Members admitted in accordance with the By–Laws and are making monthly remittances.

A member becomes eligible after a minimum membership period of four months and on fulfilling all requirements of a specific loan product. Members who transfer their deposits from another Sacco are exempted from the waiting period. However, loan advance can be taken within 1 month after registration provided that the amount can be secured using own funds.

A loan application must be done in writing on prescribed forms which must be fully filled. The applicant must attaché all relevant documents. Alteration will not be allowed.

Shares:

• The amount representing a member’s portion in the equity of the society as a co-owner.
• No member other than a Cooperative Society shall hold more than one-fifth (1/5) of the total shares
• Shares are not used to determine the eligibility of a borrower or a guarantor.
• Shares are not withdraw able but are transferable.

Deposits

Savings

In addition to shares and deposits a member may invest in a saving account. The Sacco provides the Junior Savings Account and Safari Savings Account.

The Sacco charges interest on declining balance at the applicable interest rate per month.