Viktas Sacco, originally registered as Shauri Umoja Sacco Society Limited on 5th July 2006, has undergone significant transformations since its inception. Initially formed with 57 members from Shauri location in Nyandarua North District, the Sacco has evolved both in scope and membership. In 2009, the Sacco was renamed Nyahururu Umoja Sacco Society Limited before rebranding to its current name, Viktas Sacco, in 2016.
Today, Viktas Sacco boasts a membership of 7,000 fully paid-up members and 4,500 non-fully paid-up members, offering a wide range of financial services aimed at fostering economic empowerment among its members. The Sacco prides itself on delivering quality and diversified financial products through innovative technology and prudent management.
Viktas Sacco Membership Eligibility
Viktas Sacco welcomes a diverse range of individuals and groups into its membership. Eligible groups include:
- Farmers: One of the key demographics, given the Sacco’s roots in the agricultural community.
- Business people: Entrepreneurs and business owners can join the Sacco to access savings and credit facilities tailored to their needs.
- Employees of institutions: Salaried employees can benefit from the Sacco’s flexible financial products.
- Self-help groups: Chamas and investment groups are encouraged to join for group savings and investment products.
- Sacco employees: Workers within the Sacco can also become members.
- Other individuals: Any Kenyan aged 18 years and above is welcome to join the Sacco, regardless of profession or industry.
Viktas Sacco Membership Requirements
To become a member of Viktas Sacco, applicants are required to meet the following conditions:
- Duly filled membership application form: This form is available for download on the Sacco’s official website or can be obtained from their offices.
- Copy of National ID: A valid identification document is required for membership registration.
- Registration fee of Kshs 500: A one-time fee to formalize membership.
- Copy of KRA PIN certificate: This is mandatory for tax compliance purposes.
- Passport size photo: For documentation purposes during the application process.
Viktas Sacco Products
Viktas Sacco offers a wide range of financial products designed to cater to the needs of different types of members, including savings and loan products.
1. Savings Products:
- Savings Account: A standard account that enables members to grow their savings with ease.
- Business Daily Account: Tailored for business people to manage their daily business transactions.
- Maziwa Instant Account: Designed specifically for dairy farmers, offering instant access to savings.
- Maziwa Advance: A savings account that offers dairy farmers advance payments against their milk sales.
- Fixed Deposit Account: Allows members to lock in their savings for a specified period while earning interest.
- Sacco Deposit Account: A secure place for members to store their deposits.
- Group Savings Account: Ideal for self-help groups and chamas to pool their resources together.
- Joy Junior Account: A savings account for children, helping parents save for their future.
- Adult Kesho Account: A long-term savings account aimed at future financial security.
2. Loan Products:
- Biashara Loan: Designed for business owners to grow and expand their enterprises.
- Normal Loan: A standard loan that can be used for personal or business needs.
- School Fees Loan: A specialized loan to help parents manage educational expenses.
- Group Project Loan: Tailored for investment groups looking to fund collective projects.
- Emergency Loan: For members facing unexpected financial difficulties, offering quick access to funds.
- Asset Loan: Allows members to acquire assets like vehicles or property.
- Mwangaza Loan: Another personal loan product aimed at improving members’ lives.
- Okoa Loan: A flexible loan product aimed at rescuing members from financial hardship.
Membership Benefits
Viktas Sacco offers several advantages to its members, making it an attractive option for anyone looking for a reliable financial institution. Some of the key benefits include:
- Wide range of products: The Sacco offers a variety of savings and loan products suited to different income levels and needs.
- Up to 3 years loan repayment period: Members have the flexibility to repay their loans over an extended period.
- Easy purchase of shares: Members can easily acquire shares, becoming co-owners of the Sacco.
- Instant loan processing: The Sacco offers fast loan processing to ensure members can access funds when needed.
- Yearly dividends: Members receive dividends based on their shares in the Sacco.
- Competitive interest rates: Viktas Sacco provides loans at affordable interest rates, making borrowing cost-effective for its members.
- Safe and secure accounts: Members can rest assured that their funds are in safe hands, protected by robust financial management practices.
- Affordable loans: The Sacco provides easy access to loans with minimal application requirements, ensuring members can get the financial support they need without unnecessary hurdles.
Viktas Sacco Contacts
For those interested in joining Viktas Sacco or seeking more information about its products and services, the Sacco’s head office is conveniently located at Mairo-Inya Trading Centre:
- Address: Glanin Centre Building, Mairo-Inya Trading Centre, Along Nyahururu-Nyeri Road, 6km from Nyahururu Town.
- Contact: 0729 885 713.
Viktas Sacco continues to offer a wide range of innovative and competitive financial solutions, positioning itself as a trusted partner for farmers, businesses, and individuals in Nyandarua County and beyond. Through its commitment to prudent management and member-focused services, Viktas Sacco is empowering its members to achieve economic growth and financial stability.
