Membership FAQs

1. Who is eligible to join Ukombozi Sacco ?

A born-again christian & above 18 years.

2. How to join the Sacco?

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.

3. What is the difference between Shares, Deposits and Savings?


  • 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 withdraw able but are transferable.


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


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

4. What does one need to withdraw from the sacco?

Download a withdrawal for from here, attach a copy of your ID and drop it to our office or share a clear scanned copy to

Credit FAQs

1. When does a member become eligible for a loan?

After saving for six months consistently.

2. How is a loan application done?

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

3. Can a member use dividends or interest rebates to clear loans?

Yes by communicating the same in writing via email.

4. What are the acceptable Securities for a loan?

  • Guarantors
  • Deposits in the SACCO

5. What is the role of a guarantor?

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

6. What are available disbursement channels?

  • EFT (Electronic Funds Transfer)
  • Cheques
  • RTGS (Real Time Gross Settlement)

7. Can one clear a loan in full before repayment is over?

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