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Investment Shares
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Micro Shares
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Current Savings Account
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FOSA Shares Account
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BOSA Savings Account
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PROCESS OF MEMBERSHIP
Membership Requirements
Inline with the cooperative principals, our membership is open to all Kenyan Citizens.
- A passsport photo
- A copy of your National Identification Card
- Kshs. 550 membership fee
- Recent payslip for the employed
To become a member one needs to fill in this membership application form either online/virtually or at the society Headquarters. Admission is done once the members pay a one-off fee of KShs. 550 and buys a minimum of 1,000 shares of KShs. 20 each.
Minimum share contribution is Ksh. 5,000.
The members are also at liberty to withdraw from the society as and when they wish to. The withdrawal can be due to death, willful resignation, or retirement.
Membership Benefits;
- Sacco interest rates on both savings and loans are generally better than those offered by commercial banks.
- Members get educated in financial matters by teaching prudent handling, budgeting and keep track of money.
- Savings provide security for future financial needs.
- Savings accumulates funds for use now and after retirement.
- High savings will qualify for higher loans.
- High savings need less guarantors.
- High savings will result in high dividends.
- High savings will strengthen the society’s lending capacity.
- Savings will act as an insurance in case of death whereby the nominee is paid twice the accumulated shares and outstanding loans written off.
- High savings guarantees a member a comfortable retirement.
Quick Tips
- Simply sign up from the forms above or use our sign up page to join as a member.
- Now proceed and login to access our services.
- After login in you will get a pop up prompt to pay KSH. 550 membership fee (if you have not yet paid) which you will pay via MPESA.
- Remember to keep your credentials safe, don't share your PIN/Password and account number.
