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Frequently Asked Questions (FAQs)

CUEA Staff, CUEA affiliate and constituent colleges, CUEA SACCO staff, CUEA Students, spouse or child of members.

This is the permanent member contribution towards the Sacco capital which cannot be withdrawn even on exit but instead can be transferred to another willing member. Each member is required to acquire a minimum share capital of Ksh 10,000.

No. It is not a must. So long as you have regular income from either employment, business, trade or any other legitimate source.

• Kenyan National Identity Card or Passport
• Non-Refundable Registration Fee of Ksh 1,000
• Minimum Share Capital of Ksh 10,000

You can register online through the Member Registration page, physically visit our office, or download the registration form and email it to info@cueasacco.com.

Dividends are the proceeds that a member earns from shares and deposits. They depend on the Sacco's performance and are declared during the AGM.

The SACCO declares dividends on share capital and interest on deposits based on annual financial performance.

Guarantors.

A guarantor must be actively contributing and able to repay the guaranteed amount if the borrower defaults.

We currently operate from Catholic University of Eastern Africa (CUEA), Karen Campus, Nairobi.

Fill in the Deduction Change Form available at the Sacco office or download it from the website.

A nominee is the person designated by a member to receive benefits upon the death of the member.

You can view contribution statements through the Member Portal.

No. Share capital is not refundable but may be transferred to another member.

You must save consistently for at least six months.

Normal Loan, Emergency Loan and School Fees Loan.

You will earn dividends, access affordable loans, grow your savings and enjoy investment opportunities.
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