How do I join a Sacco in Kenya?

The common bond is the first question and it is binary. Some Saccos are tied to an employer or sector, some to a profession, some to a county or community, and many have opened additional membership classes. Counter staff cannot waive it, because it is a registered rule rather than a policy.

Before paying anything, get five things in writing with a date on them: the share capital required, the minimum monthly deposit, the qualifying period before you can borrow, the loan multiplier for the product you are likely to want, and the exit terms. All five are set by the individual Sacco and revised, and the exit terms are the ones members most regret not asking about.