In 2019, 12 Domestic Workers from the Domestic Professionals Association of Kenya (DPAK) started a welfare group with the purpose of saving, borrowing, and assisting each other during bereavement. After 3 years this initiative has blossomed into DPAK Sacco Ltd that was officially registered in the Register of Co-operative Societies, Registration No. CS/ 26878, under the Co-oper¬ ative Societies Act (Cap490) Laws of Kenya, in May 2022. DPAK Sacco Ltd is a Domestic Workers savings and credit cooperative that provides members with a platform to accumulate savings, access credit, invest, and grow economically. The Sacco addresses the unique financial challenges domestic workers face in Kenya and abroad by providing them with access to formal financial services. Our objective is to promote financial awareness and financial wellness of domestic workers.
NO. Domestic workers are the promoters but as long as you are 18 yearsand have an income then you are eligible to join.
What is the difference between shares and savings/deposits? Shares give you ownership rights and are paid once upon joining the Sacco. They are non-refundable but can be transferred to an existing member. Members earn dividends on their shares Savings/deposits are paid throught your membership period, they are refundable when one either dies or decides to end their membership. They detrmine how much loan you can access. Members earn interest on their deposits