How do youbecome a member of KUSCCO?
a) The membership of the Union shall consist of:-
 i. Registered Savings and Credit Co-operative Societies (SACCOs)

b) A registered SACCO desiring to become a member of the Union shall make an application for membership by submitting to the Directors:-
i. A certified copy of the resolution passed at a Delegates Meeting of the society authorizing the application for the Union membership.
ii. Payment for at least one hundred Union shares, each worth Kshs 100
iii. Affiliation fee of Kshs. 1,000
iv. A certified copy of the Registration Certificate

c) All applications for Union membership shall be approved by the Union's Delegates Meeting.
Annual Subscription?
From above:
Each member shall pay to the Union, within the first three months of each year, annual subscription in accordance with the rate or formula set by members at the last Annual Delegates Meeting of the Union.
What is a cooperative society?

A cooperative society is an organisation of people who have voluntarily come together for the purpose of solving their socio-economic problems through self-help initiatives, mutual support and investment ventures aimed at equally benefiting the group/members.
What are some of the cooperative societies in Kenya?
The most common types of cooperatives in Kenya are:

•    Savings and credit cooperatives

•    Housing cooperatives
•    Consumer cooperatives
•    Transport cooperatives
•    Marketing cooperatives
•    Horticulture cooperatives
•    Handicraft cooperatives
•    Industrial cooperatives
•    Building and construction cooperatives
•    Service cooperatives
•    Multi-purpose cooperatives

What is a savings and credit cooperative (SACCO)?
This is a cooperative whose objective is to pool savings for its members and in turn provide them with credit facilities. SACCOs also aim at encouraging thrift amongst their members and to guide them on prudent financial management and investment practices.
What are the guiding principles of cooperatives?
The main principles of the cooperative movement are:
• Voluntary and open membership
• Democratic member control
• Members economic participation
• Autonomy and independence
• Education, training and information
• Cooperation and mutual support among the cooperatives
• Concern for the community
Who is eligible to be a member of a cooperative society?
To join a cooperative society, you must fulfill the following conditions:
• Be 18 years and above
• Have a common bond with other members of the cooperative society
• Be of good character
• Be of sound mind
• Agree to abide by the Cooperative Societies Act, Rules and By-laws of respective cooperative society
Is it possible to lose your cooperative society membership?
Membership may be lost in the event of:
• Expulsion in accordance to your cooperative society’s by-laws
• Death
• Unsound mind
• Voluntary withdrawal or resignation from your cooperative society
• Collapse or dissolution of your cooperative society
What are some of the rights of cooperative society members?
As a member of a cooperative society, you are entitled to a number of rights, including the right to:
• Attend general meetings and vote
• Get a share of surplus income at the end of each year
• Inspect your society’s books of account
• Apply for loans, in the case of SACCOs
• Approve, reject or defer budget
• Participate in amending the society’s by-laws
• Fix borrowing powers of the society
What are the responsibilities of a cooperative society member?
Some of your responsibilities as a member are:
• Attending members’ education days
• Adhering to your society’s by-laws
• Liability for your society’s debts incurred as a member and up to 2 years after ceasing to be a member
• Encouraging potential members to join your society
What are the duties of a management committee?
The management committee is the governing authority of a SACCO and is subject to any directives of a general meeting. Among other responsibilities, the committee has a duty to:
• Adhere to the Cooperative Societies Act, Rules and By-laws and prudent business practices in all its activities and undertakings
• Determine the interest rates on loans, subject to the society’s by-laws
• Ensure the keeping of true and accurate records of account
• Recommend to the annual general meeting, the dividend rate to be paid on shares, and the interest and refund payable to borrowers
• Authorise investments by the society
What requirements must one fulfill to qualify for a cooperative loan?
The loan policy followed by cooperative societies is issued by the Commissioner for Cooperative Development. Some of the requirements by the existing policy are:
• A society must have been in existence for at least 6 months (from the date of registration), for its members to qualify for cooperative loans
• You must have been a member of a cooperative society for at least 6 months to qualify for a loan
• Only members who would have contributed a minimum of Ksh 600 in shares or deposits can qualify for a loan
• The society’s books of account must be up to date for its members to qualify for loans
Can I qualify for a loan based on one-off savings or contributions outside a check-off system?
Savings and contributions outside a check-off system must remain in the society for at least 6 months for you qualify for a loan.
What if the demand for loans by members is more than the funds available for lending?
When demand for loans is more than the available funds, short-term loans will be given preference. However, at all times, smaller loans will always get a priority over larger ones.
What type of loans can I qualify for?
The main types of loan available to SACCO members are:
• Ordinary loans
• School fees loans
• Emergency loans
• Refinance loans
What are the maximum limits of the different loan types available in KUSCCO and their repayment periods?
Loans are given either two and half times or three times the amount of SACCO savings, while repayment period ranges from 12-48 months, depending on the loan type under the Central Finance Fund Product. However, under KUSCCO Housing Fund where loans are extended to individuals and not SACCOs, the loan is given five times a member’s savings and repayment period is three to 15 years.
Do I need to have security for the SACCO loans?
Any loan which is more than a member’s savings must be guaranteed. In the case of long-term loans such mortgages advanced by the housing fund, the title of the land or house may be used as collateral to secure the loan.
In the event of a SACCO collapsing or winding up, will I lose my savings or be exempted from paying outstanding loans?
The SACCO Societies Act of 2008 established the Deposit Guarantee Fund which provides for the protection of members’ deposits up to an amount of Ksh 100,000 per member in the event of collapse.
What requirements must cooperatives meet in order to invest?
Cooperative investment policy guidelines dictate, among other things, that:
• A society should have records of resolutions and minutes of an annual general meeting, or annual delegates meeting, or special general meeting or special delegates meeting expressing members’ desire to invest
• There should be a valuation report once authority to invest is granted by the Commissioner of Cooperative Development
Can you join a cooperative if you are unemployed or self-employed?
Yes, you can join a co-operative as long as your income allows you to save regularly.
For those who are employed, how do you go about joining a cooperative if there is none at your workplace?
You can approach SACCOs like the KUSCCO SACCO called ‘Kilele SACCO’ that has an open common bond.
How can KUSCCO benefit individual members?
Individual members can benefit from the KUSCCO Housing Fund through loans to finance construction, outright purchase or renovation of houses.
Can I borrow money from KUSCCO as an individual?
You can only borrow money from KUSCCO as an individual through the KUSCCO Housing Fund. You however need to be a member of a SACCO that is affiliated to KUSCCO
Am I eligible to be a member of a cooperative in Kenya if I reside and work outside the country?
Yes you are eligible as long as you fulfill the requirements listed above for membership
How can KUSCCO help in the event of squabbles between members or management of a cooperative?
KUSCCO, through the education and training department, organises tailor-made courses for SACCO boards, management and members through Member Education Days to enlighten them on their rights and obligations, best governance practices, as well as team building.
How can KUSCCO benefit cooperatives in Kenya?
We have a number of products designed specifically for cooperatives in Kenya. These products include the Central Finance Fund, Risk Management Services, the Housing Fund, Information Technology, Field Services and Advocacy, Education and Training, and Consultancy and Compliance
Which are some of the main cooperatives in Kenya with a national representation?
The main nationwide cooperative organisations in Kenya are:
• Kenya Union of Savings and Credit Cooperatives (KUSCCO)
• National Cooperative Housing Union (NACHU)
• New Kenya Cooperative Creameries
• Co-operative Bank of Kenya
• Co-operative Insurance Company (CIC)
• Co-operative Development Information Centre (CODIC)
• Co-Operative Alliance of Kenya (CAK)

ISO 9001

KUSCCO has attained the highly coveted ISO 9001:2008 certification. The award represents KUSCCO’s commitment to the continuous improvement of service efficiency and effectiveness, customer satisfaction and superior performance in all business operations. This will also enable KUSCCO to compete effectively and to broaden its market outreach in the broader financial market.