• Your National Identity Card/ Passport
• 2 passport size photos
• A non- refundable registration fee of Ksh 1,000/- only
• Minimum Share capital of Ksh. 2000/- (Repayable partially)

Chosen Generation Sacco is a Deposit Taking Sacco (BOSA) in which savings are monthly SACCO remittance and can only be withdrawn upon retiring from the SACCO membership which involves filling out an exit withdrawal form & waiting 60 days for the refund to be processed.

Share capital is a non- withdrawable and members can opt to retain shares after withdrawing their deposits or choose to sell or transfer to an existing member

The SACCO started its operations in the year 2015 and was officially registered under the Co-operative Society ACT on the 12^th day of May 2017.

At Chosen Generation Sacco, members earn interest on their saving deposits. Members also earn dividends on share capital. The dividends earned are typically shared among the members based on their level of participation or shareholding in the SACCO.

As a member you are required to nominate your beneficiaries and next of kin while still alive. After your demise the deposits will be paid to your next of kin and beneficiaries according the agreement made upon registration.

Yes. You are required to write a formal letter to the SACCO to communicate of the changes you have made.

Every financial year the SACCO declares dividends on share capital and interest on deposits based on the business performance.

• Savings/Deposits are refundable while Share Capital is non- refundable but transferrable to a nominee or another member.
• Share capital earns dividends while savings/deposits earn interest
• Shares are never used as a loan security while deposits may be used as loan security
• Shares are never used as a loan security while deposits may be used as loan security

All loans granted by the society must be fully secured either by guarantors who are members of the society and have been active for at least 6 months

Your loan plus any penalties will be recovered from your available deposit; then, you will be required to reinstate the deposits utilized to clear the loan balance before your membership status is updated.

If you borrowed more than your deposit, your guarantors would be liable to pay the loan balance.