Stima Sacco is one of Kenya’s most reputable financial cooperatives, dedicated to empowering individuals, businesses, and organizations through innovative and affordable financial services. Established to cater to diverse financial needs, Stima Sacco has become a preferred choice for those seeking savings, credit, and investment opportunities.
This guide will walk you through everything you need to know about joining Stima Sacco, its membership requirements, contact information, and the benefits of becoming a member.
Why Join Stima Sacco?
Stima Sacco offers unparalleled benefits, making it a top choice for individuals and businesses looking to secure their financial future. Key advantages include:
- Affordable Loans: Low-interest rates and flexible repayment plans to suit diverse needs.
- Innovative Savings Options: High-yield savings accounts and investment opportunities.
- Accessibility: Services are available to Kenyan residents, diaspora members, groups, and corporates.
- Convenience: Digital platforms, including mobile and online banking, ensure seamless access to services.
- Credibility: A trusted institution licensed by the Sacco Societies Regulatory Authority (SASRA).
How Much Do You Need to Join Stima Sacco?
Membership in Stima Sacco is accessible to a wide audience, with varying requirements depending on the category:
| Category | Registration Fee (KES) | Share Capital (KES) | Minimum Monthly Savings (KES) |
|---|---|---|---|
| Imara (Employees under check-off) | 500 | 25,000 | 1,000 |
| Meridian (Individual Employees) | 500 | 25,000 | 1,000 |
| Business Persons | 500 | 25,000 | 500 |
| Groups | 500 | 25,000 | 5,000 |
| Diaspora Members | 500 | 25,000 | 1,000 |
| Corporate Members | 500 | 50,000 | 10,000 |
Mandatory Accounts for Members
When you join Stima Sacco, three essential accounts are created for you:
- Prime Account: A transactional/current account for daily use.
- Alpha Deposit Account: A non-withdrawable savings account, also used as a multiplier for loan eligibility.
- Share Capital Account: Represents your ownership stake in the Sacco.
Stima Sacco Loan Products
Stima Sacco provides an extensive range of loan products designed to meet various financial needs.
1. Emergency Loans
- Features: Quick processing within a day.
- Repayment Period: Up to 12 months.
2. Development Loans
- Normal Loan: Ideal for long-term projects with a repayment period of up to 72 months.
- Express Normal Loan: Processed within 24 hours for urgent financial needs.
3. Business Loans
- Biashara Loan: Tailored for business ventures and entrepreneurs.
4. Agricultural Loans
- Kilimo Loan: Supports agribusiness activities and expansion.
5. Special Loans
- Pumua Loan: Exclusive to FOSA salaried members.
- Super 72 Loan: Offers extended repayment of up to 72 months.
Stima Sacco Contacts and Branch Network
Stima Sacco’s robust communication and support system ensure members can easily access assistance.
Head Office
- Location: Stima Sacco Plaza, Mushembi Road, Parklands, Nairobi.
- Postal Address: P.O. Box 75629-00200.
- Phone Numbers:
- General Inquiries: +254 703 024 024 / +254 703 024 000
- Diaspora Members: WhatsApp +254 703 035 851
- Email:
- General Support: customercare@stima-sacco.com
- Diaspora Support: diasporabanking@stima-sacco.com
Operating Hours
- Monday to Friday: 8:30 AM – 4:00 PM
- 1st and Last Saturday of the Month: 8:30 AM – 12:00 Noon
SMS Banking Channels
- Use keywords like StimaSacco, StimaDTS, and 23356 for updates and transactions.
How to Join Stima Sacco
Follow these steps to become a member:
- Gather Required Documents:
- Copy of your national ID or passport.
- Recent passport-sized photograph.
- KRA PIN certificate.
- Fill Membership Application Form: Obtain the form from any Stima Sacco branch or their official website.
- Pay Registration Fee and Share Capital: Make the necessary payments as per your category.
- Open Mandatory Accounts: The Prime, Alpha Deposit, and Share Capital accounts will be created upon successful registration.
Benefits of Joining Stima Sacco
1. Competitive Loan Rates
Members enjoy lower interest rates compared to conventional banks.
2. Profit Sharing
Members benefit from annual dividends based on their share capital.
3. Financial Security
Savings and deposits are insured, offering peace of mind.
4. Tailored Solutions
Flexible products cater to individual, group, and corporate needs.
5. Networking Opportunities
Membership connects you with like-minded individuals and groups for potential collaborations.
Stima Sacco is more than just a financial cooperative; it’s a community dedicated to helping you achieve financial growth and stability. Whether you’re saving for the future, seeking investment opportunities, or looking for affordable credit, Stima Sacco has solutions tailored to your needs.
Take the first step today. Visit Stima Sacco or contact their offices to begin your journey toward financial empowerment.
