Qwetu Sacco Membership Eligibility & Requirements

This article focuses on Qwetu Sacco membership eligibility and requirements. Qwetu Sacco was founded in 1968 by about 200 visionary teachers who pooled together part of their salary as a contribution with the objective of growing financially and socially.

The society was officially registered in 1976. Since its formation, it has positively mutated attaining significant milestones. The FOSA section was introduced in 2000 while the micro-credit section was introduced in 2003.

Qwetu Sacco has an asset base of 3.22 billion making it one of the largest deposit-taking Saccos in Kenya.

Qwetu Sacco Membership Eligibility

Qwetu Sacco operates on a common bond. Membership is open to all.

Qwetu Sacco Membership Requirements

  • Open and operate a FOSA account with a minimum balance of Kshs 1,000.
  • Pay a membership fee of Kshs 500.
  • Contribute minimum share capital of Kshs 15,000.
  • Contribute long term deposits monthly.
  • Contribute member protection scheme (MPS) Kshs 200 monthly.
  • Contribute risk and retirement fund (RRF), Kshs 200 monthly.
  • Patronize the Sacco’s products and services.

Qwetu Sacco Members’ Welfare 


  • Be an active member.
  • Honour contributions- MPS Kshs 200 and RRF Kshs 200.
  • Contribute for at least 6 months to start benefitting from the scheme.
  • Appoint nominees and keep updating changes when necessary.
  • For MPS claims, produce certificate of death or total incapacitation.
  • For RRF claims, produce retirement letter or death notification with proof of relationship to the member.


1. Member Protection Scheme

  • Clearance of all loans, outstanding balances as at time of demise or total incapacitation.
  • Next of kin gets double members BOSA deposits upon demise.
  • Funeral rider of Kshs 50,000 for deceased member to next of kin.

2. Risk Retirement Fund

  • Upon retirement of a member, a token of Kshs 28,500 is given.
  • In case of demise of a spouse, a consolation of Kshs 7,500 is given.
  • In case of demise of the member, the next of kin is consoled with Kshs 56,500.

Qwetu Sacco Contacts

Head Office: Latecoh Building, Wundanyi Town.

Contacts: 0728 957 585/ 0728 536 169.

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Zack Abuyeka

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