Shirika DT Sacco, one of Kenya’s oldest and most established Savings and Credit Cooperative Societies (Saccos), was officially registered on April 24, 1969. Initially, its membership was exclusively drawn from employees of the Ministry of Co-operative Development, which serves as its parent ministry. However, over the years, Shirika DT Sacco has broadened its membership scope to include professionals from various organizations. Today, the Sacco has close to 8,000 active members and boasts deposits exceeding Kshs 3.5 billion.
Shirika Sacco Products & Services
Shirika DT Sacco offers a diverse range of products and services to its members through two main service channels: the Front Office Service Activity (FOSA) and the Back Office Service Activity (BOSA).
FOSA Products
The FOSA section provides members with convenient financial products and savings services. These include:
- FOSA Loan Products:
- Salary Advance
- Daraja Loan
- Asset Base Loan
- Asset Financing
- Vukisha Loan
- Tarajia Loan
- Group/Unganisha Loan
- FOSA Savings Products:
- Shirika Junior Account (for children)
- Masomo Savings (for education)
- Christmas Account (for holiday savings)
- Fixed Deposit Account
BOSA Products
The BOSA section focuses on long-term savings and loan products that help members achieve their financial goals, including development projects, emergencies, and personal investments.
- BOSA Loan Products:
- Senior Citizen Loan
- Mega Loan
- Nguvu Loan
- Smart Loan
- Mortgage Loan
- School Fees Loan
- Blu Loan
- Super Savers Loan
- College Fees Loan
- Emergency Loan
- Jiinue Loan (for business growth)
- BOSA Savings Products:
- Share Capital (a member’s stake in the Sacco)
- Deposit (savings for loan qualification)
- Burial Benevolent Fund (BBF) (for funeral expenses)
Shirika DT Sacco Membership Eligibility
Shirika DT Sacco has expanded its membership criteria to accommodate a diverse group of individuals and organizations. Eligible members include:
- Staff of various government ministries.
- Employees of reputable organizations.
- Teachers.
- Self-employed individuals.
- Self-help groups.
- Co-operative bodies.
- Retirees.
This broad eligibility criterion ensures that anyone seeking to improve their financial well-being through saving and borrowing can find a place in the Sacco.
Shirika DT Sacco Membership Requirements
To become a member of Shirika DT Sacco, applicants are required to meet certain conditions and provide the following documents:
- A duly filled application form. This form is available on the Sacco’s website for download.
- A registration fee of Kshs 1,000 (non-refundable).
- The first deposit, which should include Kshs 300 for the risk fund, is paid by all members.
- A copy of your National ID or passport.
- A copy of your current payslip, if employed.
- A passport-sized photograph.
These requirements ensure the Sacco maintains a secure and transparent membership process, which supports the financial security of its members.
Benefits of Shirika DT Sacco Membership
Shirika DT Sacco offers its members numerous benefits, both in terms of savings and loan facilities. Here are some of the key advantages of being a member:
- High dividends: Members benefit from high dividends, based on their savings and share capital.
- Timely payments: High interest on deposits and dividends is disbursed every February.
- Fast loan approvals: The Sacco approves emergency loans and all loans below Kshs 1 million on a daily basis.
- Flexible repayment periods: Loan repayment periods can extend up to 84 months, making it easier for members to manage their finances.
- Affordable interest rates: Shirika DT Sacco offers competitive interest rates on both savings and loans, often lower than those provided by conventional banks.
- Loan entitlement: Members can borrow up to three times their savings.
- Development loans: Long-term development loans are available for up to 84 months, enabling members to build homes or invest in their businesses.
Shirika DT Sacco Contacts
For further inquiries or to begin the membership process, you can contact Shirika DT Sacco through the following channels:
- Location: Kipande Road, Ngara Junction, Nairobi.
- Phone Contacts:
- 0734 897 817
- 0726 277 778
- 0724 610 745
Shirika DT Sacco continues to be a reliable and trustworthy partner in financial growth, helping Kenyans from various walks of life secure their future through savings and affordable loans. Whether you are an employee, self-employed individual, or retiree, Shirika DT Sacco offers an inclusive, member-centric approach to financial empowerment.
