Daima Sacco is one of Kenya’s leading deposit-taking Saccos with an asset base of Ksh 1.65 billion. Established on April 16, 1991, under the Co-operative Societies Act, the Sacco initially focused on serving tea growers, particularly those who were paid through the Kenya Tea Development Agency (KTDA). Over the years, the Sacco has expanded to accommodate members from all walks of life and sectors, promoting economic empowerment through savings, investment, and loan services.
In 2010, Daima Sacco rebranded from its former name, Mungania Tea Growers Sacco, and launched Front Office Service Activities (FOSA) to attract a broader membership from the general community.
The Sacco operates under the Co-operative Societies Act 2004, Sacco Society Act 2008, Sacco Society Regulations 2010, and is governed by its internal by-laws, policies, and procedures.
Daima Sacco Membership Eligibility
While Daima Sacco was originally established for tea growers, its membership has since broadened. Today, anyone is free to join the Sacco, making it inclusive for individuals, businesses, and institutions.
Daima Sacco Membership Requirements
There are different categories of membership, and the requirements vary depending on the type of account:
1. Individual Account:
- Must be 18 years or older.
- Provide a photocopy of your National ID.
- A passport-sized photo.
- Minimum opening balance of Kshs 400.
2. Business Account:
- Must have a registered business.
- A minimum balance of Kshs 400 is required.
- Withdrawals can be made more than once per day.
- Account statements available upon request.
- Can be used to access business loans.
- The business must have been operational for at least 6 months.
3. Institutional/Company Account:
- ID copies of officials or directors.
- Passport-sized photos of the officials or directors.
- Copy of certificate of incorporation.
- Copy of KRA PIN certificate.
- Articles of association.
- Tax compliance certificate.
- Current trade license from the county government.
- Extracted minutes from the board of directors authorizing the opening of the account.
4. Junior Account:
- A photocopy of the ID for the parent/guardian.
- A photocopy of the child’s birth certificate or birth notification.
- Passport-sized photos of both the parent/guardian and the child.
Contact Information
For more information or to inquire about joining Daima Sacco, you can contact their head office:
Head Office: Manyatta Market, Embu Town
Contact: 0758 362003
By becoming a member of Daima Sacco, you join a community that supports economic growth through savings, investments, and affordable credit. Whether you’re an individual, business, or institution, Daima Sacco provides financial solutions tailored to your needs.
