Shoppers Sacco is a licensed deposit-taking Sacco established in 1993 to uplift its members’ social and economic well-being. With over 19,000 members, the Sacco has grown significantly from its initial membership of 100. It introduced Front Office Services Activity (FOSA) in 2011 to provide banking services to members.
Membership Eligibility
The Sacco’s membership is open to all Kenyans. Individuals and groups are welcome to join.
Membership Requirements
1. General Requirements
- Complete the membership application form (available on the Sacco’s website or offices).
- Attach two recent passport-size photographs.
- Attach a copy of National ID or Passport.
- Pay a non-refundable joining fee of Kshs 500. For employees, this fee can be deducted from their payslip on the first contribution.
2. Rejoining Membership
- A member who withdraws and wishes to rejoin the Sacco must pay a rejoining fee of Kshs 1,500.
Benefits of Membership
- Culture of Saving: Encourages members to save and manage spending habits.
- Convenient Access: Members can access their funds through Sacco Link ATM cards, mobile banking, and e-banking.
- Financial Empowerment: Provides financial literacy and investment opportunities.
- Affordable Loans: Loans are offered at competitive rates, with interest as low as 1% per month on reducing balance.
- Guaranteed Returns: Interest on share deposits and dividends on share capital at competitive rates as approved during the AGM.
- Benevolent Scheme: Covers burial expenses for members and their families.
Shoppers Sacco Contacts
Nairobi Branch
- Location: Nature House, Ground Floor, Tom Mboya Street, Nairobi.
- Contacts: 0730 780 000 / 0730 780 136.
Nakuru Branch
- Location: Baraka Plaza, 2nd Floor, Along Kenyatta Avenue, Nakuru Town.
- Contact: 0730 780 000
