How to Join
Becoming a member is easy! You can complete the online application form or download, print, complete then email the application form to: info@gfcsacco.com
Once the committee has approved your application, an account will be opened for you and login and membership details emailed. You can then start contributing money into your Sacco Savings Account.
Becoming a member:
Individual membership
- Provide a duly completed registration form
- Be a Kenyan citizen over 18 years old
- Provide a valid Kenyan National ID Kenyan or Passport
- Provide a coloured passport size photograph
- Complete the nominee form
- Pay one off non-refundable registration fee of Ksh.5,000
- Buy a minimum of four (4) shares of Ksh.10, 000 each.
- Maintain a minimum monthly contribution of Ksh.11,000
- Recommendation by an active of {The Famous GFC Sacco Ltd} known to you
Corporate Membership
- Duly completed registration form;
- A passport size photograph for each office bearer
- Business registration/Incorporation certificate from registrar of companies in Kenya
- The company KRA PIN and VAT Certificate
- Evidence of company bank account
- Yearly audited accounts
- Declaration of interest by the company shareholders in other Sacco’s or individual members within the The Famous GFC Sacco Society LTD
- Resolutions/minutes to enter the Sacco
- Pay non-refundable registration fee of Ksh.10,000
- Buy a minimum of four (4) shares of Ksh.10, 000 each
- Maintain a minimum monthly contribution of Ksh.12,000 which includes Kshs.2,000 monthly administration charge
- Recommendation by an active of {The Famous GFC Sacco Ltd} known to you
The benefits
- Regular Savings – Through your monthly savings it will be possible to invest in property development, personal, emergency, education or any other needs in future.
- Own property – when no bank in Kenya will listen to you, buying property in Kenya becomes a reality through your Savings.
- Create wealth – through group investment opportunities you have a chance to invest where it could have been impossible to go alone.
- Higher returns on investments – by investing together as a group in various large capital development projects.
- Passing on wealth through inheritance – A chance to give your family or appointed next of kin a head start in life.
- Growth – Your saving balance grows with the Sacco through interest earnings and dividends.
- Security – your money is always safe in the Sacco as we’re regulated and supervised by SASRA, in accordance with the Cooperative Act of the laws of Kenya.
- Strong voice – as a member of this Sacco, everyone voice matters.