Membership is open to staff of Absa Bank Kenya PLC, its subsidiaries and other financial institutions, introduced by at least two existing members. Download and complete the membership form, or apply online, and submit with the required documents.
An SMS notification with your member number will be sent to your phone within 48 hours.
Yes — a one-off registration fee of Ksh 2,000.
The minimum monthly contribution is Ksh 3,500 (share contribution), plus Ksh 500 holiday savings.
Share capital is the core capital of the Sacco. Every member is required to purchase a minimum shareholding of Ksh 30,000.
A member should meet the minimum shareholding within 10 months from the date of joining, contributing a minimum of Ksh 3,000 per month.
Share capital is non-refundable. It is only transferable to, or sold to, an existing Sacco member when you cease membership. You may also keep the shares as an investment and continue earning dividends.
Yes — you may introduce your spouse and children above 18 years to join the Sacco.