JOINING CRITERIA FOR DIASPORA RESIDENTS

A Diaspora Resident will be;

  • Any Kenyan woman CURRENTLY residing in any of the 23 countries of North America
  • Be over the age of 18 and have gainful employment
  • Has a valid Kenyan passport or Identity Card; OR Has a valid ID or Passport of the Country of Residence in North America;
  • 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 Ksh.1,233 towards insurance annually 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 which must be received by the 10th day of the month, a late fee of KES 500.00 is assessed on all late deposits.
  • A member may continue to grow their Capital Shares by making additional deposits whenever possible. (KES 1000.00 = 1 SHARE)

JOINING CRITERIA FOR DIASPORA RETURNEES

A Diaspora Returnee will be:

  • Any Woman of Kenyan origin, 18 years or older who has returned to Kenya after residing in North America for a period of not less than one year.
  • 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 Ksh.1,233 towards insurance annually 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 which must be received by the 10th day of the month, a late fee of KES 500.00 is assessed on all late deposits.
  • A member may continue to grow their Capital Shares by making additional deposits whenever possible. (KES 1000.00 = 1 SHARE)

PLEASE NOTE, YOU MUST HAVE A KENYAN KRA TAX PIN NUMBER TO APPLY FOR LOANS OR RECEIVE YOUR DIVIDENDS

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