Complete application form for vetting by the Board.
2
Complete a beneficiary nomination form
3
Provide a copy of ID or Valid Passport
4
Provide a copy of KRA PIN Certificate.
5
Provide a colored passport size photograph
6
Make an initial contribution of at least Kshs. 12,000 consisting of;
• Non-refundable registration fee of Kshs. 2,000
• Share Capital of Kshs.5,000. This refers to the amount paid by the members as a unit ownership in the Sacco. The amount is not withdrawable even if one ceases to be a member. It can only be transferred to another member of the Sacco at nominal value.
• Initial minimum deposit of Kshs. 5,000 toward your savings.
Maintain membership by contributing a minimum of Kshs. 5,000 each month.
2
According to the Sacco by-laws, partial withdrawal of funds is not allowed. A member can only access their funds through borrowing or termination of membership.