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.

Kenpipe Sacco Membership Requirements

  • Complete membership application form which is available on the Sacco’s website.
  • Registration fee of Kshs 1,000.
  • Initial share capital of Kshs 2,000.
  • Copies of National ID/Passport and KRA PIN certificate.

Kenpipe Sacco Products

(i). FOSA Loans

  • Weekend njema loan.
  • Salary advance.
  • FOSA emergency loan.
  • FOSA okoa loan.

(ii). BOSA Loans

  • Taratibu loan.
  • Normal loan.
  • Almasi loan.
  • Makao loan.
  • School fees loan.
  • Emergency loan.
  • Karibu loan.
  • Super loan.

(iii). Savings Products

  • Share capital.
  • Ordinary account.
  • KESASA scheme.
  • Group account.
  • Fixed deposit account.

Kenpipe Sacco Contacts

Location: Industrial Area, Off Nanyuki Road, Nairobi.

Contacts: 0710 600 999/ 0735 700 971.

Zack Abuyeka

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