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Mwalimu Sacco announces shares, rebates payment details 2022

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RE: ADVANCE AGAINST EXPECTED REBATE FOR YEAR 2021

Following the Mwalimu Sacco Board’s resolution on 30th August 2021, the second phase of Advance against expected.

Interest rebates for financial year 2021 will be rolled out from 14 January 2022.

The terms and conditions of the product will be as follows:

1. The advance will be accessed via the Go – mobile App platform and USSD *633#
2. From 1 January 2022 to ADM date, members will be eligible for 75% of projected at the rate of 5% on amount accessed.
3. The computation of the advance qualified for, will be based on member’s deposits balance as of 30 November 2021 on a month-on-month basis. The multiplying factor will be 7%.

It is important to note that 7% is just for purposes of administering the Advance product but NOT the rate of Interest rebate for year 2021. The rate for the year 2021 will be declared in the next ADM in 2022 based on full year’s financial performance and upon external audit.

4. Members who have defaulted on their loans’ obligations will NOT be eligible and hence do not qualify for the advance unless their accounts are regularized.

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Wezesha Loan Repayment Schedule by Mwalimu National Sacco

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 Mwalimu National Sacco, MNS, has released a new Wezesha Loan Repayment Schedule. This will enable you to know the maximum loan amount you can get from the SACCO, based on your loan ability. See the latest loan repayment schedule, below.

Also read;

Mwalimu National SACCO loans and how to apply: Check off, Salary loans

Mwalimu National SACCO Loans, Branches, Contacts, Forms, Mobile services, How to join, Website and Portal login

Mwalimu National Sacco loans; BOSA interest rates and loan calculator

TSC loan application process for teachers at Mwalimu National Sacco

Mwalimu National SACCO membership; How to be a member, requirements and benefits

Gusii Mwalimu Sacco; Loans, how to join, requirements, offices location and contacts.

WEZESHA LOAN LATEST REPAYMENT SCHEDULE.

WEZESHA LOAN AT 13.5% Educationnewshub.co.ke
YEARS 1 2 3 4
MONTHS 12 24 36 48
10,000 896 478 339 271
20,000 1,791 956 679 542
30,000 2,687 1,433 1,018 812
40,000 3,582 1,911 1,357 1,083
50,000 4,478 2,389 1,697 1,354
60,000 5,373 2,867 2,036 1,625
70,000 6,269 3,344 2,375 1,895
80,000 7,164 3,822 2,715 2,166
90,000 8,060 4,300 3,054 2,437
100,000 8,955 4,778 3,394 2,708
110,000 9,851 5,255 3,733 2,978
120,000 10,746 5,733 4,072 3,249
130,000 11,642 6,211 4,412 3,520
140,000 12,537 6,689 4,751 3,791
150,000 13,433 7,167 5,090 4,061
160,000 14,328 7,644 5,430 4,332
170,000 15,224 8,122 5,769 4,603
180,000 16,119 8,600 6,108 4,874
190,000 17,015 9,078 6,448 5,145
200,000 17,910 9,555 6,787 5,415
210,000 18,806 10,033 7,126 5,686
220,000 19,701 10,511 7,466 5,957
230,000 20,597 10,989 7,805 6,228
240,000 21,492 11,466 8,144 6,498
250,000 22,388 11,944 8,484 6,769
260,000 23,284 12,422 8,823 7,040
270,000 24,179 12,900 9,163 7,311
280,000 25,075 13,378 9,502 7,581
290,000 25,970 13,855 9,841 7,852
300,000 26,866 14,333 10,181 8,123
310,000 27,761 14,811 10,520 8,394
320,000 28,657 15,289 10,859 8,664
330,000 29,552 15,766 11,199 8,935
340,000 30,448 16,244 11,538 9,206
350,000 31,343 16,722 11,877 9,477
360,000 32,239 17,200 12,217 9,747
370,000 33,134 17,677 12,556 10,018
380,000 34,030 18,155 12,895 10,289
390,000 34,925 18,633 13,235 10,560
400,000 35,821 19,111 13,574 10,831
410,000 36,716 19,589 13,913 11,101
420,000 37,612 20,066 14,253 11,372
430,000 38,507 20,544 14,592 11,643
440,000 39,403 21,022 14,932 11,914
450,000 40,298 21,500 15,271 12,184
460,000 41,194 21,977 15,610 12,455
470,000 42,089 22,455 15,950 12,726
480,000 42,985 22,933 16,289 12,997
490,000 43,880 23,411 16,628 13,267
500,000 44,776 23,889 16,968 13,538
510,000 45,672 24,366 17,307 13,809
520,000 46,567 24,844 17,646 14,080
530,000 47,463 25,322 17,986 14,350
540,000 48,358 25,800 18,325 14,621
550,000 49,254 26,277 18,664 14,892
560,000 50,149 26,755 19,004 15,163
570,000 51,045 27,233 19,343 15,434
580,000 51,940 27,711 19,682 15,704
590,000 52,836 28,188 20,022 15,975
600,000 53,731 28,666 20,361 16,246
610,000 54,627 29,144 20,701 16,517
620,000 55,522 29,622 21,040 16,787
630,000 56,418 30,100 21,379 17,058
640,000 57,313 30,577 21,719 17,329
650,000 58,209 31,055 22,058 17,600
660,000 59,104 31,533 22,397 17,870
670,000 60,000 32,011 22,737 18,141
680,000 60,895 32,488 23,076 18,412
690,000 61,791 32,966 23,415 18,683
700,000 62,686 33,444 23,755 18,953
710,000 63,582 33,922 24,094 19,224
720,000 64,477 34,399 24,433 19,495
730,000 65,373 34,877 24,773 19,766
740,000 66,269 35,355 25,112 20,036
750,000 67,164 35,833 25,451 20,307
760,000 68,060 36,311 25,791 20,578
770,000 68,955 36,788 26,130 20,849
780,000 69,851 37,266 26,470 21,120
790,000 70,746 37,744 26,809 21,390
800,000 71,642 38,222 27,148 21,661
810,000 72,537 38,699 27,488 21,932
820,000 73,433 39,177 27,827 22,203
830,000 74,328 39,655 28,166 22,473
840,000 75,224 40,133 28,506 22,744
850,000 76,119 40,610 28,845 23,015
860,000 77,015 41,088 29,184 23,286
870,000 77,910 41,566 29,524 23,556
880,000 78,806 42,044 29,863 23,827
890,000 79,701 42,522 30,202 24,098
900,000 80,597 42,999 30,542 24,369
910,000 81,492 43,477 30,881 24,639
920,000 82,388 43,955 31,220 24,910
930,000 83,283 44,433 31,560 25,181
940,000 84,179 44,910 31,899 25,452
950,000 85,074 45,388 32,239 25,723
960,000 85,970 45,866 32,578 25,993
970,000 86,865 46,344 32,917 26,264
980,000 87,761 46,821 33,257 26,535
990,000 88,657 47,299 33,596 26,806
1,000,000 89,552 47,777 33,935 27,076
1,010,000 90,448 48,255 34,275 27,347
1,020,000 91,343 48,733 34,614 27,618
1,030,000 92,239 49,210 34,953 27,889
1,040,000 93,134 49,688 35,293 28,159
1,050,000 94,030 50,166 35,632 28,430
1,060,000 94,925 50,644 35,971 28,701
1,070,000 95,821 51,121 36,311 28,972
1,080,000 96,716 51,599 36,650 29,242
1,090,000 97,612 52,077 36,989 29,513
1,100,000 98,507 52,555 37,329 29,784
Educationnewshub.co.ke
1,110,000 99,403 53,032 37,668 30,055
1,120,000 100,298 53,510 38,008 30,325
1,130,000 101,194 53,988 38,347 30,596
1,140,000 102,089 54,466 38,686 30,867
1,150,000 102,985 54,944 39,026 31,138
1,160,000 103,880 55,421 39,365 31,409
1,170,000 104,776 55,899 39,704 31,679
1,180,000 105,671 56,377 40,044 31,950
1,190,000 106,567 56,855 40,383 32,221
1,200,000 107,462 57,332 40,722 32,492
1,210,000 108,358 57,810 41,062 32,762
1,220,000 109,253 58,288 41,401 33,033
1,230,000 110,149 58,766 41,740 33,304
1,240,000 111,045 59,243 42,080 33,575
1,250,000 111,940 59,721 42,419 33,845
1,260,000 112,836 60,199 42,758 34,116
1,270,000 113,731 60,677 43,098 34,387
1,280,000 114,627 61,155 43,437 34,658
1,290,000 115,522 61,632 43,777 34,928
1,300,000 116,418 62,110 44,116 35,199
Educationnewshub.co.ke
1,310,000 117,313 62,588 44,455 35,470
1,320,000 118,209 63,066 44,795 35,741
1,330,000 119,104 63,543 45,134 36,012
1,340,000 120,000 64,021 45,473 36,282
1,350,000 120,895 64,499 45,813 36,553
1,360,000 121,791 64,977 46,152 36,824
1,370,000 122,686 65,455 46,491 37,095
1,380,000 123,582 65,932 46,831 37,365
1,390,000 124,477 66,410 47,170 37,636
1,400,000 125,373 66,888 47,509 37,907
1,410,000 126,268 67,366 47,849 38,178
1,420,000 127,164 67,843 48,188 38,448
1,430,000 128,059 68,321 48,527 38,719
1,440,000 128,955 68,799 48,867 38,990
1,450,000 129,850 69,277 49,206 39,261
1,460,000 130,746 69,754 49,546 39,531
1,470,000 131,641 70,232 49,885 39,802
1,480,000 132,537 70,710 50,224 40,073
1,490,000 133,433 71,188 50,564 40,344
1,500,000 134,328 71,666 50,903 40,614