Bandari Sacco is open to the public and any person is eligible to join upon submitting duly completed account opening form with required identification documents (copy of Id & coloured passport photo).
Consistent saving for a minimum of six(6) months qualifies for credit in the Society.
It takes One to Four working days depending on the recipient bank.
Share Capital:
Non withdrawable deposits.
Each loan product has different evaluation criteria and represents an independent contract.
All money paid outside payroll for boosting deposits must stay in the society for at least six months to qualify for any loan from the Sacco.
Yes – A member can transfer his deposits from another SACCO to Bandari SACCO.
Yes – for as long as you stay up to date with your monthly contributions. You may send your contributions over the counter ,LIPA NA MPESA Pay bill 146320,Standing orders or direct debits
A member is only allowed to offset his deposits against his loans if he is withdrawing his membership.
Loans are given based on one’s ability to pay.
A member is allowed to take all the loan products on offer so long as long as they able to qualify.
Ans.: All loans granted by the society except FOSA- One Month advance must be guaranteed sufficiently by at least three active members
FOSA deposits are regulated and monitored by The Sacco Societies Regulatory Authority (SASRA) which operates in the same way as the Central Bank of Kenya (CBK) with the commercial banks. The SACCO submits monthly reports and is audited regularly to ensure compliance and safety of member deposits. The Board and Management are Managing the Sacco as per the Co-operative societies ACT, Rules and Sacco by –Laws. The Sacco has implemented the use of Corporate Governance and Code of Ethics hence stability is guaranteed. The Sacco also holds ADM’S yearly where reports and accounts are presented to the members
Members wishing to deposit money can either deposit directly over the counter at our FOSA, through MPESA Till Number 146320 with or Do electronic funds transfer or place a standing order to our bank account
BANK NAME CO-OPERATIVE BANK LTD
BRANCH NKURUMAH ROAD
ACCOUNT NAME BANDARI SACCO LTD
ACCOUNT NUMBER 01120043003601
OTHER DETAILS/REFERENCE/BANKED BY NAME OF THE BENEFICIARY
Deposits are refunded after 60 days after filling the required withdrawal forms
Yes, one can continue being member as long as they continue remitting SACCO deductions. Remittance can be done for both deposit and loan repayment by placing a standing order at the bank, making monthly cash deposits or Check off from the new employer.
Partial withdrawal of the deposits is not allowed
Yes one can re-join the soonest he/she is ready upon payment of a rejoining fee.
Statements are issued on a yearly basis and on request. Members can also request statement via their mobile phones to their email account upon subscribing to the SMS banking service.
Yes. After Successful registration for M-banking, you will be granted a pin through which you can access mobile banking services by dialing *636# on your mobile phone.
Bandari Sacco Building, Moi Avenue
P.O.BOX 95011-80104
Mombasa County,
Mombasa – Kenya.
KPA Inland Container Depot
Embakasi off Mombasa road
Nairobi – Kenya.
Phone: (+254)-700-192355
Mombasa Contacts
Phone :(+254) 41-2316685 / (+254)-724-002525 / 735-336685
Email : info@bandarisacco.co.ke
Swan Centre Building
Phone: (+254)-113-892773/113 711279/ 114 927495
Email : info@bandarisacco.co.ke