Tembo Sacco is a reputable deposit-taking Savings and Credit Co-operative Society (Sacco) licensed by the Sacco Societies Regulatory Authority (SASRA). Established in 1972, the Sacco initially catered to employees of East Africa Breweries Limited but has since expanded its membership to individuals and organizations across various sectors in Kenya. With an asset base exceeding Ksh 4.91 billion and a growing membership of over 7,000, Tembo Sacco’s primary mission is to empower its members through innovative savings products and affordable credit facilities.
Tembo Sacco Membership Eligibility
Tembo Sacco has broadened its membership eligibility to serve a wide range of individuals and groups beyond its original base. The following categories of people can join:
- Employees of East Africa Breweries Limited (EABL)
Tembo Sacco originally catered to EABL employees and continues to welcome them as members. - Open Membership
Tembo Sacco is now open to the general public, meaning anyone, whether employed or self-employed, and engaged in a legal activity in Kenya can become a member.
Tembo Sacco Membership Requirements
Tembo Sacco offers three distinct types of membership: individual, joint, and group/corporate membership. Each has its own set of requirements, as outlined below:
1. Individual Membership
- Age: Must be 18 years or older.
- Employment Status: Open to both employed and self-employed individuals conducting legal business within Kenya.
- Application Forms: Must complete the membership application form and the nominee form, which are available for download from the Sacco’s website.
- Required Documents:
- A copy of your National ID.
- A copy of your KRA PIN.
- One recent passport-size photograph.
- Fees:
- A non-refundable registration fee of Ksh 1,000.
- A FOSA account minimum fee of Ksh 1,000.
2. Joint Membership
- Eligibility: Both applicants must be 18 years or older and can be either employed or self-employed.
- Application Forms: Both members must complete and sign the joint membership application form.
- Required Documents:
- Copies of KRA PINs for both members.
- One passport-size photograph for each member.
- Fees:
- A non-refundable registration fee of Ksh 1,000.
- A FOSA account minimum fee of Ksh 1,000.
3. Group/Corporate Membership
- Eligibility: Open to registered groups or corporate organizations.
- Application Forms: Complete the group/corporate registration form.
- Required Documents:
- One passport-size photograph for each signatory.
- Copies of the National IDs for each signatory.
- A copy of the group’s registration certificate or the corporation’s certificate of incorporation.
- For corporate entities, the Articles of Association or Memorandum of Association are required.
- Resolutions or meeting minutes authorizing the opening of the account with clear operating instructions.
- A copy of the group’s constitution, signed by the officials and stamped.
- A list of all group members, including their telephone numbers and ID numbers.
- Fees:
- A non-refundable registration fee of Ksh 1,000.
- A FOSA account minimum fee of Ksh 1,000.
Benefits of Joining Tembo Sacco
As a member of Tembo Sacco, you gain access to a range of financial benefits:
- Wealth Creation: Through tailored savings products, members can accumulate wealth over time.
- Low-Interest Loans: Access affordable credit facilities with low interest rates for various financial needs, including personal development, education, and emergency expenses.
- Financial Security: Members benefit from a robust support system that promotes savings and investment opportunities.
Tembo Sacco Contacts
For more information on membership eligibility, products, and services, you can reach Tembo Sacco through the following channels:
- Location: Tembo Sacco Plaza, Garden Estate Road, Nairobi
- Contacts: 0722 992 469 / 020 260 3334
Tembo Sacco has built a strong legacy over the years, providing a reliable platform for members to grow their savings and access affordable loans. Whether you’re an individual, a group, or a corporate entity, Tembo Sacco offers flexible membership options designed to help you achieve your financial goals.
