Frequently Asked Questions

Where are your offices located?

Methodist Sacco is located at the Methodist Ministries Centre on Oloitoktok Road in Lavington, Nairobi.

How do I join Methodist Sacco?

Complete the membership application form, provide a passport photo, a copy of your national ID and KRA PIN certificate, and obtain an introduction from an existing Sacco member.

Is there a registration fee?

Yes. The currently published registration fee is KSh 1,000, payable once. Confirm the current tariff before production launch.

Once I become a member, can I introduce new members?

Yes. Members may introduce friends, colleagues and family. The legacy site also mentions a referral commission; confirm the current referral terms before production launch.

How do I benefit as a member of the Sacco?

Member benefits include saving, access to affordable credit, investment opportunities and long-term financial growth. Product-specific rates and benefits should be checked against current Sacco policy.

Do you have a minimum monthly share contribution?

Yes. The legacy FAQ currently states a minimum monthly contribution of KSh 1,000 for individuals and references KSh 3,000 for another membership category. Confirm the complete current policy before publishing as verified.

How do I make monthly deposits and share contributions?

The legacy site lists bank standing orders, direct debits, M-Pesa Paybill 322500, cash deposits at the Sacco office and employer check-off as payment channels.

What type of security do you require for a loan?

Loans above a member’s savings may require guarantors. The Sacco also accepts other forms of security in applicable cases, including title deeds and logbooks.

How many guarantors will I require?

The number can vary; the important requirement is that the requested amount is fully guaranteed where guarantors are used.

How long must I save to qualify for a loan facility?

The currently published guidance says members should save consistently for at least six months before qualifying for a loan facility.

Can I top up my savings to qualify for a bigger loan?

The legacy site says a lump-sum savings top-up may increase borrowing eligibility. The exact multiplier depends on current lending policy and should be confirmed before this answer is marked verified.

Can Methodist Sacco buy off a loan from another institution?

The legacy FAQ says loan buy-offs are available subject to assessment. Members should present a recent certified loan statement to the credit team for guidance.

How long does it take to process a loan?

Processing time depends on the product. The legacy FAQ indicates up to about two weeks for long-term loans and potentially within a day for some short-term loans, subject to complete documentation and approval.

Can my Chama join Methodist Sacco?

Yes. Registered groups may join. The legacy FAQ says groups can borrow based on their savings and must contribute monthly; confirm the current multiplier and minimum contribution before marking this content verified.