Chuna Sacco, a SASRA-registered Sacco established in 1976, aims to mobilize savings and provide affordable financial services to promote the socio-economic welfare of its members. With an asset base of Kshs 2.01 billion, Chuna Sacco offers tailored financial products and services through both BOSA and FOSA.
Membership Eligibility
A person is eligible for membership if they meet the following qualifications:
- Are part of the common bond, including:
- Employees or ex-employees of the University of Nairobi.
- Employees or ex-employees of Chuna Sacco.
- Are at least 18 years of age.
- Exhibit good character.
- Reside in or occupy land within the society’s area of operation.
- Are not a member of another Sacco.
Membership Requirements
To join Chuna Sacco:
- Complete an “Application for Membership Form”:
- Forms can be obtained from the Sacco’s office or website.
- Approval Process:
- Admission is subject to a majority vote by the management committee.
- Pay the Entrance Fee:
- Kshs 500 is required as a non-refundable entrance fee.
- Minimum Contributions:
- Acquire a passbook and contribute shares continuously for at least 6 months.
- Minimum monthly share contribution: Kshs 2,000.
- Nomination of Beneficiary:
- Nominate a person to whom your shares, deposits, or interests will be transferred in case of death.
- The nomination must:
- Be written and signed by the member.
- Be attested by two witnesses.
Chuna Sacco Contacts
- Location: Harry Thuku Road, University of Nairobi, Main Campus – Engineering Section.
- Phone: 0705 951 672 / 0794 875 028.
Chuna Sacco is committed to delivering efficient, automated, and member-centric financial solutions.
