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Looking for a sacco to join
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ngatts
#1 Posted : Friday, February 05, 2010 11:17:28 PM
Rank: New-farer


Joined: 1/5/2010
Posts: 15
Location: Nairobi
I'm new here and don't know if this is where to start this. I'm looking for a sacco to join and here's my background.

I work in a small telecoms firm with about 15 guys and hence don't have a sacco. I don't know if any of you guys can help me with info about which ones accept random people who just walk in, or better yet those that accept self employed guys.
ngatts attached the following image(s):
sacco.jpg (3kb) downloaded 4 time(s).
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muganda
#2 Posted : Saturday, February 06, 2010 5:36:35 AM
Rank: Elder


Joined: 9/15/2006
Posts: 3,901
@ngatts I've heard of Mhasibu Sacco who accept all. And in these .com days I see they even have a site http://mhasibusacco.com/

If you talk to them, keep us posted.
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Kamaa
#3 Posted : Saturday, February 06, 2010 6:27:47 AM
Rank: Veteran


Joined: 10/6/2007
Posts: 1,177
Location: Nairobi - Kenya
@muganda

Membership Requirements

• Members of ICPAK and their employees
• Fully qualified accountants who are not members of ICPAK
• Accountancy training institutions and accountants in training
• Spouses to the co-op members
• Registered KASNEB students
• Joining fee is Kshs 1,000 and the minimum monthly contribution is Kshs 1,000
When you hear what I say, you will not understand. When you see what I do, you will not comprehend
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muganda
#4 Posted : Saturday, February 06, 2010 6:42:15 AM
Rank: Elder


Joined: 9/15/2006
Posts: 3,901
Oooh, so that's what the site says... Heard of them before I saw the site, and person who mentioned them (like 6 years ago) did not fulfill those requirements and was a member.

Should be possible to get in? But then I can be mistaken.
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ngatts
#5 Posted : Saturday, February 06, 2010 1:29:26 PM
Rank: New-farer


Joined: 1/5/2010
Posts: 15
Location: Nairobi
Thanks Muganda. I don't meet any of those criteria but let me give them a shout and will let you know.
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sparkly
#6 Posted : Saturday, February 06, 2010 2:18:52 PM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
@ngatts am surprised there isn't a sacco for geeks. How about you form one?
Life is short. Live passionately.
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ngatts
#7 Posted : Saturday, February 06, 2010 3:21:19 PM
Rank: New-farer


Joined: 1/5/2010
Posts: 15
Location: Nairobi
@sparkly Sounds like a good idea, I'm sure it'd have enough members. The administration overhead however requires a calling
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sparkly
#8 Posted : Saturday, February 06, 2010 6:02:47 PM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
@ngatts, there must be organizations out there who can willing to fund SACCOs and MFIs. I think Grofin does so. Anyone on wazua with info?
Life is short. Live passionately.
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Consultant
#9 Posted : Tuesday, April 27, 2010 9:19:17 AM
Rank: New-farer


Joined: 4/27/2010
Posts: 1
Location: Nairobi
Hi all,

I came accros Wazua by chance and its and addictive forum and well thought.
I got interested in a number of issues and would really be ready to participate whenever possible.
On the issues of Sacco, first of all I work with the Umbrella body of Sacco which is KUSCCO LTD (Kenya Union of Savings and Credit Co-operative) We have a SACCO called KILELE which is open to all we even have some expertriates joining. The joining fee is Kshs 300 for registration.


Do not hesitate to get back throu Wazua or email isaac@kuscco.com

Regards

Kimathi
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ngatts
#10 Posted : Tuesday, April 27, 2010 10:05:20 AM
Rank: New-farer


Joined: 1/5/2010
Posts: 15
Location: Nairobi
Thanks Kimathi. For the benefit of others looking for a sacco to join, where are your offices so that I can pass by? Still at Kuscco Upperhill?
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Chaka
#11 Posted : Tuesday, April 27, 2010 10:49:16 AM
Rank: Elder


Joined: 2/16/2007
Posts: 2,114
@consultant,
How do borrowing members' handle the issue of guarantors(sp)?
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Pret
#12 Posted : Wednesday, April 28, 2010 6:59:26 AM
Rank: New-farer


Joined: 4/8/2010
Posts: 16
Location: Nairobi
@Ngatts,
There is a sacco that has come up very fast with a diverse range of products to chose from which have been tailor made to suit ur needs,it is called Metropolitan Sacco...by the way it also takes into account non-teaching staff and private sector...Contact me for more details..

All the best.
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ngatts
#13 Posted : Wednesday, April 28, 2010 9:00:36 AM
Rank: New-farer


Joined: 1/5/2010
Posts: 15
Location: Nairobi
@Pret I hope it's not a pyramid scheme :) Please send me your contact details.
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willin2learn
#14 Posted : Friday, May 14, 2010 1:38:32 PM
Rank: Veteran


Joined: 2/12/2008
Posts: 1,178
@ngatts

if its the metropolitan in kiambu, thats a strong sacco
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kenstat
#15 Posted : Monday, May 31, 2010 1:55:33 AM
Rank: New-farer


Joined: 12/31/2009
Posts: 43
Location: Tundra
ngatts wrote:
Thanks Kimathi. For the benefit of others looking for a sacco to join, where are your offices so that I can pass by? Still at Kuscco Upperhill?


Ngatts, did you ever find a SACCO to fit your needs?
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msotoville
#16 Posted : Monday, May 31, 2010 6:40:07 PM
Rank: Member


Joined: 4/14/2010
Posts: 183
Location: Nairobi
@ ngatts
Please do tell...about Mhasibu, that is, concerning members who don't fulfill their membership criteria.

Veeery interested.
So nice that its nasty, so bangin' its busting,
So slick that its sick, so dope its disgusting!
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ECHOKENYA
#17 Posted : Wednesday, June 02, 2010 3:35:41 PM
Rank: New-farer


Joined: 4/26/2010
Posts: 71
Location: Thika/Nairobi
Try looking for catholic church sacco or the ack sacco,i have triumphed in the and many others too.
http://echoproperties.kbo.co.ke
Echo estate management Limited
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ngatts
#18 Posted : Wednesday, June 02, 2010 5:32:05 PM
Rank: New-farer


Joined: 1/5/2010
Posts: 15
Location: Nairobi
@kenstat
I did find one that I found suited me. It's called Maisha Bora [http://www.maishaborasacco.com/]. I have a workmate who's a member. just been lazy to take the forms :)

@msotoville Didn't go to ask them about their requirements , I read through their requirements and didn't meet any.

I had a talk with @consultant and the sacco he advocated for is also good [Kilele]. Looks solid. Would have joined that one but the Maisha Bora rates are lower.
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kenstat
#19 Posted : Thursday, June 03, 2010 3:21:06 AM
Rank: New-farer


Joined: 12/31/2009
Posts: 43
Location: Tundra
I will check it out. I'm also waiting on infor frtom consultant.Thanks for the information Bruv.


ngatts wrote:
@kenstat
I did find one that I found suited me. It's called Maisha Bora [http://www.maishaborasacco.com/]. I have a workmate who's a member. just been lazy to take the forms :)

@msotoville Didn't go to ask them about their requirements , I read through their requirements and didn't meet any.

I had a talk with @consultant and the sacco he advocated for is also good [Kilele]. Looks solid. Would have joined that one but the Maisha Bora rates are lower.
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Rahatupu
#20 Posted : Thursday, June 03, 2010 7:29:17 AM
Rank: Veteran


Joined: 12/4/2009
Posts: 1,982
Location: matano manne
@ngatts, welcome to Hazina Sacco with over 9000 members and been in business since 1971. Excellent record, dividends are super. Check them out: http://www.hazinasacco.or.ke
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