Finance & Investment

Acumen Sacco Contacts & Joining Requirements: Everything You Need to Know

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Joining a Savings and Credit Cooperative Organization (Sacco) like Acumen Sacco offers numerous financial benefits, including access to affordable credit facilities, attractive savings options, and a supportive community of like-minded individuals. Established over 16 years ago, Acumen Sacco has grown to serve a diverse membership base, providing tailored financial solutions to meet the unique needs of its members.

Eligibility Criteria for Membership

Acumen Sacco maintains an inclusive membership policy, welcoming:

  • Individuals: Any Kenyan citizen engaged in legitimate business or employment within the country.
  • Corporate Entities: Organizations registered under Kenyan law, operating legitimate businesses.

Benefits of Joining Acumen Sacco

Members of Acumen Sacco enjoy a range of benefits designed to enhance their financial well-being:

  • Access to Credit Facilities: Members can obtain loans at competitive interest rates, facilitating personal and business growth.
  • Attractive Savings Products: The Sacco offers various savings plans with favorable returns, promoting a culture of saving among members.
  • Dividends and Rebates: Members receive dividends on shares and rebates on interest paid, enhancing the value of their investments.
  • Financial Education: Regular training sessions equip members with knowledge on financial management, empowering them to make informed decisions.

Membership Application Requirements

To become a member, applicants must provide the following:

  1. Completed Membership Application Form: Available on the Sacco’s official website or at their office.
  2. Identification Document: A copy of a valid National ID, passport, or military ID.
  3. Passport-Sized Photograph: A recent colored photo for identification purposes.
  4. KRA PIN Certificate: A copy of the Kenya Revenue Authority Personal Identification Number certificate.
  5. Registration Fee: A non-refundable fee of Kshs 1,000.
  6. Initial Share Capital Contribution: An initial payment of Kshs 5,000 towards share capital, which can be accumulated over time.

Application Process

Prospective members can apply through the following steps:

  • Online Submission:
  • In-Person Submission:
    • Visit the Acumen Sacco office located at Gashwe Plaza, Opposite CleanShelf Supermarket, Next to Equity Bank, Ongata Rongai.
    • Submit the completed application form and necessary documents to the customer service desk.

Contact Information

For inquiries or assistance, applicants can reach Acumen Sacco through the following channels:

Working Hours

Acumen Sacco operates during the following hours:

  • Monday – Friday: 8:30 AM – 4:30 PM
  • Saturday: 8:30 AM – 12:00 PM
  • Sunday and Public Holidays: Closed

Alternative Contact Channels

Members and prospective applicants can also connect with Acumen Sacco through their social media platforms:

Why Choose Acumen Sacco?

Acumen Sacco stands out for its commitment to member satisfaction and financial empowerment:

  • Member-Centric Services: The Sacco prioritizes the needs of its members, offering personalized financial solutions.
  • Financial Stability: With an asset base of approximately Kshs 450 million and member deposits totaling Kshs 350 million, Acumen Sacco demonstrates robust financial health. Kajiado County
  • Diverse Membership: Serving over 2,500 members across regions including Kajiado, Nairobi, Machakos, Kiambu, and the diaspora, the Sacco fosters a diverse and inclusive community.