SACCO Membership

At FEWA SACCO, we acknowledge that for women, building a business is hard work. There is no magic bullet nor is there such a thing as overnight success. Starting a company is even harder; women have to push boundaries to get their businesses off the ground.  If the women are to change this scenario and increase the number of women led businesses, then the change has to start with us. For FEWA SACCO, leading means supporting other women entrepreneurs through financial literacy and access to affordable credit. Today, the difficulty is to move from the acceptance of equal rights to the reality of equal opportunity.

MEMBERSHIP ELIGIBILITY CRITERIA

Eligibility for membership is based on the following qualifications:

  1. All women entrepreneurs, employees, professionals, chamas, investment groups are eligible.  FEWA Sacco is  “ a Sacco for women by women”  However, please note that men are also allowed to join the SACCO.
  2. Must be a Kenyan citizen/Registered Business in Kenya
  3. Complete a Membership Application Form for vetting
  4. Is at least 18 years of age

Your investment

  1. Registration – Kshs 1,000
  2. Share Capital – Kshs 2,000 (promotional offer : To pay this over 4 months i.e. 500/= per month)
  3. Minimum Monthly Contribution – Kshs 2,000

Borrowing Terms

  1. Member must be active continuously for 6 months
  2. Loan limit is 3 times your contribution

All such contributions shall be made through check off system, direct bank debit, standing order or through our MPESA Line.

Additional requirements:

A member shall be expected to provide;

    1. A copy of ID or Passport
    2. Two coloured passport size photo
    3. A KRA pin certificate copy

Below is the FEWA SACCO membership form.

Any Payments to FEWA Sacco shall be made to the below bank account details and payment slip sent to FEWA Sacco Offices;

1.  BANK NAME: CO-OPERATIVE BANK OF KENYA       

     ACCOUNT NAME: FEWA SACCO LTD   

     BRANCH: UPPER HILL

     A/C NO: 01120161088000

2.  BANK NAME: CHASE BANK        

ACCOUNT NAME: FEWA SACCO LTD   

BRANCH: ABC ELITE CENTRE

A/C NO: 0292092125002

 

3. M-PESA : PAY BILL OPTION

BUSINESS NUMBER 295464

ACCOUNT NUMBER: YOUR MEMBERSHIP NUMBER, STARTING WITH THE WORD FEWA.

 

For more information please contact us on the below:

FEWA SACCO

P.O. Box 5560-00200

Tel. (+254) 717251922/ (+254) 736357112

Email: fewasacco@fewa.or.ke   / memberservices@fewa.or.ke

fb: Fewa Sacco

twtr: @fewasacco

 

Terms and conditions

  1. Membership is subject to vetting and acceptance by the Sacco.

 

Individual Membership Application Form