Ports Sacco, a leading tier 1 deposit-taking Sacco in Kenya, has a long and storied history that dates back to 1966. Originally established by employees of the then East African Harbours and Railways Corporation, it has grown significantly over the years. The Sacco opened its common bond in 2010, allowing members from diverse sectors to join. Today, it stands as one of the largest deposit-taking Saccos in Kenya, with an impressive asset base of Ksh 8.14 billion.
As a Sacco regulated by the Sacco Societies Regulatory Authority (SASRA), Ports Sacco offers a variety of membership categories, each with specific requirements. Below is a breakdown of the membership eligibility criteria and the necessary steps to join.
Ports Sacco Membership Eligibility
Ports Sacco’s membership is open to a wide array of groups and individuals. Eligible members include:
- Institutions, Companies, and Organizations
- Individuals
- Business Persons
- Salaried Employees
- Co-operative Societies
- Youths, Self-help, Welfare, and Investment Groups
Ports Sacco Membership Requirements
Ports Sacco offers different membership categories, each with its own set of requirements:
1. Individual Membership
Individuals who wish to join Ports Sacco need to meet the following criteria:
- Complete and submit the individual membership application form (available on the Sacco’s website).
- Provide a copy of your Kenyan National ID or valid Kenyan passport.
- Attach two recent colored passport-size photographs.
- Submit a copy of your KRA PIN certificate.
- Pay a registration fee of Ksh 500.
- Make a minimum monthly deposit of Ksh 1,000.
- Share capital requirement: Ksh 40,000.
2. Joint Membership
For joint membership, often applied by couples or business partners, the requirements include:
- Complete the joint membership application form.
- Attach copies of Kenyan National IDs or valid passports for all applicants.
- Provide colored passport-size photographs for each applicant.
- Submit KRA PIN certificates for all applicants.
- Pay a registration fee of Ksh 500.
- Minimum monthly deposit: Ksh 1,000.
- Share capital: Ksh 40,000.
3. Group Membership
Ports Sacco welcomes group memberships, particularly for chamas, self-help groups, and investment groups. Requirements are as follows:
- Complete and submit the joint membership application form.
- Attach copies of Kenyan National IDs or valid passports for all applicants.
- Provide colored passport-size photographs of all members.
- Submit the group’s registration certificate.
- Attach copies of KRA PIN certificates for all officials.
- Registration fee: Ksh 500.
- Minimum monthly deposit: Ksh 5,000.
- Share capital: Ksh 40,000.
4. Corporate/ Company Membership
Businesses and corporate entities can also join Ports Sacco. The requirements include:
- Complete and submit the company membership application form.
- Provide a certified copy of the company’s registration certificate.
- Submit a general meeting or board resolution authorizing the account opening at Ports Sacco.
- Attach the company’s memorandum and articles of association.
- Provide colored passport-size photographs and identification for authorized signatories.
- Submit signature specimens of the signatories.
- Attach copies of the KRA PIN certificates for directors and the company.
- Registration fee: Ksh 500.
- Minimum monthly deposit: Ksh 5,000.
- Share capital: Ksh 40,000.
Ports Sacco Contacts
For more information or to begin the membership application process, you can reach out to Ports Sacco through the following:
- Location: Ports Sacco Plaza, Mwakilingo Road, Off Moi Avenue, Mombasa
- Contact: 0111 173 000
By joining Ports Sacco, members not only gain access to a wide range of savings and credit products but also become part of one of Kenya’s most well-established and financially secure cooperative societies. With competitive interest rates and a variety of tailored financial services, Ports Sacco is an attractive option for both individuals and businesses looking to secure their financial future.
