Process of Admission to VWEAC SACCO

  • One has to express interest in writing by filling a form
  • One must be recommended by at least one member of the SACCO
  • The Vetting committee must approve the applicant
  • The potential member must pay the membership fees, buy shares, and agree to save regularly besides and involving herself fully in the SACCO and sister organizations activities.

 

Requirements

  1. National Identification Card
  2. Recommender
  3. Payment of Membership 500,000=
  4. Buying of at least 50 shares (each share is 200,000/=)
  5. Monthly savings of at least 50,000=. For the new members, Savings is at least one million shillings (1,000,000=)
  6. Continuous buying of shares per year
  7. Prompt servicing of SACCO loans if acquired.
  8. Active participation in the SACCO and other sister organizations’ activities

 

SACCO products

  • Savings platform with a permanent Certificate
  • Provision of loans at affordable rates
  • Training for both leaders and Members
  • Community outreach through corporate and social responsibility
  • Social fund to assist members especially when in distress

 

Governance & Leadership