Joining Requirements

Individual Membership: Account held by you.

  • Minimum monthly contribution: KES 1,000.
  • Minimum number of shares at entry: 250 at KES 10 each.
  • Registration Fee: KES 2,500.

Corporate Membership: Account held by a company, firm or group you belong to.

  • Minimum monthly contribution: KES 10,000.
  • Minimum number of shares at entry: 1,000 at KES 10 each.
  • Registration Fee: KES 10,000.

For corporate membership application

Attach for each Director:

(a) One recent colored Passport Size Photo,

(b) a copy of your National ID/Passport

(c) a copy of your KRA PIN,

(d) a nominated next of kin form.

Attach for the Group or Corporate Body:

(a) A copy of the KRA PIN,

(b) a copy of the certificate of registration,

(c) a copy of the memorandum of association or constitution,

(d) management minutes and resolutions,

(e) CR12 for limited companies.

 

  • Then, deposit registration fees of KES 10,000, a share amount of between KES 10,000 (1,000 shares) and KES 50,000 (5,000 shares) and your monthly savings amount, of a minimum of KES 10,000 with no maximum.
  • Once the form is filled and deposits made to the Sacco bank account, a membership number is issued instantly.
Individual Membership Registration
Corporate Membership Registration

Member Rights and Responsibilities

Membership Rights:

  • Quarterly individual statement of accounts containing your debit and credit transactions
  • Attend, participate and vote at the General Meetings of members
  • Elect or be elected as a member of the Committee or official of the Society.
  • Use the Society’s services according to the policies and procedures approved by the General Meeting and Management.
  • Inspect the books and reports of the Society.
  • The Sacco shall create an environment where members feel comfortable in raising concerns.

Membership Responsibilities:

  • To promptly make all required contributions and mobilize funds for lending to members
  • To repay all outstanding loans according to terms and conditions stated in the loan agreement and loan policy.
  • Observe the code of conduct and ethics for co-operative societies, desist from any corrupt practices, at all times to be honest in dealings with the Society, to make decisions with integrity of purpose, at all times to act in an honorable manner towards colleagues and exercising diligence.
  • To participate in the activities and attend the members’ education days in order to learn more about the Society.
  • To support issues put forth that improve the sustainability of the Society and promote the good will of all members.
  • To encourage potential members to join the Society.

How to Contribute or Pay:

We receive contributions and loan repayments via the below options:

  • CASH Deposit / CHEQUE Deposit / BANK TRANSFER / EFT / Standing Order / Pesalink / RTGS Details:

Branch: Parliament Road/Canon House Branch, Nairobi

A/C No.: 01120199836300

A/C Name: AAK Cooperative Sacco Ltd

  • MPESA Buy Goods Details:

Till number (Buy Goods): 723578 (Kindly add 0.5% of the transaction amount for this option)

  • MPESA Pay Bill Details:

Pay Bill No.: 400200