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Wanandege Sacco Society Ltd

Wanandege Sacco Membership

SACCO membership · Regulated by the SASRA

A member-owned co-op licensed by SASRA to take deposits. To be a full member you must hold at least KES 50,000 in share capital.

Hear when this changes

What to watch out for

  • Official website in the by-laws: www.wanandegesacco.com.
  • If your share capital is below KES 50,000, their FAQ says KES 650 a month will be deducted from June 2026 to June 2028 to reach it.

The details that matter for this kind of plan

Licence
Listed as a deposit-taking SACCO by SASRA for 2026
Minimum share capital
KES 50,000 to be a full member
Share terms
Shares are non-refundable; can be transferred. Share transfer fee KES 1,000 (paid by transferee).
Dividend rate
10% per annum on share capital

How to open this

  • Open with KES 50,000
  • then KES 650 a month

What does it cost you?

Admin chargeShare transfer (payable by transferee)KES 1,000
Taken off each payment you makeEach payment madeNothing

What if you stop paying?

They do not publish what happens if you pause your monthly deposits. Ask before you join.

What if you need the money early?

Your shares do not come back in cash. You can transfer them to another member. A KES 1,000 transfer fee applies. Ask how long deposits take to come back.

Who this suits

It could work for you if

You want a licensed SACCO and you can build up share capital to KES 50,000. You are okay that shares are not paid back in cash.

Think twice if

You want your share capital back in cash. You need deposit rules and timelines in writing.

What they tell you

  • What is taken off the money you pay in?
    Nothing. They state there is no charge here.
  • What is the smallest amount you can start with?
    KES 650.
  • Are all their charges published?
    Yes, every charge they mention has a figure against it.
  • Do they say who regulates them?
    Yes — the SASRA. That is who you complain to.

Talk to 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

  • 30 September 2026
    • Taken off each payment you make is now 0%, and was not published before
  • 30 September 2026
    • Smallest monthly payment is now KES 650, and was not published before
  • 22 August 2026
    • Somebody read the company's own material only a regulator's listing → researched
    • Smallest lump sum to start is now KES 50,000, and was not published before
    • Admin charge is now KES 1,000, 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.

Where we got this