Nyala Vision Sacco, established on 18th February 2010, is a leading deposit-taking Sacco in Kenya. Registered under the Ministry of Co-operative and Marketing with registration number Cs/No 12444, the Sacco originally operated as a department of Nyala Dairy Multipurpose Co-operative Society, where it would distribute member payments in envelopes. Over time, it expanded to offer a wide range of financial services through its Back Office Savings Activities (BOSA) and Front Office Savings Activities (FOSA) sections, making it easier for members to save and access loans.
A Vision for Financial Growth
Aligned with Kenya’s Vision 2030, Nyala Vision Sacco aims to provide globally competitive financial services to its members, encouraging high levels of savings and offering funding for various investments. In 2013, the Sacco received its official license from the Sacco Societies Regulatory Authority (SASRA), further boosting its credibility. Currently, with an asset base of Ksh 0.76 billion, it stands as one of the country’s most prominent deposit-taking Saccos.
Nyala Vision Sacco Membership Eligibility
Nyala Vision Sacco welcomes a wide range of members from across Kenya, making it a versatile option for individuals, groups, and institutions. The following categories are eligible to join the Sacco:
- Farmers
- Groups (youth, self-help, welfare groups, and women’s groups)
- Business people
- Institutions and co-operative societies
- Pensioners
- Salaried individuals
- Children (membership through their parents or guardians)
Nyala Vision Sacco Membership Requirements
To become a member, different documents are required based on the type of membership being sought. Below are the key requirements:
- Individual Membership:
- Original copy of a National ID, Military ID, or Passport.
- Group Membership:
- Original and copies of IDs of all signatories.
- Original and copy of the group’s registration certificate.
- Business Accounts:
- Original and copies of IDs of business signatories.
- Original and copy of the business registration certificate.
- Junior Accounts:
- Copy of the child’s birth certificate.
- Original and copy of the parent’s or guardian’s National ID.
Membership Benefits
Joining Nyala Vision Sacco offers several benefits, including:
- Access to loans at competitive rates.
- Receipt of annual dividends based on shares.
- Ownership in the Sacco, giving members a say in its operations.
- Participation in Annual General Meetings (AGMs), where key decisions are made.
- Eligibility for election to the Board of Directors (BOD).
Nyala Vision Sacco Products
Nyala Vision Sacco offers a variety of financial products under two main categories: FOSA and BOSA.
- FOSA Products:
- Savings account
- Institution savings account
- Business savings account
- Fixed savings account
- Junior savings account
- Senior citizens savings account
- BOSA Products:
- Development loans
- Emergency loans
- School fees loans
- Microcredit loans
- Asset finance
- Milk advance (for dairy farmers)
- Salary advance
Contact Nyala Vision Sacco
For further inquiries or to join the Sacco, visit their office at Mahiga Plaza in Ndaragwa or contact them at 0710 401 129.
By providing access to a broad range of financial services, Nyala Vision Sacco is empowering its members to save, invest, and secure financial freedom. Whether you’re an individual saver or a group looking for financial stability, this Sacco offers a path to financial growth and prosperity in line with Kenya’s long-term economic vision.
