This article focuses on Kimisitu Sacco membership eligibility and requirements. Kimisitu Sacco was formed in March 1985 by a group of staff from ICRAF.
The society was formed mainly to promote thrift among its members by according them an opportunity for accumulating their savings and thereby creating a source of funds from which loans can be made to them exclusively for provident and productive purposes.
It is one of the largest deposit-taking Saccos in Kenya with an asset base of 9.54 billion.
Kimisitu Sacco Membership Eligibility
- Employees of international organisations, NGOs, embassies, high commissions and reputable organisations.
- Spouses and children of members.
- Individuals in business.
- Chamas (registered and unregistered chamas).
- Corporates and registered businesses.
Kimisitu Sacco Membership Requirements
1. Individual Members
- Complete online registration form which is available on the Sacco’s website.
- Copy of National ID.
- Passport size photo.
- Membership entrance fee of Kshs 1,000 or 1,022 (via Mpesa).
- Minimum monthly contribution of Kshs 2,000.
- Initial minimum share capital of Kshs 5,000.
2. Corporate Members
- Completed corporate membership application form.
- Certificate of incorporation.
- IDs, PIN certificate and passport size photos of signatories.
- Company profile.
- Membership entrance fee of Kshs 2,000 or Kshs 2,022 (via Mpesa).
- Minimum monthly contribution of Kshs 10,000.
- Initial minimum share capital of Kshs 10,000.
- Resolution of directors to join Kimisitu Sacco.
3. Chama Members
Chama membership comprises of;
(a). Registered Groups
(i). Self Help Groups/ Women Groups/ Youth Groups
- Completed chama membership application form.
- Certificate of registration.
- Signatories copy of IDs and passport size photos.
- Membership entrance fee of Kshs 2,000 or 2,022 (via Mpesa).
- Minimum monthly contribution of Kshs 10,000.
- Initial minimum share capital of Kshs 10,000.
- Group constitution.
- Letter of introduction from the Ministry of Social Services.
- Resolution by the group members to join Kimisitu Sacco.
(ii). Investment Groups Registered as Companies
- Completed chama membership application form.
- Certificate of incorporation.
- Directors’ copy of IDs and passport size photos.
- Membership entrance fee of Kshs 2,000 or 2,022 (via Mpesa).
- Minimum monthly contribution of Kshs 10,000.
- Initial minimum share capital of Kshs 10,000.
- Company and directors KRA PIN certificate.
- Original memorandum and article of association.
- Resolution to join Kimisitu Sacco.
Kimisitu Sacco Contacts
Head Office: AEA Plaza, Valley Road, Nairobi.
Contact: 0709 136 000.
