Sheria Sacco Membership Eligibility & Requirements

This article focuses on Sheria Sacco membership eligibility and requirements. Sheria Sacco is a Savings and Credit Co-operative Society formally registered in 1972 with a growing membership of over 10,000 members.

It is one of the largest deposit-taking Saccos in Kenya with an asset base of 8.51 billion.

Sheria Sacco Membership Eligibility

Past and present employees of;

  • Judiciary.
  • Office of the Attorney General.
  • Government ministries and departments.
  • Sheria Sacco and all its projects and subsidiaries.
  • Kenya School of Law.
  • All universities.
  • Law Society of Kenya.
  • Quasi government institutions under the office of the Attorney General and judiciary.
  • Non governmental organisations.

Other eligible members:

  • A member’s spouse or a member of his/her immediate family.
  • Advocates of the High Court of Kenya.
  • Students of the Kenya School of Law.
  • Certified public secretaries.
  • Approved business entrepreneurs and institutions.
  • Any other person employed by an organisation registered in Kenya and capable of making regular contribution to the society and fulfill loan repayment requirements.

Sheria Sacco Membership Requirements

  • A duly filled membership application form which can be downloaded from the Sacco’s website.
  • A copy of National ID/ passport.
  • A duly filled nominee card.
  • One passport size photo.
  • Kshs 1,700 entrance fee; Kshs 1,000 for registration, Kshs 500 for FOSA account opening and Kshs 200 for Burial Benevolent Fund registration.

Benefits of Membership

  • The interest paid on the society’s loans is redistributed back to members as interest on deposits and dividends.
  • The members have free access to the Sacco’s board and management.
  • Members have a greater say in the management of the society and are represented in the supreme governance organ of the society (AGM) by their delegates.
  • The society has a human face when dealing with its members.
  • The members are the owners of the society and have a unique relationship with the society as they are also its customers.
  • The society’s credit products are competitively priced as compared to banks and other financial institutions.

Sheria Sacco Contacts

Location: Matumbato Close, Upperhill, Nairobi.

Contact: 020 780 1500.

Zack Abuyeka

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