Any kenyan individual or corporate entity registered under the kenyan laws, doing legitimate business in kenya or earning a living legitimately in kenya, is free to join the society.

The current minimum share capital per member is kshs 25,000. The minimum monthly contribution towards member’s deposits is kshs 1,000.

After 6 months of consistent savings.

An active member (regular saver) who has not defaulted on any loan and has not guaranteed more than 7 members.

One needs to fill the loan application form, attach a copy of the national id, attach a six month bank statement or payslip (where applicable) and have the form signed by atleast 3 guarantors. The filled form is submitted to the society’s office.

Yes, the society accepts collaterals as security for loans subject to the valuation process, verification and charging of ownership documents. Acceptable collaterals include land, vehicles or machinery.

No, loans are run under the reducing balance interest calculation method. If you pay your loan in lump sum, you will be only required to pay the interest for that month when payment has been made.

A members gives a written notice of 60 days to the society, declaring his/ her intention to withdrawal from membership. Such a member must ensure payment of all outstanding loans if such exists. Member must ensure that they are free of any guarantorships.