and fast processing.4. RIZIKI FIXED DEPOSIT ACCOUNT:The account is designed for individuals, groups and institutions who desire to have a saving plan for a fixed duration of time. Benefits are; negotiable and attractive rates of interest, free cheques when redeeming the deposit, special considerations when one applies for a loan and has a specific deposit period.5. TAUSI JUNIOR ACCOUNT:This account is suitable for children, savings for the child’s education and future. It is a great idea and would be described as saving for the “little people”. Tausi junior account enables parents and children accumulate savings for their future. It has competitive interest rates, a free bankers cheque, free standing order, no maintenance fee and a ‘coin box’ in order to save extra coins the parents may have. This is a nice way to save for the children’s future as extra coins can accumulate and is added to the money in the account.6. TUJIUNGE GROUP SAVINGS ACCOUNT:This savings account is designed for formal and informal women groups better known as ‘chama’ who want their savings to be safe and grow in order to benefit them in the future. The account has its advantages which include the following; zero opening balance, low minimum operating balance, attractive interest rates, flexible savings period and access to loan facilities.7. KWFT CASHCARD:It is convenient and one has timely access to his or her cash. The benefits are; accessible 24 hours 7 days a week, services are available countrywide and over 800 ATMS worldwide.8. KWFT MOBILE BANKING:Mobile banking is convenient and saves a lot of time especially for people who are busy and may lack time to queue in the bank. In order to join this service, KWFT members should dial *378#. The menu of mobile banking consists of the following; balance enquiry, mini statement, funds transfer, M-Pesa, purchase airtime, ATM services and utilities payment.
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