K-Unity Sacco, originally known as Kiambu Unity Finance Co-operative Union, was founded in 1974 following the merger of Limuru Marketing Co-operative Union and Kiambu Dairy Marketing Union. This union was aimed at providing savings and credit services to dairy and pyrethrum farmers in Kiambu County.
Over the years, K-Unity Sacco has expanded its reach and now boasts over 100,000 members across Kiambu, Nairobi, Nakuru, and Nyandarua counties, with an asset base exceeding Ksh 5.72 billion. The Sacco continues to offer a wide range of financial products designed to meet the diverse needs of its members.
K-Unity Sacco Membership Eligibility
K-Unity Sacco membership is open to all Kenyans, regardless of their sector. Whether you are a farmer, a government employee, or a business person, K-Unity Sacco has tailored its products and services to accommodate various needs. Here is a breakdown of those eligible for membership:
- Farmers
- Business people
- Active and retired members of the Teachers Service Commission (TSC)
- County and national government employees
- Private sector employees
- NGO employees
- Employees from various other sectors
K-Unity Sacco Membership Requirements
To become a member of K-Unity Sacco, applicants need to meet the following criteria:
- Complete a membership application form, available on the Sacco’s website or at any K-Unity office.
- Pay a membership fee of Ksh 500.
- Provide a copy of a valid National ID and KRA PIN certificate.
- Submit passport-size photos.
K-Unity Sacco Products
K-Unity Sacco offers a variety of loan, savings, and insurance products, ensuring that members have access to financial solutions for different aspects of life.
1. Loan Products
K-Unity Sacco provides several categories of loans:
- Agri Loans:
- Kilimo (unsecured): Designed for farmers without collateral.
- Kilimo (secured): For farmers with collateral.
- Mifugo: For livestock-related activities.
- Kilimo advance.
- Tea bonus advance.
- SME Loans:
- SME (unsecured): Ideal for small businesses without collateral.
- SME (secured).
- Salary Loans:
- Salary (unsecured).
- Salary advance.
- Salary (secured).
- Group Loans:
- Microfinance loans.
- Chama loans (group savings).
- Other Loans:
- Jijenge loan: For development projects.
- Society development loan.
- Asset finance loan.
- Overdraft loan.
- Trade financing.
- Insurance premium financing.
2. Savings Products
K-Unity Sacco also offers a range of savings accounts to suit different financial goals:
- Akiba savings account: Ideal for regular saving.
- Boresha account: For individuals looking to grow their savings.
- Jijenge deposit: Aimed at long-term savings.
- Shirika savings account: For businesses and groups.
- Watoto account: A savings account for children.
- School fees account: For education-related savings.
- Holiday savings: A dedicated account for holiday funds.
- Benevolent fund: A welfare fund.
- Imarisha savings: For individuals seeking to build financial security.
- MFI member savings.
- Chama saving: A savings account for groups.
3. Diaspora Account
K-Unity Sacco also caters to Kenyans in the diaspora with a specialized savings account. The requirements for opening a diaspora account include:
- A copy of KRA PIN.
- A passport-size photo.
- A copy of your National ID or Passport.
- Proof of address.
4. Mapa Insurance
The Sacco offers a variety of insurance products under the Mapa Insurance program:
- Motor Insurance:
- Comprehensive.
- Third party.
- Motorcycle insurance.
- Fire insurance.
- Burglary insurance.
- Biashara salama (business protection).
- Micro Insurance:
- Livestock insurance.
- Standard personal accident insurance.
- Jilinde personal accident insurance.
- Domestic package.
- All risk insurance.
- Work injury benefit.
- Travel insurance.
- Bond insurance.
- Health insurance.
K-Unity Sacco Contacts
For any inquiries, you can reach K-Unity Sacco at their head office located at K-Unity Building, Biashara Street, Kiambu Town.
- Contact: 0707 424 774
Joining K-Unity Sacco opens the door to a wide range of financial opportunities, from savings and credit facilities to insurance services. Whether you are looking for a loan to grow your business or a savings account for your child’s education, K-Unity Sacco offers tailored solutions for your financial needs.
