Membership
Most SACCOs require you to buy shares (e.g., 1-5 shares at a set price).
To be Membership at
Bridge SACCO
1. Buy shares (minimum 10,000 ETB required)
When joining a Savings and Credit Cooperative Organization (SACCO), purchasing shares is a mandatory requirement. Shares represent your ownership stake in the SACCO and determine your voting rights, dividend earnings, and loan eligibility.
2. Start saving to qualify for loans.
One of the biggest advantages of joining a SACCO is access to affordable loans. However, your savings history directly determines your loan eligibility. Here’s exactly how it works:
3. Submit documents (ID, proof of income, membership form).
To become a member of a Savings and Credit Cooperative Organization (SACCO), you must submit specific documents for identity verification, financial assessment, and membership registration.
4. Identify a SACCO (workplace-based, community, or open membership).
One best example is Stima Sacco is a leading workplace-based SACCO that has grown into an open-membership financial cooperative, offering competitive savings, loans, and investment opportunities. Its blend of traditional SACCO values with modern fintech solutions makes it a preferred choice for many Kenyans.
