The corporate membership is open to all catholic based institutions/organisations.
- Registration fee of Kshs 5,000 (non refundable)
- Share capital- Kshs 30,000 (Share capital is non-refundable but transferable to another Institution/Individual)
- Introduction letter/minutes with a resolution to open an account.
- Recommendation letter from a Bishop or his representative/ congregation head where applicable.
- Form duly filled with authorised signatories details
Benefits of Joining Waumini Sacco
- Quick salary/payroll processing.
- Quick loan processing and disbursements
- Affordable and competitive interest rates for loan products.
- Short savings period of 3 months.
- Flexible and longer repayment period of 5 years
Securities/Collateral used for Institution Loans
- Savings in FOSA
- Share Certificates at Nairobi Stock Exchange (NSE)
- Log books.
- Title deeds
- Fixed deposits with guarantee from the Institution.