Member terms and by-law summary

REES SACCO Terms and Conditions

This page summarizes the by-laws you supplied for Rachuonyo East Entrepreneurs Savings and Credit Co-operative Society Limited and explains how those rules relate to the current member portal.

Live account scope from 01 Jan 2026 By-laws and applicable law prevail Updated 05 Jun 2026
Register Back to login
The portal is a digital service layer. It supports transparency and operations, but it does not override the registered by-laws, the Co-operative Societies Act, or properly approved society resolutions.
Society name
Rachuonyo East Entrepreneurs Savings and Credit Co-operative Society Limited
Area of operation
Rachuonyo East Sub County
Registered office
Kadongo Market
Postal address
P.O. Box 84-40223, Kadongo
Financial year
01 January to 31 December
By-law entrance fee
Ksh. 200
Minimum share capital
50 shares x Ksh. 100 = Ksh. 5,000
Member voting right
One member, one vote
Withdrawal notice
60 days in writing
Clauses 6-21

Membership, rights, and obligations

Membership is intended for entrepreneurs in the society's common bond, aged 18 years and above, of sound mind and good character, and willing to comply with the society's by-laws.

Admission is by application, committee consideration, and entry into the member register with a membership number.
Members have the right to attend general meetings, vote, be elected where eligible, use society services, and access legitimate society information at the registered office.
Members must comply with by-laws, keep required payments up to date, and meet obligations owed to the society.
Every member should maintain nominee records and keep profile details accurate for transparency, succession, and member support.
Membership may cease through death, withdrawal, expulsion, unsound mind, transfer of shares, six months of non-remittance without valid reason, or loss of qualification subject to the by-laws.
Clauses 22-29

Funds, entrance fee, shares, deposits, and receipts

The by-laws state the society's capital structure, receipt discipline, and reserve handling. Members should understand both the capital requirement and the documentary trail for every payment.

The by-laws supplied for this portal state an entrance fee of Ksh. 200 and a minimum holding of 50 shares of Ksh. 100 each.
Society funds may include entrance fees, shares, member deposits, administration fees, penalties, reserves, surplus, gifts, donations, and lawful miscellaneous income.
Every payment into the society should be evidenced by a receipt, and members should be identifiable on the receipt record.
Members should receive regular statements at least once every three months showing shares, deposits, and loan transactions.
Reserve-fund decisions, surplus distribution, and borrowing powers are controlled by the Act, the by-laws, and general-meeting authority.
Clauses 56, 66-75

Loans, qualification, security, and guarantors

Loans are member-focused facilities and should only be granted for worthy and approved purposes, for a defined term, at a fixed rate, and with proper committee approval.

The portal currently enforces the SACCO's live qualification rule that a member's request must satisfy both the 3x savings rule and the 10x shares rule before a loan can proceed.
Every loan application should state the amount, purpose, repayment plan, and security details, and should remain on file as a permanent society record.
The credit committee reviews applicants and guarantors, then forwards recommendations to the management committee for approval.
Security may include the member's own shares and deposits, guarantor support, and any additional security the committee lawfully requires.
The by-laws also restrict guarantor usage, including a cap on how many loans one guarantor may support and special restrictions around committee roles.
Early repayment is allowed, but changes to terms or extensions should be exceptional and treated as fresh approval matters under the by-laws.
Clauses 30-58

Member conduct, meetings, committees, and discipline

The society is governed through annual and special general meetings, an elected management committee, a supervisory committee, and defined committee duties under the law and the by-laws.

The annual general meeting should be held within four months after the financial year ends.
General meetings require notice, quorum, minute-keeping, and one-member-one-vote participation.
Management-committee membership, supervisory-committee oversight, and sub-committee work all have by-law qualifications and limits.
Suspension and expulsion require due process, including written notice, time to respond, inquiry, committee findings, and escalation through the proper society organs.
Committee members and staff must act prudently, avoid conflicts, and handle society affairs in a lawful and businesslike way.
Clauses 13, 19-21, 61, 79-80

Records, privacy, statements, and document access

The by-laws require structured record-keeping and confidentiality. The portal is part of that record system, but it does not replace official registers or statutory books.

The society should keep accurate member registers, minute books, cash books, ledgers, loan registers, asset registers, and other prescribed records.
Member, committee, and staff information should be treated confidentially except where disclosure is allowed by law or by the by-laws.
Nominees, dependents, and account activity should be kept current so the society can administer benefits, statements, and succession correctly.
Members may inspect the by-laws, certificate, and other lawful records in line with the rights granted under the by-laws and applicable law.
Portal usage rules

Digital portal rules and current operating notes

These additional portal rules explain how the online system currently works so that members, staff, and committees understand what is live, what is archived, and what still needs official governance alignment.

Portal balances are intentionally live from 01 Jan 2026 onward using brought-forward opening balances plus verified 2026 onward activity. Older records remain visible as legacy or reference data.
Members must keep login credentials, OTP codes, and device access private. Activity initiated through a member login is treated as that member's portal action unless formally disputed.
The portal currently tracks a Ksh. 550 registration clearance requirement in live account views. Society management should ensure that this operating rule is formally aligned with the registered by-laws and any later resolutions.
Member-initiated M-Pesa prompt flows and deeper payment automation are being prepared in stages. Where a feature is labelled coming soon, staff or approved manual posting rules still apply.
Referral rewards shown in the portal are operational programme rewards. They only qualify after the referred member fully clears the required registration amount in the live system and after any validation checks are satisfied.
Clauses 78-82

Disputes, amendments, and contact

The portal is meant to reduce disputes through transparency, but disagreements can still arise. Those disputes should be handled through the SACCO's lawful channels.

Disputes touching the business of the society should first follow internal society channels and, where unresolved, move to the Co-operative Tribunal as provided by the by-laws and the Act.
Appeals from the Tribunal may proceed to the High Court as allowed by law.
By-laws only become effective or amended through the proper legal process and registration requirements.
Members should contact the SACCO office or management committee when they need clarification on balances, loan terms, governance actions, or member-rights questions.
Portal interpretation

How to read this page together with the portal

This page is designed to make the by-laws easier to understand inside the portal without forcing members to read the whole legal document on every visit.

This page is a practical member-facing summary built from the by-laws text supplied to the portal.
Where this summary conflicts with the full registered by-laws, the full registered by-laws, the Act, and formally approved society resolutions prevail.
If the society changes fees, products, contribution thresholds, or governance practice, the by-laws and this page should be updated together for accountability.