INDIVIDUAL MEMBERSHIP
Required Documents to Accompany Membership Application Form
1. One (1) recent coloured passport photograph;
2. Copy of national ID card/passport;
3. Copy of KRA PIN certificate;
4. Evidence of bank account such as a cancelled cheque, bank statement or debit card
5. Completed Nominee Card.

MEMBERSHIP TERMS
1. An applicant must be a Kenyan citizen aged 18 years and above;
2. Membership Application Fee will be Ksh. 1,000.00;
3. Minimum Monthly Contribution is Ksh. 1,000.00;
4. Minimum Share Capital is Ksh. 9,000.00 to be fully paid within 25 months;
5. The Sacco By-laws will be provided at cost;
6. The Sacco has in place a loan guard and deposits protection life cover.
7. Members will be required to pay an annual insurance premium at a rate to be determined by the insurer from time to time;
8. The waiting period to qualify for Sacco loans is 6 months after membership registration, except for Karibu Loan whose waiting period is 3 months;
9. Loans are to be guaranteed with own deposits, other Sacco members’ deposits or assets owned by the member provided those assets qualify per the Sacco’s Credit Policy. For non-checkoff members, only that portion of deposits that is free of any other loan guarantee will qualify as security;
10. A member should not belong to more than one SACCO Society serving similar purpose or objective.

Click Here to Download the Individual Membership Application Form