Dimkes Sacco started as a mother’s union in 1999 before rebranding to become a standing deposit-taking financial institution after being licensed by SASRA. It started with capital deposits as low as Ksh500, and has since grown to a prominent institution of assets worth Ksh1.6 Billion and 29,800 members. One of the contributors to the significant growth is the opening of front office activity.
Dimkes Sacco has built a reputable image in the financial sector, with many members appreciating financial transformation in their lives. The management style has been a critical asset to Sacco. The skilled board of directors and the empowered staff members have used their skills to solve many administrative challenges to propel the sacco forward.
With a track record of empowering small-scale traders—primarily women, many members have been able to access affordable loans to upgrade their stocks. Some have permanently transformed their lives by accessing loans to buy land and build permanent houses. Churches have been among the best partners in their development journey.
How to Become a Member Of Dimkes Sacco
Dimkes Sacco membership is open to all individuals, corporate bodies, and groups/chamas. Because the Sacco has proven to be growing significantly and is a safer place to invest your money for better returns, it is gaining membership every year.
Understanding how you can become a member will be a great deal. The process is pretty simple. It involves the following procedures:
a) Fill in the Application Form
The first step into a Sacco’s membership is filling out its membership form. The forms are usually available on online platforms or any of the branches countrywide. To create your membership profile, you will fill in the form with your details like your full name, email address, and phone number, among other crucial information.
b) Attach a Copy of the National ID
You will attach a copy of your valid national identification card for your membership authentication. It is always an essential requirement when making serious transactions or deals. You would also require to include copies of your passport-size photo of yourself for your membership profile and produce your membership identification card.
c) Registration Certificate.
As identification cards are for individuals, for a Chama or corporate membership, the registration certificate will be necessary for processing their registrations. Some more documents may be needed for corporate or champs, like minutes of your last meeting where members agreed to join a Sacco.
d) Pay the Membership Fee
With the duly filled form and the necessary documents, you will also be requested to pay a registration fee determined by the management from time to time. The amount is payable once and is non-refundable. Currently, the registration amount stands at Ksh500.
e) Submit the Minimum Share Capital.
Paying a share capital to a Sacco is a pretty good deal. Apart from earning annual dividends from it, you also subscribe to be a shareholder in the Sacco. You will have equal rights to contribute to the affairs and democratic management of the Sacco. Share capital in Dimkes Sacco amounts to Ksh1,000 only.
The amount is payable once and is non-refundable. If you want to terminate your membership, you will choose to transfer your shares to another Sacco member or sell them off at a price to any willing buyer. Still, you can move them to your nominee or next of kin.
With the desire and vision to see women financially empowered to excel economically, Dimkes Sacco has transformed the lives of many Kenyan women. Unlike other loaning institutions like banks, Dimkes loans are affordable and flexible. They also come with financial education, guiding you on where and when to invest for maximum returns.
Categories: Dimkes Sacco