Stima DT Sacco is one of the leading deposit-taking Saccos in Kenya, boasting an asset base of Ksh 53.78 billion. Established in 1974 to serve employees of the East African Power & Lighting Company (now Kenya Power), Stima Sacco has since expanded its reach to include individuals from various sectors, businesspersons, groups, and corporates. The Sacco’s core objective is to offer its members a safe platform for saving, providing credit, and delivering impressive dividends.
Stima Sacco Membership Eligibility
Membership at Stima DT Sacco is open to a wide range of individuals and entities. The Sacco admits members under four key categories: individuals, joint memberships, groups, and corporate entities.
Stima Sacco Membership Requirements
1. Individual Membership
To become an individual member of Stima Sacco, one needs to meet the following criteria:
- Complete the membership application form.
- Provide a copy of their National ID or Passport.
- Attach a recent passport-sized photograph.
- Provide a copy of their KRA PIN certificate.
- Pay a registration fee of Ksh 500.
- Contribute a minimum share capital of Ksh 25,000.
- Commit to a minimum monthly savings of Ksh 1,000.
2. Joint Membership
For individuals looking to open a joint membership account, the following are required:
- Complete the membership application form.
- Provide copies of National IDs or valid Kenyan passports for both applicants.
- Attach coloured passport-sized photographs for both applicants.
- Provide a copy of the KRA PIN certificate.
- Pay the registration fee of Ksh 500.
- Contribute a minimum share capital of Ksh 25,000.
3. Group Membership
This category is meant for chamas or self-help groups consisting of at least four members. To join under this category, the following are required:
- Complete a corporate membership application form.
- Attach a copy of the group’s registration certificate.
- Provide minutes of a group meeting resolving to join Stima Sacco.
- Attach the group’s constitution.
- Provide copies of ID cards, KRA PIN certificates, and photos of authorized signatories.
- Submit a list of all group members.
- Pay a registration fee of Ksh 500.
- Contribute a minimum share capital of Ksh 25,000.
- Commit to a minimum monthly savings of Ksh 5,000.
4. Corporate Membership
For businesses looking to join Stima Sacco under the corporate membership category, the requirements are:
- Complete the corporate membership application form.
- Provide the director’s resolution to open an account with Stima Sacco.
- Attach a copy of the certificate of incorporation.
- Provide ID or Passport copies of signatories.
- Submit the memorandum and articles of association.
- Provide a copy of the KRA PIN certificate.
- Pay a registration fee of Ksh 500.
- Contribute a minimum share capital of Ksh 50,000.
- Commit to a minimum monthly savings of Ksh 10,000.
Stima Sacco Products
Stima DT Sacco offers a wide range of credit and savings products tailored to meet the diverse financial needs of its members.
(a) Credit Products
- Normal loan
- Super loan
- Asset finance
- School fees loan
- Local purchase order financing
- Invoice discounting
- Investor loan
- Plot financing loan
- Makaazi poa loan
- Prime advance loan
- Emergency school fees loan
- Msingi bora
- Salary advance
- Makeover loan
(b) Savings Products
Non-Withdrawable Savings Accounts:
- Shares capital account
- Alpha deposit savings account
Withdrawable Savings Accounts:
- Twiga savings account
- Junior star
- Msingi bora
Term Deposit Accounts:
- Call deposit account
- Fixed deposit account
- Golden savings account
Stima Sacco Contacts
For more information or inquiries, members and prospective members can reach out to Stima DT Sacco through the following contacts:
- Head Office: Stima Sacco Plaza, Mushembi Road, Parklands, Nairobi.
- Contact Numbers: 0703 024 000 / 0703 024 001.
Stima DT Sacco provides a stable and reliable platform for members to grow their savings, access credit, and improve their financial standing. With flexible membership options, competitive loan products, and high-yield savings accounts, Stima Sacco remains a top choice for individuals, groups, and businesses seeking a secure financial partner.
