Become a Member

Joining the Bilal Sacco Society Limited opens doors to a world of financial opportunities and community support. Our membership process is straightforward, ensuring that you can quickly become part of our vibrant community.

Membership Process

  1. Complete the Official Membership Form: Fill out the official membership form available on our website or at our office.
  2. Pay the Registration Fee: A registration fee of Kshs. 500 is required to initiate your membership application.
  3. Purchase Shares: You need to purchase 250 shares at Kshs. 20 each, totaling Kshs. 5,000.
  4. Monthly Deposit: Commit to a minimum monthly deposit of Kshs. 1,000 to maintain an active membership status.
  5. Welfare Contribution: Contribute Kshs. 200 towards welfare initiatives to support our community.
  6. AGM Contribution: A contribution of Kshs. 200 for the Annual General Meeting is also required.
  7. Optional Toto Account Contributions: You may choose to contribute to the Toto Account for additional savings.

Important Note: Members enjoy full rights after completing all mandatory payments and remaining active for a minimum of 6 months.

Membership Benefits

As a member, you will enjoy a variety of benefits, including:

  • Access to Affordable Loans: Enjoy competitive interest rates on loans tailored to your needs.
  • Voting Rights: Participate in decision-making processes within the society.
  • Financial Literacy Programs: Gain access to workshops and resources designed to enhance your financial knowledge.
  • Annual Dividends and Rebates: Benefit from our profits through annual dividends and rebates.
  • Financial Security: Build a secure financial future with our structured savings and investment plans.
  • Community Support: Join a network of members dedicated to uplifting each other and the community.

Payment Methods

Bilal Sacco does not accept cash payments. For your convenience, we offer the following payment methods:

  • M-PESA Paybill: 400222
    Account Format: 602164#Your2Names
Download Membership Form

Step-by-Step Membership Process

  1. Download and Fill the Membership Form: Access the membership form from our website or request it at our office.
  2. Make Required Payments: Use M-PESA to pay the registration fee, shares, and other contributions as outlined above.
  3. Submit Your Completed Form: Send your filled membership form and payment confirmation to our office or via email.
  4. Await Confirmation: Our team will review your application and confirm your membership status.
  5. Become an Active Member: After 6 months of active participation, enjoy full membership rights.

Frequently Asked Questions

Typically, the approval process takes 5-7 business days once all required documents and payments are submitted.

Yes, shares can be withdrawn, subject to the society’s withdrawal policies.

Besides the initial contributions, there may be other fees related to specific services or products.