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 30,000 (i.e., 30 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 30,000 (i.e., 30 shares at Ksh 1,000 each) payable within 6 months.

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