The KMA Sacco (Kenya Medical Association Savings and Credit Cooperative Society) has been a trusted financial institution for medical professionals in Kenya, empowering them to achieve their financial goals since its establishment. Tailored specifically for doctors, dentists, pharmacists, and their dependents, KMA Sacco offers a variety of financial services, from savings and loans to insurance solutions, making it a one-stop shop for its members’ financial needs.
This article provides a detailed look into KMA Sacco’s offerings, membership criteria, application process, and why it stands out as an essential financial partner for medical professionals in Kenya.
Why Choose KMA Sacco?
KMA Sacco has established itself as a reliable financial institution by offering:
- Tailored Financial Services: Customized solutions for medical professionals.
- Competitive Loan Products: Affordable interest rates and flexible repayment options.
- Convenient Access: Modern digital platforms for seamless transactions.
- Membership Growth Opportunities: Spouses, children, and employees of principal members are also eligible.
- Insurance Solutions: Through Tiba Insurance Agencies, members enjoy enhanced financial protection.
Who Qualifies for Membership?
Membership in KMA Sacco is exclusive to individuals in the medical field and their dependents. The following groups are eligible:
- Medical Professionals: Doctors, dentists, and pharmacists can apply for principal membership.
- Dependents and Employees: Spouses, children, and employees of principal members.
- KMA Sacco Employees and Medical Students: Those affiliated with KMA Sacco or studying medicine can join.
How to Become a Member
Becoming a member of KMA Sacco is straightforward. Follow these steps:
Step 1: Obtain the Membership Application Form
- Visit the KMA Sacco office at KMA Centre, Mara Road, Nairobi.
- Alternatively, download the form from the official KMA Sacco website.
Step 2: Complete the Required Documentation
Submit the following documents:
- Duly filled Membership Application Form.
- Completed Email Indemnity Form.
- A copy of your National Identity Card.
- Your KRA PIN certificate.
- A copy of your professional certification (MBChB, BDS, or BPharm) or a valid board license/retention certificate.
- Two recent passport photos.
Step 3: Pay the Joining Fee
- A non-refundable joining fee of Ksh 3,000 is required.
- Payments can be made via MPesa Paybill Number 540900 (use your ID or membership number as the account number) or through one of the Sacco’s banking accounts.
Step 4: Submit Your Application
- Send the completed forms and documents to the KMA Sacco offices or email them to customercare@kmasacco.com.
KMA Sacco Financial Products
KMA Sacco offers a diverse range of financial solutions to cater to its members’ needs:
1. Savings Products
- Ordinary Savings Accounts: Flexible accounts to grow your savings.
- Fixed Deposit Accounts: Earn higher returns on fixed-term deposits.
- Targeted Savings Plans: Save for specific goals, such as education or retirement.
2. Loan Products
- Development Loans: Long-term loans to support personal and professional projects.
- Emergency Loans: Quick solutions for unexpected expenses.
- School Fees Loans: Affordable financing for education costs.
- Asset Financing: Purchase vehicles, equipment, or other assets.
- Medical Loans: Specialized loans for healthcare professionals.
3. Insurance Products
Through Tiba Insurance Agencies, KMA Sacco members can access:
- Comprehensive medical insurance plans.
- Group life insurance for members and their families.
- Loan protection insurance.
KMA Sacco Banking Details and Payment Options
To facilitate seamless transactions, KMA Sacco provides multiple banking options:
- MPesa Paybill Number: 540900 (Use your ID or membership number as the account number).
- Bank Accounts:
- Absa Bank – Absa Towers: 077-5022728
- Equity Bank – Community Branch: 0170194616921
- KCB Bank – Moi Avenue Branch: 1116188619
- Cooperative Bank – Ukulima Branch: 01100133572300
- Bank of Africa – Sameer Business Park: 01039350007
KMA Sacco Contact Information
Stay connected with KMA Sacco for inquiries or assistance:
- Pilot Numbers:
- +254 (020) 267 5620
- +254 722 519037
- Customer Care:
- +254 715 993 872
- Marketing Team:
- +254 704 814 315
- +254 725 308 268
- Credit/Loans:
- +254 725 453418
- +254 703 245 457
- Tiba Insurance Agencies:
- +254 704 825300
- +254 715 993 874
- +254 741 728 292
- Email:
- General Inquiries: info@kmasacco.com
- Customer Care: customercare@kmasacco.com
- Credit/Loans: credit@kmasacco.com
- Tiba Insurance: tiba.group@kmasacco.com
Key Benefits of Membership in KMA Sacco
- Access to Affordable Credit: Lower interest rates than traditional financial institutions.
- Savings Growth: Competitive returns on savings and fixed deposits.
- Comprehensive Insurance: Peace of mind through tailored insurance products.
- Networking Opportunities: Join a community of professionals with shared interests.
Take charge of your financial future with KMA Sacco. Whether you’re a seasoned professional or a medical student, KMA Sacco offers the tools, products, and community to help you achieve financial independence.
Join today! Visit KMA Sacco at KMA Centre, Mara Road, Nairobi, or call +254 722 519037 for more information.
