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Your Questions Answered

Below are some of the more commonly asked questions that we receive on a daily basis. However, if you have a more specific enquiry please let us know.

What do I need to join Shirika SACCO?

To join Shirika SACCO, you need the following documents:

  • A filled out application form(Download Form)
  • A copy of your Identity Card
  • A Copy of your current payslip
  • A passport size photograph

Who are the members of Shirika Sacco?

Members may include:

  • Staff of various ministries
  • Staff of other reputable organisation
  • Teachers

What do I need to do when withdrawing from the society?

The following are the steps to follow:

  • A member needs to inform the society in writing of his intention to withdraw. A notice of sixty days (60) is required in case of any refunds due to the member.
  • A member needs to inform all Loanies he has guaranteed to seek an alternative guarantor. Refunds will only be paid to the member after all Loanies have replaced member as guarantor.
  • A member intending to withdraw must have more deposits than his/her outstanding loan,this will enable the society to offset loanbalance against deposits and refund the difference.

Must I have guarantors when applying for a Loan?

All loans granted by the society must be guaranteed by at least three members of the society. Guarantors' and applicants shares MUST be equal to or more than the loan applied for. In special cases when loan is less/equal to shares/have not guaranteed any member, one could self-guarantee but have to state in writing.

If I clear a loan before its completion date will I be required to pay interest for future periods?

There is a 5% interest charged on loanbalance for clearing a loan earlier than the contracted period.

How long does it take for a member to get a Cheque after Loan application?

All loans except normal loan for 60 months are approved weekly by Credit Committee.

How can a member qualifies to repay the loan in 60months?

If he/she doesn't have any outstanding normal or has repay previous normal loan upto half. Loan repayable in 60 months is approved once a month.

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Shirika Sacco Society LTD was registered on 24th April 1969 by the founding members of the Ministry of Industrialization and Enterprise Development Department. Main Office | SHIRIKA COOP HOUSE, Kipande/Ngara Rd | P.O. BOX 43429 - 00100, Nairobi | Tel: 0724610715, 0734897817 Email: info@shirikasacco.co.ke, shirikasaccosociety@gmail.com © 2016 Shirika Sacco Society LTD. All Rights Reserved. Designed & Developed by Adzumi.