Every applicant for membership shall complete an “Application for Membership” form. This form may be drawn so as to show all the information required for the purpose of a Register of Members. The completed form, when filed in serial order, shall constitute the Register Of Members as required under the Rules.
An applicant shall be admitted to membership on being accepted by a duly appointed membership officer who shall submit monthly reports on new members which shall be ratified by the board of directors. New admitted members shall not qualify for the rights and privileges of membership until he/she has paid the minimum par value of a share and any other fee that may be established by the Board of Directors. The potential member shall furnish a copy of the National Identity Card and Nominee form or any other authenticated identity. The application form, when filed shall constitute the register of members as required under the SACCO Act 2008.
An applicant shall access loan service having contributed shares continuously for a period of not less than six months.