+254 748 368 998
customercare@jhpsacco.org
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Membership

Why Join JHP SACCO?

Become part of a financial community that prioritizes your growth and development

Competitive Returns

Earn dividends on shares and interest on deposits at the end of every financial year based on the SACCO's performance.

Affordable Loans

Access loans up to 3 times your Savings and 6 times your shares with interest rates as low as 5% per month on reducing balance.

Financial Security

Your savings are secure with us. We have never recovered any default loans from any member since establishment.

Who Can Join?

JHP SACCO membership is open to everyone - individuals, groups, and corporate organizations. Whether you're an employee, self-employed, or part of a chama, we welcome you to join our financial community.

Group Membership

Chamas and corporate groups can join collectively. One member of the group must be an existing SACCO member to facilitate the process.

Individual Membership

Open to all individuals regardless of employment status. You can join as an individual member with minimal requirements.

Membership Requirements

  • Completed membership application form
  • Copy of National ID
  • Copy of KRA PIN certificate
  • Passport-sized photograph
  • Registration fee: KES 1,000 (individuals) / KES 2,000 (groups)
  • Minimum share capital: KES 50,000 (100 shares at KES 500 each)
  • Minimum monthly savings: KES 2,000

Understanding Share Capital & Deposits

Share Capital

Share capital represents your ownership in the SACCO. It's the core capital that enables the SACCO to operate and grow.

Key Features:
  • Minimum requirement: 100 shares at KES 500 each (KES 50,000 total)
  • Must be met within 12 months from joining date
  • Attracts dividends at the end of the financial year
  • Non-refundable but transferable to existing members

Deposits/Savings

Deposits are your regular savings that determine your loan eligibility and earn interest.

Key Features:
  • Minimum monthly contribution: KES 2,000
  • Used to determine loan eligibility (up to 3 times savings and 6x your shares)
  • Can be used as loan security
  • Withdrawable when ceasing membership
  • Earn interest at the end of the financial year

Loan Eligibility for Members

Qualification Period

Members qualify for loans only after meeting the following requirements: Having paid the minimum share capital of KShs. 50,000 at the time of application, and having saved consistently for at least six months.

Loan Amount

Members are allowed to use their shares and can borrow up to six times their shares and three times their savings.

Guarantor Requirements

All loans must be guaranteed by active members with up-to-date savings. Members with sufficient deposits or property under JHP Housing may self-guarantee their loans, provided the value fully covers the loan amount.

Why Choose JHP SACCO?

Compare our offerings with other financial institutions

Feature JHP SACCO Other SACCOs Banks
Registration Fee KES 1,000 KES 1,000 - 2,000 N/A (Account opening fees vary)
Minimum Monthly Savings KES 2,000 KES 1,000 - 5,000 N/A
Loan Interest Rate (p.a.) 5% - 9% 12% - 15% 18% - 24%
Loan Processing Time Within 24 hours 3-7 days 7-14 days
Returns on Savings Dividends + Interest Interest only Minimal interest

Ready to Join?

Fill out the form below to express your interest in joining JHP SACCO. Our membership team will contact you with the next steps and required documentation.

What Happens Next?
  • We'll contact you within 24 hours
  • Schedule a meeting to complete your application
  • Provide guidance on required documents
  • Assist with the registration process
Need Immediate Assistance?

Call us at +254 748 368 998

JHP SACCO Logo

Promoting members' growth and development by providing real-time financial solutions, empowering them both economically and socially.

Address

Naivasha Road, McGregor One Building, 1st Floor
P.O Box 27731 - 00100 Nairobi

+254 748 368 998

customercare@jhpsacco.org

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Licensed by Ministry of Co-operatives & SACCO Societies Regulatory Authority