SACCO Application Form
SACCO Application Form
SACCO Application Form
3. Address: _________________________________________________________
The following are the rights that you enjoy as a member of Child and Family SACCO Ltd:
a) Receiving, periodically and regularly, or upon request, and at least once a year, a
statement of accounts containing the record of his credit and debit transactions.
b) Attending and participating in elections within the electoral zone. Each member shall
have one vote irrespective of his/her total shareholding.
c) Electing representatives to attend and participate at a general meeting.
d) Electing or be elected as an officer of the Society, unless otherwise prohibited by any
other law or these By-laws. Using the Society's services according to the policies and
procedures approved by the Board of Directors
e) Submit projects or initiatives to the Board, for the improvement of the SACCO.
f) Appointing a nominee and Participating in the sharing of the Society's surpluses.
g) Accessing all legitimate information relating to the Society, including internal
regulations, registers, minutes of the Annual Delegates Meetings, Supervisory
Committee reports, and annual accounts, at the registered office of the Society,
subject to the Society's policies and regulations in force at the time.
h) Voting on all matters put before the electoral zone.
i) Enjoying all other rights as prescribed by the Co-operative Act and the Rules.
MEMBERS' OBLIGATIONS
As a member of Child and Family SACCO you are obliged to:
a) Be faithful and honest in all their dealings with the Society.
b) Observe the law, the rules and these By-laws whenever transacting any business
with the Society.
c) Observe the code of conduct and ethics of the Society, and in particular desist from
any corrupt practices in all dealings with the Society.
d) Refrain from engaging in the business of money lending in competition with the
Society.
e) Protect the image of the Society and avoid unnecessary publicity, incitement or
careless talk that can injure the reputation of the Society.
f) Inform the Chief Executive Officer in writing of change of my physical address and
contact details whenever they occur.
g) Pay my debt obligations to the Society without fail and save regularly with the
Society.
h) Seek cooperative education to improve my awareness and enlightenment on
cooperative matters.
i) Attend meetings and education forums and take part in Society's decision-making.
j) Inform non-members and encourage them to join the Society.
k) Identify problems affecting the Society and suggest solutions.
l) Participate in the Society's projects, both physically and financially.
m) Make use of the services of the Society as stated in its objects.
n) Comply with these By-laws, the Co-operative Act, the Sacco Act, Rules, Regulations
and resolutions of General Meetings.