A common bond is a unifying factor (that which brings people together). Two types of bonds generally exist as follows: Community bond The bond exists where members are resident in a particular locality or neighbourhood. A community bond caters to all people within the community. Occupational or associational bond The bond provides for people of the same occupation or for those employed by a common employer or who belongs to the same profession. *Open Bond SACCOs can be comprised of both Community and Occupational Bonds.