Membership
Tabesamu Sacco membership is open to ALL, Spouses of Members, and individuals above 18 years, Individuals introduced by Sacco members and individuals from organizations admitted as per the Membership policy. We currently are servicing membership from 30 counties in Kenya.
REQUIREMENTS: INDIVIDUAL MEMBERSHIP
- Membership fees is Kshs.1,000. This is deducted from the Salary with the first deduction or pay at the point of registration.
- Minimum monthly deposit contribution is Kshs 3,000.00.
- Minimum Share Capital is 400 shares equity @ Kshs.100 equal to Kshs.40,000 (To pay within 12 months year or equivalent to Kshs. 3,334 per month).
- Qualification for a loan is after 6 Months of consistent saving for long term loans & short term loans 3 months.
- Monthly Contributions acceptable through any mode of payment i.e. Standing Orders, Payroll Deductions from employer, Cheques, Over the counter deposits & M-Pesa
SMALL MEDIUM ENTERPRISES (SMEs)
- Membership Fee: Kshs.2,000.
- FOSA Monthly minimum deposit: Kshs.5,000.
- Minimum account balance: Ksh.5,000.
- Minimum Shareholding : Ksh. 1,000.
- Loan eligibility upto Ksh.3M for ONLY registered SME
CHAMAZ.
CHAMAZ
- Membership Fee: Kshs.2,000.
- To raise 20% deposit in case of loan request
- Minimum Shareholding :Kshs. 10,000
- Loan eligibility upto Ksh.3M for ONLY registered Chamaz / Investment Groups
SACCO EXIT
Should a member wish to withdraw from the Sacco the exit procedure is as below:
- Fill in an exit withdrawal form
- If you are a member withdrawing from the society and have guaranteed , the guarantor should find an alternative guarantor replacement
- Deposits refunded within 60 days
- Member may opt to retain shares or sell/transfer to an existing member.