About Us
About YEGO Drivers Sacco
Savings never go out of fashion
YEGO drivers Sacco is a savings and credit co-operative society born of the premise that we are who we are because a transport industry worker believed in us. Formed in 23rd November 2022 to provide transport operators with the opportunity to access funds to develop and improve their economic and social status. It was started with a membership of 38 members all from the transport industry.
- Mission-Driven
- Member-Centric
- Community Support
- Diverse Services
- Transparency
- Financial Empowerment
- Collective Strength
- Sustainable Growth
YEGO Drivers Sacco is trusted by 15,000 users across the country
Register today and become a member of the only Sacco that has your intrests at heart.
Why Choose Us
Move forward to be financially stable
- The interest paid on the society’s loans is redistributed back to members as interest on deposit and dividends.
- The members have free access to the society’s Board and Management.
- Members have a great say in the management of the Society and are represented in the supreme governance organ of the Society (AGM) by their delegates.
- The Society has a human face when dealing with its members.
- The members are the owners of the society and have a unique relationship with the society as they are also customers.
- The society’s credit products are competitively priced as compared to other financial institutions.
Make the smart move of Savings
Smart savings today lead to financial security tomorrow. Start saving now for a more secure and prosperous future.
Financial Support
Joining Yego Drivers SACCO provides drivers with access to financial support, savings plans, and loans, improving their financial stability and growth opportunities.
Emergency Loans
Emergency loans offer quick, accessible funds to help members handle urgent financial needs, ensuring support during unexpected situations
Insurance Loans
Insurance loans offer financial support to help members secure personal, family, or vehicle insurance, ensuring coverage and peace of mind.
Meet Our Team
Join the Team that understands you BETTER!
We’re here to support your financial journey with personalized services and a deep commitment to your needs.
Meet All Team
Paul Muthiora
Chairman
Kamanda Waweru
Vice Chairman
Join YEGO Sacco
Why Wait?
Joining Yego Drivers SACCO ensures access to financial support, collective bargaining, and shared resources, empowering drivers for better working conditions, savings opportunities, and improved earnings potential.
Vision
To be a model Sacco to our member offering quality financial services and products to her members and customers.
Mission
Enhance the socio economic well-being of members through mobilization of resources and efficient provision of competitive financial products and services.
Commitment
We’re committed to enhancing our members’ well-being by offering quality financial services and efficiently mobilizing resources for their growth.
FAQs
How can we help?
Some of the most and frequently asked questions by other users.
If you forgot your password, just click on the ‘’forgot password’’ link on the log in page to reset it.
What am I required to provide during loan application?
Identity Card (Original)
KRA Pin
Loan Application form
What is the procedure of claiming funds for a deceased member?
Provide a Death Certificate.
Properly filled Claim form
Original ID,s and copy of the claimant.
What is the requirement of re-joining?
Re-joining is free however a member shall be required to deposit Kes.2000 into their accounts.
Do I need guarantors/Security when applying for a loan?
For loans above one’s savings, a member shall be required to have Guarantors/Security.
For loans within one’s savings, a member shall not require Guarantors/Security however only 25%of your savings shall be eligible for loan application.
Dividends are a way for Sacco’s to share their profits with Shareholders/Members where members receive payments depending with the financial performance.
Why is my deposit still pending?
Sometimes there could be a glitch either on your side or our side but just to be sure always contact us via info@driverssacco.com
When am I eligible for a loan?
Six (6) months after registration qualifies a member to apply for a loan on any category 4 times your savings and having a minimum of 50 shares.
What does one need to qualify as a guarantor?
For one to qualify as a guarantor, the following shall be looked into:
- One should not have any pending or defaulted loans.
- Their savings shall be equal or more than the member being guaranteed.
- One should be 18 years and above.
- A guarantor should have at least 50+1 share deposits against the member being guaranteed.
- The Sacco shall also asses the financial stability which may include having assets or savings that can be used to cover the debt if necessary.
Is there a limit to the amount one can own as Share Capital?
No member, other than a co-operative society, shall hold more than one-fifth of the issued and paid-up share capital of any co-operative society.