Bingwa Sacco, a leading Savings and Credit Cooperative Society (SACCO) in Kenya, has been a cornerstone of financial empowerment since its inception in 1984. Formerly known as Kirinyaga Tea Growers Sacco, it was the first of its kind in Kenya and Africa, introducing Front Office Service Activity (FOSA) in 1993 and receiving a deposit-taking license from the Sacco Societies Regulatory Authority (SASRA) in 2011. With a robust network of 19 branches and an asset base of Ksh 6.82 billion, Bingwa Sacco serves over 190,000 members across diverse sectors, offering a wide range of financial products tailored to individual and business needs.
This comprehensive guide explores Bingwa Sacco’s branches, contact details, investment opportunities, loan products, services, and unique benefits.
Introduction to Bingwa Sacco: A Legacy of Financial Empowerment
Founded in 1984 and headquartered in Kerugoya, Bingwa Sacco has grown from a regional cooperative serving tea farmers to a national financial powerhouse. Its mission is to mobilize savings, provide affordable credit, and deliver diversified services through prudent management. The SACCO’s vision is to be the leading provider of viable financial services, fostering sustainable economic and social growth for its members. Bingwa Sacco’s commitment to core values like transparency, integrity, and quality has earned it accolades, including awards for Best Managed Sacco in Kenya and Best Customer Care.
With 19 branches across Kirinyaga, Nairobi, Kiambu, and Kajiado counties, plus mobile service units and service points, Bingwa Sacco ensures accessibility and convenience. Its innovative use of technology, such as mobile banking (6672#) and M-Pesa Paybill (765244), allows members to access services anytime, anywhere. Whether you’re a farmer, entrepreneur, or salaried professional, Bingwa Sacco offers tailored financial solutions to meet your needs.
Bingwa Sacco Branches and Contact Information
Bingwa Sacco operates a well-distributed network of 19 branches and several service points, ensuring members can access services close to home or work. Below is a detailed list of branches and their contact numbers, if you are searching for “Bingwa Sacco branches in Kenya” or “SACCO contacts near me.”, this is for you
Branch Locations and Contacts
- Kerugoya Branch (Head Office)
Address: Bingwa Sacco Building, Karatina-Kutus Road, P.O. Box 434-10300, Kerugoya
Phone: +254 725 713 471, +254 707 069 180
Email: info@bingwasacco.coop
Operating Hours: Monday–Friday: 8:30 AM–4:00 PM; Saturday: 8:30 AM–12:00 PM; Closed on Sundays and holidays - Kagumo Branch
Phone: +254 724 409 949 - Kimunye Branch
Phone: +254 746 555 252 - Karumandi Branch
Phone: +254 724 409 961 - Kiangai Branch
Phone: +254 724 409 937 - Kibirigwi Branch
Phone: +254 706 542 081 - Kiamutugu Branch
Phone: +254 712 478 584 - Kutus Branch
Phone: +254 748 036 311 - Ngurubani Branch
Phone: +254 724 410 004 - Kianyaga Branch
Phone: +254 724 410 073 - Kagio Branch
Phone: +254 724 409 985 - Nairobi Branch (Accra Road)
Phone: +254 707 304 620 - Gatwe Branch
Phone: +254 707 069 179
Service Points
Bingwa Sacco enhances accessibility through service points and mobile units, particularly in rural areas. These are ideal for members searching for “SACCO services near me.”
- Githurai Service Point: +254 712 490 307
- Ndiriti Service Point: +254 712 478 534
- Githure Service Point: +254 712 479 408
- Kandongu Service Point: +254 712 479 807
- Baricho Service Point: +254 712 478 442
- Kitengela Service Point: +254 793 773 535
Mobile Service Units
Bingwa Sacco’s mobile units bring services to remote areas, operating on a weekly schedule:
- Ndima and Thumaita: Mondays
- Thaita and Kiaragana: Tuesdays
- Kangaita and Kiamugumo: Wednesdays
- Mununga: Thursdays
- Kamwana: Tuesdays and Fridays
For complaints or inquiries, contact the Customer Care Desk at +254 799 979 535.
Investment Opportunities with Bingwa Sacco
Bingwa Sacco offers robust investment options, making it a top choice for those searching for “SACCO investments in Kenya.” Members can acquire shares and deposits through check-off deductions, cash, or standing orders, enjoying benefits like high dividends and interest rates.
Key Investment Benefits
- High Yearly Dividends: Competitive returns on shares and deposits, ideal for long-term wealth creation.
- High Annual Interest on Savings: Encourages a savings culture with attractive rates.
- Negotiated Interest Rates on Fixed Deposits: Flexible terms for higher returns.
- Free Financial Advisory Services: Expert guidance to optimize investments.
- Low Book Balance and Withdrawal Charges: Cost-effective account management.
- No Hidden Charges: Transparent financial dealings.
Investment Products
- Ordinary Savings Account: Ideal for individuals seeking secure savings with easy access and minimal maintenance.
- Fixed Deposit Account: Offers negotiated interest rates for fixed-term investments.
- Group/Chama Account: Tailored for groups like boda boda chamas, investment clubs, and community-based organizations, with high returns.
- Farming Accounts: Specialized accounts for tea, coffee, milk, and horticulture farmers, aligning savings with agricultural cycles.
- Bingwa Junior Account: Encourages savings for children, fostering financial literacy from a young age.
- Holiday Savings Account: Helps members save for vacations or festive seasons.
These products cater to diverse needs, making Bingwa Sacco a go-to for “best SACCO investment plans in Kenya.”
Loan Products: Affordable and Flexible Financing
Bingwa Sacco’s loan portfolio is designed to meet varied financial needs, from emergencies to business expansion.
Types of Loans
- Development Loan (Tea and Coffee): Payable within 1–5 years, ideal for agricultural investments.
- School Fees Loan: Repayable within 1 year, supporting educational expenses.
- Emergency Loan: Quick access to funds for urgent needs, repayable within 12 months.
- Biashara/Jiinue Loan: For business owners, repayable between 3 months and 3 years.
- Farming Advances: Supports rice, horticulture, coffee, and milk farmers, repayable within 6–12 months.
- Salary and Pension Advance: Short-term advances for salaried members and pensioners.
- Micro Credit Advances and Mkulima Booster: For small-scale farmers and entrepreneurs, repayable within 3–12 months.
- LPO and Tender Financing: Supports businesses securing contracts.
- Asset Financing: For purchasing vehicles or equipment.
- Mwangaza, Ng’ombe, and Nafaka Loans: Specialized loans for specific agricultural needs.
- Diaspora Loans: Tailored for Kenyans abroad.
- Youth and Women Fund: Empowers young entrepreneurs and women-led businesses.
Loan Security Options
- Collaterals: Title deeds or leases, up to 80% of value.
- Guarantors: Non-withdrawable deposits.
- Log Books: Valued at 50%.
- Fixed Deposit Accounts: Secure loan backing.
- Quoted Company Shares: Valued at 50%.
Bingwa Sacco’s fast approvals and affordable rates make it a top choice for “quick loans in Kenya.”
Banking and Other Services
Bingwa Sacco offers a wide range of banking and non-financial services, ensuring convenience and efficiency for members searching for “SACCO banking services Kenya.”
Banking Services
- Processing of Agricultural Payouts: Handles tea, coffee, horticulture, and dairy payments.
- Cheque Services: Offers personalized cheque books, internal cheques, and bankers’ cheques.
- Salary and Pension Pay Point: Streamlined processing for salaried members and pensioners.
- Standing Order Facilities: Automates payments for convenience.
- ATM Services: Visa-branded chip cards for secure transactions.
- Mobile Banking: Access accounts via 6672# or M-Pesa Paybill 765244.
Additional Services
- MoneyGram and M-Pesa Services: Facilitates local and international money transfers.
- Point of Sale (POS) Services: Supports cashless transactions.
- Safe Custody: Secure storage for documents and valuables.
- NHIF Agent: Assists with National Hospital Insurance Fund payments.
- Bingwa Prestige Insurance Agency: Offers life and non-life insurance products.
- Inua Jamii Agency: Supports government cash transfer programs.
- Investment Wing: Provides tailored investment advice and opportunities.
These services position Bingwa Sacco as a one-stop financial hub for members seeking “SACCO services in Kenya.”
Account Types and Requirements
Bingwa Sacco offers diverse account types to cater to individuals, groups, and businesses. Below are the key accounts and their requirements
Account Types
- Ordinary Savings Account: For individual savers.
- Biashara Account: For business owners.
- Salary and Pension Account: For salaried professionals and retirees.
- Group/Chama Account: For savings groups and investment clubs.
- Bingwa Junior Account: For children’s savings.
- Farming Accounts: For tea, coffee, milk, and horticulture farmers.
- Boda Boda Account: Tailored for motorcycle taxi operators.
- Mwangaza, Landlord, and Mama Boga Accounts: Specialized accounts for specific groups.
Requirements for Opening an Account
- National Identity Card: Mandatory for all applicants.
- Minimum Deposit: Varies by account type, ensuring affordability.
- Entrance Fee: Ksh 1,000 (one-time fee as per SACCO by-laws).
These requirements make account opening accessible, appealing to those searching for “how to join a SACCO in Kenya.”
Bingwa Sacco’s Achievements and Recognition
Bingwa Sacco’s commitment to excellence has earned it numerous accolades, reinforcing its reputation as one of the “best SACCOs in Kenya.” In 2023, it was recognized for:
- Best Managed Sacco in Kenya: Reflecting sound governance and financial management.
- Best Customer Care: Highlighting its member-centric approach.
With a loan book growth of Ksh 800 million to Ksh 4.67 billion in 2023, Bingwa Sacco continues to lead in the agri-based SACCO sub-sector. Its 40th anniversary in 2024 marked a legacy of growth and innovation.
Why Choose Bingwa Sacco?
Bingwa Sacco stands out for its member-focused approach, innovative products, and extensive branch network. Here’s why it’s a top choice for “SACCOs in Kenya”:
- Accessibility: 19 branches, service points, and mobile units ensure services are close to members.
- Affordable Products: Low interest rates, minimal fees, and flexible repayment terms.
- Technology-Driven Services: Mobile banking, M-Pesa integration, and Visa-branded ATMs.
- Diverse Offerings: From savings accounts to specialized loans, catering to all financial needs.
- Community Impact: Supports farmers, youth, women, and diaspora communities.
How to Join Bingwa Sacco
Joining Bingwa Sacco is straightforward, making it easy for those searching for “how to join a SACCO in Kenya”:
- Visit a Branch or Service Point: Use the contact details above to locate the nearest branch.
- Complete the Registration Form: Available at branches or online via www.bingwasacco.coop.
- Submit Requirements: Provide a National Identity Card and pay the Ksh 1,000 entrance fee.
- Make an Initial Deposit: Start saving with a minimum deposit based on the account type.
- Access Services: Enjoy loans, savings, and other benefits upon membership approval.
Contact Bingwa Sacco
For further inquiries, reach out to Bingwa Sacco through:
- Website: www.bingwasacco.coop
- Email: info@bingwasacco.coop, bingwasaccolimited@yahoo.com
- Phone: +254 725 713 471, +254 707 069 180
- Customer Care Desk: +254 799 979 535
- Social Media: Facebook (Bingwasaccoltd), Twitter (@bingwasaccoltd)
Bingwa Sacco Limited is more than a financial institution; it’s a partner in your financial journey. With its extensive branch network, diverse investment and loan products, and commitment to customer care, Bingwa Sacco empowers Kenyans to achieve their financial goals. Whether you’re seeking “SACCO loans near me,” “best investment SACCOs in Kenya,” or reliable banking services, Bingwa Sacco delivers. Join today and take the first step toward financial freedom.
