University of Nairobi Chuna Sacco held a successful members education day at Lower Kabete Campus on September 15, 2026.
Members were told of the numerous developments happening at the SACCO, some of them being several products launched in the recent past that enables members to borrow and repay loans for longer periods. Members were delighted to hear that they can now borrow upto Kshs. 8 Million.
For those whose payslip may not support the huge amount, they can bring it collateral like land, houses etc to boost their SACCO borrowings.
For those who have been consistently saving their hard earned money, they will be happy to receive their dividends in March 2026 after the AGM.
This year, the CHUNA SACCO will be celebrating 50 years since its inception in 1976.
On the issue of guarantors, members were told that going forward, they’ll be alerted via email and SMS that a given member has put them as guarantors and they’ll be required to login to the system and accept or deny.
Last year, 2025, CHUNA SACCO gave out 16% interest on share capital and 6% interest on deposits and in 2026, members can only be optimistic of the good earnings to come.
CHUNA SACCO is doing well in the industry having earned awards for the excellent work has partnered with industry giants like Microsoft, COOP BANK, University of Nairobi, KUSCO among others.
There was some good news for members who are suffering by paying loans guaranteed and the guarantors left the university , soon, before the staff members exit the university, their savings will be deducted to cater for the loans taken and this will be a big relief to those who are currently carrying the burden.