Sheria Sacco Membership Eligibility & Requirements

This page focuses on the eligibility and qualifications for Sheria Sacco membership. Sheria Sacco is a Savings and Credit Co-operative Society that was established in 1972 and now has a membership of over 10,000 people.

With a 7.46 billion asset base, Sheria Sacco is one of Kenya’s largest deposit-taking Saccos.

Sheria Sacco Membership Eligibility

Former and current workers of;

  • Judiciary.
  • The Attorney General’s Office.
  • Ministries and departments of the government.
  • Sheria Sacco, as well as all of its initiatives and subsidiaries.
  • Kenya Law School.
  • Every university.
  • Kenya Law Society.
  • The Attorney General’s office and the judiciary are quasi-government institutions.
    Non-governmental organizations (NGOs).

Other members who are qualified include:

  • A member’s spouse or a close family member.
  • Advocates from Kenya’s High Court.
  • Kenya School of Law students.
  • Public secretaries who are certified.
  • Entrepreneurs and institutions that have been approved.
  • Any other person employed by a Kenyan-registered organization who is capable of making regular contributions to society and meeting loan payback conditions.

Sheria Sacco Membership Requirements

  • A completed membership application form, which can be found on the Sacco’s website.
  • A copy of your national ID or passport.
  • A properly completed nominee card.
  • One passport-sized photograph.
  • Entrance price of Kshs 1,700; registration charge of Kshs 1,000; FOSA account creation fee of Kshs 500; and Burial Benevolent Fund registration fee of Kshs 200.

Memership Benefits

  • The interest paid on the society’s loans is returned to members in the form of interest on deposits and dividends.
  • Members have unrestricted access to the Sacco’s board of directors and management.
  • Members have a stronger say in the operation of the society, and their delegates represent them at the organisation’s ultimate governing organ (AGM).
  • When it comes to engaging with its members, the society has a human face.
  • Members own the society and have a special relationship with it because they are also its clients.
  • When compared to banks and other financial institutions, the society’s loan products are competitively priced.

Sheria Sacco Contacts

Location: Matumbato Close, Upperhill, Nairobi.

Contact: 020 780 1500.