Tai Sacco is a well-established deposit-taking Savings and Credit Co-operative Society (SACCO) in Kenya with over 28 years of operation. Since its inception in 1992 as Kiambu Tea Growers Sacco, Tai Sacco has grown significantly, offering financial services to a broad range of members. Originally focused on the tea farming community, the Sacco rebranded to Tai Sacco Society Limited in 2009 to better reflect its expanding customer base, which now includes individuals from various sectors. Today, Tai Sacco boasts an asset base of Ksh 4.11 billion, making it one of the largest deposit-taking SACCOs in Kenya.
Tai Sacco Membership Eligibility
Tai Sacco offers membership to a diverse group of individuals and institutions across Kenya. Below are the sectors served by the Sacco:
- Tea Farmers
- Dairy Farmers
- Civil Servants
- Coffee Farmers
- Horticulture and Floriculture Farmers
- Business Community
- Transport Industry
Tai Sacco Membership Requirements
Depending on the type of membership an individual or group is seeking, Tai Sacco has outlined clear requirements for joining. Below are the categories of membership and their respective requirements:
1. Individual Membership
For individuals looking to join Tai Sacco, the following are the requirements:
- Complete the membership application form (available for download on Tai Sacco’s website).
- Provide a copy of your Kenyan National ID or a valid Kenyan passport.
- Submit a coloured passport-size photograph.
- Provide a copy of your KRA PIN (Kenya Revenue Authority Personal Identification Number).
- Pay a registration fee of Ksh 500.
- Pay a share capital of Ksh 1,000.
2. Joint Membership
Tai Sacco also allows joint memberships, which are popular for partners or spouses who wish to hold shared accounts. The requirements for joint membership are:
- Complete the joint membership application form (available for download from the Sacco’s website).
- Provide copies of Kenyan National ID or valid Kenyan passports for both applicants.
- Submit coloured passport-size photographs for both applicants.
- Provide a copy of your KRA PIN.
- Pay a registration fee of Ksh 500.
- Pay share capital of Ksh 1,000.
3. Group Membership
Group memberships are open to organizations, including corporates, chamas (investment groups), and self-help groups. The requirements for group membership are as follows:
- Complete the group membership application form.
- Provide minutes of the group’s meeting where the resolution to join Tai Sacco was made.
- Submit a copy of the group’s constitution.
- Provide copies of IDs, passports, or photos of the group’s authorized signatories.
- Submit a copy of the group’s registration certificate.
- Provide a KRA PIN number (if applicable).
- Pay a registration fee of Ksh 500.
- Pay a share capital of Ksh 1,000.
Important Notes for New Members
Upon successfully completing the membership registration process, new members are required to open the following three mandatory accounts:
- Savings Account: To facilitate regular savings deposits.
- Share Capital Account: This account holds the member’s share contributions.
- Non-withdrawable Savings Account: This is also known as the multiplier account, used to determine loan limits and is not accessible for withdrawals.
Tai Sacco Contacts
For inquiries or assistance with the membership process, Tai Sacco’s contact details are as follows:
- Head Office: Tai Plaza, Behind Total Petrol Station, Githunguri Town.
- Contacts: 020 201 0334 / 0734 466 969
Tai Sacco continues to serve as a financial cornerstone for its members, providing them with valuable savings products, competitive loan options, and essential financial services to help them achieve their goals. Whether you are an individual, a partnership, or a group, Tai Sacco offers a variety of membership plans designed to fit your unique financial needs.
