MEMBERSHIP QUERIES

  1. Who is legible to join the Sacco?
    • 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.
  2. How do I become a member?
    • You need to complete the membership application form available on our website: www.mhasibusacco.com. Pay a membership fee of KES.1, 000, and submit to Sacco office for registration.
  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 4 constituencies and a member is placed under a constituency based on their employment industry.

How can I know to what Constituency I belong to?

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.