Frequently Asked Questions
Most frequent questions and answers
A member can resign from the SACCO by filling Membership withdrawal form. Any member with outstanding loan(s) withdrawing from the society while still employed shall pay full outstanding interest on the loan balance(s) and No guarantor will be allowed to resign from the society unless he or she finds another member to take his/ her place as guarantor.
Fully completed loan application form, Sufficient number of guarantors (depends on loan type), at least 2 current pay slips, A copy of National ID, Proof of active membership for at least three months.
If you are a continuing member and you have filled and submitted the change of Pay point to SASA bank form, your employer should acknowledged the request to change pay point. The member will then be eligible to loaning facility without consideration of the 1/3 rule in 1-2 days so long as all other loaning requirements have been met.