Frequently Asked Questions

An employee in the public and private sector, with companies that have signed an agreement with Babereki SACCOS.

One must purchase shares worth P1000.00 which are payable in three instalments, and a once-off P200.00 joining fee.

No, you cannot become a member of Babereki SACCOS while in another SACCOS unless you have been given permission by the Director of Cooperatives.

Yes, you can increase your shares anytime.

Yes, you can. To increase or decrease your savings you can submit your fully completed savings adjustment form which is easily accessible on our website in the downloads section.

You can qualify for a loan after three (3) months of continuous savings and a complete full payment of the P1000.00 shares.

With three (3) months of consistent savings, you can qualify for a loan.

With three (3) months of consistent savings, you can qualify for a loan.

No, we do not receive cash. All payments are made through bank deposit.

When retiring, you first have to notify us. After you receive your pension, you can continue servicing your loan with us.

There is continuity in your membership, and we will be deducting through direct debit.

There is continuity in your membership, and we will be deducting through direct debit. However, you will not have access to loans.

To terminate, you are required to submit a membership withdrawal form, and provide us with a three (3) months written notice.

Babereki SACCOS is not a union. A SACCO is a Savings and Credit Cooperative Society. It is a member owned financial institution that allows members to gather their savings and access affordable credit.