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Membership

About Membership

All employees of Banks, Financial institutions, chamaz and other structured institutions including their family members are eligible for membership on application. As at close of year 2015 our membership was 18,688. Membership registration forms are available through the delegates, in our branch offices as well as at the Society’s Head office. Membership registration fee is KES 500 as Sacco joining fee (non- refundable) and Kes 1,000/= as the Fosa Savings minimum balance.

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Registration Fee

Eligibility, securities/collateral.

Members are eligible for all types of loan facilities after six months of regular monthly contributions in the main scheme savings.

All loans are secured either through own savings, guarantors, shares and stocks at Nairobi Securities Exchange, Fixed deposits, Bank guarantees and title deeds etc. subject to terms and conditions.

Share Capital

All members are required to own 1000 shares of Kes 20 each (minimum share capital of Kes 20,000/=). These can be purchased over time.

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