This article explores the eligibility and qualifications for Egerton University Sacco membership.
Egerton University Sacco is a financial intsitution that is attahed to Egerton University, however, memebrship is open to all willing to join.
Since its registration in 1975, Egerton University SACCO Society Limited has experienced consistent growth. Over 6,000 people are members of the organization, which has acquired shares and deposits worth over Kshs 1.7 billion and a loan portfolio worth Kshs 1.6 billion. Their gross revenue as of December 31, 2019, exceeded 300 million shillings.
The Sacco’s asset base is at $2.3 billion.
Over 6,000 people are members of the Sacco, which has savings and shares worth more over Kshs 1.7 billion. It has a 1.6 billion loan portfolio.
The Sacco Society Regulatory Authority (SASRA) oversees the Sacco’s ability to conduct deposit-taking operations in the nation.
Egerton University Sacco Membership Eligibility
Membership is open to all civil servants, employees of companies and business persons.
The Sacco mainly draws its members from institutions such as;
- Egerton University.
- Kisii University.
- Laikipia University.
- Kabarak University.
- Masinde Muliro University.
- Chuka University.
- Kabianga University.
- Several other universities.
- Nakuru County and several schools.
Egerton University Sacco Membership Requirements
- 500 shilling entrance charge.
- Send a copy of your National ID or another validated form of identification together
- with a passport-sized photo.
Plan to buy shares worth at least Ksh 20,000 in the next six months. - Employees must include a copy of their employment letter and their most recent paystub.
Remittances can be made using the following methods:
- Direct deposits into the bank accounts of the Sacco.
- Standing orders in banks.
- Verify with your employer.
- Debit card.
- Deposit money over the counter.
- *645# for Spotcash mobile banking.
- 798 073 is the Sacco paybill number.