Yetu Sacco, one of Kenya’s leading deposit-taking Saccos, has built a solid reputation as a reliable financial institution for individuals and organizations alike. Initially registered as South Imenti Tea Growers Sacco under registration number CS 6366, the Sacco has expanded its presence beyond South Imenti in Meru County to other regions in Kenya, leading to its rebranding as Yetu Sacco in 2010. With an asset base of Kshs 5.37 billion, it ranks among the largest deposit-taking Saccos in the country.
This article outlines the membership eligibility and requirements for joining Yetu Sacco, as well as the numerous benefits that come with being a member.
Yetu Sacco Membership Eligibility
Membership to Yetu Sacco is open to a wide range of individuals and entities. Here are the main categories of potential members:
- Farmers: Especially tea and coffee growers, but farmers from other sectors are also welcome.
- Business People: Entrepreneurs from different sectors can join and enjoy the financial products offered.
- Employees: Both private sector employees and civil servants are eligible to become members.
- Corporate Institutions: Organizations such as companies, microfinance groups, and NGOs can also join Yetu Sacco.
Yetu Sacco Membership Requirements
Yetu Sacco offers different membership categories with straightforward application procedures:
1. For Local Members
- Membership Application Form: This form can be downloaded from the Sacco’s official website or collected from any of its branches across the country.
- Copy of National ID: A valid Kenyan national ID is required to complete the membership process.
- Passport Size Photos: Provide recent passport-sized photographs for identification purposes.
- Registration Fee: A one-time registration fee of Kshs 1,000 is required to become a member.
- Initial Share Capital: You must also deposit an initial share capital of Kshs 200.
2. For Diaspora Members
Yetu Sacco recognizes the importance of its members living abroad. Diaspora members can easily join the Sacco by meeting the following requirements:
- Membership Application Form: This form is available for download on the Sacco’s website.
- Copy of ID/Passport: Diaspora members must attach a valid identification document such as a passport or national ID.
- Know Your Customer (KYC): The Sacco requires KYC documentation to confirm your identity and residence details.
Benefits of Joining Yetu Sacco
Yetu Sacco offers several attractive benefits to its members:
1. High Return on Investment
Members enjoy competitive returns on their investments. For over 12 years, Yetu Sacco has provided dividends of over 15-18% on share investments, making it an excellent option for growing wealth.
2. Flexible and Automated Services
Yetu Sacco offers a wide range of flexible financial services. Through agency banking and ATM services, members can access their accounts with ease from any location, minimizing disruptions and ensuring convenience.
3. Dedicated Customer Support
Yetu Sacco prides itself on its dedicated customer support team. Members can count on quick responses to any queries and personalized attention from a team of experienced professionals.
Yetu Sacco Contacts
For more information or inquiries, you can reach the Yetu Sacco head office:
- Location: Along Nkubu-Mikumbune Road, Opposite MCK Church, Nkubu.
- Contact: 0724 114 444
Joining Yetu Sacco not only offers access to a wide range of savings and credit products but also guarantees high returns on investments and flexible financial solutions. Whether you are a farmer, businessperson, or a member of the diaspora, Yetu Sacco provides the financial tools you need to grow your wealth and secure your future.
