Port Sacco, established in 1966, is a licensed deposit-taking Sacco regulated by the Sacco Society Regulatory Authority (SASRA). Initially formed by employees of the East African Harbours and Railways Corporation, the Sacco has since expanded its membership to diverse sectors and boasts an asset base of Kshs 8.14 billion.
Membership Eligibility
Membership is open to:
- Institutions, companies, and organisations.
- Individuals, including salaried persons and businesspeople.
- Co-operative societies.
- Youths, self-help groups, welfare, and investment groups.
Membership Requirements
1. Individual Membership
- Submit a completed individual membership application form (available on the Sacco’s website).
- Provide:
- Copy of Kenyan National ID or valid Kenyan passport.
- Coloured passport-size photographs.
- Copy of KRA PIN certificate.
- Payment:
- Registration fee: Kshs 500.
- Minimum monthly deposit: Kshs 1,000.
- Share capital: Kshs 40,000.
2. Joint Membership
- Submit a completed joint membership application form.
- Provide:
- Copies of Kenyan National ID or valid Kenyan passports for all applicants.
- Coloured passport-size photographs for all applicants.
- Copies of KRA PIN certificates for all applicants.
- Payment:
- Registration fee: Kshs 500.
- Minimum monthly deposit: Kshs 1,000.
- Share capital: Kshs 40,000.
3. Group Membership (e.g., Chamas, Self-Help Groups)
- Submit a completed group membership application form.
- Provide:
- Copies of Kenyan National ID or valid Kenyan passports for all members.
- Coloured passport-size photographs for all members.
- Copy of the group’s registration certificate.
- Copies of KRA PIN certificates for all officials.
- Payment:
- Registration fee: Kshs 500.
- Minimum monthly deposit: Kshs 5,000.
- Share capital: Kshs 40,000.
4. Corporate/Company Membership
- Submit a completed company membership application form.
- Provide:
- Certified copy of the registration certificate.
- General meeting/board resolution authorising account opening with Port Sacco.
- Memorandum and articles of association for the company.
- Coloured passport-size photographs of authorised signatories and copies of their ID or passport.
- Signature specimens of the signatories.
- Copies of KRA PIN certificates for the directors.
- Copy of the company’s KRA PIN certificate.
- Payment:
- Registration fee: Kshs 500.
- Minimum monthly deposit: Kshs 5,000.
- Share capital: Kshs 40,000.
Port Sacco Contacts
- Location: Ports Sacco Plaza, Mwakilingo Road, Off Moi Avenue, Mombasa.
- Contact: 0111 173 000.
