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Yetu Sacco Membership Eligibility & Requirements

Nyongesa Sande by Nyongesa Sande
December 27, 2024
in Finance
Reading Time: 3 mins read
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Yetu Sacco Membership Eligibility & Requirements
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Yetu Sacco, previously known as South Imenti Tea Growers Sacco, is a licensed deposit-taking Sacco under the Societies Act, registration number CS 6366. Established to serve tea farmers, the Sacco has expanded its reach to cater to diverse members across Kenya. With an asset base of Kshs 5.37 billion, Yetu Sacco is among the largest deposit-taking Saccos in the country.

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Membership Eligibility

Yetu Sacco welcomes membership from various sectors, including:

  • Farmers.
  • Business people.
  • Employees from both the private sector and the civil service.
  • Corporate institutions.
  • Microfinance groups.

Membership Requirements

1. Local Members

  • Application: Submit a duly filled membership application form (available on the Sacco’s website or from its offices countrywide).
  • Identification: Provide a copy of your National ID.
  • Photos: Passport-size photos.
  • Registration Fee: Kshs 1,000.
  • Initial Share Capital: Kshs 200.

2. Diaspora Members

  • Application: Complete the membership application form available on the Sacco’s website.
  • Documentation: Attach a copy of your ID or passport.
  • Know Your Customer (KYC): Provide the necessary verification documents.

Benefits of Joining Yetu Sacco

  1. High Returns on Investment:
    • Secure investment plans with consistent dividend rates of 15-18% on shares for over 12 years.
  2. Flexible and Automated Services:
    • Access services seamlessly from any location through options such as agency banking and ATM services.
  3. Dedicated Customer Support:
    • Receive prompt assistance and timely responses from an experienced support team.

Yetu Sacco Contacts

  • Head Office: Along Nkubu-Mikumbune Road, Opposite MCK Church, Nkubu.
  • Contact: 0724 114 444
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