NRS Sacco (Ndetika Rural Sacco) has been a pillar of financial empowerment for rural communities since its inception in 1993. The Sacco emerged from the demands and aspirations of the Nderi Farmers Co-operative Society, which was primarily focused on dairy farming. Seeking an affordable and convenient financial institution, these farmers led to the formation of NRS Sacco, which initially derived its name from milk collection centers in Nderi, Tiebae, Karai, and Kamuguga.
Over the years, NRS Sacco has grown and expanded its services to meet the financial needs of a broad membership base. With a clear objective of mobilizing savings to financially empower its members, the Sacco offers a variety of products and services under both FOSA (Front Office Service Activity) and BOSA (Back Office Service Activity) platforms. Today, NRS Sacco boasts an asset base of KSh 0.62 billion and is open to all Kenyans. Here’s how you can become a member.
NRS Sacco Membership Eligibility
NRS Sacco prides itself on being inclusive and accessible to all Kenyans, irrespective of gender, ethnicity, age, or political background. Whether you are a farmer, a business person, or a salaried employee, you are eligible to join the Sacco and benefit from its affordable financial services.
The Sacco also caters to Kenyans living abroad, offering a diaspora membership option with similar benefits.
NRS Sacco Membership Requirements
To become a member of NRS Sacco, you need to provide the following documents:
- Duly filled membership application form – Available on the Sacco’s website or at any of its branches.
- Copy of National ID – To confirm your identity.
- Passport size photograph – For your membership records.
- Copy of KRA PIN certificate – For tax compliance.
If you are a Kenyan living abroad, the Sacco offers diaspora membership. In addition to the above, you will need to provide:
- Copy of Kenyan passport – For identification purposes.
- Proof of residency – A residency permit or utility bill to show your current location abroad.
These simple membership requirements make it easy for both local and diaspora Kenyans to join and benefit from the Sacco’s offerings.
NRS Sacco Products and Services
NRS Sacco provides a range of FOSA and BOSA products designed to cater to the diverse financial needs of its members.
FOSA Products
- Ordinary/Current Account – For day-to-day transactions.
- Fixed Deposit Account – Earn higher interest on savings locked in for a set period.
- SMEs Business Current Account – Tailored for small and medium-sized enterprises.
- 52 Weeks Saving Challenge – Encourages members to save consistently over the year.
- FOSA Advance Loan – Short-term loans to meet immediate financial needs.
- FOSA Bizna – A business-focused account for entrepreneurs.
- Business Loan – Affordable financing for business growth and expansion.
BOSA Products
- Share Deposit Savings Account – A mandatory savings account for all Sacco members, forming the foundation of loan eligibility.
- Share Capital Account – The account through which members purchase shares in the Sacco, allowing them to have a say in its governance.
- Young Achievers Children Account – A savings account designed to help parents save for their children’s future.
- Chama and Group Account – For investment groups and savings clubs to pool their resources.
- E-loan – A loan product that can be applied for and managed online.
- Jijenge Loan – A personal loan product to help members grow financially.
- Quick Fix Loan – Short-term loans for emergencies.
- Emergency Loan – Fast and accessible loans to handle unforeseen expenses.
These products are designed to meet the varied needs of members, from business owners to farmers, salaried workers, and groups. Whether you need to save for the future, expand a business, or handle an emergency, NRS Sacco offers affordable solutions.
NRS Sacco Branches and Contact Information
NRS Sacco has established a presence across several locations to ensure members can access its services easily. Here are the key branches:
- Head Office – Kikuyu Town
- Location: Ondiri House, Next to Equity Bank, Off Kikuyu-Nderi Road.
- Contact: 0724 256 190 / 0111 161 600.
- Kinoo Branch
- Location: Opposite Chrisco Church.
- Contact: 0111 161 604.
- Wangige Branch
- Location: NRS Building, Opposite Wangige Market.
- Contact: 0111 161 602.
- Nderi Branch
- Location: Opposite Nderi Market Centre.
- Contact: 0111 161 603.
- Dagoretti Branch
- Location: Opposite Equity Bank.
- Contact: 0111 161 605.
With these branches located in strategic areas, NRS Sacco ensures that its members can easily access both in-branch and online services, making banking convenient and efficient.
Why Join NRS Sacco?
NRS Sacco offers several benefits to its members, including:
- Affordable Loans – Access to low-interest loans for various personal, business, or emergency needs.
- Convenient Banking – The Sacco provides FOSA and BOSA services, as well as alternative banking channels such as agency banking and mobile services.
- Financial Empowerment – Through savings mobilization, NRS Sacco helps members grow their wealth and achieve financial independence.
- Inclusive Membership – The Sacco welcomes individuals from all sectors of the economy, making it accessible to a wide range of Kenyans.
In conclusion, NRS Sacco offers a comprehensive suite of financial products and services to help its members build savings and access affordable credit. Whether you’re a business owner, farmer, or salaried employee, NRS Sacco provides a platform for financial growth and stability. With its open membership policy and robust product offering, it’s a great institution to consider for anyone looking to save and access credit affordably.
