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Home » Wakenya Pamoja Sacco Membership Eligibility & Requirements

Wakenya Pamoja Sacco Membership Eligibility & Requirements

by Nyongesa Sande
7 months ago
in Finance
Wakenya Pamoja Sacco Membership Eligibility & Requirements
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Wakenya Pamoja Sacco, established in 1976 as part of the Kisii Farmers Cooperative Union, became autonomous in 1992 under the name Gusii Farmers Rural Sacco Society Limited. Over time, it rebranded to Wakenya Pamoja Sacco, reflecting its strategic goals of geographical expansion, diversified membership, and financial product offerings beyond tea and coffee farming. Licensed for deposit-taking business since April 20, 2011, the Sacco operates under the Sacco Societies Act No. 14 of 2002.


Membership Eligibility

To become a member of Wakenya Pamoja Sacco, applicants must:

  1. Be 18 years or older.
  2. Be of good character and sound mind.
  3. Have the capacity to meet the minimum share contribution.
  4. Be an individual or an organization.

Membership Requirements

To join Wakenya Pamoja Sacco, you need to:

  1. Complete a Membership Application Form:
    • Available online on the Sacco’s website or at its offices.
  2. Pay a Registration Fee:
    • Kshs 300.
  3. Purchase Minimum Shares:
    • 50 shares at Kshs 200 each.
  4. Commit to the continuous accumulation of shares.

Benefits of Joining Wakenya Pamoja Sacco

  1. Wide Range of Financial Products:
    • Access to loans, advances, and related products tailored to members’ needs.
  2. Affordable Loan Interest Rates:
    • Competitive rates and flexible repayment terms.
  3. Attractive Savings Returns:
    • High interest rates on term savings.
  4. Quick Loan Processing:
    • Loans are processed efficiently within a short period.
  5. Member Education:
    • Free financial literacy and education programs.
  6. Personalized Services:
    • Including door-to-door payment services.
  7. Reliable Customer Relations:
    • Friendly and well-established support.

Contact Information

  • Head Office: Kahawa House, Opposite Gudka Westend, Along Kisii-Sotik Road, Overlooking Daraja Moja.
  • Phone:
    • 0746 668 190
    • 0777 668 190
    • 0207 852 506

Conclusion

Wakenya Pamoja Sacco is a dependable partner for individuals and organizations seeking financial growth, diverse savings products, and affordable loans. With a commitment to personalized service and financial education, the Sacco empowers its members to achieve economic prosperity. Joining Wakenya Pamoja Sacco is a step toward financial stability and success.

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