Join Uchumi Sacco

Membership

One becomes a member of Uchumi Sacco by registering with KSh. 2,000 which is non-refundable. Thereafter a contribution of a minimum of Kshs. 2,000 on a monthly basis which forms and additional KSh. 200 which goes toward the benevolent fund.

NOTE: During registration a member must provide the following where applicable:-
a)One copy of the applicant’s ID / Passport
b)One recent passport size photo of the applicant
c)One copy of the applicant’s KRA PIN
d)One copy of the next of kin’s ID / passport(Birth certificate in case of minors)

 

Share capital

Each member shall purchase 1250 shares @ Ksh.20 each. The purchase may be done in lump sum or a member may pay it through the monthly contribution Shares shall not be refundable but are assignable as collateral for a loan, a member may transfer his shares to other members on leaving membership of the Society.
Shares may earn dividends paid from net surplus after required transfers to reserves at the end of a financial year in accordance with the dividend policy of the Society.

 

Deposit Accounts

These deposits may be used as collateral against borrowings from the Society and shall only be refunded when a member withdraws from membership and provided the member has fully repaid all his debts and is free from guarantee. Deposits may however be transferable from one deposit account to another provided the transaction does not contravene the Savings policy.
Interest on deposits shall be paid at a rate that shall be determined by the board at the end of the year after audit has been completed. The interest may be eliminated if the financial position of the Society and capital adequacy does not permit payment.

Membership Form

Please fill this form to send your application to join Uchumi Sacco 

Or download the membership form below and deliver it to our offices

1. Personal Particulars

Full Name as it Appears on ID:

Date Of Birth:

Gender:

Marital Status:

ID/Passport Number:

Employer:

Occupation:

Current Address:

Postal Code:

Town:

Mobile Phone Number:

Email Address:

Bank Name:

Branch Name

Account Number:

 

2. Next Of Kin Particulars

Next of Kin Name:

Date of Birth:

Relationship:

ID/Passport Number

Occupation:

Current Address:

Postal Code:

Town:

Mobile Phone Number:

Email Address:

 

3. Second Next Of Kin Particulars

Next of Kin Name:

Date of Birth:

Relationship:

ID/Passport Number

Occupation:

Current Address:

Postal Code:

Town:

Mobile Phone Number:

Email Address:

 

4. Benevolent Fund

Name of Spouse:

ID Number:

Spouse’s Date Of Birth:

Current Address:

Postal Code:

Town:

 

Children under 25 Years

Names Of Children Under 25 Years & Dates of Birth

1.

2.

3.

4.

5.

 

4. Contributor’s Parents

Father’s Name

Father’s ID Number:

Mother’s Name

Mother’s ID Number:

 

For the Purpose of the benevolent fund, who is your next of Kin? (Must Be a Relative)

Full Name:

Relationship:

Address:

Postal Code:

Town:

Mobile ID Number:

 

Required Attachments

Applicant’s ID Side 1

Applicant’s ID Side 2

Pasport Size Photograph:

Applicant’s KRA PIN:

Next Of Kin1 ID

Next Of Kin2 ID

Next Of Kin1 Photo

Next Of Kin2 Photo

Amount to be deducted from Employer Monthly:

Amount to be deducted from Employe On First Deduction:

First Deduction Date:

Hereby Authorize and request you to deduct from my salary the sum Stated Above, Being registration fee and thereafter as stated Monthly with effect from the date as indicated above. To be paid to cooperative bank of Kenya Coopperative House branch, Nairobi for the account of Uchumi Co-operative Savings and Credit Society. This instruction is to terminate only with the written knowledge and approval of Management Committee of the said society.

 

 

Own Your Own Home with a Normal Loan

M-Pesa Payment Procedure

Uchumi Sacco members can remit their payments through PayBill Number 821885

Through the following procedure:-

  1. Select PayBill
  2. Enter Business number 821885
  3. Enter member name
  4. Enter amount
  5. Enter M-Pesa pin number
  6. Confirm and wait for confirmation

Location

Uchumi House

Agha Khan Walk

Nairobi CBD

Tel: 0719 264 959