Port Sacco Membership Eligibility and Requirements – An Overview 

This article provides a comprehensive overview of the eligibility criteria and requirements for becoming a member of Port Sacco, a tier 1 licensed deposit-taking Sacco regulated by the Sacco Society Regulatory Authority (SASRA).

Established in 1966 by employees of the then East African Harbours and Railways Corporation, Port Sacco expanded its common bond in 2010 and now boasts a diverse membership from various sectors.

With an impressive asset base of 7.35 billion, it stands as one of Kenya’s largest deposit-taking Saccos.

Port Sacco Membership Eligibility and Requirements

Eligibility for Port Sacco Membership Port Sacco membership is open to a wide range of individuals and entities, including:

1. Institutions/ companies/ organisations

2. Individuals

3. Business persons

4. Salaried persons

5. Co-operative societies

6. Youths, self-help, welfare, and investment groups

Port Sacco Membership Requirements

1. Individual Membership

Individuals interested in becoming Port Sacco members need to:

• Complete and submit the individual membership application form available for download on the Sacco’s official website.
• Provide a copy of their Kenyan National ID or a valid Kenyan passport.
• Include coloured passport-size photographs.
• Present a copy of their KRA PIN certificate.
• Pay a registration fee of Kshs 500.
• Commit to a minimum monthly deposit of Kshs 1,000.
• Maintain a share capital of Kshs 40,000.

2. Joint Membership

For joint membership, applicants must:

• Complete and submit the joint membership application form.
• Provide copies of Kenyan National IDs or valid Kenyan passports for all applicants involved.
• Include coloured passport-size photographs for each applicant.
• Present copies of KRA PIN certificates for all applicants.
• Pay a registration fee of Kshs 500.
• Commit to a minimum monthly deposit of Kshs 1,000.
• Maintain a share capital of Kshs 40,000.

3. Group Membership

Group membership, which includes chamas, self-help groups, etc., requires the following steps:

• Complete and submit the joint membership application form.
• Provide copies of Kenyan National IDs or valid Kenyan passports for all group members.
• Include coloured passport-size photographs for each group member.
• Present a copy of the group’s registration certificate.
• Provide copies of KRA PIN certificates for all group officials.
• Pay a registration fee of Kshs 500.
• Commit to a minimum monthly deposit of Kshs 5,000.
• Maintain a share capital of Kshs 40,000.

4. Corporate/ Company Membership

To apply for corporate/company membership, entities must:

• Complete and submit the company membership application form.
• Provide a certified copy of their registration certificate.
• Present a general meeting/board resolution authorizing the account opening at Mombasa Port Sacco.
• Provide the company’s memorandum and article of association.
• Include coloured passport-size photographs of authorized signatories along with copies of their ID or passport.
• Provide signature specimens of the signatories.
• Present copies of the KRA PIN certificates of the directors.
• Include a copy of the company’s KRA PIN certificate.
• Pay a registration fee of Kshs 500.
• Commit to a minimum monthly deposit of Kshs 5,000.
• Maintain a share capital of Kshs 40,000.

Port Sacco Contact Information

Location: Ports Sacco Plaza, Mwakilingo Road, Off Moi Avenue, Mombasa.

Contact: 0111 173 000.