Below are important details about Wakenya Pamoja Sacco:
How to become a member of Wakenya Pamoja Sacco
- Fill membership application form
- Pay a registration fee of ksh300
- Purchase a minimum of 50 shares at ksh200 each
- Continuous accumulation of shares
MEMBERSHIP ELIGIBILITY
- A person 0f 18 years and above of good character and of sound mind
- Must have a minimum share contribution
- Individual or organizations
Saving Products
ORDINARY (SACCO) ACCOUNT
Targets cooperative societies, TSC staff, farmers with shareholding, civil servants, pensioners, business people etc.
Features
- Minimal opening and operating balances
- Competitive interest rates
- No withdrawal limits
- A/C operated using visa cards and m-banking
CORPORATE ACCOUNT
Targets schools, churches, hospitals, films, other institutions and organizations
Features
- Minimal opening and operating balances
- Competitive interest rates
- Affordable credit facilities e.g overdrafts
- Must have registration certificates
WAKENYA AKIBA ACCOUNT
Targets customers who wish to fix their deposits for a specific term
Features
- Attractive interest rate
- Can fix as little as KShs 5000
- No minimum opening and operating balance
- Terms are 3,6,9&12 months
- Used as collateral to secure loan
MWANANGU ACCOUNT
Targets junior savers below 18 years by parents/guardians
Features
- Minimal opening and operating balances
- Attractive interest rate
- Academic tours and year
- Good saving scheme for school fees
GROUP ACCOUNT
Targets registered groups in rural and urban areas.
Features
- Affordable minimum opening and operating balances
- Competitive interest rates
- Affordable credit facilities
BIASHARA ACCOUNT
Targets small and medium enterprises and individuals with legal businesses
Features
- Minimum opening and operating balances
- Competitive interest rates
- No withdrawal limits
- Affordable short and long term credit facilities
WAKENYA FOSA SAVINGS
Targets employees of various institutions and firms
Features
- No opening and operating balances
- Fast salary processing
- Competitive interest rates
- Operated using visa cards
OKOA ACCOUNT
Targets small farmers with little income
Features
- No Opening and operating balances
- Competitive interest rates
Loans
CROP BASED/AGRICULTURAL LOANS
Targets farmers of all kinds including coffee and tea
Features
- Proceeds must processed through the sacco
- Quick loan processing
- Affordable interest rates
OKOA ADVANCE
Targets coffee and tea farmers
Features
- Processed immediately
- Short repayment period
- At least two guarantors
COFFEE SOCIETY ADVANCE
Target societies whose members are paid through the sacco.
Features
- Society minutes authorizing borrowing
- Business plan on purpose
- Quick processing
INSTITUTIONAL LOANS
An overdraft advanced to individuals and institutions e.g school and factories
Features
- Have very active savings account
- Repayable within three months
- Quick processing to meet emergencies
- Postdated cheques equivalent to overdraft
WAKENYA FOSA LOANS / ADVANCES
Targets institutional employees and pensioners
Features
- Staffs in an institution whose salary is processed by the Sacco
- Institution ensure no diversion of salary
- Fast loan processing
- Recovering monthly from salary
BUSINESS LOANS
Targets small, medium and large enterprises /business people
Features
- Registered and ongoing business
- Affordable interest rates
- Repayment up to 24 months
GROUP BASED LOANS
- Value chain– Targets dairy farmers
- Jiinue Rafiki-targets small medium enterprises in urban areas
- Micro-finance-targets small medium enterprises in rural areas
Features
- Must have existences for at least 2 years
- Be a registered group
- Loan duration range from 6, 9 and 12 months
- Must have an active ROSCA or ASCA or BOTH
- Affordable interest Rate
Wakenya Pamoja Sacco Paybill Number
Paybill: 115380
How To Deposit money to Wakenya Pamoja Sacco
- Go to M-Pesa menu
- Select Paybill
- Enter 115380 (Wakenya Pamoja Sacco)
- Enter Amount
- You will enter pin. Always keep your PIN secret and never share it with anybody.
- Send
- You will get a message with deposit confirmation
How To Withdraw money from Wakenya Pamoja Sacco
- Dial *346#
- You will get a Menu
- Press Answer and reply with 2
- Select Account then press okay
- Enter Amount
- Then enter PIN
- Wait for reply
- The money will be topped up into your M-Pesa Account
What are the requirements of opening a savings account?
This depends on the type of account being opened. Standard requirements, however, include
- Photocopy of National ID Card
- Duly filled and completed
Wakenya Pamoja Sacco Customer Care Contacts
CALL US
TEL: +254 746 668190, +254 777 668190
MOBILE: +254 207 852506 , +254 207 852507
wpsacco@wakenyapamojasacco.com
LOCATION
Kahawa House, Opp. Gudka Westend, along the Kisii-Sotik Rd , Overlooking Daraja Moja