Fill the member application form here, attach your passport photo, copy of both sides of the ID. Pay the registration fee of 1000 /= via our PayBill number 821945 and input the reference code in the form before submitting it.

The Sacco is open to any individual above 18 years and of sound mind.

Shares:

• The amount representing a member’s portion in the equity of the society as a co-owner.
• No member other than a Cooperative Society shall hold more than one-fifth (1/5) of the total shares.
• Shares are not used to determine the eligibility of a borrower or a guarantor.
• Shares are not withdrawable but are transferable.

Deposits

• Every member must make regular deposits towards deposits in accordance with Savings and loan policies.
• These deposits may be used to determine the eligibility of a borrower or a guarantor.

Savings

• In addition to shares and deposits, a member may invest in a saving account. The Sacco provides the following savings products
  • Christmas Savings.
  • Jenga Junior Saving.

Some of your responsibilities as a member are:

• Attending members’ education days.
• Adhering to your society’s by-laws.
• Liability for the debts incurred as a member and/ after ceasing to be a member.
• Encouraging potential members to join your society.
• Attending AGM.

The management committee is the governing authority of a SACCO and is subject to any directives of a general meeting. Among other responsibilities, the committee has a duty to:

• Adhere to the Cooperative Societies Act, Rules and By-laws, and prudent business practices in all its activities and undertakings
• Determine the interest rates on loans, subject to the society’s by-laws
• Ensure the keeping of true and accurate records of account
• Recommend to the annual general meeting, the dividend rate to be paid on shares, and the interest and refund payable to borrowers
• Authorize investments by the society

Yes, you are eligible as long as you fulfill the requirements listed for membership. The application can be done through our Online Membership application access your account through the virtual services.

As a member of Ukombozi cooperative society, you are entitled to a number of rights, including the right to:

• Attend general meetings and vote
• Get a share of surplus income at the end of each year
• Inspect your society’s books of account
• Apply for loans, in the case of SACCOs
• Approve, reject or defer budget
• Participate in amending the society’s by-laws
• Fix borrowing powers of the society

In the account number section, the member number or ID number must be succeeded by the symbol # then shortcode to the relevant account i.e.(XXXXXXX#DP)/ (XXXXXX#DP) To view more shortcodes kindly click here…

Visit any of our offices nearest to you, and fill a withdrawal form, attach a copy of your ID.

Yes, you can join a co-operative as long as your income allows you to save regularly employed or self-employed.

The member portal is available to all members. They only need to signup and login, see the procedure here

Individual members can benefit from Ukombozi through loans to finance developments, outright purchase of Land among other benefits.

Membership may be lost in the event of:

• Expulsion in accordance with the cooperative society’s by-laws
• Death
• Unsound mind
• Voluntary withdrawal or resignation from your cooperative society
• Collapse or dissolution of your cooperative society

The main principles of Ukombozi cooperative movement are:

• Voluntary and open membership
• Democratic member control
• Members economic participation
• Autonomy and independence
• Education, training, and information
• Cooperation and mutual support among the cooperatives
• Concern for the community

After consistently saving for six months.

A loan application must be done in writing on prescribed forms which must be fully filled. The applicant must attach all relevant documents.  The alteration will not be allowed.

You need to fill in wholesomely a loan application form, attach a copy of your ID, current account statement.

• Guarantors
• Deposits in the SACCO
• Collaterals (i.e Title Deed)

Guarantors are jointly and severally liable for the repayment of a loan in the event of the borrower’s default.

You can have one or more but the loan MUST be fully Guaranteed.

This varies on the type of loan borrowed. The processing period for our long-term loans is after every 2 weeks, while the short-term loans are within  48 hours.

Mobile loans are available to all active members, and easily accessible via USSD code *346#.

No, you can easy apply by dialing *346#.

1. USSD and Mobile Money kindly click here…  
2. Bank Details kindly click here…  

Yes, that is allowed and does not attract an early clearance charge.

Any member with an active deposits account

The principal member and the nuclear family.

The member must fill the benevolent application form which is available in our Downloads where the member can nominate anyone in their nuclear family. The form must be submitted to any of our branches.

The contributions are done annually from the dividends paid.