Frequent Asked Questions

這是一種在研發治療心血管疾病藥物時的意外發明，用以治療男性勃起性功能障礙的藥物，服用威而鋼，三倍硬度增長增粗威而鋼助你重振當年雄風。

What are the benefits of becoming a member?

Members can access affordable capital to boost or start business because savings are mobilized and returned inn the form of loans at affordable rates. The money stays and works within the members.
Opportunity to build savings, earn interest on savings and earn dividends from shares. Interest rates on both savings and loans are generally better than rates given by banks and other financial institutions.
Members are encouraged to save, an essential aspect for economic empowerment.
As a member you benefit from education programs that are carried out every year geared towards educating members on financial management especially on prudent handling of money, how to keep track of finances, how to budget and why to keep away from hire purchases and loan sharks.
Loan are insured. Upon death of a member the estate will not have to repay any loans outstanding to the Sacco.
Provides an opportunity to gain network and share business ideas with other members.
Members are able to get discounted rates on goods and services negotiated through service providers / partners.

How does one become a member?

Fill in a membership application form that can be downloaded from our Website and can also be accessed from our Offices or from our respective station delegate. A copy of the National
ID/Valid Passport MUST be attached to the application form.
The Membership registration fee is Ksh 1000=
Minimum monthly savings of Kshs. 4,000/=

What is the minimum share capital per member?

The minimum share capital for each member is Kshs. 10,000 which earns dividends for the member. This share capital is non withdraw-able but transferable upon termination of membership.

How are dividends and interest on deposits calculated?

Interest is computed based on weighted average method. The interest payable to the member is
dependent on the income the society makes as at the end of every financial year.

Can the Sacco acquire real estate on behalf of its members?

The Sacco has registered a housing society which serves to purchase land for its members at competitive rates.

What is SASRA and how is it of benefit to me as a member?

SASRA is an acronym for Sacco Societies Regulatory Authority; an institution created by the Sacco Societies Act. It is empowered with the following mandates: Licensing; Regulating; Supervising Sacco Societies; Protecting interests of Sacco members and Promoting the interests of Saccos.

Can I pay extra amounts outside payroll?

A member can pay any amounts he desires into the society’s bank account at his own convenience the original deposit slip or copy of the transfer instruction in the case of electronic transfers should be delivered to the SACCO. Alternatively payments can be made through MPESA paybill number 574703.
Instructions to send via MPESA are as indicated in the downloads section.

How much loan can I qualify for?

The maximum loan amount a member can be given at any one time is Three times the member’s savings. A member must take home at least a third of his/her pay after all deductions.

When am I eligible for a loan?

After being a member for at least six months and having contributed a minimum of kshs.24, 000.

How many guarantors should I get for my loan?

The number of guarantors is determined by the loanee shares plus the guarantors’ deposits.

What do I need when applying for a loan?

Fully completed loan application form.
Outstanding loan by the applicant MUST be cleared before a loan of the same kind is approved.
A most current pay slip certified by the applicant’s employer’s payroll officer and a copy of applicant’s contract letter.
Must have been an active member for at least six months.