Jamii Sacco Membership Eligibility & Requirements

This article focuses on Jamii Sacco membership eligibility and requirements. Jamii Sacco is a savings and credit society that was officially registered in 1972. It was established by civil servants of the Department of Social Service.

It is one of the largest deposit-taking Saccos in Kenya with an asset base of 5.44 billion. Its mission is to mobilise savings and provide credit through innovative products and services in a dynamic business environment, to ensure optimum returns and exceptional customer experience.

Jamii Sacco Membership Eligibility

Any person can join the Sacco from all the segments of the market including;

Public service employees.
Other government ministries and parastatals.
Employees of Jamii Sacco.
Government institutions/ parastatals such as Kenya National Library, WEF etc.
Employees in private companies and NGOs.
Self-employed individuals.
Self-help registered groups and community-based organisations.

Jamii Sacco Membership Requirements

Fill in the membership application form which can be downloaded from the Sacco’s website or obtained from its offices or from the delegates at every county.
Original and copy of National ID.
Copy of KRA PIN number.
Entrance fee of Kshs 1,000.
Minimum monthly contribution of Kshs 3,300 (Kshs 300 being Jamii Benevolent Fund monthly).
Minimum share capital of Kshs 20,000 which is payable in installments of Kshs 500 every month.

Benefits of Membership

Attractive dividends on shares and interest on deposits.
Competitive interest rates on a special deposit account and other savings accounts.
High savings will qualify for bigger loans.
Access to short and long term loans with competitive interest rates.
Access to a variety of savings accounts tailor made to your needs.