F.A.Q’s

Fill in either an individual or corporate membership application form on our website.

• For individual membership application, attach a recent passport size photo, a copy of national ID or passport, and a copy of your KRA PIN certificate. Then, deposit registration fees of KES 2,500, a share amount of between KES 2,500 (250 shares) and KES 20,000 (2,000 shares) and your monthly savings amount, of a minimum of KES 1,000 with no maximum. Once the form is filled and deposits made to the Sacco bank account, a membership number is issued instantly.
• 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, and (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.

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

A/C No.: 01120199836300

• The minimum individual and corporate member share amount is KES 2,500 (250 shares at KES 10 each) and KES 10,000 (1,000 shares at KES 10 each) respectively.
• The maximum individual and corporate member share amount is KES 20,000 (2,000 shares at KES 10 each) and KES 50,000 (5,000 shares at KES 10 each) respectively. There is no limit to the maximum amount that can be contributed.

• The minimum monthly individual and corporate member contribution is KES 1,000 and KES 10,000 respectively.
• There is no limit to the maximum amount that can be contributed.

•  You earn dividends on your shares and interest on your savings deposits.

•  Yes, by filling in an Update of Member’s Details form and email it to us on teamleader@aaksacco.com.
• The form is on the download section of the website

• Yes. An individual or corporate member who had previously withdrawn from the Society may rejoin upon payment of a rejoining fee of KES 2,500 for individual membership and KES 10,000 for corporate membership. Upon rejoining, the member shall be treated as a new member.

• Yes. And ensure that all the monthly deposits and loan repayments (where relevant) are made on time.

Among your rights are:

• 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.

Among others the following:

• 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.