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Kimisitu DT Sacco

Kimisitu Sacco Membership

SACCO membership · Regulated by the SASRA

What is this?

You join a co-op owned by its members. You pay KES 1,000 to register, build KES 30,000 of shares, and save at least KES 2,000 a month. The surplus is shared each year — but the site does not say at what rate.

The details that matter for this kind of plan

Declared ratesNot published on its site
What it takes to joinKES 30,000 of shares, KES 1,000 fee; save KES 2,000 a month
Leaving60 days' notice free — or two weeks for 10% of your deposits
Your sharesStay behind, keep earning, and can be sold to another member
Who can joinAnyone 18 and over, companies and chamas

What does it cost you?

Taken off each payment you makeKES 1,000
Charge for taking money out10%
Yearly charge on your moneynot disclosed
  • · A co-op has no management fee in the fund sense; its running costs come out of the surplus before the rate is declared, and are not itemised for members on these pages.

What if you stop paying?

Your shares and deposits stay and keep earning what is declared. Loans need you in good standing.

What if you need the money early?

You leave on 60 days' notice, free. In a hurry, two weeks costs 10% of your deposits. Shares stay and can be sold to another member.

Who this suits

It could work for you if

You want clear joining terms in writing and loans against your savings, and you will ask what last year paid.

Think twice if

You want the declared rate before you join. It is not on the site.

How openly does this company explain its charges?

CLeaves real gaps9 of 14 answered
  • What do they charge you every year?
    A co-op has no management fee in the fund sense; its running costs come out of the surplus before the rate is declared, and are not itemised for members on these pages.
  • What is taken off the money you pay in?
    KES 1,000, taken from joining, once, as a registration fee.
  • What does it cost to get out early?
    No exit penalty is printed in the sources we checked.
  • What is the smallest amount you can start with?
    KES 2,000.
  • How long is your money tied up?
    2 months.
  • Is the advertised return before or after their charges?
    This product does not advertise a return.
  • Do they warn you the return is not guaranteed?
    This product does not advertise a return.
  • Do they tell you what you get back if you stop early?
    You get whatever your money is worth on the day. There is no schedule.
  • Do they list what is not covered?
    This is not insurance, so there is nothing to exclude.
  • Are all their charges published?
    No. 1 charge is mentioned without a figure.
  • Do they say who regulates them?
    Yes — the SASRA. That is who you complain to.

This grades how openly things are explained, not whether the plan is good or bad. See how we work it out.

Things to know before you sign

  • · No declared dividend or deposit rate appears on the site. The newest accounts it posts are for 2018.
  • · To join: KES 1,000 fee, KES 30,000 of share capital, KES 2,000 a month (KES 10,000 for companies and chamas). Shares are non-withdrawable but transferable.
  • · Leaving takes 60 days' notice. The process can be cut to two weeks at a commission of 10% of current deposits.
  • · Loans need six months' membership and KES 18,000 saved; most cost 1% a month on the reducing balance.
  • · Kimisitu is entry 71 on SASRA's 2026 register. The pages read do not name its regulator.

Talk to them

Compared with the others

There are 17 other plans of this kind on the board. See all 18 side by side — what each one leaves you with, and which of them will not say.

Where we got this