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Who Joins a SACCO?
There are certain conditions in the Co-operative Societies Act, Rules and By-laws on who may join a Co-operative Society.
Those who are allowed to join a Co-operative Society as members are those who: |
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Have attained 18 years, |
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Have a common bond, |
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Are of good character, |
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Are of sound mind, |
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Are ready to accept the Co-operative Societies Act, Rules and By-laws of the Society. |
How does one discontinue being a member?
A person may discontinue to be a member of a Co-operative Society if he or she: |
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Is expelled from the -operative according to the by- laws, |
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Dies, |
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Becomes of unsound mind, |
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Withdraws or resigns from a co-operative, |
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Or is a member of a co-operative society that is wound up. |
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