How do I apply for a loan?
A prescribed Loan Application form must be fully completed | A 3 months bank statement ID copy | Latest payslip | Proof of residence (not older than 3 months) All the above documents must be submitted to the SACCO office from Monday to Wednesday and once approved transfer will be made on Thursday to the members bank account.
FAQ?
A savings and credit co-operative owned and run by its members, offering convenient and interest bearing savings products and low cost loans. Savings and credit co-peratives (SACCOs) are authorised and regulated by the Co-operative Banks Development Agency (CBDA) and operate within a statutory framework.
SACCOs are one step for becoming fully-fledged co- operative banks which are regulated under the Co-operative Banks Act. Legally, the members of a savings and credit co-operative must have something that joins them together – the ‘common bond’ – ours is membership of NEHAWU Trade Union.
Only members, employees and institutions (e.g. NEHAWU Investment Holdings) of NEHAWU are eligible to join.
Opportunities
The co-op is now creating a network of volunteer coordinators at the workplace level where our union is organised.
The goal is to ensure that the co-op reaches its targeted members by the end of year.
The role of the branch co-ordinator:
• Providing co-op membership information;
• Handing our applications;
• Handling requests for loans and savings applications;
