KMA Sacco Membership Eligibility & Requirements

This article focuses on Kenya Medical Association (KMA) Sacco membership eligibility and requirements. KMA Sacco is the single largest financial service provider for doctors by doctors in Kenya.

The Sacco is designed for doctors who understand the dynamics of the medical profession and the enormous demand of a doctor’s time.

KMA Sacco has been in existence since 1998 and serves a strong membership of more than 6,000 members across Kenya and beyond. It is SASRA-regulated and has an asset base of 5.8 billion.

KMA Sacco Membership Eligibility

  • Medical practitioners, dentists and pharmacists qualify for principal membership in the Sacco.
  • Principal members can introduce their spouses, children, companies and corporate entities.
  • Medical students also qualify for association membership.

KMA Sacco Membership Requirements

  • Fill in the membership application form that can be downloaded from the Sacco’s website or obtained from the office.
  • Download and fill the email indemnity form and attach it to the application form.
  • Attach a copy of National ID, KRA PIN, a photocopy of either MBChB, BDS or Bpharm certificate, board license or retention certificate with two recent passport photos.
  • Joining fee of Kshs 3,000. Payment can be made through the Sacco’s bank accounts or via Mpesa Paybill No. 540900 (use ID number or membership number as the account number).

Benefits of Membership

  • Attractive dividends on shares and interest on deposits.
  • A wide range of loan products at competitive interest rates.
  • Savings enable one to put aside reserves for his/her future and to qualify for bigger loans.
  • A variety of insurance products and services.
  • Fixed deposits with very attractive returns.

KMA Sacco Products

Savings Products

  • Sacco deposit.
  • Fixed deposit.

Loan Products

  • Development loan.
  • Flexi-development loan.
  • Emergency loan.
  • Equity release.
  • Asset finance.
  • Insurance loan.
  • School fees loan.
  • Intern loan.
  • Home loan.
  • Furnishing loan.
  • Mid-term development loan.
  • Dividend loan.
  • Advance loan.

KMA Sacco Contacts

Location: KMA Centre, 4th Floor, Mara Road, Upperhill, Nairobi.

Contacts: 0722 519 037/ 0715 993 872/ 020 267 5620.

Zack Abuyeka

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