Join the Tumsifu family
Joining is simple and affordable. Once you're a member, you save with us, own a share of the SACCO and can borrow up to 3 times your savings.
Do I qualify?
Who can join
Frequent attendees of Karen Community Church
Membership is open to people who regularly attend Karen Community Church.
Staying active
Keep your membership active by saving a minimum of KES 500 every month.
Children (Junior Account)
Members can save for their children (up to 18 years) through a Junior Account. To open one, bring the child's basic bio-data and the guardian's details.
How do I join?
Join with KES 3,500
Fill in the membership application form, then make these payments. After full payment, you receive a membership deposit booklet and an account number that gives you online access to your account.
- 1
Registration fee
KES 1,000
One-off and non-refundable.
- 2
Share capital
KES 2,000
Your ownership stake in the SACCO.
- 3
First deposit
KES 500
The minimum to open your savings.
- 4
You're in
You receive a membership deposit booklet and an account number for online access.
Requirements
What you'll need
- Be a frequent attendee of Karen Community Church
- Completed membership registration form
- A copy of your national ID
- A passport-size photo
- A copy of your KRA PIN certificate
- Next of kin details
- Beneficiaries' details (your nominees)
- Registration fee, share capital and first deposit (KES 3,500 in total)
Fees and contributions
What it costs to become and stay a member.
- Registration fee (non-refundable)
- KES 1,000
- Share capital
- KES 2,000
- First deposit (minimum)
- KES 500
- Monthly deposit (minimum)
- KES 500
Total to join: KES 3,500. Saving at least KES 500 every month keeps your membership active.
Why should I join?
What you get as a member
Loans up to 3× your savings
The more you save, the more you can borrow.
Flexible repayment periods
From 1 month for an Instant Mobile Loan up to 48 months for a Normal Loan.
Low interest of 12% p.a.
Affordable credit for members, on every loan product.
Secure savings
Your savings are protected by a guarantor system on every credit facility.
Timely emergency loans
Quick help when the unexpected happens.
Sound financial advice
Learn and grow together on our member days.
FAQs
Questions about joining
Who can join Tumsifu SACCO?
Membership is open to frequent attendees of Karen Community Church.
How much does it cost to join?
KES 3,500 in total: a non-refundable registration fee of KES 1,000, share capital of KES 2,000 and a first deposit of at least KES 500.
How do I keep my membership active?
Save a minimum of KES 500 every month as your member deposit.
How much can I borrow, and how fast?
Loans start from KES 5,000, up to 3 times your savings, at 12% p.a. When your application is in order, the loan is paid out within one to two days. For quick cash, the Instant Mobile Loan goes straight to your phone.
What is the difference between share capital and deposits?
Share capital is your ownership stake in the SACCO. Member deposits are your monthly savings, and they determine how much you can borrow.
Who is a nominee and why do I need one?
A nominee is the person (or people) you choose to receive your savings and shares if something happens to you. You can update your nominees at any time at the office.
Can I leave the SACCO and get my savings back?
Yes. Give 60 days' written notice of withdrawal. Your deposits are refunded once any outstanding loans and guarantees are cleared, as set out in the by-laws.
How do I check my balance?
Once you join you receive an account number for online access. Log in to the Members portal, or call us on +254 732 834878.
Ready to join?
Download the form or visit us at Karen Community Church. We'd love to welcome you.