Become a Member
As a leading financial cooperative, GDC SACCO offers a comprehensive suite of products and services designed to cater to the diverse financial needs of individuals, groups, and corporations. Our membership is open to all Kenyan citizens, both residents and non-residents. Experience the exceptional benefits of joining GDC SACCO and secure your financial future with a trusted and reputable partner.”
Group
Account
Individual Account
GDC SACCO requires members to maintain an active membership by making regular contributions. These contributions serve as security for member loans, guarantees for other members, and also earn interest.
| Category | Registration Ksh | Share Capital Ksh | Min. Monthly Savings Kshs |
|---|---|---|---|
| Imara (employees under check – off) | 500 | 25,000 | 1000 |
| Meridian (individual employees) | 500 | 25,000 | 1000 |
| Business persons | 500 | 25,000 | 1000 |
| Group | 500 | 25,000 | 1000 |
| Diaspora | 500 | 25,000 | 1000 |
| Corporate | 500 | 50,000 | 1000 |
Member Contributions
Members can make contributions by placing a monthly standing order, by cash, and/or PAYBILL number 639498.
Member Deposits Contributions
Members’ deposits serve multiple purposes within the SACCO. They act as security for loans, can be used to guarantee another member’s loan, and earn interest for the depositing member. To maintain active membership, members are required to make regular monthly contributions towards their deposits.
Share capital
Share capital is a long-term contribution invested by members, representing their ownership in the SACCO. Each member is required to pay the minimum share capital of KES 5,000 before being eligible to access any credit facilities.
Members deposit boosting
Members can increase their deposits through lump-sum contributions. However, the deposited amount must remain in the SACCO for a minimum of six months before the member becomes eligible to apply for a credit facility.
