Kencream Sacco Membership Eligibility & Requirements. Kencream Sacco, a licensed deposit-taking Sacco, was established in March 2002 by employees of New KCC. The Sacco’s primary goal is to foster savings among its members, providing them with a reliable source of funds for loans at reasonable interest rates. Over the years, Kencream Sacco has demonstrated significant financial growth and expanded its membership base across various regions in the country.
Membership Eligibility
Kencream Sacco invites members from a diverse range of sectors, including:
- Parastatals
- Private businesses
- Government ministries
- Organized groups
- Other organizations
Membership Requirements
To join Kencream Sacco, prospective members must fulfill the following requirements:
- Membership Form: Complete and sign a membership form, which can be downloaded from the Sacco’s website or obtained from the Sacco’s offices or delegates.
- Identification: Provide a copy of the National ID and a KRA PIN certificate.
- Photograph: Submit a passport-sized photo.
- Registration Fee: Pay a one-time registration fee of Kshs 1,000.
- Share Capital: Contribute a minimum share capital of Kshs 15,000, which is non-refundable but earns dividends and is transferable upon withdrawal of membership.
- Monthly Contributions: Make a minimum monthly contribution of Kshs 3,200 for salaried employees, and Kshs 1,700 for non-salaried members.
Kencream Sacco Products & Services
Kencream Sacco offers a wide range of products and services tailored to meet the needs of its members. These are categorized into FOSA Accounts, FOSA Loans, BOSA Savings Services, and BOSA Loans.
FOSA Accounts
- Super Account
- Fixed Account
- Jazajaza Account
- Busara Savings Account
- Chama Savings Account
- Crystal Account
FOSA Loans
- Salary Advance Loan
- Salary Special Loan
- Salary Jipange Loan
- Non-Check Off Loan
BOSA Savings Services
- Deposit Savings
- Share Capital
- Christmas Savings
- Benevolent Fund
BOSA Loans
- Car Loan
- Development Loan / Normal Loan
- Upesi Loan
- Super Loan
- Consumer Loan
- Bima Loan
- School Fees / Education Loan
- Karibu Loan
- Emergency Loan
- Instant Loans
- Express Loan
- Weekend Loan
- E-Loan
Contact Information
Kencream Sacco is located at Dakar Road, Enterprise Road, Industrial Area, Nairobi. For more information or inquiries, you can contact Kencream Sacco at:
- Phone: 0703 756 350 / 020 3980 100
This comprehensive guide provides an overview of the membership eligibility, requirements, and the various financial products and services offered by Kencream Sacco, making it easier for prospective members to understand and join the Sacco.
