Joining Good Faith Sacco: Eligibility and Member Benefits

Overview

Good Faith Sacco began as a self-help group on October 10, 1996, founded by eight Christian members of the Full Gospel Churches of Kenya in Githirioni. United by a vision to create a faith-based institution for pooling resources, the Sacco aimed to foster savings, reduce poverty, and enhance members’ quality of life. Officially registered on November 21, 2001, as Good Faith Sacco (certificate No. 9709), it is now a licensed deposit-taking cooperative under the Sacco Societies Regulatory Authority (SASRA). With an asset base exceeding KES 70 million and a membership of approximately 2,500, the Sacco operates from its head office in Uplands, Nyambari, Kiambu County.

Who Can Join?

Good Faith Sacco welcomes a diverse membership, including:

Farmers
Business owners
Investment groups
Pensioners
Salaried employees

This open membership policy ensures inclusivity for individuals and groups seeking financial empowerment.

Membership Requirements

The Sacco offers three membership categories, each with straightforward requirements:

Individual Membership

Complete a membership application form
Submit a copy of a National ID and KRA PIN certificate
Pay a one-time registration fee of KES 600

Joint Membership

Complete a membership application form
Provide copies of National IDs and KRA PIN certificates for both applicants
Pay a one-time registration fee of KES 600

Group Membership

Complete a group membership application form
Submit copies of National IDs and KRA PIN certificates for authorized signatories
Provide group minutes resolving to open an account with Good Faith Sacco
Include a group registration certificate
Pay a one-time registration fee of KES 600

Membership Benefits

Joining Good Faith Sacco provides:

Access to affordable loans with competitive interest rates
Diverse savings accounts tailored to individual, group, and youth needs
Investment opportunities through Sacco shares
Financial empowerment rooted in community and faith-based values
Support for personal and business growth

Financial Products and Services

Good Faith Sacco offers a range of Front Office Service Activity (FOSA) and Back Office Service Activity (BOSA) products to meet members’ financial needs.

FOSA Accounts

Savings Account: General-purpose savings
Group Account: For chamas or collectives
Boda Boda Account: Tailored for boda boda operators
Joint Account: For shared financial goals
Fixed Deposit Account: High-yield savings with fixed terms
Junior Account: Savings for children
Institution Account: For organizations

FOSA Loans

Biashara Loan: For business expansion
Payslip Loan: For salaried employees
Asset Finance Loan: For acquiring assets like vehicles or equipment

BOSA Products

Savings

BOSA Savings: General savings for loan eligibility
Sacco Shares: Minimum 500 shares at KES 20 each, earning dividends

Loans

Normal Development Loans: For personal or business development
School Fees/Education Loans: For educational expenses
Emergency Loans: For urgent financial needs

Contact Information

For inquiries or to begin your membership journey, contact Good Faith Sacco:

Head Office: Uplands, Nyambari, Kiambu County
Phone: 0711 263 398 / 0734 824 022
Email: Not provided; visit the Sacco’s website or office for further details