Membership to Umoja SACCOS (2006) LTD

Becoming a member of Umoja SACCOS (2006) LTD opens the door to a wide range of financial services and the opportunity to be part of a growing cooperative that prioritizes economic empowerment and mutual growth. Below are the key details about membership eligibility, requirements, and benefits:

Who Can Join?

Membership is open to:

  1. Individuals within the common bond, such as employees of a specific organization, community residents, or business groups.
  2. Entrepreneurs, self-employed individuals, and others who meet the eligibility criteria defined in Umoja SACCOS bylaws.
  3. Legal entities such as groups or companies, as permitted by the cooperative’s regulations.

How to Become a Member?

To join Umoja SACCOS, the following steps must be followed:

  1. Application Form: Complete the membership application form, available at any Umoja SACCOS branch or on the official website.
  2. Purchase of Shares: Members are required to buy the minimum number of shares as stipulated by the SACCOS to qualify for membership. These shares represent ownership and participation in the cooperative.
  3. Membership Fee: A one-time non-refundable registration fee is required upon joining.
  4. Initial Deposit: Deposit an initial amount into your savings account to activate your membership and begin enjoying the benefits of saving with Umoja SACCOS.
  5. Compliance: Agree to abide by the bylaws, policies, and regulations governing Umoja SACCOS operations.

Member Benefits

  1. Access to Affordable Loans: Members can apply for various loan products at competitive interest rates based on their savings and shares.
  2. Savings Opportunities: Flexible saving plans are available to help members achieve their financial goals.
  3. Dividends: Members earn dividends from the profits generated by Umoja SACCOS based on their shares.
  4. Financial Security: Contributions and savings are safeguarded, ensuring financial stability for members and their families.
  5. Participation in Decision-Making: Members have voting rights during the Annual General Meeting, allowing them to influence key decisions of the SACCOS.
  6. Capacity Building: Members benefit from financial literacy training and workshops to improve money management skills.

Why Join Umoja SACCOS (2006)?

Umoja SACCOS (2006) LTD is committed to fostering financial inclusion and empowering its members through sustainable financial services. By joining, you become part of a cooperative that prioritizes your growth, ensuring you achieve your financial and social goals.

For more information or to begin your membership journey, visit our nearest branch or contact us through our official website. Let Umoja SACCOS be your partner in financial success!