Wanandege Sacco Membership
SACCO membership · Regulated by the SASRA
What is this?
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.
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). |
What does it cost you?
| Admin charge | KES 1,000 |
|---|
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They do not publish what happens if you pause your monthly deposits.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
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.
You want your share capital back in cash. You need deposit rules and timelines in writing.
How openly does this company explain its charges?
- What do they charge you every year?No yearly charge is printed in the sources we checked.
- What is taken off the money you pay in?They do not say how much of each payment is taken before it is invested.
- 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 50,000.
- 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?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.
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
- · 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.
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.
“All transfers of shares shall be registered with the society and no transfer shall be valid unless so registered. A fee of Kshs1,000.00 shall be payable by the transferee.”
Wanandege Sacco Society Ltd By-Laws (PDF) — Registered website and share transfer rulesthe company itselfread 2026-08-22“Following the approval given during the 49th Annual Delegates Meeting the minimum Share Capital one should have as a member of Wanandege Sacco Society Ltd is Kes. 50,000.”
Where we got this
- Read on 2026-08-20
- Wanandege Sacco Society Ltd By-Laws (PDF) — Registered website and share transfer rulesthe company itselfRead on 2026-08-22
- Share Capital FAQs (PDF) — Minimum share capital and treatmentthe company itselfRead on 2026-08-22