BANDARI Sacco is a licensed Deposit Taking Sacco (DTS) that offers a wide range of financial services, including savings and loans. It was established in 1975, initially called Harbours workers Savings and Credit Co-operative Society Limited. They later changed the name in 1985 to Bandari Sacco Limited.
Bandari Sacco was initially established to serve the employees of Kenya Ports Authority, Kenya Ferry Services, and Kenya Maritime Authority. However, its membership is now open to anyone, regardless of occupation.
The Sacco has seen significant financial growth since its inception and currently has over Ksh 10.01 billion in assets, serving more than 16,000 members. This makes it the biggest Sacco in the coastal region and one of the largest deposit-taking Saccos in Kenya.
With the introduction of FOSA in 2005, the Sacco experienced tremendous membership growth. This is partly due to the diverse services they began to offer, which appealed to a diverse group of people, including the youth, investment groups, welfare groups, SMEs, Kenyans in the diaspora, and many others. The Sacco has been able to provide its members with a high level of service and support, which has resulted in a high level of satisfaction and loyalty.
How to join Bandari Sacco and register as a member
Bandari Sacco is open to everyone. Anyone can join by simply filling out an account opening form and attaching the required identification documents (a copy of your ID and a passport-style photo).
Account opening requirements
The following are the requirements for opening various types of accounts with Bandari Sacco:
Personal Savings Account
- Copy of national ID
- Duly filled account opening form.
- Coloured Passport Photo
Groups/Chamas Account
- Certificate of registration-should be up to date
- Constitution of the group
- Minutes-recently taken indicating that you want to open an account at Bandari Sacco
- Copies of the National Identification cards of the officials
- Member listing-Names, ID Nos, Telephone NO:s and signatures
- Photos-will be taken at Bandari Sacco on the day of opening the account
Sole Proprietoe Account
- National ID card
- KRA pin
- Business registration certificate
Dau Junior Savings Account
- Copy of national ID of parent or guardian
- Copy of child’s birth certificate
- Duly filled Dau Junior account opening form
- The parent or guardian must be an account holder
Limited Company Account
- Company Certificate of incorporation and KRA PIN
- Directors’ ID copies and KRA Pins plus passport photos
- Board resolution on company letterhead and must be endorsed with the company seal
- Company’s articles and MOU
Society/Club Account
- Certificate of registration
- Minutes of the board resolution
- Signing mandate and photos
- Account signatories, copies of their national ID cards, and designation