Kencream Sacco, established in March 2002, was formed by New KCC staff to encourage savings among its members and provide loans for provident and productive purposes at fair interest rates. Over the years, the Sacco has grown financially and expanded its membership across the country.
Membership Eligibility
Kencream Sacco draws its members from:
- Parastatals.
- Private businesses.
- Government ministries.
- Organised groups.
- Other organisations.
Membership Requirements
To join Kencream Sacco, the following are required:
- Duly filled membership form (available on the Sacco’s website, offices, or from delegates).
- Copy of National ID.
- KRA PIN certificate.
- Passport-size photo.
- Registration fee: Kshs 1,000 (payable once).
- Share capital contribution: Minimum of Kshs 15,000 (non-refundable, earns dividends, and is transferable upon withdrawal of membership).
- Minimum monthly contributions:
- Salaried employees: Kshs 3,200.
- Non-salaried members: Kshs 1,700.
Kencream Sacco Products & Services
(i) FOSA Accounts
- Super Account.
- Fixed Account.
- Jazajaza Account.
- Busara Savings Account.
- Chama Savings Account.
- Crystal Account.
(ii) FOSA Loans
- Salary Advance Loan.
- Salary Special Loan.
- Salary Jipange Loan.
- Non Check-off Loan.
(iii) BOSA Savings Services
- Deposit Savings.
- Share Capital.
- Christmas Savings.
- Benevolent Fund.
(iv) BOSA Loans
- Car Loan.
- Development Loan/Normal Loan.
- Upesi Loan.
- Super Loan.
- Consumer Loan.
- Bima Loan.
- School Fees/Education Loan.
- Karibu Loan.
- Emergency Loan.
- Instant Loans.
- Express Loan.
- Weekend Loan.
- E-loan.
Kencream Sacco Contacts
- Location: Dakar Road, Enterprise Road, Industrial Area, Nairobi.
- Phone: 0703 756 350 / 020 3980 100.
