MEMBERSHIP

Qualification of membership

A person of either sex shall be  eligible
for membership,who possesses the following qualification.
a)is an employee of organization/institution within the country but it does not exercise Sacco services for it members.
b)is not less than 18yrs of age.
c)is of good character and of good standings.
d)is not a member of another sacco in the country.

ENTRANCE FEE & SUBSCRIPTION

A)Upon admission, a member is required to pay a non-refundable registration fee

of Kshs.500 and complete an application for membership form.

B) A member is required to make a minimum monthly contribution of Kshs.1000

equivalent to fifty (50) shares; However a member who wishes to have more than fifty shares can  but  as such shall not exceed more than 50% of all the members Contribution.  
I)   The monthly contribution is payable on or before 10^th of the following month failure to which it will attract a penalty of 10% of such contribution as in (b) above  
II)  A member who refuses/fails to pay penalties in contravention 
Of rule (b)(i)above such shall be deducted from the monthly contribution as in (b).