Membership Requirements

Individual Requirements:

  1. Registration – Kshs 1000/= non refundable
  2. Pass book – Kshs 300/=
  3. 2 coloured passport size.
  4. A copy of ID
  5. Minimum contribution per month Kshs 1000/=

Corporate Requirements:

  1. Registration – Kshs 5,000/= non refundable
  2. Must have a certificate of registration from relevant ministry (SDO office)
  3. Pass book – Kshs 300/=
  4. 2 coloured passport size for all members
  5. Copy of IDs
  6. Must also individually be a member of the sacco.
  7. Minimum contribution per month 2,000/=

Principles Governing Credit

Members qualify for a loan after saving for six Months and the following is observed

  1. 3 times the savings less share capital
  2. Ability to pay
  3. Past record
  4. Purpose
  5. Character

Click to download PCEA-Kayole-sacco-Registration-form