Tembo sacco loan forms 2026

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  2. Begin by entering your full names as per your ID in the designated field. Ensure accuracy for verification purposes.
  3. Fill in your date of birth, occupation, and contact details including telephone and mobile numbers, as well as your email address and postal address.
  4. In the Employment Details section, provide the name of your employer, company number, designation, and employment dates. Specify if your employment is permanent, temporary, or contractual.
  5. Next, complete the Next Of Kin Details section with the full names, relationship, and contact information of your next of kin.
  6. For the Details Of Referee section, enter a referee's full name along with their ID number and contact details.
  7. Indicate your monthly remittance amount to Tembo Ventures Housing Cooperative Society and specify how you intend to make payments.
  8. Finally, review all entered information for accuracy before signing and submitting the form along with required documents like an ID copy and passport photo.

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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.

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People also ask

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.
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.

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