Membership Requirements

MINIMUM KYC REQUIREMENTS FOR ACCOUNT OPENING IN NG’ARA MAISHA SACCO

Individual Accounts-Local

  • Identification document e.g. National ID, Passport, Alien ID, Military ID ( Photocophy)
  • KRA PIN
  • Pass port size photo
  • Dually filled membership form
  • Registration fee ksh 500

Toto Junior

  • Parent/Guardian Identification as above and KRA PIN
  • Child birth certificate

Welfare Groups i.e.  Self Help Groups, Community Based Organizations

  • Identification documents for Officials-Chairman, Treasurer, secretary, Vice-chairman and any other.
  • Pass port size photo for all members
  • Group registration certificate from social service department which should bear a signature.
  • Introduction letter from Sub/County social service office introducing the Officials-Ensure it is signed and stamped.
  • Minutes of meeting by the group members where they resolved open account with Ng’ara Maisha Sacco -need to be signed by the 3 officials. In addition, the group name, date of meeting, place and time need to be clear on the heading. Also should capture names of members who attended.
  • By-laws of the group-should be signed by the 3 officials.
  • Dually filled group membership form
  • Registration fee ksh 2,000

Cooperative Societies

  • Identification documents for signatories i.e. chairman, treasurer, secretary and any other.
  • Signatories passport size photo.
  • KRA PIN certificates of above signatories
  • Registration certificate and KRA PIN for the society.
  • Introduction letter from County director of cooperatives-introducing above signatories-should be signed and stamped.
  • Minutes/Resolution of meeting of management committee resolving open account with VAS-signed by the officials and stamped.
  • By-laws of the society-should be clear they are for the said coop society and signed by officials.
  • Dually filled membership form
  • Registration fee ksh 2,000

Registered Business

  • Identification documents and KRA pins for signatories.
  • Signatories passport size photo
  • Registration certificate of which registered owner(s) indicated should be the signatory(ies)
  • Dually filled membership form
  • Registration fee ksh 2,000

Note: If one of the signatory’s name does not appear on the registration certificate, introduction letter from registered owner should be obtained to introduce him as a signatory. In addition, if the certificate indicates more than one registered owner, all the owners should be present to sign application form.

LIMITED COMPANY

Registered in old companies Act before 2015

  • Identification documents for signatories + their KRA PINs
  • Signatories passport size photos.
  • Registration certificate of the company + its KRA PIN
  • Company board resolution resolving open account with VAS-Signed by directors-should be on letter head/or stamped/or bearing company seal
  • Copy of Memorandum and Articles of Association
  • CR12
  • Registration fee ksh 2,000

Registered under New Companies Act i.e. 2015 and after

  • Identification documents for signatories + their KRA PINs
  • Signatories passport size photos
  • Registration certificate of the company + its KRA PIN
  • Company board resolution resolving open account with VAS i.e. for those with more than 1 director –and should be on letter head/or stamped/or bearing company seal
  • CR2-Memorandum of association
  • CR8-Notice of residential address of the directors
  • CR12
  • Registration fee ksh 2,000

CHURCHES

  • Identification Documents for officials+ KRA PIN
  • Officials passport size photos
  • Church registration certificate
  • Minutes of church committee resolving open account with VAS-signed and stamped.

Note: For church branches where persons opening account are not the registered official(s), an introduction letter from Pastor/Vicar/father/church leader should be obtained.

  • Copy of the constitution
  • Registration fee ksh 2,000

SCHOOLS

Private Schools

  • Identification document for the signatory(ies)
  • Signatories passport size photos
  • KRA PIN for signatories
  • Registration certificate which can be registered business name certificate or limited company registration certificate (As above). For school registered as limited company, requirements for limited companies are applicable.
  • If registered as limited company, then KRA PIN for school should also be obtained.
  • Registration fee ksh 2,000
  • Certificate from ministry of education approving the school.

Note: The signatories are the registered business owner as per registration certificate or CR12 and not school manager.