Home Business Sacco, formerly known as Ndunyu Self Help Group, is a well-established deposit-taking Sacco that has been in operation since 1999. Over the years, the Sacco has grown significantly, amassing an asset base of more than Ksh 0.27 billion. It serves a diverse membership base, providing an array of financial services designed to support small businesses, farmers, and individuals looking to improve their financial standing.
Membership
Becoming a member of Home Business Sacco is straightforward. Individuals interested in joining must complete a registration form, provide a copy of their Identity Card (ID), and pay a non-refundable registration fee of Ksh 500. Membership opens the door to a variety of savings and loan products, as well as other services offered by the Sacco.
Home Business Sacco Products and Services
Home Business Sacco provides a wide range of financial products and services to meet the diverse needs of its members. These include both loan and savings products, as well as additional financial services.
Loan Products
- Normal Loan: Standard long-term loans for personal or business use.
- Emergency Loan: Quick access to funds in times of need.
- Education Loan: Loans designed to cover school fees and education-related expenses.
- Business Machinery Microleasing: Financing for the purchase of business equipment.
- Beekeeping Microleasing: Loans for farmers engaged in beekeeping activities.
- LPO Financing: Loans for businesses with Local Purchase Orders (LPOs).
- Commercial Transport Microleasing: Financing for commercial transport vehicles.
- Livestock Microleasing: Loans for livestock acquisition and management.
- Farming Equipment Microleasing: Financing for purchasing farming tools and machinery.
- Greenhouse Equipment: Loans to help farmers invest in greenhouse farming infrastructure.
- Loan Against Fixed Deposits: Borrow against your fixed deposits for added financial flexibility.
Savings Products
Home Business Sacco offers both FOSA (Front Office Service Activities) and BOSA (Back Office Service Activities) savings products, each tailored to suit various financial goals and needs.
FOSA Savings Products:
- Ordinary Savings Account: A basic savings account with easy access to funds.
- Fixed Deposit Account: Earn interest on deposits held for a fixed term.
- Home Business Junior Account: A savings account specifically designed for children.
- Salary Account: A convenient account for salary deposits and withdrawals.
BOSA Savings Products:
- Normal Deposits: Regular savings for Sacco members.
- Holiday Savings: Save for vacations and holidays.
- Normal Shares: Members can purchase shares, which provide dividends and loan security.
Additional Services
- Banking Services: Standard banking services, including withdrawals, deposits, and account management.
- Sacco Agency: Members can access Sacco services through various agency outlets.
- CRB Agency: The Sacco helps members check their credit status with Credit Reference Bureaus (CRBs).
- Insurance Services: Access to insurance products for personal and business needs.
- Cooperative Bank Agency: Members can access Cooperative Bank services through the Sacco’s branches.
List Of Home Business Sacco Branches In Kenya
Home Business Sacco operates several branches across Kenya, making it accessible to its members in different regions. Below is a list of its branches and their contact information:
1. Head Office
- Location: Nyahururu Town, Koinange Street, Tek Bizz Centre, directly opposite Spear Supermarket.
- Contact: 0723 776 530
- Email: homebusinesssacco@gmail.com
2. Sipili Branch
- Contact: 0742 689 539
3. Rumuruti Branch
- Contact: 0743 802 281
4. Kinamba Branch
- Contact: 0742 817 055
5. Jebi Branch
- Contact: 0743 802 283
6. Oljororok Branch
- Contact: 0110 007 181
These branches serve the financial needs of a growing number of members, offering tailored savings, loans, and financial services to enhance economic empowerment across different sectors.
Conclusion
Home Business Sacco continues to make strides in supporting the financial well-being of its members. With an extensive product range and a growing branch network, the Sacco remains committed to fostering savings, access to credit, and overall financial inclusion. Members benefit from the Sacco’s dedication to providing financial solutions that cater to both individual and group needs, especially those engaged in agriculture, business, and microenterprises.
