Wakenya Pamoja Sacco, one of Kenya’s leading deposit-taking Saccos, was established in 1976 as a union banking section of the Kisii Farmers Cooperative Union. In 1992, it became an autonomous entity under the name Gusii Farmers Rural Sacco Society Limited. The Sacco has since undergone significant reforms, including a strategic rebranding to Wakenya Pamoja Sacco to align with its goal of expanding its geographical presence and diversifying its membership base.
The Sacco’s mission has evolved from serving tea and coffee farmers to offering financial solutions to a wider community. It now includes value chain financing, microfinance, business development, and asset financing, making it a go-to Sacco for both rural and urban communities seeking affordable financial services.
Wakenya Pamoja Sacco was officially licensed to conduct deposit-taking business on April 20, 2011, under the Sacco Societies Act No. 14 of 2002 and its accompanying regulations. The Sacco remains committed to promoting financial inclusion and economic empowerment through its extensive range of products and services.
Wakenya Pamoja Sacco Membership Eligibility
To become a member of Wakenya Pamoja Sacco, you must meet the following criteria:
- Age: Must be 18 years and above.
- Character: You must be of good character and sound mind.
- Shares: Prospective members are required to have a minimum share contribution.
- Individual or Organisation: Membership is open to both individuals and organisations.
Wakenya Pamoja Sacco Membership Requirements
- Membership Application Form: You can obtain the form online through the Sacco’s website or from any of its offices.
- Registration Fee: A non-refundable registration fee of Ksh 300 is required.
- Share Purchase: Members are required to purchase a minimum of 50 shares, each priced at Ksh 200. This brings the total minimum share contribution to Ksh 10,000.
- Continuous Share Accumulation: Members are encouraged to continue accumulating shares to enhance their investment and borrowing potential within the Sacco.
Benefits of Joining Wakenya Pamoja Sacco
- Wide Range of Financial Products: Members have access to a variety of products, including loans, advances, savings, and investment opportunities tailored to meet diverse needs.
- Affordable Loans: The Sacco offers loans at competitive interest rates, making it easier for members to access credit for personal, agricultural, or business use.
- Attractive Savings Interest Rates: Members enjoy competitive interest rates on term savings and deposit accounts.
- Fast Loan Processing: Loan applications are processed quickly, ensuring members can access funds when they need them.
- Education and Training: The Sacco provides financial literacy and education programs to members at no additional cost, empowering them with knowledge to make better financial decisions.
- Personalized Services: Members receive excellent customer service, including door-to-door payment services for those unable to visit Sacco branches.
- Customer Support: Wakenya Pamoja Sacco prides itself on offering friendly and reliable customer support.
Wakenya Pamoja Sacco Contacts
For more information, you can reach Wakenya Pamoja Sacco at the following contact details:
- Head Office: Kahawa House, Opposite Gudka Westend, Along Kisii-Sotik Road, Overlooking Daraja Moja.
- Phone Numbers: 0746 668 190 / 0777 668 190 / 0207 852 506
- Email: wpsacco@wakenyapamojasacco.com
Joining Wakenya Pamoja Sacco offers numerous benefits for individuals and businesses alike. With its commitment to promoting financial growth and economic empowerment, the Sacco continues to be a strong pillar for community development in Kenya.
