Universal Traders Sacco, previously known as Masaku Traders Sacco Society, was established in 1991 as a cooperative society aimed at addressing the economic needs of the local population. Originally started to provide credit solutions to small and medium enterprises (SMEs) in Machakos, the Sacco has since grown significantly and was licensed by the Sacco Societies Regulatory Authority (SASRA) in 2011 to operate as a deposit-taking Sacco. With an asset base of Ksh 1.50 billion, Universal Traders Sacco is among the largest deposit-taking Saccos in Kenya.
About Universal Traders Sacco
The Sacco was the result of the vision of a group of local entrepreneurs who recognized the need to pool resources from small and medium businesses to access affordable credit. Over the years, Universal Traders Sacco has become a financial institution catering to a diverse clientele that includes farmers, micro-entrepreneurs, civil servants, self-help groups, and associations.
The Sacco provides a range of financial products and services designed to meet the needs of its members, ensuring access to affordable loans and savings products.
Universal Traders Sacco Products and Services
Loan Services:
- Normal loan: Standard loan with flexible repayment terms.
- Upesi emergency loan: Quick loans for emergencies.
- Matunda loan: A loan specifically tailored for fruit farmers.
- Livestock loan: Loan for purchasing or improving livestock farming.
- Asset financing loan: For acquiring business or personal assets.
- Biashara plus loan/ super group loan: Business loans for groups.
- Employee salary advance: Advance against an employee’s salary.
- Employer salary advance: Advance loans for employers.
- Mkulima halisi loan: A loan for farmers growing legumes like ndengu and beans.
- Mkulima bora plus loan: Advanced loan for agricultural activities.
- Dairy farming loan: Loans aimed at supporting dairy farmers.
- Biashara loan: Group lending product for small businesses.
- Chai plus loan: A loan product designed for tea farmers.
- Salo plus loan: Tailored loan for salaried employees.
FOSA Products & Services:
- Current account: For daily financial transactions.
- Mwethya account: A group savings product.
- Akiba account: Standard savings account.
- Toto account: Children’s savings account.
- Faida account: For secure personal savings.
- Young Turks account: Savings for young people.
- Nawiri account: Contractual savings account with fixed terms.
- Corporate current account: For businesses and corporate clients.
- Fixed deposit account: Savings with higher returns for fixed periods.
- Additional services: Money transfers, cheque clearing, salary processing, bankers’ cheque advance, and produce payment processing.
List of Universal Traders Sacco Branches in Kenya
1. Head Office – Machakos Town
- Location: Traders House, Syokimau Road, Machakos Town.
- Contacts: 0738 110 775, 0757 568 479.
- Email: info@universaltraders.co.ke.
2. Kathiani Branch
- Location: Kathiani Market.
- Contact: 0717 687 112.
3. Kitui Branch
- Location: Jee Plaza, Kitui Town.
- Contact: 0716 064 142.
4. Wote Branch
- Location: Wote Town.
- Contact: 0717 729 349.
5. Tala Branch
- Location: Homeland Plaza, Kangundo Road.
- Contact: 0716 127 090.
6. Embu Branch
- Location: Jasho Building, Embu Town.
- Contact: 0721 423 687.
7. Mlolongo Branch
- Location: Nzag Plaza, Next to Anthena Hotel.
- Contact: 0757 620 303.
Universal Traders Sacco has established itself as a key player in the financial sector, offering well-structured and affordable financial products to its members. With branches across multiple counties, the Sacco continues to serve the needs of farmers, entrepreneurs, and civil servants, providing financial empowerment and enabling sustainable growth in their communities.
