While Kingsize Sacco is committed to growing with you throughout your financial journey, we understand that members may wish to exit at some point. The process is guided by transparency and fairness to ensure a smooth transition.
Steps to Exit Kingsize Sacco
- Write a 60-Day Notice
Submit a written notice to the Sacco indicating your intention to withdraw. - Substitute Guarantors
If you have guaranteed loans for other members, you’ll need to arrange substitutes to take your place. - Clear Loan Balances
Ensure that your outstanding loan balances do not exceed your deposits. This condition must be met before exiting. - Refund of Deposits
Once all conditions are met, the Sacco will process and refund your deposits before the lapse of the 60-day notice period.
At Kingsize Sacco, we value every member’s journey. Whether you’re joining or choosing to exit, we aim to make the process straightforward, fair, and respectful..
