Southern Star Sacco Membership Eligibility & Requirements

This article focuses on Southern Star Sacco membership eligibility and requirements. Southern Star Sacco was registered as a Savings and Credit Co-operative Society in June 1994, under the Co-operative Development and Marketing as CS No 7178.

It was licensed by SASRA as a deposit-taking Sacco in 2010. It prides itself as a financial services institution providing affordable, convenient and efficient financial services.

The Sacco has an asset base of 1.53 billion. It offers a wide range of products and services across its three branches located in the counties of Nairobi, Meru and Tharaka Nithi.

Southern Star Sacco Membership Eligibility

Membership is open to any Kenyan.

Southern Star Sacco Membership Requirements

Individual Membership

  • You must be a Kenyan adult (18 years and above).
  • Produce a national identity card or a Kenyan passport.
  • Your passport size photograph will be taken by the officer registering you.
  • Complete registration form.
  • Pay registration fee of Kshs 300.
  • Build your share capital to Kshs 5,000 to be a full member.

Corporate Membership

  • Certificate of registration.
  • Certificate of incorporation for limited companies.
  • A copy of KRA PIN certificate.
  • Tax compliance certificate.
  • Directors’ IDs and passport-size photographs.
  • Minutes of resolution to join the Sacco.

Benefits of Joining Southern Star Sacco

  • Access to affordable credit facilities to power up your plans.
  • Account holders can access branded VISA ATM cards. This allows members to access their funds any time through Co-operative Bank ATM, Co-op Jirani and any VISA branded ATMs.
  • Affordable interest rates on loans and all credit facilities.
  • Education/ financial literacy training programs for members at no costs.
  • Easily transact on your mobile and other channels.
  • Access to a diverse range of savings products to suit you and to help you achieve your savings goals or targets.

Southern Star Sacco Contacts

Head Office: MT Building, Chuka Town, Next to Tharaka Nithi County Government Offices.

Contact: 0705 825 601.

 

Zack Abuyeka

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