Smartlife Sacco Membership
SACCO membership · Regulated by the SASRA
Smartlife Sacco Society Ltd is a member-owned co-operative. SASRA licenses it to take deposits. It started in 1995.
Hear when this changes
What to watch out for
- SASRA lists this society as licensed for deposit-taking business in 2026. Its own website confirms a minimum share capital of KES 20,000 and a 60-day notice period, but publishes no entry fee, minimum monthly deposit, management charge, or dividend rate.
The details that matter for this kind of plan
- Licence
- Listed as a deposit-taking SACCO by SASRA for 2026
- Share capital
- KES 20,000 minimum, non-withdrawable but transferable
How to open this
- Open with KES 20,000
- locked in for 2 months
What if you stop paying?
The society does not say what happens if you stop paying. Ask them before you join.
What if you need the money early?
You must give 60 days written notice to leave. Your share capital is not refundable but can be transferred.
Who this suits
You want to join a licensed SACCO in Elgeyo Marakwet County. You can set aside at least KES 20,000 in share capital.
You need the dividend rate, the minimum monthly deposit, or the entry fee before you join. The society publishes none of these.
What they tell you
- What is the smallest amount you can start with?KES 20,000.
- How long is your money tied up?2 months.
- Do they say who regulates them?Yes — the SASRA. That is who you complain to.
Talk to them
- Website: smartlifesacco.co.ke
- If something goes wrong, the SASRA is who supervises them.
Compared with the others
There are 222 other plans of this kind on the board. See all 223 side by side — what each one leaves you with, and which of them will not say.
What has changed here
- 25 September 2026
- Somebody read the company's own material only a regulator's listing → researched
- Smallest lump sum to start is now KES 20,000, and was not published before
- How long your money is tied up is now 2 months, and was not published before
We started keeping this record in August 2026. Anything that changed before then is not here. The whole board's record.
What the documents actually say
Every figure above was read out of a document. These are the sentences, word for word, so you can check them rather than take our word for it.
“A member may at any time withdraw from the society by giving 60 days' written notice to the society. Members who voluntarily withdraw may re-apply for admission as long as they still qualify for membership under the terms of the society's bylaws”
“Share capital is the equity or core capital of the Sacco and represents each member's share of ownership of the Society in terms of shares.The minimum share capital for each member is Kshs. 20,000 which earns dividends for the member. This share capital is non withdrawable but transgferable upon termination of membership.”
“The minimum share capital for each member is Kshs. 20,000 which earns dividends for the member. This share capital is non withdrawable but transgferable upon termination of membership.”
“You can now join the Sacco though our membership application online or Download the membership application form here, attach your passport photo, copy of ID and a copy of KRA pin certificate.”
“Listed as a deposit-taking SACCO by SASRA for 2026”
SASRA: list of licensed and authorised Sacco societies, FY ending 31 Dec 2026the regulatorread 2026-09-16
Where we got this
- Read on 2026-09-16
- Read on 2026-09-25
- Smartlife Sacco Society Ltd — FAQ page with membership termsthe company itselfRead on 2026-09-25
- Read on 2026-09-25
- Smartlife Sacco Society Ltd — BOSA loan productsthe company itselfRead on 2026-09-25
- Smartlife Sacco Society Ltd — homepage and about pagethe company itselfRead on 2026-09-25
- Smartlife Sacco Society Ltd — homepage and about pagethe company itselfRead on 2026-09-25