Skyline Sacco, formerly known as Baringo Farmers Savings and Co-operative Society, has been a trusted financial institution in Kenya since it was registered on 4th July 1989 and began operations on 1st January 1990. The Sacco rebranded and expanded its services in 2004 by offering Front Office Services Activities (FOSA) to attract a more diverse membership base. Today, Skyline Sacco is fully licensed by the Sacco Society Regulatory Authority (SASRA) as a deposit-taking institution, with an asset base of Ksh 2.55 billion and a membership of over 88,000 individuals.
With 12 branches located across various counties, Skyline Sacco continues to offer a wide range of savings and loan products, positioning itself as one of the largest deposit-taking Saccos in the country.
Skyline Sacco Membership Eligibility
Skyline Sacco welcomes a diverse group of members from different sectors of the economy. Eligibility for membership is open to the following groups:
- Dairy farmers
- Coffee farmers
- Pyrethrum farmers
- Business community
- Salaried staff
- Institutions
- Micro-credit groups within Baringo, Uasin Gishu, Elgeyo Marakwet, and Nakuru counties
Whether you’re a farmer, entrepreneur, or salaried worker, Skyline Sacco offers membership opportunities designed to help you grow your financial capacity.
Skyline Sacco Membership Requirements
To become a member of Skyline Sacco, certain criteria and documentation are necessary. Below are the key requirements for new members:
- Membership of a Marketing Society: You must be a registered member of a marketing society within Baringo, Uasin Gishu, Elgeyo Marakwet, or Nakuru counties.
- Channel Produce: You are required to channel your produce through a marketing society or KCC (Kenya Co-operative Creameries).
- Entrance Fee: Pay a one-time entrance fee of Ksh 200.
- KRA PIN Certificate: Provide a copy of your KRA PIN certificate.
- Passport Size Photo: Submit one recent passport-sized photograph.
- National ID Copy: Provide a photocopy of your national identification card.
- Monthly Deposits: Commit to a minimum monthly deposit of Ksh 300.
- Loan Eligibility: To be eligible for a loan, you must make consecutive contributions for at least 4 months. The amount of your first loan will be twice the value of your deposits, and for subsequent loans, it will be three times your deposits based on merit.
Principles of Skyline Sacco
Skyline Sacco operates under key cooperative principles that govern its operations and ensure members are at the heart of the Sacco’s activities. These principles include:
- Voluntary and Open Membership: The Sacco is open to anyone, including individuals, groups, and companies.
- Democratic Member Control: Each member has a say in how the Sacco is run.
- Economic Participation: Members actively contribute to and benefit from the Sacco’s economic activities.
- Autonomy and Independence: Skyline Sacco operates independently of external control.
- Education, Training, and Information: The Sacco provides education and training to ensure members are informed and capable of managing their financial affairs.
- Co-operation Among Co-operatives: Skyline Sacco works with other cooperatives to strengthen the movement.
- Concern for the Community: The Sacco is dedicated to the well-being of the community as a whole.
Skyline Sacco Contacts
- Head Office: Skyrize Plaza, Opposite Kobil Petrol Station, Eldama Ravine, Baringo County.
- Contacts: 0717 594 084 / 0705 430 369 / 020 840 9999
Skyline Sacco continues to serve its members with integrity, transparency, and dedication, helping them achieve financial security and growth through its comprehensive savings and loan products.
