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Bandari Sacco Society Ltd

Bandari Sacco Membership

SACCO membership · Regulated by the SASRA

What is this?

A member-owned co-op. You buy share capital and save a set amount each month. Bandari DT Sacco is licensed by SASRA to take deposits.

The details that matter for this kind of plan

LicenceListed as a deposit-taking SACCO by SASRA for 2026
Minimum share capitalKES 10,500 to join; shares are non-redeemable but transferable

What does it cost you?

Bandari Sacco Society Ltd does not publish what it charges. We looked for 3 charges and found no figure for any of them:

  • · SASRA's licence register does not publish an administration, welfare or other regular charge.
  • · SASRA's licence register does not itemise the costs deducted before a surplus is declared.
  • · SASRA's licence register does not publish a registration or entry fee.

What if you stop paying?

Your deposits stay while you are a member. If you leave, they say you can get deposits back after 60 days. Shares are not paid back in cash.

What if you need the money early?

You cannot withdraw monthly deposits while you stay a member. You can ask for them when you leave, after 60 days. Share capital is not withdrawable; you may transfer it.

Who this suits

It could work for you if

You want a SACCO with clear monthly rules and you can pay at least KES 1,500 a month.

Think twice if

You need to take money out often. Members cannot withdraw deposits until they leave.

How openly does this company explain its charges?

EWon't tell you what it costs4 of 11 answered
  • What do they charge you every year?
    SASRA's licence register does not itemise the costs deducted before a surplus is declared.
  • What is taken off the money you pay in?
    SASRA's licence register does not publish a registration or entry 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 1,500.
  • How long is your money tied up?
    They do not say how long you are tied in.
  • 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. 3 charges are 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

  • · Deposits are only paid out when you leave and after a 60‑day notice. Shares are not paid out in cash; you may transfer them.
  • · Minimum monthly non‑withdrawable deposit is KES 1,500 or KES 50 a day.

Talk to them

  • If something goes wrong, the SASRA is who supervises 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.

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.

  • “Non-Withdrawable Deposits These are monthly deposits that constitute active membership to a Sacco with the minimum currently pegged at Kshs.1, 500.00 per month or Kshs.50.00 per day.”
    Bandari DT Sacco — Membership pagethe company itselfread 2026-08-22

Where we got this