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Wanandege Sacco Membership Eligibility & Requirements

Wanandege Sacco, established on 22nd June 1977, is a regulated deposit-taking cooperative society under the SASRA framework. With an asset base of 1.66 billion, it is one of Kenya’s leading deposit-taking Saccos. It was founded under the Co-operative Societies Act, Cap 490 B, to provide financial services to its members.


Membership Eligibility

Wanandege Sacco welcomes membership from:

  1. Employees of Kenya Airways and other companies in the aviation industry.
  2. Individuals and groups from non-aviation industries, including businesspersons.

Membership Requirements

To become a member, you must provide:

  1. Registration Fee: Kshs 2,000.
  2. Application Form:
    • Download from the Sacco’s website or collect from its offices.
  3. Share Capital:
    • Kshs 10,000, payable in installments.
  4. Monthly Contribution:
    • Minimum Kshs 2,000.
  5. Supporting Documents:
    • One passport-size photograph.
    • Copy of National ID/ Passport.
    • Copy of KRA PIN certificate.

Wanandege Sacco Products

1. Short-Term Loans

  • Airlift Loan: Tailored for quick cash requirements.
  • Bash Loan: For personal events or celebrations.
  • Dividend Advance: Loans against expected dividends.
  • Salary Advance: Quick advances for salaried members.
  • Short-Term Advance: Small, quick loans with short repayment periods.
  • Pride Advance: Special loans for personal needs.

2. Long-Term Loans

  • Business Loan: To expand or establish a business.
  • Development Loan: For development projects.
  • Emergency Loan: To cater for unforeseen emergencies.
  • Maisha Loan: Long-term loan for significant personal or business expenses.
  • Wezesha Loan: Affordable loan for financial empowerment.
  • Refinancing Loan: To consolidate or refinance existing loans.
  • School Fees Loan: Tailored to pay education fees.
  • Super Loan: High-value loan with extended repayment terms.

3. FOSA Services

  • Savings Accounts:
    • FOSA savings account.
    • Junior savings account.
    • Fixed deposit account.
  • Other Services:
    • Safe custody services for valuables.
    • Sacco Link Visa ATM cards.
    • Mobile banking (M-ndege) via USSD *346#.
    • Bankers cheque, EFT, and RTGS services.
    • Mpesa services and Mpesa super agency.
    • Cheque deposit and clearance.

Benefits of Joining Wanandege Sacco

  1. Affordable Loans:
    • Favorable interest rates.
    • Quick loan processing.
  2. High Dividends:
    • Attractive returns on shares.
  3. Financial Growth:
    • Access to both short-term and long-term loans with minimal requirements.
    • Increased savings lead to higher loan eligibility.
  4. Financial Education:
    • Literacy training programs for members.
  5. Reliable Customer Service:
    • Competent staff ensures excellent service.

Wanandege Sacco Branches

1. Head Office

  • Location: Wanandege Plaza, Off Old North Airport Road, Opposite Embakasi Police Station, Embakasi Village, Nairobi.
  • Contacts:
    • 0722 208 557
    • 0780 208 557
    • 0111 044 900

2. Mombasa Branch

  • Location: Moi International Airport, Terminal 2.
  • Contacts:
    • 0781 908 438
    • 0111 044 922

Conclusion

Wanandege Sacco provides a robust financial platform for members in aviation and non-aviation sectors. Its diverse savings and loan products, combined with excellent customer service, make it a great choice for individuals and businesses looking for reliable financial solutions. Joining Wanandege Sacco is a strategic move toward financial security and growth.

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