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FAQs

How do I join the Sacco?

Download and duly fill both the membership application form here and nomination form here, attach your passport photo, copy of ID and a copy of KRA pin certificate

Is there a joining fee?

Yes, a one off fee of Kshs 1,800 for new members and rejoining members.

Is there a minimum monthly contribution?

Yes, the minimum monthly contribution is Kshs 2200. This comprises of Kshs 2000 for the deposits and Kshs 200 for the insurance

What is share Capital?

Share capital is the core capital of the Sacco. Each and every member is mandated to purchase or build a minimum shareholding of 1,000 shares and each share is Kshs 20 equal to Kshs 20,000

Is the share capital refundable?

Share capital is non-refundable and is ONLY transferable to an existing active Sacco member.

How do I make my monthly deposits and shares contribution?

M-Pesa Paybill No 665679 Account No-M/No
Co-Operative bank Paybill No 400222 Account No-103026#M/No
Co-operative bank Account no 01120279679100.
Family Bank Account number 032000009517.

How do I benefit being a member of the Sacco?

Comparatively higher annual returns on interest on members’ deposits and Dividends.
Save and access affordable loans at relatively low interest rate (1% per month on a reducing balance basis) among many other benefits.