GROWING AND PROTECTING YOUR WEALTH

GOODLIFE SACCO SOCIETY LTD there to empower wealth creation through provision of saving and credit co-operative society model to rural and urban communities.

CORE PRINCIPLES

  • Honesty- to act in uttermost honesty Security -to protect the wealth of our stakeholders
  • Efficiency -to promptly serve our customers and act in their best interest Transparency and accountability- to communicate and educate our stakeholders
  • Open and Voluntary membership
  • Autonomy and independence

WHO CAN JOIN THE SACCO?

  • Business people, employed retired
  • Co-operative groups e.g. self-help groups, welfare groups, women groups, schools
  • People in informal employment (casual laborers)

MEMBERS REQUIREMENT

To be a member of Good Life Sacco Ltd one must;

  • Be of sound mind
  • Must have attained  18 years of age
  • Be economically active, entrepreneurial minded and interactive
  • Be ready to abide by the By-Laws, rules and regulations of the Sacco
  • Repayment in 3 months
  • Affordable interest rates
  • Issued to active members only

HOW TO JOIN

  • Complete membership application forms
  • Pay registration fee of Ksh 1000/=
  • Purchase ten (10) initial shares each at Kshs 100/= totaling to Kshs 1000/=
  • Submit copy of National ID (both sides)
  • Submit two colored passport size Photos
  • Corporation, CBO, or other SACCOs must submit a copy of registration

CONTRIBUTION

  • Minimum mandatory contribution by all members of Kshs 1000/=

GENERAL LENDING REQUIREMENT

  • For a member of society to qualify for a loan he/she must have been in the society for not less than 6 months
  • Maximum loan shall not exceed 3 times of the savings

GUARANTEE
The society shall ensure that;

  • All loans are fully guaranteed by all members of a subgroup to which a member belongs
  • The obligation of the previous guarantors shall cease upon change of guarantors subject to new guarantors being accepted by the society

Development Loan
Emergency Loan
School Fees Loan
Holiday Loan