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You Borrow Against Your Savings A general rule for most Saccos is that you are only eligible for a maximum loan that is equivalent to three times your savings. So, if say you have Ksh100,000 in savings, then the maximum loan you can borrow is Ksh300,000.
Requirements A filled membership application form. A copy of National ID /Passport. A filled Nominee card. Two (2) passport size photos. 1, 700/= entrance fees; Sacco Registration- Kshs. 1,000. FOSA Account opening- Kshs. 500. Burial Benevolent Fund registration- Kshs. 200.
Tembo SACCO provides for open membership for anyone who meet the following Requirements: Must be a person of 18 years and above, either employed or self-employed carrying out a legal activity in Kenya. Must duly complete the membership application form and the nominee Form. Must have a copy of the national ID.
SACCOs have until now been sharing names of own loan defaulters with credit reference bureaus (CRBs), but they have not had access to the records of bad borrowers since the law allowed only banks to view the information.
At a minimum, SACCOs offer savings accounts and loans. Deposit-based loans are usually sized at three to four times the amount of the member's savings held at the SACCO. What makes the model unique is that loans are secured by the members' deposits, and oftentimes by guarantees from other members too.

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Tembo SACCO has shown a tremendous financial growth over the years with an asset base of over 2.7 Billion serving over 4000 members. What is our Mission? We create wealth for members by mobilization of savings and provision of competitive loans, while assuring high returns through innovative financial solutions.
ATM Cards. Tembo Sacco has VISA ATM Cards that allows POS shopping and cash withdrawals at any merchant outlet and Bank ATM of choice respectively. Cash deposits can also be done using the card.
Requirements A filled membership application form. A copy of National ID /Passport. A filled Nominee card. Two (2) passport size photos. 1, 700/= entrance fees; Sacco Registration- Kshs. 1,000. FOSA Account opening- Kshs. 500. Burial Benevolent Fund registration- Kshs. 200.
You Borrow Against Your Savings A general rule for most Saccos is that you are only eligible for a maximum loan that is equivalent to three times your savings. So, if say you have Ksh100,000 in savings, then the maximum loan you can borrow is Ksh300,000.
To qualify for a loan from the Sacco one should meet the following requirements: Be an active member of the Sacco with regular deposits contributions. Must have paid (or is paying) the minimum share capital requirement by the Sacco. Must have been a member of the Sacco for at least three months.

tembo sacco loan forms