NATIONAL CHAMBER OF COMMERCE & INDUSTRY

SAVINGS & CREDIT CO-OPERATIVE SOCIETY LIMITED

 ABOUT US
NCCI SACCO was registered under the Co-operative Societies Act (Cap 490)
Laws of Kenya. The SACCO is a National Savings and Credit Co-operative
Society affiliated to the Kenya National Chamber Of Commerce & Industry
(KNCCI) with membership in all the forty-seven (47) Counties. We are Sharia
Law Compliant.

Our Vision: “To be the most competitive, reliable and sustainable financial
partner to our stakeholders.
Our Mission: “To offer quality financial products and services to empower
our stakeholders through affordable and innovative financial solutions.”
CORE VALUES
Integrity
Professionalism
Reliability
Innovation
Customer Value
Excellence
OBJECTIVES OF THE SACCO
To promote & expand the welfare and economic interests of our
members
To financially empower the members of KNCCI and the business
community
Provide a source of affordable loans at reasonable rates
Promote personal growth through the introduction of new products
and services that will promote the economic base of our members
BENEFITS OF JOINING NCCI SACCO
Provide to our members a safe platform to save on regular basis;
Loan products at affordable rate and that require No collateral
To earn dividends and interest as a SACCO member and an investor
Last expense cover for all active members, Ksh 100,000 funeral costs is
payable to the nominated next of kin upon a member’s demise.
Sacco members to benefit from chamber networks of government and
development partners, investors and programs targeting the Micro,
Small and Medium Enterprises (MSME’s)
WHO CAN BE A MEMBER?
Members and staff of KNCCI and other various BMO’s, NGOs,
Companies and any other formal organization admitted on check-off
arrangement (10 staff minimum).
The business community (MSME’s & SME’s) and their staff.
Any individual(s) referred by an active member (friends & family).
MEMBERSHIP CONDITIONS
Entrance fee of Ksh. 1,000 charged once and Non-refundable.
Minimum Share capital payment of Ksh 2,000.
Pay a minimum Savings of Ksh. 1,000 every month.
Membership withdrawal from the SACCO–60 days’ written notice and
an exit fee of Ksh 2,000 charged once on membership exit.
Approval and admission of a member by the Board in the application
form

*Note: Share Capital and Member Savings/Deposit accounts are mandatory accounts.
OUR SAVINGS
PRODUCTS
1. SHARE CAPITAL
Gives a member shareholding/ownership rights.
Minimum KSh 2,000 per member payable on entry. (This minimum
amount can be reviewed by an AGM)
Earns dividends annually.
Shares are transferable to other members upon exit but not refundable.
2. MEMBER SAVINGS
• Minimum monthly savings: Ksh.1,000.
• Entitles member to loans up to 3 times of their savings.
• Earns interest annually.
• Savings are reimbursed upon exit.
• FREE savings insurance cover for all active members incase of a
member’s demise.
OUR LOAN
PRODUCTS
1. NORMAL LOAN
• Enables a member to finance business operations, acquire equipment,
assets, property & finance other development projects.
• Maximum Amount - 3 times member’s savings.
• Repayment period – Maximum 60 Months
• Interest charged (where applicable) - 1% p.m. fixed rate
• Loans security accepted: guarantors
2. SCHOOL FEES LOAN
• Caters for primary and secondary fees.
• Maximum Amount: 3 times member’s savings.
• Maximum period: 12 months.
• Interest charged: 1% p.m. (Where applicable) on a reducing balance.
• Loans security accepted: guarantors.
• The fee structure should be attached.
3. MERCHANDISE LOAN
• Offered in partnership with other merchants (roto tanks, LG
Appliances etc.)
• Maximum amount: As per quote but within 3 times of members’
savings.
• Maximum period: 12 months.
• Interest charged: 1 % (Where applicable) per month on reducing
balance.
• Loans security accepted - guarantors.
• Loan proceeds payable directly to the merchant
4. EMERGENCY LOAN
• Maximum amount: 3 times member’s savings.
• Maximum repayment period - 12 months.
• Interest charged- 1% p.m. on a reducing balance.
• Loans security accepted - guarantors.
• Loans of KSh 50,000 and less - Granted without supporting document
but within members’ savings.
• Loans exceeding KSh 50,000 - Applicant will be required to provide
proof of the emergency.
5. SALARY ADVANCE LOAN
For employed members on Check-off system only
• Maximum amount – Net salary limit.
• Maximum repayment period - 1 month.
• Interest charged - 3% fixed (one off).
• No guarantors required but other terms conditions apply.
LOAN SECURITY ACCEPTED
• Three guarantors - for loans above Ksh100,000
• One guarantor acceptable for loans of Ksh 100,000 and below
subject to savings thereof.
• Self- guarantee allowed if loan amount is within a member’s
savings and member has not guaranteed others.
• Only ACTIVE members can guarantee loans.
OTHER LENDING CONDITIONS
• Loan eligibility - To qualify for a loan, a member has to save for at least
six (6) months
• Loan processing fee – 1% on amount applied for subject to a minimum of
KSh.500 and a maximum of KSh10,000 inclusive of taxes (excise duty)
payable upfront or deducted from the loan.
• Loan insurance – KSh.0.30 (cents) per 1,000 per month over the loan
period. The insurance covers loan against death or permanent disability
and is payable once every year for the term period of the loan.
• LOAN ABILITY TO REPAY DETERMINATION – Pay-slip, Bank
statement and mpesa Statement.
How TO REGISTER and JOIN the SACCO
ALL PAYMENT TO THE FOLLOWING PAY BILL
Pay bill.: 400222
Account: 857628#Your mobile number
(Eg. 857628#072278XX69)

Download the application Form from www.nccisacco.or.ke

Complete and submit the duly filled and signed form to your local County
Chamber Chapter offices.

ONLINE SERVICES- Coming soon via our website www.nccisacco.or.ke.

APPLICATION FOR MEMBERSHIP AND
ADMISSION
I ………………………………………………………………... hereby make an
application for membership and agree to abide to the Co-operative Societies Act and
Rules, NCCI SACCO By-laws and any amendments made thereof and other SACCO
policies.

(This form should be completed in BLOCK letters and attach Copy of ID/Passport
and KRA Pin Certificate.)
A. APPLICANTS PERSONAL INFORMATION - CHECK
OFF MEMBER
NAME OF APPLICANT (as in ID) ………………..........................................................................................
................................

DATE OF BIRTH ………………………………………… ID/PASSPORT No. ……………………….............................

EMPLOYER. ……………………………..……………….. OFFICIAL DESIGNATION …………………….…………...
PAYROLL NO ……………………………………………. TERMS OF SERVICE ………………………………………
STATION/LOCATION……………………………………. NATIONALITY ……………… MALE/FEMALE ...................
EMPLOYER’S ADDRESS …………………………………………………………………………………………………….
EMPLOYEE’S ADDRESS ……………………………………………………………………………….……………………
MOBILE No. ……………………….……………… E-MAIL………………………………………………………………….

How did you get to know about NCCI SACCO? (Tick one)

Sacco website/social media Referral Others (please specify) …………………………

REFERRED BY (if applicable)

Member Name …………………………………………M/NO …………….. SIGNATURE…………………….………….
 B. APPLICANTS PERSONAL INFORMATION - NON-CHECK OFF OR
REFFERAL MEMBER
NAME OF APPLICANT (as in ID) ………………................................................................... ID/PASSPORT No………………………
DATE OF BIRTH ………………..………………………. NATIONALITY ………………………...........................................
P.O BOX.…………………………………................................ OCCUPATION ………………………….........................................

EMPLOYER/BUSINESS NAME ………………..…………………………………… KNCCI Certificate No. ………………………

TYPE OF ORGANISATION/BUINESS …………………………………. … LOCATION/CHAPTER……………………………….
MOBILE No. ………………………..…………..… E-MAIL……………………………………………………………………………...

(Attach Letter of Employment, Business registration certificate and a copy of Chamber Certificate as appropriate)
DETAILS OF REFERRING MEMBER for above (item B) new member

I hereby confirm that the above named applicant is of good conduct and is known to me for years

NAME OF PRINCIPAL MEMBER ………………..…………………………………… M/NO………………………… ID No.

………………………
P.O BOX……………… Code: ………………..… Mobile No. …………..……………… E-MAIL ………………………………………………
RELATIONSHIP TO APPLICANT………………………..……….
SIGNATURE ………………………………………… DATE………………………………………………………………
 A. NOMINATED NEXT OF KIN
I, the undersigned, in the event of my death, whilst a member of the NCCI SACCO society Limited, hereby instruct the
society to pay all amounts due to me less any debts to the society, to the person(s) named below. I am aware that I may alter
the name of the nominated next of kin by filling in a subsequent Nominated next of kin Form.

Name Relationship %of Savings ID Number Box Address Mobile No. Email
 B. AUTHORIZATION TO DEDUCT FROM SALARY/
COMMITMENT TO REMIT
(Note: Kshs.1,000 non-refundable entrance fee will be charged in the 1st contribution)
I hereby authorize the deduction of/ commit to remit Ksh with effect from the
Month of…………………………. 20 to be allocated as follows for ……….
Months:______________

i. Entrance/Registration A/c Ksh .....................................

ii. Member Savings A/c Ksh ......................................
iii. Share Capital A/c Ksh.......................................
iv. Loan Repayment A/c Ksh.........................................
v. Other A/c (Specify) Ksh………………………………….

Preferred mode of contribution for Non-check off applicants (tick box)

Standing Order
Bank deposit
Bank transfer
Mpesa Pay bill
 C. MEMBER BANK/PAYMENT DETAILS
1. Account name .....................................................................................
2. Bank Name .........................................................................................
3. Account Number .................................................................................
4. Bank Branch........................................................................................

I hereby confirm that all the details provided above to support my application for membership in NCCI SACCO
are true to the best of my knowledge.
By filling and signing this form, I authorize the Sacco to process and store my personal data for the purpose of
membership application.

Signature………….……………………………… Date………………………………………………………

WITNESSED BY: -

Name ………………………….………………. I.D ……………..……… M/No. ……....……

Mobile……………………
SIGNATURE…………………………………………DATE…………………………………………

FOR OFFICIAL USE

Received by: Name……………………………….. Sign……………………….........Date……………………….

Approved / rejected by: Name………………………………..Sign………………….Date……………………….

Member No allotted
How to make Payment or Join the SACCO – BANK DETAILS
A. ALL PAYMENT TO THE FOLLOWING PAY BILL

Pay bill.: 400222

Account: 857628#Your mobile number
(Eg. 857628#072278XX69)

OR

B. Bank: Cooperative Bank of Kenya

Account Name: NATIONAL CHAMBER OF COMMERCE AND INDUSTRY
SAVINGS AND CREDIT CO-OPERATIVE SOCIETY LIMITED.
Account Number: 01101069288001
Branch: Upper Hill

NB: For all direct deposits or bank transfer to the account, you must attach copies of Payment Receipts, ID,
PIN, KNCCI Membership Certificate and latest pay slip (for employees) where applicable
THANK YOU