FILMMAKERS CAN NOW GET LOAN SERVICES THROUGH JAMII BORA SACCO.
Jamii Bora Trust/Microfinance is a story that inspires great hope and possibilities in the face of adversity. From its humble beginnings as a self-help group of a miserly 50 underprivileged people, it has grown into a membership of over 300,000 people spread all over Kenya. It also has Jamii Bank with 10 operating branches, Jamii Housing scheme for its members and a medical scheme.
Jamii Bora SACCO which grew out of the microfinance trust agreed to partner with KFTPA towards the end of 2012 so as to allow the wider film family to access to its facilities and the other privileges it offers to its members. Jamii Bora’s mission is to assist its members to get out of poverty and build a better life for themselves and their families. Their experience has shown that any family, however poor, miserable, or hopeless, is capable of saving and getting themselves out of poverty. They want to strengthen and utilize all the skills, determination and hard work of the people of Kenya to build a better nation through better families. This is a great opportunity for the film industry that has severally but unsuccessfully tried to form a SACCO.
Due to the nature of their work, Kenyan Film Industry personnel have always found it hard to get loans from financial institutions which require monthly repayments of loans guaranteed by employer pay slips. Since there are months when film makers are not working and do not have income, this unsteady cash flow makes film makers be viewed as high risk people to give loans to. Jamii Bora has however come to the rescue of filmmakers by partnering with the Kenya Film Television and Producers Association (KFTPA) to help cast and crew to have a saving culture and also acquire loans easily as Jamii Bora has taken the time to understand the financial situations that film makers go through. This will in turn reduce the strain on producers who usually are the people crew and artists run to when in urgent need for money.
The KFTPA secretariat is now a branch of Jamii Bora SACCO. This means that their members who join the SACCO will be allowed access to their housing SACCO, water projects and medical scheme. Jamii Bora SACCO has branches all over the country and the newest is KFTPA Branch – Dagoretti Corner. That is newly recruiting members on Jamii Bora SACCO membership and programs and all film makers are welcome to join.
Jamii Bora Trust/ microfinance organization was founded by Mama Ingrid Munro in 1999.
TO JOIN JAMII BORA SACCO
Every member in Jamii Bora SACCO is a shareholder in the SACCO. To be a full member, they must have KES 3,000 in shares. All members are share holders. The money they deposit is addition to the shares is their own personal savings.
Registration fee is 500/= a passport size photocopy of I.D COPY
- 1 Share – 3000/=
- You are eligible for a loan as from Kshs. 10,000/= after 8weeks of saving.
BANK ACCOUNT DETAILS
- KCB, Account Number 1131197992 – Industrial Area Branch
- Cooperative Bank. Account Number 01120419640000 Co-op Bank House Branch
- Health Insurance – Kshs. 2,100 Inpatient if you include your spouse it is Ksh.4,200.annualy.
- Life Insurance Small loans- are given as start-capital for small business such as vegetable stalls, cleaning businesses, mechanical business, and medical clinics and so on. The Jamii Bora Trust itself encourages self-management and internal new staff is recruited from the membership.
As for film makers, cast and crew, you need guarantors from your different associations in order to start enjoying loan services from the Sacco. You do not necessarily have to be a member of KFTPA but if you are a member of the other registered known film bodies and can get someone to confirm that you are part of the Film industry, you are eligible to a loan.
You can start saving with Jamii bora in the mean time though.
For more information or querries, contact
At Shalom House – Block C
On St Daniel Comboni Rd, off Ngong Rd
Tel: +254 (0) 722 484 420
Head of Information & Outreach Jamii Bora SACCO/Trust
Race4change Club-Kenya patron/founder