FAQ

You can now join the Sacco  though our membership application online or Download the membership application form here , attach your passport photo, copy of ID and a copy of KRA pin certificate.

Membership is open to all persons above the age of 18 with an income. Terms and conditions apply.

Share capital is the equity or core capital of the Sacco and represents each member’s share of ownership of the Society in terms of shares.The minimum share capital for each member is Kshs. 20,000 which earns dividends for the member. This share capital is non withdrawable but transgferable upon termination of membership.

The maximum loan amount a member can be given at any one time is three times the member’s savings. A civil servant must take home at least a third of his/her pay after all deductions

A member is allowed to take all the loan products on offer so long as total loans repayments do not exceed two thirds of the member’s salary and three times the member’s savings. However, a member cannot apply for the same loan facility that they are servicing unless they clear it, that is, if a member has a current running Normal Development he/she is not eligible to apply for another normal development until he/she clears the loan balance to enjoy the same facility.

The number of guarantors is determined by the loanee deposits plus the guarantors’ deposits.

Yes, all a member needs to do is to instruct the society by filling in a withdraw form and replace any outstanding guarantees offered to other members loans.

A member may at any time withdraw from the society by giving 60 days’ written notice to the society. Members who voluntarily withdraw may re-apply for admission as long as they still qualify for membership under the terms of the society’s bylaws