Kenya Highlands Sacco, originally known as Kericho Tea Growers Sacco, was established on August 8, 1991, with the goal of improving the quality of life for its members through the provision of high-quality financial products and services. Registered under the Ministry of Co-operative Development and Marketing, the Sacco has grown into one of Kenya’s leading deposit-taking cooperatives. It now serves over 120,000 members and boasts an impressive asset base of 3.95 billion shillings.
Kenya Highlands Sacco operates under the Front Office Services Activity (FOSA) and Back Office Services Activity (BOSA) models, offering a wide range of services designed to meet the financial needs of its members.
Kenya Highlands Sacco Membership Eligibility
Kenya Highlands Sacco welcomes a diverse range of members from various sectors, making membership open to individuals from different walks of life, including:
- Tea Farmers: Whether large-scale or small-scale, tea farmers are core to the Sacco’s foundation.
- Dairy Farmers: Dairy farmers from across Kenya are eligible to join.
- Sugarcane Farmers: Farmers engaged in sugarcane farming can take advantage of the Sacco’s financial services.
- Coffee Farmers: Coffee farmers are welcome to become members and enjoy tailored financial solutions.
- Micro Groups: Microfinance and small business groups can become members and access a range of loan products.
- Public and Private Companies: Employees from public and private organizations can also become Sacco members.
- Employees of the Sacco and their Family Members: Staff of the Sacco and their families are eligible for membership.
Kenya Highlands Sacco Membership Requirements
To become a member of Kenya Highlands Sacco, certain basic requirements must be met:
- National Identification: Applicants must provide a valid Kenyan national ID.
- Registration Fee: A one-time registration fee of Kshs 150 is required.
- Good Character and Sound Mind: Prospective members should be of good moral standing and sound mind.
- Non-Involvement in Detrimental Activities: One should not be involved in money lending, daily cash collection, or any activities that conflict with the Sacco’s objectives.
- Commitment to Regular Savings: Members are required to commit to a regular savings program with the Sacco.
Rights of Members
As a member of Kenya Highlands Sacco, you gain several important rights that allow you to take an active role in the cooperative’s operations:
- Right to Vote: Members have the right to vote and participate in decision-making processes at zonal meetings.
- Right to Be Elected: Members can run for election into the Sacco’s governance structures, as long as they meet the necessary criteria.
- Use of Services: Members can access the Sacco’s financial services according to the policies approved by the board.
- Project Proposals: Members have the right to submit initiatives or projects to the board for consideration.
- Access to Information: Members can access legitimate information about the Sacco, including a detailed statement of their accounts at least once a year. Any additional requests may require a small fee.
- Additional Rights: Members are entitled to other rights as provided by the Sacco’s rules and the laws governing cooperatives in Kenya.
Kenya Highlands Sacco Contacts
For any inquiries or further information about joining Kenya Highlands Sacco, you can reach their head office at:
- Location: Kapsoit Trading Centre, along Kericho-Kisumu Highway
- Contact: 0719 471 633
Kenya Highlands Sacco remains committed to its mission of enhancing the lives of its members by providing accessible, customer-focused financial services that foster growth and prosperity. Whether you are a farmer, an employee, or part of a business group, the Sacco offers financial solutions tailored to meet your unique needs.
