Kenpipe Sacco Membership Eligibility & Requirements

This article focuses on Kenpipe Sacco membership eligibility and requirements. Kenpipe Sacco Society was established in 1981 by employees of Kenya Pipeline Company as a welfare organisation with less than 140 members.

The society has currently substantive membership from Kenya Pipeline Company but has expanded its common bond. Its core business is to provide a savings avenue to members and advance loans to them.

Kenpipe Sacco Membership Eligibility

Employees of Kenya Pipeline Company and its subsidiaries, provided that they comply with the provisions of the Sacco’s by-laws.
Any person, institution or group may be admitted into the membership of the society upon fulfilling such conditions as prescribed in the by-laws and membership policy.

Kenpipe Sacco Membership Qualification

A person, institution or group shall be eligible for membership of the society if they possess the following qualifications;

Is within the field of membership as prescribed in the Sacco’s by-laws.
Is at least 18 years of age, if a natural person.
Is not directly involved in money lending, provided that this provision shall not apply to legitimately registered entities formed for that purpose.
Is not carrying out such activities detrimental to the objectives of the society.
Is of good character.
Has regular income from employment, business, trade or any other legitimate source.
Has accepted the objectives of the society, obligation of members and other conditions as stated in the by-laws and membership policy.