Wevarsity Sacco, registered on October 2, 2003, operates under the Co-operative Societies Act and the Sacco Society Regulatory Authority (SASRA) Act. The Sacco focuses on promoting savings and offering financial products and services to its members with a commitment to good governance and accurate, timely information.
Membership Eligibility
Wevarsity Sacco primarily serves individuals associated with the following organizations and groups:
- Masinde Muliro University of Science and Technology.
- Kibabii University.
- Kaimosi Friends University College.
- Lake Victoria North Water Services Board.
- ACCES (Africa Canada Cooperation for Education).
- Residents of Kakamega Town and nearby regions.
Membership Requirements
To become a member of Wevarsity Sacco, you must provide:
- Membership Application Form: Available on the Sacco’s website or at their office.
- Copy of National ID.
- Registration Fee: Kshs 500.
- Copy of KRA PIN Certificate.
- Passport-Size Photograph.
Wevarsity Sacco Products
1. Loan Products
- Normal Loan
- Development Loan
- Pikipiki Loan (Motorbike loan)
- Maliza Miradi Loan (Project completion loan)
- College Fees Loan
- Salary Advance
- School Fees Loan
- Emergency Loan
- Passage and Baggage Loan
- FOSA Plus Loan
- Instant Plus Loan
- Super Salary Advance
2. Savings Products
- Christmas Savings
- Education Savings
- Ordinary Savings
- Fixed Deposit Savings
3. Investment Products
- Deposits
- Share Capital
- Plaza Shares
Wevarsity Sacco Services
1. ATM Services
- Available for FOSA account holders.
- ATM cards are issued at applicable FOSA rates.
- Maximum withdrawal per month: Kshs 40,000.
2. Mobile Banking/ Internet Banking
Wevarsity’s digital banking services include:
- Salary advance and super salary advance applications.
- Account status and balance enquiries.
- Mini-statements.
- Password changes.
- SMS alerts.
- Utility bill payments.
- Deposits and withdrawals.
- Airtime purchases.
3. Cheque Clearance
- Available for FOSA account holders.
- Payment is made upon cheque maturity.
- Remittance cheques are exempt from commission charges.
Contact Information
- Head Office: Wevarsity Plaza, Along Kakamega-Webuye Road, Lurambi.
- Phone: 0707 124 360.
Conclusion
Wevarsity Sacco offers a comprehensive range of financial products and services, making it an ideal option for individuals and groups within its eligibility scope. With diverse loan, savings, and investment options, along with modern digital banking services, Wevarsity Sacco ensures financial growth and convenience for its members.