A. MEMBERSHIP TERMS
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An applicant must be a Kenyan resident aged 18 years and above;
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Membership Application Fee is Ksh. 1,000.00 plus excise duty at applicable rate (currently at Ksh. 200);
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Minimum Monthly Deposits Contribution for members without loans is Ksh. 1,500.00;
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Minimum Share Capital is Ksh. 9,000.00 to be fully paid within 25 months;
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The Sacco By-laws will be provided at cost;
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New members' initial monthly contributions can be made in equal instalments of Kshs 2,100.00 until the minimum contribution requirements pertaining to Membership Application Fee, By-Laws, Share Capital and Insurance contribution are attained; after which the member can adjust the minimum monthly contribution to Kshs.1,500.00.
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The Sacco has in place a group funeral expense, loan guard and deposits protection insurance cover. Members will be required to pay an annual insurance premium at a rate to be determined by the insurer from time to time;
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The waiting period to qualify for Sacco loans is 6 months after membership registration, except for Karibu Loan whose waiting period is 3 months;
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Loans are to be guaranteed with own deposits, other Sacco members' deposits or assets collaterals 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;
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A member should not belong to more than one SACCO Society.
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A fee of Ksh. 1,000.00 plus tax at applicable rate will be charged when exiting the Sacco membership.
B. MOBILE BANKING SERVICES TERMS
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Only Safaricom mobile telephone number duly registered for M-pesa in the applicant's name shall be accepted;
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Registration by proxy will not be accepted;
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The Society shall register only one mobile telephone number per member;
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The Society is not responsible for the security of member's secret passcode and shall only regenerate another one upon a request on the duly authorized M-Jisort PIN Reset Form. Members should therefore exercise due care to ensure safety of their passcodes;
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Normal M-pesa charges including excise duty at the prescribed rates apply;
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Any suspected fraudulent activities with a registered mobile telephone number shall lead to automatic deregistration and subsequent forwarding of information to the relevant law enforcement agents and telephone companies.
Important Notice:
- All information provided in this registration form must be true, accurate, and complete.
- Providing false information may result in rejection of application or termination of membership.
- The SACCO reserves the right to verify all information and request additional documentation.
- Registration fees paid are non-refundable once membership is approved.
Last updated: December 23, 2025