How to Join Thome Community Sacco

Requirements

  • The Sacco registration fee is Ksh. 2,000
  • Minimum saving amount per month is Ksh. 2,000 for every member.
  • A member may qualify for short term loans and salary advances as per the Sacco loan policy.
  • For a member to enjoy long term loans, they will have to purchase the minimum shareholding of Ksh. 10,000 and minimum monthly savings of Ksh. 2,000
  • A member will receive his/her cumulative savings upon leaving the Sacco within 60 days of such application for refund and clearing of any obligations with the Sacco.

Thome Community Sacco

Membership Categories

GROUPS/ CHAMA MEMBERSHIP
Group membership at Thome Community Sacco fosters collective growth. Group members can leverage financial services to achieve shared goals and aspirations.
CORPORATE MEMBERSHIP
Corporate membership at Thome Community Sacco offers your organization an array of financial benefits, including employee financial wellness programs and corporate savings solutions.
DIASPORA
The Sacco provides diaspora Kenyans residing outside the country a haven for savings, and access to affordable credit with impressive dividend returns. Affordable, safe money transfer options with easy access to monitoring of accounts online.
INDIVIDUAL MEMBERSHIP
Joining as an individual member empowers you to access a wide range of financial services, from savings and loans to investment opportunities. Your journey towards financial security begins here.

Thome Community Sacco

Governance

The Sacco is currently regulated by the Cooperative Societies Act under the Ministry of Co-operatives and Micro, Small and Medium Enterprises

Thome Community Sacco's Governance Structure is composed of several key entities. Firstly, there are the Members, who play a vital role by passing resolutions during the Annual General Meeting (AGM). Members have voting rights in the election of the Sacco's board of directors and other leadership positions. They elect individuals who they believe will effectively represent their interests and govern the Sacco responsibly. They also have the right to hold Sacco's leadership accountable for their actions and decisions, ensuring transparency and integrity in the organization's governance.
The Executive Committee includes the Chairman, Vice Chairman, Treasurer and Honorary Secretary all of whom are elected by the members and other members of the management. The role of the executive is to oversee the operation of the Sacco including the other operational committees.
The Supervisory Committee plays the crucial role of ensuring transparency, accountability, and compliance of the Sacco. Comprised of elected members, their primary responsibility is to oversee the Sacco's financial operations, internal controls, and adherence to regulatory requirements. Through regular audits, inspections, and reporting, the supervisory committee safeguards the interests of Sacco members and promotes trust and integrity. The committee also ensures adherence to the Sacco's bylaws, regulations, and policies. The committee has the right to hold the Sacco's leadership accountable for their actions and decisions, ensuring transparency and integrity in the organization's governance. It conducts quarterly monitoring and review of the Saccos financial records and documentation and presents them to the management. The committee also presents its reports in the Annual General Meeting as a measure of accountability and transparency.
The credit committee is in charge of the society’s Loan book, with a specific mandate to effectively enforce the society’s credit policy. It consists of three members chosen from amongst the management committee at the inaugural AGM meeting. The credit committee meets as and when duty requires at least once per month and convenes when there is an emergency loan application and reports monthly to the Central Management Committee.
The Business Development & Education Committee is responsible for the dissemination of crucial information regarding the Saccos policies, products, and evolving industry trends to its membership. Moreover, it spearheads the planning of essential member education forums aimed at equipping members about the operations of the Sacco. Additionally, it empowers the management committee members with the tools and expertise necessary to navigate financial decisions effectively, thereby contributing to the overall growth and success of the Sacco.

Diaspora Locations

At Thome Community Sacco Limited, we are dedicated to empowering and transforming lives through financial services tailored to your needs. We always strive to be your trusted ally on your financial journey.