Jumuika Sacco is a prominent financial cooperative in Kenya, offering a wide range of savings and credit services to its members. Originally established as Chemelil Savings & Credit Cooperative Society on March 7, 1970, it was founded by employees of Chemelil Sugar Company, including contractors, sugarcane farmers, transporters, and outgrowers. The Sacco has since evolved, rebranded, and expanded to serve a broader community.
The Sacco’s growth over the decades reflects its commitment to meeting the financial needs of its members. In 2001, Jumuika Sacco introduced Front Office Service Activities (FOSA), providing members with crucial banking services such as salary processing, cheque clearance, farmers’ advance payments, and savings accounts. In 2012, the Sacco received its license from the Sacco Societies Regulatory Authority (SASRA) as a deposit-taking Sacco. Today, with an asset base of Ksh 0.22 billion, Jumuika Sacco is one of Kenya’s largest Saccos, serving a diverse range of members.
Who Can Join Jumuika Sacco?
Jumuika Sacco welcomes a wide variety of individuals and groups, including:
- Teachers (TSC employees)
- County and national government employees
- Employees of private institutions and NGOs
- Farmers
- Business community members
- Jua kali artisans, boda boda operators, and mama mbogas
- Welfare groups, youth groups, and women groups
The Sacco provides numerous products and services, including affordable loan packages, FOSA banking services, savings accounts, and microcredit loans for groups.
Jumuika Sacco Products and Services
1. BOSA Products
Jumuika Sacco offers loans to members with a competitive interest rate starting at 8.13% per year. The Sacco currently disburses an average monthly loan of Ksh 8.7 million, with a loan balance of Ksh 146,364,605. Available loan products include:
- Normal/development loans
- Emergency loans
- Education loans
- Premium loans
- Introductory loans
- Re-finance loans
- Pepea loans
2. FOSA (Front Office Service Activities)
FOSA offers essential banking services, including:
- Salary processing
- Cheque clearance
- Farmers’ advance payments
3. Savings Accounts
Members have access to various savings accounts, such as:
- Fixed deposit accounts
- Salary advance accounts
- Salary accounts
- Toto savings accounts (for children)
- Holiday savings accounts
4. Microcredit Loans
These loans are designed for groups, including women’s groups, youth groups, welfare groups, chamas, and merry-go-round groups, enabling collective savings and access to credit.
List of Jumuika Sacco Branches in Kenya
Below is a list of Jumuika Sacco branches across Kenya, providing convenient access to members for savings and credit services.
1. Head Office
- Location: Chemelil Sports Complex, Awasi Town
- Contact: 0100 312 144
- Email: jumuikasacco@gmail.com
2. Awasi Branch
- Contact: 0727 588 017
3. Ndhiwa Branch
- Contact: 0723 486 545
These branches are strategically located to serve members from different regions, ensuring that the Sacco remains accessible to its growing customer base. For more information or inquiries, you can visit the nearest branch or contact the Sacco through the provided phone numbers and email addresses.
Jumuika Sacco continues to uphold its mission of offering tailored financial solutions, empowering its members to improve their financial well-being and achieve economic growth.
