Membership
Joining Criteria For Diaspora Residents
A Diaspora Resident will be;
- Any Kenyan woman CURRENTLY residing in any of the 23 countries of North America
- Has attained the age of eighteen (18) years.
- Has a valid Kenyan passport or Identity Card.
- Be of good moral character and have a sound
- Must apply for membership and meet all criteria for membership
- A member will be required to pay the minimum set premium towards insurance within 3 months from the time of renewal, upon joining the Sacco.
- Upon membership approval, pay the joining fee of KES 15,000.00 (KES 10,000.00 non-refundable registration fee and KES 5,000.00 initial deposit towards member Capital Shares
- A member will be responsible for their monthly Savings Deposits of a minimum KES 5,000.00.
- A member may continue to grow their Capital Shares by Purchasing minimum share capital worth Ksh 40,000 (i.e., 40 shares at Ksh 1,000 each) payable within 6 months.
Joining Criteria For Diaspora Returnees
A Diaspora Returnee will be:
- Women aged 18 years and above and previously resident in North America engaged in gainful employment and have returned to Kenya.
- A returnee must provide proof of previous residence in North America
- Must Provide Reference and contact person in North America
- Must be gainfully employed in Kenya
- Be of good moral character and have a sound mind
- Must apply for membership and meet all criteria for membership
- A member will be required to pay the minimum set premium towards insurance within 3 months from the time of renewal, upon joining the Sacco.
- Upon approval, must pay the joining fee of KES 15,000.00 (KES 10,000.00 non-refundable registration fee and KES 5,000.00 initial deposit towards member Capital Shares)
- A member will be responsible for their monthly Savings Deposits of a minimum KES 5,000.00.
- A member may continue to grow their Capital Shares by Purchasing minimum share capital worth Ksh 40,000 (i.e., 40 shares at Ksh 1,000 each) payable within 6 months.