Joining Biashara DT Sacco offers Kenyan residents a pathway to financial growth through a variety of tailored financial products and services. This guide provides a detailed overview of the membership requirements, benefits, and steps to becoming a full member of Biashara DT Sacco.
Membership Requirements
To become a full member of Biashara DT Sacco, applicants must meet the following criteria:
- Registration Fee: Kshs 2,000
- Valid Identification: An original copy of your national ID card or passport
- Nominal Shares: Purchase 500 nominal shares at Kshs 100 each, totaling Kshs 50,000
- Development Fee: A one-time contribution of Kshs 200,000
- Maintenance Fee: Monthly payment of Kshs 200
- Welfare Fee: Contribution of Kshs 50 towards the welfare fund
- Monthly Deposits: Regular monthly deposits of Kshs 2,500
Benefits of Full Membership
As a full member, you can enjoy several benefits, including:
- Competitive Dividends: Attractive returns on your investment
- High Interest Rates: Favorable rates on your savings
- Flexible Loan Options: Access to a variety of loans tailored to your needs
- Voting Rights: Participation in decision-making processes
- Ownership: Part-ownership of the Sacco
- Transferable Shares: Ability to transfer your shares to others
- Convenient Services: Benefit from door-to-door services and mobile banking facilities
Steps to Join Biashara DT Sacco
- Gather Required Documents:
- National ID or valid passport
- KRA PIN certificate
- Passport-sized photos (can be taken for free at any Biashara Sacco branch)
- Visit a Branch:
- Head to your nearest Biashara Sacco branch
- Fill in the account opening form provided by a customer care representative
- Account Creation:
- The customer care representative will open your account in the banking system
- Initial Deposit:
- Make an initial cash deposit as required
Contact Information
For any queries or assistance, you can reach out to Biashara DT Sacco through the following channels:
- Head Office: Biashara Sacco Plaza, Kimathi Way, Nyeri
- Office Hours: Mon – Fri: 8.00am to 4.30pm; Saturday: 8.00am to 12.30pm
- Front Desk: 0722 557 188
- Email: info@biasharasacco.co.ke
Becoming a full member of Biashara DT Sacco is a strategic step towards achieving financial stability and growth. With a range of benefits tailored to meet your financial needs, Biashara DT Sacco stands out as a reliable partner in your financial journey.
