Frequently Asked Questions (FAQs)
Q – Who can join SNAT SACCO?
Only teachers employed as civil servants (temporal or permanent) can join SNAT Savings and Credit Co-operative Society. This potential member must be willing to accept the responsibilities of membership, without gender, social, racial, political or religious discrimination.
Q – Which documents do I need to bring when joining SNAT SACCO?
- Current Payslip
- ID Card
- Passport Coloured Photo
- Proof of resident
- ID numbers of beneficiaries
- Name and address of two (2) next of Kins
Q – Can I join SNAT SACCO if I am a member of another SACCO?
Unfortunately, NO! You cannot join SNAT SACCO if you are member of another co-operative it is prohibited by the Cooperative Societies Act.
Q – How much is SNAT SACCO’s Joining fee?
Joining fee is E550.00 once off.
Q – What are the loan requirements?
SNAT SACCO loans are based on members ordinary savings. The following document are requirement of a loan application.
- Current Payslip
- 3 months Bank statement (except for short loans)
- Member’s net pay should be within 33%