Frequently Asked Questions
What is Egerton University DT SACCO?
Egerton University DT SACCO is a member-owned financial cooperative established to promote a savings culture and provide affordable credit facilities to its members. The SACCO serves Egerton University staff, students, alumni, and other approved groups.
Who can join Egerton University DT SACCO?
Membership is open to:
- Egerton University employees (permanent, contract, or casual)
- Egerton University alumni
- Egerton University students
- Spouses or immediate family members of existing members
- Other groups or institutions approved by the SACCO Board
What services does the SACCO offer?
Egerton University DT SACCO offers a wide range of financial services, including:
- Savings accounts and fixed deposits
- Affordable personal, development, and emergency loans
- Salary processing services
- Investment opportunities and dividends
- Mobile banking and online account access
How can I apply for a loan from the SACCO?
Members can apply for loans by:
- Filling out a SACCO loan application form (available at the SACCO office or website).
- Ensuring they have adequate savings and guarantors as per the loan type.
- Submitting the form with necessary documents such as payslips or proof of income.
Loan approvals are subject to the SACCO’s lending policy and credit assessment.