Nacico Sacco Membership
SACCO membership · Regulated by the SASRA
What is this?
A member-owned SACCO licensed by SASRA. To join, you pay a one-time fee, a small monthly welfare fee, and you save each month.
The details that matter for this kind of plan
| Joining fee | KES 400 one-off |
|---|---|
| Minimum monthly deposit | KES 3,000 |
| Benevolent fund | KES 250 per month |
What does it cost you?
| Taken off each payment you make | KES 400 |
|---|---|
| Admin charge | KES 250 |
What if you stop paying?
You may fall out of good standing. You still owe any loan you took. Ask for the arrears rules before you join.
What if you need the money early?
They do not publish a notice period for getting deposits back. Ask what you get back and when before you sign up.
Who this suits
You want a licensed SACCO and you can keep up a set monthly saving.
You need quick access to your money or you cannot make a monthly deposit.
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?KES 400, taken from One-time membership 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 3,000.
- 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.
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.
“Benevolent fund (Monthly) per contributor kes 250.00”
“Membership Fee (only once) kes 400.00”
“Share contributor (Monthly) Minimum kes 3,000.00”
Where we got this
- NACICO SACCO Society – Membership application formthe company itselfRead on 2026-08-22
- Read on 2026-08-20