How to Join Bandari SACCO

Bandari SACCO Membership: Who Can Join and What You Need

Established in 1975, Bandari SACCO has grown to become one of Kenya’s leading deposit-taking SACCOs, boasting an asset base of over Ksh 12 billion and serving more than 18,000 members. Its mission is to enhance the financial stability and well-being of members by encouraging saving and offering access to credit at favorable rates.

This guide outlines who is eligible to join Bandari SACCO, the membership structure, and the specific requirements for opening various account types.

Who is Eligible to Join Bandari SACCO?

Membership is open to any Kenyan who meets the basic registration requirements. Whether you’re an individual, business, group, or organization, you can become a member by completing the necessary application forms and providing valid identification documents such as a copy of your national ID and a recent passport-sized photo.

Membership Structure

To become an active member of Bandari SACCO, the following components are essential:

1. Share Capital

This is a compulsory investment for all members.

Minimum investment: Ksh 10,500.
Contributions can be made in a lump sum or through monthly installments (subject to SACCO approval).
Share capital earns annual dividends but is non-refundable upon withdrawal of membership.

2. Non-Withdrawable Deposits

These monthly contributions form part of your active membership status.

Minimum contribution: Ksh 1,500 per month or Ksh 50 per day.
Withdrawals are only allowed upon formal resignation and a 60-day notice period.
These deposits act as collateral when applying for loans.

3. Ordinary Savings Account

This is the operational account used for deposits and daily transactions.

Funds can be transferred to deposit and share capital accounts.
Comes with access to mobile banking, ATM, USSD services, and internet banking.
Compatible with Paybill payments for convenient deposits.

Account Opening Requirements

Depending on your status—individual, group, or business—the following documents are required when opening an account:

1. Personal Savings Account

Copy of National ID
Completed account opening form
Passport-sized photograph

2. Group / Chama Account

Certificate of registration
Group constitution
Official minutes stating the intention to open an account with Bandari SACCO
ID copies of the group’s officials
Member register with names, ID numbers, contact details, and signatures
Photos of officials will be taken at the SACCO during registration

3. Sole Proprietor Account

National ID
KRA PIN
Business registration certificate

4. DAU Junior Savings Account

Parent or guardian’s ID
Child’s birth certificate
Completed junior account application form
Parent/guardian must already hold an account with Bandari SACCO

5. Limited Company Account

Certificate of incorporation
Company KRA PIN
Directors’ ID copies and KRA PINs
Board resolution (on company letterhead, sealed)
Memorandum and Articles of Association

6. Society / Club Account

Registration certificate
Board resolution minutes
Authorized signatories’ ID copies and photos
Clear signing mandate

Bandari SACCO Contact Details

Head Office Address:
Bandari SACCO Building, Moi Avenue, Mombasa

Phone Numbers:
0724 002 525
0735 336 685

Final Thoughts
Bandari SACCO offers an inclusive and structured path to financial security for individuals, groups, and businesses. Whether you’re looking to save, access credit, or grow your investments through dividends, joining Bandari SACCO is a reliable and practical step toward financial empowerment.