Finance & Investment

Fortune Sacco Membership Eligibility & Complete List of Requirements

Fortune Sacco

Fortune Sacco, initially registered as Kirinyaga District Farmers Sacco Society in May 1998, has evolved into a prominent financial institution serving thousands of Kenyans. With its rebranding in 2008, Fortune Sacco expanded its reach and currently boasts a membership of over 125,000 people and an asset base exceeding Ksh 5.56 billion. Whether you’re an individual, a business, or part of an investment group, Fortune Sacco offers a range of financial services tailored to meet your needs.

Fortune Sacco Membership Eligibility

Fortune Sacco welcomes a wide range of members, providing flexible options for individuals, businesses, investment groups, and companies. Here are the key eligibility criteria:

  • Any Kenyan citizen can join the Sacco.
  • Membership is open to both individuals and organizations, including businesses, investment groups, and companies.

Fortune Sacco Membership Requirements

To become a member of Fortune Sacco, prospective members need to fulfill the following requirements:

  1. A copy of your National ID.
  2. Entrance fee of Ksh 100.
  3. 10 shares, each valued at Ksh 100 (total minimum shares: Ksh 1,000).
  4. Passport-size photo, which can be taken at any Fortune Sacco branch.

How to Join Fortune Sacco

You can become a member of Fortune Sacco by either visiting one of its branches or downloading a membership application form online. Once you complete the form, submit it at any branch.

To qualify for membership, you must meet the following additional conditions:

  • Be within the Sacco’s membership field as outlined in its by-laws.
  • Be at least 18 years of age.
  • Have regular income from employment, business, or trade.
  • Be of good character and not involved in money lending or any activities against the Sacco’s objectives.
  • Be introduced by an existing member.
  • Understand the Sacco’s objectives and your obligations as a member.
  • Pay the entrance fee and minimum share capital as outlined in the membership policy.

Membership Benefits

By joining Fortune Sacco, you gain access to a host of financial and non-financial benefits, including:

  • Annual dividends on your shares.
  • The right to elect delegates during Sacco elections.
  • Free financial advice from the Sacco.
  • Access to affordable credit and other financial services tailored to your needs.
  • An opportunity to invest in a growing financial institution with a strong track record.

Fortune Sacco Contacts

If you are interested in joining or have any questions, you can reach Fortune Sacco through the following contact details:

  • Head Office: Fortune Plaza, Kerugoya Town.
  • Phone: 0724 256 957

Fortune Sacco continues to be a reliable financial partner for individuals and businesses alike, fostering growth through affordable credit, savings, and investment opportunities. Join today to secure your financial future with a trusted institution.