Membership Benefits

  • One has an opportunity to cultivate a savings culture and continuously save without interruptions.
  • We have affordable credit products through one’s deposits with low interest rates.
  • We facilitate different education seminars based on members’ needs.

Insurance Benefits:

  • Inpatient cover of up to Ksh 300,000 per year based on Cluster – One must have been an active member and have fully paid up the share capital (8,000kes) for the last six (6) months to qualify. Inpatient covers inclusive of children below 18 years who are members of Huruma Junior account at no cost.
  • Maternity cover of up to Ksh 20,000 – One must have been an active member for at least two (2) years to qualify.
  • Last expense covers up to  Ksh 150,000 –  Must be a shareholder unless death is caused by an accident. This is paid to the next of kin upon presenting death notification documents to the office.
  • Attractive dividends on one’s savings at the end of every financial year.
  • One can acquire land in instalments to a maximum of three (3) years.
  • Collaterals on motor vehicles can be used as security on loan applications for 50% of the loan value on a motor vehicle, not more than 10 years. Active account 1 year.
  • Guarantors’ incentives
  • Entitlements to an optional life cover of one million shillings with illness cover of up to kes 300,000 upon annual premium payment. Currently, the annual premium is kes 9,000
  • Above all, you will be served by competent staff members and the Board of Directors who are always ready to listen to you.
  • Mzalendo bora – Enjoy free medical coverage of up to kes 300,000
  • This covers all children 0-18 years. All elderly from the age of 75 years and above who have been Sacco members for 5 years with a maximum last expense up to kes. 150,000.
  • Admission of the elderly is restricted to 68 years and below.

Types of Membership Accounts

This is for any person aged 18 years and above of any nationality

To open an account you need

  1. An ID copy, one passport-size photo and a copy of KRA PIN Certificate
  2. Application fee and Bylaws Ksh 1,500
  3. Minimum Share Capital of  Ksh 8,000 (400 shares) and a maximum of Ksh 100,000 (5,000 shares).
  4. Minimum monthly deposit of Kes. 1,400 inclusive of welfare fund Kes. 350 and account maintenance Kes. 50
  5. Membership card Ksh 1,000

This is for persons under the age of 18 years of any nationality whose parent/guardian is a member of Verona Huruma Sacco

To open an account you require
1. Registration documents are only Birth notification/ Birth certificate copies and one coloured passport photo notification
2. Application fee kes. 700
3. A minimum monthly contribution of kes. 550
4. The membership card is kes. 200
5. Maintenance fee of kes.50 per month.

This is for Registered welfare associations and self-help groups

To open an account you require
1. The minimum share capital of Ksh 8,000 (400 shares) and a maximum of Ksh  100,000 (5,000 shares)
2. Application fee and by-laws Ksh  2,500
3. Minimum monthly deposit of Ksh 4,050
4. Membership card Ksh 200
5. ID copies and one passport-size photo of each official
6. Copy of KRA PIN for the officials/ group KRA PIN if registered.
7. Recent minutes confirming the election of the officials and agreed to open an account with us
8. List of all members, contacts, and ID numbers
9. Formation guidelines/ constitution
10. A maintenance fee of Ksh 50 per month

This is for two adults of any nationality

To open an account you require
1. Should be ID & KRA Pin copies, passport size photos of both the account holders
2. Application fee kes. 2500
3. One passport-size photo for each joint member
4. A minimum monthly contribution of kes. 2,750 inclusive of welfare fund 700 and account maintenance Kes. 50
5. Minimum Share Capital of  Kes 8,000 (400 shares) and a maximum of Kes 100,000 (5,000 shares).