MEMBERSHIP QUERIES

  1. Who is legible to join the Sacco?
    • All professionals
    • Members of ICPAK and employees of practicing accountants
    • A registered ICPAK member with non-practicing certificate
    • Fully qualified accountants who are not members of ICPAK
    • Employees of institutions that offer accountancy training
    • Members of ICSK and their employees
    • Spouses and children of Mhasibu members
    • Students pursuing finance and accountancy degrees and certifications
    • Accountants in training with recognized examination bodies like KASNEB, ACCA
    • Members of a professional body.
    • Membership Categories 
    • Individual Membership for all professionals
    • Applicant’s ID Copy and Passport photograph
    • Nominee ID COPY or Birth Certificate if a minor
    • Proof of profession/Higher academic qualifications
    • Payment of registration fee of KES 1,000
    • Payment of share capital of KES 10,000(can be paid in instalments)
    • Mhasibu Junior Account for children under 18 years
    • Applicant’s birth certificate/Notification
    • Passport Photo
    • Nominee(s) Id copy
    • Registtation fee of ksh. 500
    • Minimum contribution of Ksh.500 per month
    • Group membership for registered companies, Groups
    • Complete filled group/corporate membership application form with the following support documents.
      1. Minutes listing all members with members’ signatures/directors authorizing the officials to join the Sacco.
      2. Group constitution/Articles of Association.
      3. Group/Company registration certificate.
      4. Copies of National I.D. for group officials/Directors for companies.
      5. Passport photograph for group officials/Directors for companies.
      6. KRA PIN for each group official/company director.
      7. KRA PIN for registered companies.
      8. CR 12 Form for registered companies
      9. Contacts (Address, Residence, Mobile, Email) for officials/directors.
      10. Evidence of physical address for the company/group
    • Payment of an entrance fee of KES. 5,000.
    • Payment of share capital of KES 20,000 for the group/corporate
  2. How do I sumbit the membership application form?
    • Send it to marketing @mhasibusacco.com
  3. Who is a member?
    • One will enjoy the rights and privileges of membership, which includes loans and interest on deposit and right to participate in members activities Upon paying a registration, fee of KES 1000, minimum monthly contribution of KES 1,600 and the minimum share capital contribution of KES 10,000
  4. Can my spouse/children qualify to join the Sacco?
    • Yes, both spouse and children to already registered member are eligible to join the Sacco even if they are not accountants or do not meet other criteria of joining the Sacco.
  5. Do I need to pay registration fees to patronize other schemes say like the holiday and Mhasibu housing plots?
    • No, membership fee is paid only once at the initial stage of joining membership. This will entitle a member to free patronage of any scheme from the Sacco or subsidiary without additional fee.
  6. Must I belong to a constituency?
    • Yes, every member is placed under a constituency upon registration of membership
  7. How does the Sacco determine to which constituency I belong to as a member?
    • The Sacco is divided into 3  constituencies and a member is placed under a constituency based on their employment industry.
    • Audit & Accounting Consultancy Firms
    • Industry & Commerce, Company Secretaries
    • Public sector, Training institutions and other professionals

How can I know to what Constituency I belong to?

The Sacco is divided into 4 constituencies.

Audit and Accounting consultancy firms.

  • Employees of Advisory taxation, Accounting, auditing and consultancy firms.
  • Employees of accounting regulatory bodies i.e. ICPAK

Accountants in Training Colleges & KASNEB students.

  • Employees of institutions accredited by KASNEB, ACCA and National Examination Council.
  • KASNEB and ACCA students.
  • Students pursuing bachelor’s degree in accounting or finance option.

Industry and Commerce, Company Secretaries.

  • Accountants in private sector.
  • Registered members of ICPSK
  • Accountants in self employment

Public Sector, NGOs, other consultants, Diaspora & others.

  • Accountants working with NGOS.
  • Accountants in Diaspora.
  • Accountants working in Public Sector
  • Members of other professional bodies.