This article focuses on Wevarsity Sacco membership eligibility and requirements. Wevarsity Sacco was registered on 2nd October 2003 under certificate number CS 10243. It operates under the Co-operatives and the Sacco Society Regulatory Authority (SASRA) Acts.
The Sacco’s mission is to promote thrift in compliance with the co-operative principles, by providing good governance and providing financial products and services to members coupled with accurate and timely information for prudent management.
Wevarsity Sacco Membership Eligibility
The Sacco mainly serves the staff of;
- Masinde Muliro University of Science and Technology.
- Kibabii University.
- Kaimosi Friends University College.
- Lake Victoria North Water Services Board.
- ACCES.
- Residents of Kakamega Town among others.
Wevarsity Sacco Membership Requirements
- Duly filled membership application form. The form is available on the Sacco’s website. It can also be picked at the Sacco’s office.
- Copy of National ID.
- Registration fee of Kshs 500.
- Copy of KRA PIN certificate.
- Passport size photo.
Wevarsity Sacco Products
(i). Loan Products
- Normal loan.
- Development loan.
- Pikipiki loan.
- Maliza miradi loan.
- College fees loan.
- Salary advance.
- School fees loan.
- Emergency loan.
- Passage and baggage loan.
- FOSA plus loan.
- Instant plus loan.
- Super salary advance.
(ii). Savings Products
- Christmas savings.
- Education savings.
- Ordinary savings.
- Fixed deposit savings.
(iii). Investment Products
- Deposits.
- Share capital.
- Plaza shares.
Services
(i). ATM Services
- For FOSA account holders only.
- ATM cards are applied for at the Sacco at applicable FOSA rates.
- Maximum withdrawal per month is Kshs 40,000.
(ii). Mobile Banking/ Internet Banking
- Salary advance and super salary advance application.
- Account status and balance enquiry.
- Mini statement.
- Password change.
- SMS alerts.
- Utility bill payment.
- Deposits and withdrawals.
- Purchase of airtime.
(iii). Cheque Clearance
- For FOSA account holders only.
- The member is only paid upon maturity of the cheque.
- Remittance cheques shall not be charged a commission.
Wevarsity Sacco Contacts
Head Office: Wevarsity Plaza, Along Kakamega-Webuye Road, Lurambi.
Contact: 0707 124 360.