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Tabasuri DT Sacco Membership Eligibility & Requirements

Tabasuri DT Sacco is a licensed, member-owned deposit-taking cooperative society established in 1983 by employees of the Kenya Marines & Fisheries Research Institute. Today, the Sacco boasts over 14,000 members from diverse sectors of the economy across Kenya, with an asset base exceeding Kshs 450 million. It aims to provide dynamic and diversified financial services to its members, including individuals, businesses, organizations, and welfare groups.


Membership Eligibility

Any individual, group, or organization may apply for membership if they meet the following criteria:

  1. Age: Must be at least 18 years old if applying as an individual.
  2. Legal Standing: Must be eligible under the Sacco’s by-laws.
  3. Exclusive Membership: Must not be a member of another salary-based Sacco in Kenya.
  4. Activity Restrictions: Must not be a money lender or engage in activities conflicting with the Sacco’s objectives.
  5. Good Character: Must demonstrate good character and integrity.
  6. Income Source: Must have a regular income from employment, business, or trade.
  7. Introduced by a Member: Must be introduced by an existing member.
  8. Payment of Fees: Must pay the prescribed entrance fee and minimum shares as outlined in the membership policy.
  9. Obligations: Must understand and agree to the objectives, obligations, and requirements as stated in the society’s by-laws.

Membership Requirements

1. Individuals

  • Copy of National ID/valid passport.
  • Two color passport-sized photographs.
  • Copy of KRA PIN certificate.
  • Registration fee of Kshs 1,000.
  • Minimum FOSA account balance of Kshs 500.
  • Initial monthly contribution covering insurance, shares, and deposits, totaling Kshs 1,240.

2. Groups/Chamas

  • Certificate of registration.
  • Group constitution.
  • Copies of National ID/passport for office bearers.
  • Signed minutes authorizing account opening (signed by the chairman and secretary).
  • One color passport-sized photo of each signatory.
  • Minimum of 5 group members.
  • Minimum weekly contribution of Kshs 435.

3. Corporates

  • Copy of certificate of registration.
  • Board resolutions.
  • Copy of KRA PIN certificate.
  • Latest audited accounts.
  • Passport photos of directors, along with copies of IDs and specimen signatures.
  • Registration fee of Kshs 2,500.
  • Minimum monthly contribution of Kshs 2,000.

Tabasuri DT Sacco Contacts

  • Location: Texas Building, 1st Floor, Off Fidel Odinga Road, Mombasa.
  • Contacts: 0773 881 832 / 0414 470 062.

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