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INFORMATION QUESTIONS
FREQUENTLY ASKED QUESTIONS
How do I become a member of Jiunge Upate SACCO?
Complete our membership application and deposit Kes. 3,000 to open your share account (which includes a Kes. 1,000 membership fee)
Who is eligible to join Jiunge Uoate SACCO?
Membership is available to every member of the public including the staff of Jiunge Upate SACCO.
What is the difference between share capital & savings
- Share Capital: Represents your ownership stake in the SACCO. It is non-withdrawable (but transferable). It also earns dividends.
- Savings: Regular contributions that earn an interest. These funds determine your eligibility for borrowing and are withdrawable after meeting the set conditions.
What do I need to qualify for a loan?
You must be a member in good standing for at least 6 months, meet the required savings contributions and provide the necessary documentation.
How long does loan approval take?
Loan approvals can be as quick as the next day or within a week depending on the application and guarantor confirmations.
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