Capital Sacco is one of the largest and most established deposit-taking Savings and Credit Cooperative Societies (Sacco) in Kenya. It was founded in 1972 as a section of the Meru Farmers Co-operative Union Ltd., serving members of affiliated dairy and coffee societies. Over time, Capital Sacco has evolved and expanded its services to a wider range of members, including entrepreneurs, salaried individuals, institutions, youth, and children from all over Kenya.
History and Rebranding
Capital Sacco began as a cooperative movement under the Meru Farmers Co-operative Union, mainly serving agricultural communities. In 2005, it officially split from Meru Farmers Co-operative Union to become its own entity, known as Meru Farmers Sacco. In 2012, the Sacco rebranded to Capital Sacco, opening its doors to a broader customer base and providing financial services to members across the country, transforming into a national Sacco.
With an asset base of over Ksh 4.49 billion, Capital Sacco is considered one of Kenya’s leading deposit-taking Saccos, providing financial solutions that cater to both urban and rural populations.
How to Become a Member
Becoming a member of Capital Sacco is a straightforward process that requires:
- Filling out a membership application form – Available at any of the Sacco’s branches or their website.
- Paying a registration fee – A non-refundable fee of Kshs 200 is required.
- Purchasing shares – New members must purchase a minimum of 30 shares at Kshs 100 each, making the initial share capital requirement Kshs 3,000.
Membership Eligibility
To join Capital Sacco, you must meet the following criteria:
- Be 18 years or older.
- Be of good character and sound mind.
- Have a minimum share contribution.
- The Sacco welcomes both individuals and organizations.
Products and Services
Capital Sacco offers a variety of financial products and services aimed at addressing the financial needs of its members, including savings accounts, loans, and other value-added services.
Accounts
- Vijana Account: For the youth looking to start saving early.
- Current Account: For salaried individuals and businesses needing frequent transactions.
- Bidii Account: A savings account for business owners.
- Ordinary Account: A basic account for everyday savings and transactions.
- Junior Account: Designed for children and minors to learn the habit of saving early.
- Group Account: For welfare groups, chamas, and cooperatives.
- Shared Deposit Account: For group contributions or shared financial projects.
Loans
Capital Sacco offers various loan products to meet diverse financial needs:
- Agricultural Loans: To support farmers in boosting productivity.
- Tea Bonus Plus Classic Loan: For tea farmers leveraging their annual tea bonuses.
- Dairy Welfare Loan: For dairy farmers.
- Tea Picking Advance: Short-term loans for tea pickers.
- Coffee Development Loan: Aimed at coffee farmers for farm improvements.
- Kilimo Tosha Loans: General agricultural financing.
- Business Loans: For entrepreneurs and small businesses.
- Boda Boda Loan: For those looking to invest in motorcycle businesses.
- Micro Credit Loans: Small-scale loans to support micro-entrepreneurs.
- Development Loans: Long-term loans for personal or business development.
Services
In addition to accounts and loans, Capital Sacco provides a range of financial services:
- Mobile Banking: Convenient banking services accessible via mobile phones.
- Cheque Book Issuance: For business and current account holders.
- Agency Banking: Banking services through authorized agents.
- VISA-branded ATM Cards: Members can access their funds at any VISA-branded ATM.
- Salary and Pension Processing: For easy deposit of salaries and pensions.
- Standing Orders: For automated bill payments and transfers.
- Sale of Bankers Cheques: Available for members who need guaranteed payment solutions.
List of Capital Sacco Branches in Kenya
Capital Sacco has expanded its presence across the country with several branches, ensuring accessibility for all its members. Below is a comprehensive list of its branches:
- Head Office
- Location: Meru
- Contact: 0708 843 287
- Email: info@capitalsacco.co.ke
- Gatimbi Branch
- Contact: 0703 766 016
- Kinoro Branch
- Contact: 0703 769 039
- Githongo Branch
- Contact: 0703 770 743
- Kionyo Branch
- Contact: 0703 769 848
- Mitunguu Branch
- Contact: 0703 769 460
- Chaaria Branch
- Contact: 0703 770 696
- Nairobi Branch
- Contact: 0729 267 393
- Kanyakine Branch
- Contact: 0703 770 760
- Nkubu Branch
- Contact: 0703 770 361
- Kiangua Branch
- Contact: 0703 770 606
- Timau Branch
- Contact: 0703 766 521
- Kibirichia Branch
- Contact: 0703 766 534
- Igoji Branch
- Contact: 0703 770 739
With its vast network of branches, Capital Sacco provides a wide range of financial services to its members across Kenya. The Sacco is committed to helping individuals, farmers, and business owners improve their financial well-being through effective saving and affordable lending products.
