County Sacco, originally known as Rukuriri Tea Growers Savings & Credit Cooperative Society, was established in 1991 under the Cooperative Societies Act (Cap 490) to serve tea farmers affiliated with Rukuriri Tea Factory, Mungania, and Kathangariri Tea Factories. Over the years, the Sacco has evolved into one of Kenya’s largest deposit-taking Saccos, offering a wide range of financial services beyond the tea industry.
In 2011, the Sacco was licensed by the Sacco Societies Regulatory Authority (SASRA) to accept deposits from the general public, marking its transition to County Sacco. This rebranding reflected its ambition to expand its services to all counties across Kenya, hence the name “County Sacco.”
With an asset base of Kshs 0.68 billion, County Sacco has established itself as a leading financial institution, supporting its members in various sectors, from agriculture to business.
County Sacco Products and Services
County Sacco offers a variety of products and services designed to meet the diverse financial needs of its members:
Advances:
- Milk Advance: Short-term credit for dairy farmers.
- Maziwa Waruugi: Special credit product for milk traders.
- Crop Advance: Loans for agricultural activities.
- Cheque Advance: Immediate credit against issued cheques.
- Fixed Deposit Advance: Loans secured against fixed deposits.
Loans:
- Kilimo Loan: Targeted at farmers for agricultural expansion.
- Milk Loan / Maziwa Loan: Tailored for dairy farmers to enhance productivity.
- Biashara Loan: Designed for small and medium businesses.
- Jijenge Loan: Development loan for various personal or business projects.
- Chama Loan: Loan products for groups and investment clubs (chamas).
- Loans in Kind: Loans disbursed as goods rather than cash.
- Mshahara Loan: Salary advances for employees.
- Microfinance Loan: Small loans for micro-enterprises.
- Co-op Faida Loan: A specialized loan product under cooperative agreements.
- M-Loan: Mobile loans accessible via the Sacco’s digital platform.
- Institutional Loans: Loans designed for schools, churches, and other institutions.
Savings:
- Ordinary Account: Basic savings account for individuals.
- Corporate Account: Savings solutions for businesses.
- Children Account: A savings account for children to foster early saving habits.
- NHIF Account: A specialized account to manage National Hospital Insurance Fund payments.
- Business Account: Tailored for businesses and entrepreneurs.
- Akiba Account: Designed for long-term savers.
- Christmas Account: A savings account to help members plan for the festive season.
- Microenterprise Account: For small-scale entrepreneurs.
- Student Account: Designed to support students in managing their finances.
Investments:
- Sacco Shares: Investment opportunities in County Sacco’s share capital.
- Share Deposits: Savings held as shares within the Sacco.
- Micro Deposits: Small-scale savings for micro-entrepreneurs.
Services:
- Mobile Banking: Accessible banking services via mobile phones.
- Field Cash Collection: Cash collection services for businesses in remote areas.
- Cheque Clearing: Fast and efficient cheque processing services.
- Co-op Agent: Services offered through cooperative agents for convenience.
- Mpesa Super Agency: Mpesa services for County Sacco members.
- Mpesa Agent: Mpesa transactions and services through County Sacco branches.
- Sacco Agency: Agency banking services, extending financial access to rural areas.
List Of County Sacco Branches In Kenya
County Sacco has several branches spread across Embu and Tharaka Nithi Counties, making it easy for members to access its services. Here’s a list of County Sacco branches in Kenya:
1. Head Office
- Location: Kanja Market, Embu County.
- Contacts: 0700 290 241, 0732 210 416.
- Email: info@countysacco.com.
2. Runyenjes Branch
- Location: Runyenjes Town, Near Runyenjes Open Air Market.
- Contact: 0752 892 395.
- Email: runyenjes@countysacco.com.
3. Karurumo Branch
- Location: Karurumo Market.
- Contact: 0752 892 304.
- Email: karurumo@countysacco.com.
4. Chuka Branch
- Location: Next to KCB and Equity Building, Opposite Shell Petrol Station.
- Contact: 0752 892 296.
- Email: chuka@countysacco.com.
5. Miandari Branch
- Location: Miandari Market.
- Contact: 0794 763 921.
- Email: miandari@countysacco.com.
Conclusion
County Sacco has played a pivotal role in empowering its members since its inception in 1991. With a strong foundation in the agricultural sector and a focus on community-based banking, the Sacco has expanded to serve a wide range of members across different sectors. Whether you are a farmer, a business owner, or a salaried employee, County Sacco offers tailored financial solutions that cater to your specific needs.
