Maisha Bora Sacco has established itself as a financial institution governed by the Constitution of Kenya, Acts of Parliament, and sacco-specific regulations. With an impressive asset base of Ksh 5.18 billion and a loan portfolio of Ksh 3.26 billion, the Sacco continues to offer vital financial services to its members. Supported by deposits totaling Ksh 3.78 billion and a share capital of Ksh 301 million, Maisha Bora Sacco provides a platform for members to grow their wealth through savings and access to affordable credit.
Maisha Bora Sacco Membership Eligibility
Maisha Bora Sacco has broadened its membership to include various sectors and communities. This inclusivity has allowed the Sacco to serve a diverse range of members, including:
- Employees of Unilever and affiliated companies
- Private companies
- Non-Governmental Organizations (NGOs)
- National and County Government employees
- Kenyans in diaspora
- Business communities
- Registered groups (such as Chamas and investment groups)
Whether you are employed, self-employed, or part of a business community, Maisha Bora Sacco offers a path for membership and financial empowerment.
Maisha Bora Sacco Membership Requirements
1. Individual Membership
To join Maisha Bora Sacco as an individual, the following documents and fees are required:
- A duly completed membership application form, available for download on the Sacco’s website.
- A copy of your National ID.
- Two coloured passport-size photos.
- A non-refundable registration fee of Ksh 2,000.
2. Group/Chama Membership
For groups, commonly referred to as Chamas, the requirements are as follows:
- A group membership application form, fully completed.
- Minutes from a group meeting that shows the resolution to open an account with Maisha Bora Sacco.
- Identity Cards (both original and copies) for each signatory.
- One coloured passport-size photo for each signatory.
- A copy of the certificate of registration for the group.
- A copy of the group’s constitution.
- A list of all group members, with their ID numbers, duly signed by the members.
- An introduction letter from relevant government ministries (if applicable).
- A Ksh 2,000 account opening fee.
- A minimum monthly contribution of Ksh 3,000.
How to Join Maisha Bora Sacco
There are two main methods to join Maisha Bora Sacco, ensuring flexibility for prospective members.
Option 1: Online Registration
- Visit the Sacco’s website at Maisha Bora Sacco Online Registration and complete the online membership form.
- Pay the joining fee and share capital through Paybill Number 600110. Use your ID number as the account number.
- Alternatively, you can deposit the payment at the Sacco’s bank or at the Front Office Service Activity (FOSA).
Option 2: Physical Application
- Obtain and fill out a hard copy membership application form from the Sacco’s office or download it from their website under the download menu.
- Attach the required documents: a copy of your National ID, a passport-size photo, and a copy of your KRA PIN certificate.
- Submit the form in person at the Sacco’s customer care desk, along with a deposit of Ksh 2,000 for the joining fee and a minimum share capital of Ksh 1,000.
- Alternatively, you can scan and email the form and attachments to the Sacco at info@maishaborasacco.com.
Maisha Bora Sacco Contacts
For more information or to visit Maisha Bora Sacco, their contact details are as follows:
- Location: Unilever Kenya Ltd, Commercial Street, Industrial Area, Nairobi.
- Phone: 0709 446 000
- Email: info@maishaborasacco.com
Maisha Bora Sacco provides a robust platform for its members to save, access credit, and grow their wealth. Joining the Sacco is straightforward, with clear guidelines for both individuals and groups. Whether you are a salaried employee, a business owner, or part of a community group, Maisha Bora Sacco offers opportunities for financial growth and security.
