New Member Application Form


Membership Requirements

Individual Requirements:


1.Registration – Kshs 1200/= non refundable.

2.Purchase a minimum of 600 share at Kshs 20 to make a share capital of Kshs 12,000.

3.Pass book – Kshs 360/=

4.2 coloured passport size.

5.A copy of ID.

6.Minimum contribution per month Kshs 1000/=.

7.Monthly insurance contribution of Kshs 120

8.Monthly Benevolent contribution of Kshs 30(Paid annually).

9.Membership is attained once the sharecapital is fully paid.

10.Must have a valid bank account.


Corporate members:


1.Registration – Kshs 6,000/= non refundable.

2.Purchase a minimum of 600 share at Kshs 20 to make a share capital of Kshs 12,000.

3.Must have a certificate of registration from relevant ministry (CBO office)

4.Pass book – Kshs 300/=.

5.1 coloured passport size for all members.

6.Copy of IDs.

7.Must also individually be a member of the sacco.

8.Must have a valid bank account.

9.Minimum contribution per month 5,000/=.

10.Minutes authorizig the opening of the account.

11.A copy of the group or company registration certificate of the goverment.

12.A copy of the group constitution / Company Memorandum of Association.

13.A copy of CR12 form in the case of a Limited company.


Churches / Institutions:


1.Registration – Kshs 6,000/=

2.Purchase a minimum of 600 share at Kshs 20 to make a share capital of Kshs 12,000.

3.Minimum contribution per month 5,000/=.

4.Attach the Church/Institution Governing.

5.Body/Authority minutes resolving to join the SACCO.

6.PCEA Churches attach a letter of authority from the session clerk.

7.Other a letter of authority.