Capital Sacco Society Ltd is a cornerstone of financial empowerment in Kenya, with a rich history dating back to 1972. Originally a section of the Meru Farmers’ Co-operative Union Ltd, it has evolved into one of Kenya’s largest deposit-taking Savings and Credit Co-operative Societies (Saccos). This comprehensive guide covers Capital Sacco’s contact details, branch network, services, history, and membership process. Whether you’re an entrepreneur, farmer, salaried employee, youth, or institution, this article equips you with all the information needed to engage with Capital Sacco effectively.
A Brief History of Capital Sacco
Founded in 1972 as part of the Meru Farmers’ Co-operative Union Ltd, Capital Sacco initially served dairy and coffee farmers in Meru. In 2005, it became an independent entity known as Meru Farmers Sacco. By 2012, it rebranded to Capital Sacco, expanding its membership to include entrepreneurs, salaried individuals, institutions, youth, and children across Kenya. This shift gave the Sacco a national outlook, and today, with an asset base exceeding Ksh 4.49 billion, it is a leading deposit-taking Sacco regulated by the Sacco Societies Regulatory Authority (SASRA).
Key Milestones
- 1972: Established as part of Meru Farmers’ Co-operative Union Ltd.
- 2005: Separated to form Meru Farmers Sacco.
- 2012: Rebranded to Capital Sacco, embracing a national membership base.
- Current Status: Among Kenya’s top Saccos with over Ksh 4.49 billion in assets.
Capital Sacco Contact Information
Capital Sacco provides multiple contact channels for inquiries, support, and membership-related questions. Below are the verified contact details for the headquarters and branch network.
Headquarters
- Physical Address: Kenyatta Hwy, Meru, Kenya
- Postal Address: P.O. Box 1479-60200, Meru
- Phone Numbers:
- Support/Inquiry: +254 791 018 137
- Additional Lines: +254 708 843 287, +254 708 843 288
- Email Address: info@capitalsacco.co.ke
- Website: www.capitalsacco.co.ke
Branch Network and Contacts
Capital Sacco operates an extensive branch network across Kenya, ensuring accessibility for members in both urban and rural areas. Below is the complete list of branches and their contact numbers:
- Meru: +254 708 843 287
- Gatimbi: +254 703 766 016
- Kinoro: +254 703 769 039
- Githongo: +254 703 770 743
- Kionyo: +254 703 769 848
- Mitunguu: +254 703 769 460
- Chaaria: +254 703 770 696
- Nairobi: +254 729 267 393
- Kanyakine: +254 703 770 760
- Nkubu: +254 703 770 361
- Kiangua: +254 703 770 606
- Timau: +254 703 766 521
- Kangeta: +254 706 715 824
- Kibirichia: +254 703 766 534
- Igoji: +254 703 770 739
Note: For specific branch addresses or additional details, visit www.capitalsacco.co.ke or contact the headquarters.
Operating Hours
- Monday to Friday: 8:00 AM to 4:00 PM
- Saturday: 8:00 AM to 12:00 PM
- Sunday: Closed
Why Choose Capital Sacco?
Capital Sacco is a trusted financial partner known for its commitment to financial inclusion, competitive interest rates, and innovative services. Its mission is to deliver quality, competitive, and innovative financial solutions that empower members to improve their economic well-being. Here’s why Capital Sacco stands out:
- Inclusive Membership: Welcomes entrepreneurs, salaried individuals, institutions, youth, and children.
- Competitive Products: Offers high-yield savings accounts and low-interest loans.
- Nationwide Accessibility: Extensive branch network and banking partnerships for seamless transactions.
- Digital Innovation: Mobile banking, SMS banking, and e-banking for convenience.
- Community Focus: Supports agricultural and entrepreneurial growth, contributing to poverty alleviation.
How to Join Capital Sacco
Joining Capital Sacco is a simple process designed to accommodate individuals and organizations. Here’s a step-by-step guide:
Eligibility
- Individuals aged 18 and above, of good character and sound mind.
- Organizations or institutions seeking financial services.
- Commitment to maintaining minimum share contributions.
Requirements
- Complete a Membership Application Form: Available at any branch or downloadable from www.capitalsacco.co.ke.
- Pay a Registration Fee: Ksh 200 (non-refundable).
- Purchase Shares: Minimum of 30 shares at Ksh 100 each (total Ksh 3,000).
- Provide Identification: Valid ID for individuals or relevant documentation for organizations.
Benefits of Membership
- Access to diverse savings and loan products.
- Competitive dividend returns on savings.
- Affordable loans tailored to various needs.
- Mobile and e-banking services for convenience.
- Participation in Sacco governance and decision-making.
For more information, contact any branch or the headquarters.
Financial Products and Services
Capital Sacco offers a broad range of financial products tailored to meet the needs of its diverse membership. These include savings accounts, loan products, and digital banking services.
Savings Accounts
Capital Sacco provides both withdrawable and non-withdrawable savings accounts to promote financial discipline and wealth creation:
- Vijana Account: For youth, offering savings and loan options to support young entrepreneurs.
- Current Account: For salaried individuals and businesses, with cheque book issuance.
- Bidii Account: Encourages regular savings with competitive interest rates.
- Ordinary Account: A basic savings account for all members.
- Junior Account: Designed for children to foster early savings habits.
- Group Account: For investment groups, chamas, and table banking groups.
- Shared Deposit Account: For collective savings with high yields.
Loan Products
Capital Sacco’s loan portfolio supports agricultural, business, and personal development with affordable rates:
- Agricultural Loans:
- Tea Bonus Plus Classic Loan: For tea farmers leveraging annual bonuses.
- Dairy Welfare Loan: Supports dairy farmers with farming and personal needs.
- Tea Picking Advance: Short-term loans for tea pickers.
- Coffee Development Loan: For coffee farmers to enhance productivity.
- Kilimo Tosha Loans: General agricultural financing.
- Business Loans: For entrepreneurs and small businesses to boost operations.
- Boda Boda Loan: For motorcycle business investments.
- Micro Credit Loans: Small-scale loans for micro-entrepreneurs.
- Development Loans: Long-term financing for personal or business growth.
Digital Banking Services
Capital Sacco leverages technology to enhance member experience:
- Mobile Banking: Access accounts, transfer funds, and receive alerts via the Capital Sacco App (downloadable from Google Play Store: https://bit.ly/MSACCO-APP).
- SMS Banking: For quick account updates and transactions.
- E-Banking: Online platform for account management.
- Agency Banking: Expands access through partnered agents.
Capital Sacco’s Branch Network
With branches strategically located across Kenya, Capital Sacco ensures members can access services conveniently. The Sacco’s 15 branches, listed above, cover key regions, including Meru, Nairobi, and rural areas like Gatimbi and Kibirichia. This network allows members to transact seamlessly, regardless of their location. For specific branch details, such as physical addresses, visit www.capitalsacco.co.ke or contact the respective branch.
Capital Sacco’s Vision and Mission
Vision
To be a leading national Sacco offering superior financial services.
Mission
To provide quality, competitive, and innovative financial services that empower members to undertake economic activities and improve their income and welfare.
Core Values
- Quality Services: Prioritizing member satisfaction.
- Integrity: Upholding transparency and trust.
- Teamwork: Collaborative approach to service delivery.
- Innovation and Creativity: Embracing new technologies and ideas.
- Customer Focus: Tailoring services to member needs.
Community Engagement and Impact
Capital Sacco is deeply committed to community development, engaging in corporate social responsibility (CSR) initiatives that make a tangible impact. For example, the Sacco has supported Marimba Children’s Home through donations and community outreach, spreading awareness about its services. These efforts align with its mission to eradicate poverty and empower Kenyans.
Supporting Agriculture
Rooted in its agricultural heritage, Capital Sacco continues to support farmers through specialized loans and savings products. Members, such as tea and coffee farmers, benefit from tailored financial solutions that ease burdens and enhance productivity.
Empowering Youth and Entrepreneurs
The Vijana Account and business loans empower young entrepreneurs and small business owners, fostering economic growth and job creation. By offering affordable credit and savings options, Capital Sacco helps members achieve financial independence.
How Capital Sacco Compares to Other Saccos in Kenya
Kenya’s Sacco sector is highly competitive, with institutions like Mwalimu National Sacco, Stima Sacco, and Harambee Sacco leading the market. However, Capital Sacco distinguishes itself through its agricultural expertise, national reach, and diverse offerings. According to the 2023 Sacco Supervision Report, Capital Sacco ranks among the top deposit-taking Saccos, with an asset base exceeding Ksh 4.49 billion.
Competitive Advantages
- Agricultural Focus: Deep understanding of farmers’ financial needs.
- Inclusive Membership: Open to diverse clients, unlike profession-specific Saccos.
- Technological Innovation: Robust mobile and e-banking platforms.
- Affordable Loans: Competitive interest rates compared to traditional banks.
Challenges and Opportunities
Capital Sacco faces challenges such as competition from banks and other Saccos, regulatory compliance, and the need for continuous innovation. However, opportunities include:
- Digital Expansion: Enhancing digital services to attract tech-savvy youth.
- Strategic Partnerships: Collaborating with banks and fintechs to improve service delivery.
- Financial Inclusion: Reaching underserved rural areas with tailored products.
Tips for Maximizing Your Capital Sacco Membership
To get the most out of your membership, consider these tips:
- Save Consistently: Contribute regularly to savings accounts to earn high dividends.
- Use Loans Strategically: Invest loans in productive ventures like farming or business expansion.
- Leverage Digital Tools: Use the Capital Sacco App for convenient banking.
- Stay Engaged: Attend Sacco meetings and follow updates on www.capitalsacco.co.ke.
- Participate in CSR: Join community initiatives to build networks and support local causes.
Capital Sacco Society Ltd is a trusted financial partner for Kenyans seeking to secure their financial future. With a robust branch network, innovative digital services, and a diverse range of savings and loan products, the Sacco empowers members across urban and rural areas. Its commitment to financial inclusion, agricultural support, and community development makes it a standout in Kenya’s Sacco sector. For more information or to join, contact any of the listed branches or visit www.capitalsacco.co.ke.
Frequently Asked Questions (FAQs)
1. How do I join Capital Sacco?
Complete a membership application form, pay a Ksh 200 registration fee, purchase 30 shares at Ksh 100 each, and provide valid identification.
2. What types of loans does Capital Sacco offer?
Loans include agricultural loans (e.g., Tea Bonus Plus, Dairy Welfare), business loans, boda boda loans, micro-credit loans, and development loans.
3. Can I access Capital Sacco services online?
Yes, through mobile banking (Capital Sacco App), SMS banking, and e-banking platforms.
4. What are Capital Sacco’s operating hours?
Monday to Friday: 8:00 AM to 4:00 PM; Saturday: 8:00 AM to 12:00 PM; Sunday: Closed.
5. How can I contact Capital Sacco?
Reach out via +254 791 018 137, +254 708 843 287, +254 708 843 288, or email info@capitalsacco.co.ke. Alternatively, contact any branch listed above.
