Membership
Become a member of Wakarimu Sacco
Membership is open to employees, business owners, farmers, youth and registered groups across our thirteen operating zones.
Eligibility
Who can join
If you earn — however you earn — you can save with Wakarimu.
Employees
Salaried workers in the public and private sector, contributing by check-off or standing order.
Business Owners
Traders, shopkeepers and entrepreneurs saving from business income.
Farmers
Smallholder and commercial farmers across our operating zones.
Youth
Young people starting out, including junior accounts opened on their behalf.
Groups
Chamas, self-help groups, welfare groups and registered corporate bodies.
What it costs
Clear, published fees
No hidden charges. These are the amounts every member pays.
| Item | Amount |
|---|---|
| Registration feeA one-off payment made when you join. | KES 1,000 |
| Minimum share capital500 shares at KES 20 each. Not withdrawable while you remain a member. | KES 10,000 |
| Minimum monthly depositYour regular contribution, and the basis of your loan entitlement. | KES 1,000 |
| Monthly insurance premiumPayable monthly alongside your contribution. | KES 50 |
What to bring
Documents required
Bring these with you and your application can usually be completed in one visit.
- A copy of your National ID or passport
- One passport-size photograph
- A completed Application for Membership form
- A recent payslip, if you are in formal employment
- Your employer's recommendation, where applicable
- Business financial statements for the last three months, if self-employed
- Two referees who are members in good standing
- A completed Nominee Declaration Form
How to join
Six steps to membership
Apply in person at either office, or start by downloading the form and bringing it in completed.
Complete the membership form
Pick up a form at either office or download it from this site, then fill in your personal, employment or business details.
Attach your documents
A copy of your National ID or passport, a passport photograph, and your employer's recommendation where applicable.
Get two referees
Two existing members in good standing sign your form and confirm your zone and centre.
Pay the joining fee and first deposit
Pay the KES 1,000 registration fee and begin your monthly contributions.
Nominate your beneficiaries
Complete the Nominee Declaration Form so your deposits pass directly to the people you choose.
Start saving
Your membership number is issued on approval, and you begin building towards your first loan.
Ready to start? Visit us at Lydia Arcade, 1st Floor, Room 124, Nakuru or Gipack Building, next to the G4S Office, Molo.
Categories
Three ways to hold membership
Ordinary
The standard individual membership for adults in employment, business or farming.
Junior
Accounts for children and young people, operated by a parent or guardian until they come of age.
Group / Corporate
For chamas, self-help groups, welfare associations and registered institutions saving as one body.
Member benefits
What you get in return
Affordable loans
Competitive credit priced on a reducing balance, so you only pay interest on what you still owe.
A savings habit that sticks
Regular monthly contributions build deposits that become your borrowing power.
Competitive dividends
Returns on your shares and deposits, declared each year at the Annual General Meeting.
Business growth support
Financing to start, stock or expand a business, appraised on your real cash flow.
A voice in the Sacco
One member, one vote — you elect the leadership and approve the accounts.
Financial guidance
Practical advice on saving, borrowing responsibly and planning ahead.