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.
C. INDEMNITY & DECLARATION
- I confirm that the information provided is true to the best of my knowledge.
- I have read and agreed to abide by the Terms and Conditions of this application, the Sacco By-laws and any subsequent amendments.
- By submitting this application, I request the Sacco to open an account in my name. I agree that the account shall only be used for lawful transactions with the Sacco and hereby indemnify the Sacco against any costs or claims arising from the operation of the account.
D. CONSENT
I confirm that I have:
- Consented to the collection, processing and storage of my personal data and images for purposes of maintaining my Sacco account. I also consent to the sharing of my personal data and images with the Sacco's partner organizations, service providers and other authorized parties for lawful purposes.
- Consented to the storage and publication of my videos, voice recordings and images captured while attending Kentours Sacco events through lawful media platforms.
- Indemnified the Sacco against any loss or claims arising from the processing, storage and sharing of my personal data, images, voice recordings or videos.
Mandatory Notice:
ANY CHANGES TO THE PROVIDED INFORMATION OR DOCUMENTS SHOULD BE COMMUNICATED TO THE SACCO IN WRITING.
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