Capital Sacco Society Ltd is a leading deposit-taking Savings and Credit Co-operative Society (Sacco) in Kenya, renowned for its commitment to financial inclusion and innovative banking solutions. Established in 1972, it has grown from serving Meru’s farmers to empowering a diverse membership base across Kenya. With the advent of mobile banking, Capital Sacco’s USSD code (*346#) and Paybill number (520100) have revolutionized how members access financial services. This comprehensive guide explores Capital Sacco’s USSD and Paybill services, membership process, financial products, branch network, and more, providing everything you need to know to leverage these tools for seamless banking.
A Brief History of Capital Sacco
Capital Sacco began as a financial arm of the Meru Farmers’ Co-operative Union Ltd in 1972, serving dairy and coffee farmers. In 2005, it became an independent entity named Meru Farmers Sacco. By 2012, it rebranded to Capital Sacco, expanding its membership to include entrepreneurs, salaried individuals, institutions, youth, and children nationwide. Today, with an asset base exceeding Ksh 4.49 billion, Capital Sacco is among Kenya’s top deposit-taking Saccos, regulated by the Sacco Societies Regulatory Authority (SASRA).
Key Milestones
- 1972: Founded as part of Meru Farmers’ Co-operative Union Ltd.
- 2005: Separated to form Meru Farmers Sacco.
- 2012: Rebranded to Capital Sacco, adopting a national outlook.
- Current Status: A leading Sacco with over Ksh 4.49 billion in assets.
Capital Sacco Contact Information
For inquiries, support, or membership details, Capital Sacco offers multiple contact channels:
Headquarters
- Physical Address: Kenyatta Hwy, Meru, Kenya
- Postal Address: P.O. Box 1479-60200, Meru
- Phone Numbers:
- Support/Inquiry: +254 791 018 137
- Additional Lines: +254 708 843 287, +254 708 843 288
- Email Address: info@capitalsacco.co.ke
- Website: www.capitalsacco.co.ke
Branch Network
Capital Sacco’s extensive branch network ensures accessibility across Kenya. Key branches include:
- Meru: +254 708 843 287
- Gatimbi: +254 703 766 016
- Kinoro: +254 703 769 039
- Githongo: +254 703 770 743
- Kionyo: +254 703 769 848
- Mitunguu: +254 703 769 460
- Chaaria: +254 703 770 696
- Nairobi: +254 729 267 393
- Kanyakine: +254 703 770 760
- Nkubu: +254 703 770 361
- Kiangua: +254 703 770 606
- Timau: +254 703 766 521
- Kangeta: +254 706 715 824
- Kibirichia: +254 703 766 534
- Igoji: +254 703 770 739
Operating Hours
- Monday to Friday: 8:00 AM to 4:00 PM
- Saturday: 8:00 AM to 12:00 PM
- Sunday: Closed
Capital Sacco USSD Code: How to Use *346#
The USSD code *346# is a game-changer for Capital Sacco members, offering a quick and convenient way to access banking services from any mobile phone. This service is particularly valuable for members in remote areas or those without smartphones, as it requires no internet connection.
How to Withdraw Money Using *346#
Follow these simple steps to withdraw funds to your M-Pesa account:
- Dial *346# on your mobile phone.
- Select option 1 from the menu.
- Choose the account you wish to withdraw from.
- Enter the amount to withdraw.
- Input your PIN.
- Wait for a confirmation message.
- The funds will be transferred to your M-Pesa account.
Other USSD Services
The *346# USSD platform also supports:
- Checking account balances.
- Requesting mini-statements.
- Applying for loans.
- Transferring funds between accounts.
- Paying bills or loan installments.
Note: Ensure you have your PIN ready and sufficient airtime to use the USSD service. Contact Capital Sacco support at +254 791 018 137 for assistance if you encounter issues.
Capital Sacco Paybill Number: How to Deposit Using 520100
Capital Sacco’s Paybill number, 520100, enables members to deposit funds directly from their M-Pesa accounts, making saving and loan repayments effortless.
How to Deposit Money Using Paybill 520100
Follow these steps to deposit funds:
- Go to the M-Pesa menu on your phone.
- Select “Lipa na M-Pesa” and choose “Paybill.”
- Enter the Paybill number: 520100.
- Enter your Capital Sacco account number as the account number.
- Input the amount to deposit.
- Enter your M-Pesa PIN and send.
- Wait for a confirmation message from Capital Sacco.
Benefits of Using Paybill 520100
- Convenience: Deposit anytime, anywhere using your mobile phone.
- Real-Time Transactions: Funds reflect instantly in your Sacco account.
- Secure: M-Pesa’s secure platform ensures safe transactions.
- Accessible: No need to visit a branch or ATM.
How to Join Capital Sacco
Joining Capital Sacco is straightforward and open to a wide range of individuals and organizations. Here’s what you need to know:
Membership Eligibility
- Individuals aged 18 and above, of good character and sound mind.
- Organizations or institutions seeking financial services.
- Must maintain a minimum share contribution.
Membership Requirements
- Complete a Membership Application Form: Available at any Capital Sacco branch or downloadable from www.capitalsacco.co.ke.
- Pay a Registration Fee: Ksh 200 (non-refundable).
- Purchase Shares: Minimum of 30 shares at Ksh 100 each (total Ksh 3,000).
- Continuous Share Accumulation: Members are encouraged to build their shareholding over time.
- Provide Identification: Valid ID for individuals or relevant documentation for organizations.
Benefits of Membership
- Access to a variety of savings and loan products.
- Competitive dividend returns on savings.
- Low-interest loans tailored to agricultural, business, and personal needs.
- Digital banking services via USSD, mobile app, and e-banking.
- Participation in Sacco governance and decision-making.
For assistance with the membership process, visit a branch or contact +254 791 018 137.
Financial Products and Services
Capital Sacco offers a diverse range of financial products designed to meet the needs of its members, from savings accounts to specialized loans.
Savings Accounts
Capital Sacco provides both withdrawable and non-withdrawable savings accounts to promote financial discipline:
- Vijana Account: For youth, supporting savings and entrepreneurial ventures.
- Current Account: For salaried individuals and businesses, with cheque book issuance.
- Bidii Account: Encourages regular savings with high interest rates.
- Ordinary Account: A basic savings account for all members.
- Junior Account: For children, fostering early savings habits.
- Group Account: For investment groups, chamas, and table banking groups.
- Shared Deposit Account: For collective savings with competitive yields.
Loan Products
Capital Sacco’s loans cater to agricultural, business, and personal needs at affordable rates:
- Agricultural Loans:
- Tea Bonus Plus Classic Loan: For tea farmers leveraging annual bonuses.
- Dairy Welfare Loan: Supports dairy farmers’ farming and personal needs.
- Tea Picking Advance: Short-term loans for tea pickers.
- Coffee Development Loan: Enhances coffee farm productivity.
- Kilimo Tosha Loans: General agricultural financing.
- Business Loans: For entrepreneurs and small businesses to boost operations.
- Boda Boda Loan: For motorcycle business investments.
- Micro Credit Loans: Small-scale loans for micro-entrepreneurs.
- Development Loans: Long-term financing for personal or business growth.
Digital Banking Services
In addition to the USSD (*346#) and Paybill (520100) services, Capital Sacco offers:
- Mobile Banking: Access accounts and manage transactions via the Capital Sacco App (available on Google Play Store: https://bit.ly/MSACCO-APP).
- SMS Banking: Receive real-time account updates and alerts.
- E-Banking: Online platform for account management.
- Agency Banking: Access services through partnered agents.
Capital Sacco’s Branch Network
Capital Sacco’s 15 branches across Kenya ensure members can access services conveniently. Key branches include:
- Meru: +254 708 843 287
- Gatimbi: +254 703 766 016
- Kinoro: +254 703 769 039
- Githongo: +254 703 770 743
- Kionyo: +254 703 769 848
- Mitunguu: +254 703 769 460
- Chaaria: +254 703 770 696
- Nairobi: +254 729 267 393
- Kanyakine: +254 703 770 760
- Nkubu: +254 703 770 361
- Kiangua: +254 703 770 606
- Timau: +254 703 766 521
- Kangeta: +254 706 715 824
- Kibirichia: +254 703 766 534
- Igoji: +254 703 770 739
For specific branch addresses, visit www.capitalsacco.co.ke or contact the headquarters.
Capital Sacco’s Vision and Mission
Vision
To be a leading national Sacco offering superior financial services.
Mission
To provide quality, competitive, and innovative financial services that empower members to undertake economic activities and improve their income and welfare.
Core Values
- Quality Services: Prioritizing member satisfaction.
- Integrity: Upholding transparency and trust.
- Teamwork: Collaborative approach to service delivery.
- Innovation and Creativity: Embracing new technologies and ideas.
- Customer Focus: Tailoring services to member needs.
Community Engagement and Impact
Capital Sacco is committed to community development through corporate social responsibility (CSR) initiatives. For example, the Sacco has supported Marimba Children’s Home with donations and conducted marketing outreach to raise awareness about its services. These efforts align with its mission to eradicate poverty and empower Kenyans.
Supporting Agriculture
With its roots in Meru’s agricultural community, Capital Sacco continues to support farmers through tailored loans and savings products. Testimonials from tea and coffee farmers highlight how these products have alleviated financial burdens and boosted productivity.
Empowering Youth and Entrepreneurs
The Vijana Account and business loans empower young entrepreneurs and small business owners, fostering economic growth and job creation. By providing affordable credit and savings options, Capital Sacco helps members achieve financial independence.
How Capital Sacco Compares to Other Saccos in Kenya
Kenya’s Sacco sector is competitive, with institutions like Mwalimu National Sacco, Stima Sacco, and Harambee Sacco leading the market. Capital Sacco stands out for its agricultural expertise, nationwide reach, and innovative digital services. According to the 2023 Sacco Supervision Report, it ranks among the top deposit-taking Saccos with an asset base of over Ksh 4.49 billion.
Competitive Advantages
- Agricultural Focus: Specialized products for farmers.
- Inclusive Membership: Open to diverse clients, unlike profession-specific Saccos.
- Digital Innovation: USSD (*346#), Paybill (520100), and mobile app services.
- Affordable Loans: Competitive interest rates compared to banks.
Challenges and Opportunities
Capital Sacco faces challenges such as competition from banks and other Saccos, regulatory compliance, and the need for continuous innovation. However, opportunities include:
- Digital Expansion: Enhancing USSD and mobile app features to attract tech-savvy members.
- Strategic Partnerships: Collaborating with banks and fintechs to improve service delivery.
- Financial Inclusion: Expanding services to underserved rural areas.
Tips for Maximizing Your Capital Sacco Membership
To make the most of your membership, consider these tips:
- Use USSD and Paybill: Leverage *346# for withdrawals and 520100 for deposits to save time.
- Save Regularly: Contribute to savings accounts to earn high dividends.
- Invest Loans Wisely: Use loans for productive ventures like farming or business expansion.
- Download the Mobile App: Access the Capital Sacco App for convenient banking.
- Stay Informed: Follow updates on www.capitalsacco.co.ke and attend Sacco meetings.
- Engage in CSR: Participate in community initiatives to build networks and support local causes.
Capital Sacco Society Ltd is a trusted financial partner for Kenyans seeking to achieve financial independence. Its USSD code (*346#) and Paybill number (520100) make banking seamless, while its diverse savings and loan products cater to farmers, entrepreneurs, youth, and institutions. With a robust branch network, innovative digital services, and a commitment to community development, Capital Sacco is a leader in Kenya’s Sacco sector. To join or learn more, dial *346#, use Paybill 520100, or contact any branch listed above.
Frequently Asked Questions (FAQs)
1. How do I withdraw money from Capital Sacco using USSD?
Dial *346#, select option 1, choose your account, enter the amount and PIN, and wait for M-Pesa transfer confirmation.
2. How do I deposit money to Capital Sacco using M-Pesa?
Go to M-Pesa, select “Paybill,” enter 520100, input your account number and amount, then send.
3. What are the requirements to join Capital Sacco?
Complete a membership form, pay Ksh 200, purchase 30 shares at Ksh 100 each, and provide valid ID.
4. What types of loans does Capital Sacco offer?
Loans include agricultural (e.g., Tea Bonus Plus, Dairy Welfare), business, boda boda, micro-credit, and development loans.
5. How can I contact Capital Sacco?
Use +254 791 018 137, +254 708 843 287, +254 708 843 288, or email info@capitalsacco.co.ke. Branch contacts are listed above.
