Fariji Sacco is one of Kenya’s largest deposit-taking Saccos, with an impressive asset base of Kshs 0.53 billion. Established in 1989, Fariji Sacco has grown from its humble beginnings to become a leading financial institution, effectively mobilizing savings and offering credit facilities to its members.
A Brief History of Fariji Sacco
The Sacco was originally founded as Kagwe Catholic Church Development Fund – Kagwe Parish, and its early members contributed as little as Kshs 20 per month. It was registered under the Ministry of Culture and Social Services. Over time, as other denominations joined the initiative, the Sacco rebranded to Kagwe Christians Development Fund Sacco, under the Ministry of Cooperatives.
In 2010, the Sacco underwent another transformation to broaden its membership base and enhance its national appeal, adopting the name Fariji Sacco. Since then, it has drawn members from diverse sectors, reflecting its expanded vision of supporting individuals and groups across Kenya.
Fariji Sacco Membership Eligibility
The membership of Fariji Sacco is open to all individuals and entities. The Sacco primarily attracts members from the following sectors:
- Tea farmers.
- Coffee farmers.
- Horticultural farmers.
- Dairy farmers.
- Business community.
- Investment groups.
- Pensioners and salaried persons.
Whether you’re a farmer, a businessperson, or part of an investment group, Fariji Sacco offers a platform for savings, credit, and financial growth.
Fariji Sacco Membership Requirements
Becoming a member of Fariji Sacco depends on your membership type. Below are the specific requirements for different membership categories:
1. Individual Membership
For individual members, the requirements are:
- Completed membership application form (available on the Sacco’s website).
- Copy of National ID or Passport.
- Passport size photograph.
- Registration fee of Kshs 500.
2. Group Membership
For investment groups or other collective entities, the following is required:
- Completed group membership application form (available on the Sacco’s website).
- Copies of National IDs or Passports of authorized signatories.
- Passport size photographs for authorized signatories.
- Group minutes resolving to open an account with Fariji Sacco.
- Group registration certificate.
- Registration fee of Kshs 500.
3. Joint Membership
For two or more individuals looking to open a joint account, the requirements include:
- Completed membership application form.
- Copies of National IDs or Passports for both applicants.
- Passport size photographs for both applicants.
- Registration fee of Kshs 500.
4. Corporate Membership
Corporate entities can also join Fariji Sacco. To do so, they must provide:
- Completed corporate membership application form.
- Passport size photograph for authorized signatories.
- Board of Directors’ minutes resolving to open an account with Fariji Sacco.
- Copy of Articles and Memorandum of Association.
- Registration certificate.
- Registration fee of Kshs 500.
Fariji Sacco: A Path to Financial Empowerment
Fariji Sacco’s wide range of membership options reflects its mission to serve diverse financial needs. Whether you are an individual, a group, or a corporate entity, Fariji Sacco provides a supportive platform for savings and investment. The Sacco offers a variety of loan and savings products to help members achieve their financial goals, positioning itself as a reliable financial partner.
Contact Fariji Sacco
For more information on membership or the Sacco’s services, you can reach out to their head office:
- Location: Diplomat House, Githunguri.
- Contact: 0727 398 699.
Fariji Sacco continues to expand its membership and product offerings, making it one of Kenya’s leading financial institutions, committed to empowering its members financially.
