Kenversity Co-operative Savings and Credit Society Limited was registered in 1976.
Initially, membership was limited to Kenyatta University staff and students, but now
it is open to Kenyan nationals across the country and abroad.
Membership Eligibility
Membership is open to all Kenyan nationals. To join the Sacco as an individual, you need to:
- Complete the Membership Application Form
- Attach a copy of your national ID or valid passport
- Provide 2 passport-sized photographs
- Include an appointment letter from your employer (if employed)
- Pay an entrance fee of Kshs. 1,000
Membership Classes
Platinum-A
Members whose employers have a check-off agreement with Kenversity Sacco. Pay slips are used for loan appraisals. Loans can be issued without physical collateral but with guarantors, salary, and deposits. Members have voting rights and can vie for elective positions. Typically employees on permanent or pensionable contracts of two years or more.
Platinum-B
Members on short-term contracts (6 months to 2 years). They enjoy all Platinum-A rights except eligibility for elective positions to ensure leadership continuity.
Gold
Members who operate certain accounts or use specific products (fixed deposits, business accounts, investors, etc.). Loan appraisals are based on account operations or business assessments. Collateral may be required. Voting rights are granted, but members are not eligible for election.
Diamond
Members organized in groups as prescribed by the Sacco, such as:
- Groups from institutions with check-off systems but contracts under six months
- Groups registered with the relevant Government authority
Governance
The society is managed by 9 Board of Directors and 3 Supervisory Committee members.
Board of Directors
Mary M N Kahiga
Chair
David Osebe
Vice Chair
Priscilla Gitonga
Hon. Secretary
Hannah Wambui
Treasurer
Andrew Macharia
Member
Stephen Kiarie
Member
Ambrose Jagongo
Member
Kennedy Awuor
Member
Joseph M Githae
Member
Supervisory Committee
Joseph Mutata
Chairman
Arthur Owino
Secretary