How to join:
The membership is currently over 8000 growing widely and very fast. The minimum deposit contribution is Kshs. 500.00 per month where a member can be granted a loan based on total contribution after six months.
New Members Requirements:
- Fill an application form
- Two passport size photographs
- A copy of national identity card.
- A copy of KRA Pin certificate.
- When joining members contribute a minimum of kshs. 4000.
- Minimum contribution of kshs. 500 per month.
- Minimum share capital of sh. 10,000. A member must pay kshs. 2000 when joining and the balance of ksh. 8000 to be paid within 6 months.
- Benevolent fund of ksh. 1000 (paid once annually).
Re-joining Members:
- Payment of a re-joining fee of Ksh. 1000 for one to retain his/her membership number.
Corporate Membership Requirements
Corporate:
- A valid registration certificate
- Copy Company memorandum of article of association
- Copy Certification of incorporation
- Copy of the minutes
- KRA PIN CERTIFICATE
- Introductory Letter from ministry of gender and social services for groups
- When joining to pay Share contribution of Ksh. 2,000 and to pay the balance of ksh. 28,000 in 6 months’ time
- Registration fees Ksh. 1,000
- Minimum deposit of 2,000 per month
Registered Groups
- A valid registration certificate
- At least seven members should be members of the Sacco.
- Copy of minutes
- Introductory Letter from ministry of gender and social services for groups
- KRA pin certificate
- When joining to pay Share contribution of Ksh. 2,000 and to pay the balance of ksh. 28,000 in 6 months’ time
- Registration fees Ksh. 1,000
- Minimum deposit of 2,000 per month
Membership benefits
Welfare
The management committee holds education seminars for members, management and staff where issues related to risk management, compliance wth law and stakeholders responsibilities are discussed. The society has worn several trophies during National Ushirika Day celebrations over the years for being the best managed and best insured Sacco in Ruiru sub-county.
Benevolence Fund
This is a fund which is paid once per year amounting to Ksh. 1000. In the event that a misfortune occurs where a member dies the family will be given a cheque for burial preparation by the Sacco.
Aspirations
- Open front office services
- Increase the society’s capital base
- Provide a higher rate of return to member’s saving
- Provisions of more products to the members
- Initiate more revenue avenues for three members
Payment Channels
MPESA
Paybill: 834700
Account number: Your Sacco Member number
KCB
Account Number: 1208683519
Cooperative Bank
Account Number: 01100074554200
National Bank
Account Number: 01248059569400
Equity Bank
Account Number: 0870172350573
Family Bank
Account Number: 024000032564
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