Any kenyan individual or corporate entity registered under the kenyan laws, doing legitimate business in kenya or earning a living legitimately in kenya, is free to join the society.

The current minimum share capital per member is kshs 20,000. The minimum monthly contribution towards member’s deposits is kshs 2,000. However the minimums are subject to periodic changes subject to approval by the AGM.

Yes, a member is free to increase his/ her savings as long regular and consistent saving is maintained, however this should not be done with a view of immediate loan application. Such deposits qualify for consideration during loan application after 3 months.

After 6 months of consistent savings.

An active member (regular saver) who has not defaulted on any loan and has not guaranteed more than 7 members.

Yes, the society has listed defaulters with CRB and enquires credit information about loan applicants before advancing the loan.

One needs to fill the loan application form, attach a copy of the national id, attach a six month bank statement or payslip (where applicable) and have the form signed by atleast 3 guarantors. The filled form is submitted to the society’s office.

Yes, the society accepts collaterals as security for loans subject to the valuation process, verification and charging of ownership documents. Acceptable collaterals include land, vehicles or machinery.

No, loans are run under the reducing balance interest calculation method. If you pay your loan in lump sum, you will be only required to pay the interest for that month when payment has been made.

J-sort and quick cash are disbursed immediately in the office after processing. Other loans are processed and disbursed within 72 hours.

A members gives a written notice of 60 days to the society, declaring his/ her intention to withdrawal from membership. Such a member must ensure payment of all outstanding loans if such exists. Member must ensure that they are free of any guarantorships.