Biashara Sacco is one of the best Saccos in Kenya. Below are membership requirements, savings products, loans and contacts:
Biashara Sacco Membership Requirements
Become a Full Member of Biashara DT Sacco and enjoy the numerous benefits we offer. Our Full Membership is open to all residents of Kenya.
Full Membership Requirements:
- Registration Fee: Kshs 2,000
- Valid Identification: Provide an original copy of your national ID card or passport.
- Nominal Shares: Purchase 500 nominal shares at Kshs 100 each (total of Kshs 50,000).
- Development Fee: Contribute a one-time development fee of Kshs 200,000.
- Maintenance Fee: Pay a monthly maintenance fee of Kshs 200.
- Welfare Fee: Contribute Kshs 100 towards our welfare fund.
- Monthly Deposits: Make regular monthly deposits of Kshs 2,500.
Benefits of Full Membership:
- Competitive Dividends: Earn attractive returns on your investment.
- High Interest Rates: Enjoy favorable interest rates on your savings.
- Flexible Loan Options: Access a variety of loans tailored to your needs.
- Voting Rights: Participate in decision-making processes.
- Ownership: Become a part-owner of the Sacco.
- Transferable Shares: Easily transfer your shares to others.
- Convenient Services: Benefit from door-to-door services and m-banking facilities.
- Community Support: Contribute to the welfare of our members and community.
Biashara Sacco accounts and savings products
SAVINGS ACCOUNT
It is a cost-effective and convenient method of saving your business income, salary, or farm proceeds and earns an attractive interest rate.
FEATURES:
- Account Opening Kshs 300
- Original ID and photocopy
- Minimum Account Balance Kshs 500
- Earns interest
- Account has No Monthly Charges
- Withdrawal in seven days
BENEFITS
- Competitive interest rates on Savings
- No ledger fees
- A Variety of Loans
- Cheque Book
- Door to Door Services
- M-banking facilities
WAKULIMA ACCOUNT
It was designed to suit farmers who earn monthly or periodical income from their sales e.g. Dairy, Tea, Coffee, Poultry, Horticulture etc
FEATURES:
- Account opening Ksh 300
- Original ID and photocopy
- Suitable for all farmers with
- A vision in Agri-business
BENEFITS
- A Variety of Loans
- Loans have a grace period of 3 Months
- Can be used to purchase farm inputs and machinery such as Generators/ Water pumps/ Posho Mills etc, Daily Cattle, Poultry, horticultural products etc
- Door to Door Services
- M-banking facilities
BEBA ACCOUNT
Designed to enable medium and small investors to buy assets like motorbikes, motor vehicles etc.
FEATURES:
Account opening Ksh 300
- Original ID and photocopy
- Savings for 3 Months
- Asset Financing for purchase of Land/Plots, Motor-vehicles, Motorbikes, Tanks and Biogas Products
BENEFITS
- Loan is three times or 40% of asset desired
- Door to Door Services
- M-banking facilities
- Enhances wealth creation
- Asset acquired can then be used to secure a loan
Smart Membership
Designed to enable members to guarantee for loans against their savings.
FEATURES:
- Registration Kshs 1,000
- Minimum Monthly Contribution Kshs 2,000
- Interest earning threshold Kshs 10,000
- 60 days notice on withdrawal
- Dormancy is 6 months of inactivity
- Reactivation Kshs 500
BENEFITS:
- Attractive Interest on savings
- A Variety of Loans
- Loans 5 times savings
- Bridge to full membership
- Door to door Services
- M-Banking
SAFARI CLUB
Introduced to expose our members to the business world. We organize and offer affordable financing for the business trips. The trips usually target newly opened markets.
FEATURES:
- Account opening Ksh 300
- Original ID and photocopy
BENEFITS:
- Loan is 5 times savings
- Business trips to countries like Dubai, China, Israel, Turkey, India
- Chance to import or export goods
- Door to Door Services
- M-banking facilities
BUSINESS ACCOUNT
Designed to suit the needs of the business community.
FEATURES:
- Account Opening Kshs 300
- Original ID and photocopy
- No minimum balance
- No withdrawal limits
- For All Business People
BENEFITS:
- Bank Overdraft facility
- Cheque Book
- A Variety of Loans
- Door to Door Services
- M-banking facility
MASOMO ACCOUNT
This was designed for those willing to save money for school fees purposes.
FEATURES:
- Account Opening is Ksh 300
- Original ID and photocopy
- Quarterly Withdrawals
BENEFITS:
- A Variety of Loans to cater for School, College or University fees
- Bankers cheques for school fees
- Door to Door Services
- M-banking facilities
MALIPO ACCOUNT
The Malipo account is designed for salaried employees & civil servants working in registered and reputable organizations.
FEATURES:
Account Opening Kshs 200
- Original ID and photocopy
- For Salaried employees
- Civil Servants/TSC / Other
- Private organizations
BENEFITS:
- Low salary processing fee
- A variety of loans
- Door to Door Services
- Monthly Check-offs and monthly pension payments
WOMEN EMPOWERMENT A/C
FEATURES:
- Account opening Ksh 300
- Original ID and photocopy
- No minimum balance
- Suitable for women above 18 years
- No ledger fees
- Suitable for Individuals, Joint or Groups
BENEFITS:
- A Variety of Loans
- Low Interest 10.5% p.a
- Door to Door Services
- M-banking facilities
- Cheque Book
SOKO ACCOUNT
This was introduced to cater to market traders who operate at county stalls or kiosks
FEATURES:
- Account opening Ksh 300
- Original ID and photocopy
- Suitable for market traders
BENEFITS
- A Variety of Loans
- Market stall serves as security
- Door to Door Services
- M-banking facilities
GROUP ACCOUNT
The above account was designed to enable groups to operate and benefit through their accounts, group members benefit either individually or as a group.
FEATURES:
- Account opening Kshs 1,000
- Certificate of Registration
- Constitution and Minutes
- Original IDs and photocopies of the Signatories
BENEFITS
- Safe keeping of Group money
- Unlimited withdrawals
- Group Loans and Individual member loans
- Door to Door Services
- M-banking facilities
YOUNG MEN EMPOWERMENT A/C
FEATURES:
- Account opening Ksh 300
- Original ID and photocopy
- No minimum balance
- Suitable for all men Between 18 – 35 years
- No ledger fees
- Suitable for Individuals, Joint or Groups
BENEFITS:
- A Variety of Loans
- Low Interest 10.5% p.a
- Door to Door Services
- M-banking facilities
- Cheque Book
FIXED DEPOSIT ACCOUNT
FEATURES
- Original ID and photocopy
- To save large sums of Money From Kshs.100,000 and above
- Fixing periods 3, 6 and 12 Months
BENEFITS:
- Can be Security for Loan
- Favorable interest rates
- Access to a Variety of Loans
BOB JUNIOR A/C
FEATURES
- Account opening Ksh 500
- Suitable for Children below 18 Years of age
- Copy of Birth Certificate of Child
- ID copy of Parent/Guardian
- Account managed by parent/ Guardian Until kid is 18 years
- Withdrawal 3 times a year
BENEFITS:
- Provided with Piggy Bank
- No Ledger fees
- Enhances a savings culture in children
- Door to Door Services
- M-banking facilities
CORPORATE ACCOUNT
FEATURES
- Account opening Ksh 500
- Suitable for Companies, Institutions and Registered Groups
- Certificate of Registration
- Memorandum/Articles of Association
- ID Copies of the Signatories
BENEFITS:
- A Variety of Loans
- Cheque Books
- Door to Door Services
- M-banking facilities
- Agency Banking
Biashara Sacco Loans
BIASHARA NORMAL LOAN
Target group – Full Members.
- Graduation – After three months saving.
- Facility – Maximum of five times member deposits and nominal shares.
- Security – Member’s deposits, Guarantors and or fully charged collaterals.
- Interest rate – 10% pa.
- Waiting period – 3 – 7 working days.
- Repayment period – 6 – 36 months.
BIASHARA EMERGENCY LOAN
Target group – Full Members.
- Graduation – After Three months saving
- Facility – Maximum Kshs.100,000/= or 50% member’s deposit.
- Security – Member’s deposits, Guarantors and or fully charged collaterals.
- Interest rate – 10% pa.
- Waiting period – 6 – 48 hours.
- Repayment period – 1 – 12 months.
BIASHARA JIPANGE LOAN
Target group – Full members.
- Features – This is a top up loan of an existing normal loan.
- Graduation – Must have paid existing normal loan for at least six months.
- Facility – Maximum Kshs. 200,000/= or the amount equal to the repaid amount.
- Security – Member’s deposits, Guarantors and or Fully charged collaterals.
- Interest rate – 10% pa.
- Waiting period – 3– 7 days.
- Repayment period – 1 – 12 months.
BIASHARA MORTGAGE LOAN
Target group – Full members
- Graduation – At least two years of account operation and savings of at-least 20% of the project value
- Requirement – Provide approved building plans with bill of quantity
- Facility – Maximum of Kshs.12 million with three – six months’ grace period.
- Interest rate – 12% pa.
- Security – Guarantors and or fully charged collaterals.
- Waiting period – 3 – 7 working days
- Repayment period – 6 – 60 months.
BIASHARA BEBA LOAN
Target Group – All Members
- Features – Asset financing for Land/Plots, Motor vehicles, Motor bikes etc.
- Graduation – Save for at least three months.
- Requirement – Save 40% to 50% of the property to be purchased
- Security -The property to be purchased.
- Facility – 50% – 60 % of the Asset Value
- Interest rate – 12% pa.
- Waiting period – 3 – 7 days.
- Repayment period – 6 – 36months depending on the type of asset.
BIASHARA SOKO LOAN
Target Group – All Members
- Features – Small and micro entrepreneurs and or businesses operating county market stalls and Jua kali sheds.
- Graduation – Operate account for at least 3 months.
- Security – Chattel Mortgage preferably licensed county stalls and or Jua kali sheds.
- Facility – maximum Kshs. 100,000/=.
- Interest rate – 12% pa.
- Waiting period – 3- 7 days.
- Repayment period – 6 – 12 months
BIASHARA MASOMO LOAN
Target group -All members with Masomo account.
- Features – This facility provides a convenient service to members’ educational needs.
- Graduation – Operated account for at least 3-6 months.
- Requirement – Provide School Fees Pro-forma and or letter of admission.
- Facility – Maximum of five times member’s savings or Kshs. 100,000/=
- Security – Guarantors and or fully charged collaterals.
- Interest rate – 10.5% pa.
- Repayment period – 3–12 months.
- Waiting Period 1 – 3 days
BIASHARA SEASONAL LOAN
Target Group – Institutions.
- Features – This loan focuses on members whose income is seasonal as in schools, Colleges, Universities
- Graduation – Operate account for at least three months.
- Requirement – Provide a business proposal and make arrangements 14 days before application.
- Security – Institution Directors as guarantors or Fully charged collaterals.
- Facility – maximum Kshs. 3 million.
- Interest rate – 12% pa.
- Waiting period; – 3 – 7days.
- Repayment period; – 6 – 36 months, paid quarterly (every three months).
BIASHARA OVERDRAFT FACILITY
Target group – All Members
- Features – This facility is to provide business working capital.
- Graduation – Operated account for at least three months.
- Facility – Maximum of Kshs. 5,000,000/= and renewable annually.
- Security – Guarantors and or fully charged collaterals.
- Interest rate – 0.2% per day.
- Waiting period – Given Upon application
BIASHARA DEVELOPMENT LOAN
Target group – All Members
FEATURES:
- Account Operation -3 Month
- Loan granted 10 times
- Maximum loan Amount – Ksh 9M
- Repayment period 6-36 month
- Interest Rate -12% per annum
- Security – Charged Land/Plot, Motor vehicle, Savings, Guarantorship
- Waiting period- 3-7 days
BENEFITS
- Business Expansion
- Boosting of working capital
BIASHARA MEDICAL LOAN
Target group – All Members.
- Features – This facility provides an easy service to member’s health needs.
- Graduation – Must have operated account for at least three months.
- Requirement – Provide supporting medical documents.
- Security – Guarantors or Fully Charged collaterals.
- Facility – Maximum Kshs. 300,000/=
- Interest rate – 10.5% pa.
- Waiting period – 6 – 12 hours.
BIASHARA WAKULIMA LOAN
Target group – All Members
- Features – All categories of farmers with a business proposal.
- Graduation – Operated account for at least three months
- Security – Guarantors or Fully charged collaterals or Fully insured livestock.
- Facility – Maximum Kshs.2M with a three months grace period.
- Interest rate – 12% p.a
- Waiting period – 3 – 7 days.
- Repayment period – 6 – 24 months.
BIASHARA SISI KWA SISI LOAN
Target group – All Members.
Features – This is an instant loan
- Graduation – Have operated account for at least 3 months.
- Security – Guarantors and or fully charged collaterals.
- Waiting period – instant loan
- Facility – Maximum Kshs. 500,000/=
- Interest rate – 5% pm.
- Interest rate – 10.5% pm
- Waiting period – 3-7 days.
- Repayment period 1-24 Months
BIASHARA SHAMBA LOAN
Target group – All Members
- Features – Financing for Purchase of Sacco plots
- Graduation – After Three Months operations
- Requirement – Active account and raise Kshs 100,000
- Security – Purchased plot
- Facility – Difference between your savings and plot price
- Interest rate – 12 p.a.
- Waiting period – 3-7 working Days.
- Repayment period – Maximum 36 Month
BIASHARA SAFARI LOAN
Target group – All members with Safari Account.
- Graduation – Operated account for at least 3 months.
- Requirement – Provide travel documents.
- Facility – Maximum of five times member’s savings up to Kshs.1 million.
- Security – Guarantors and or Fully charged collaterals.
- Interest rate – 12% pa.
- Waiting period – 3 – 7 days
- Repayment period – 6 –24 months.
BIASHARA NYONGESA LOAN
Target group – All Members
- Features – This is a top up loan
- Graduation – Must have paid existing loan for at least six months with no delinquency.
- Facility – Maximum Kshs. 200,000/= or an amount equal to the repaid amount.
- Security – Guarantors or Fully charged collaterals.
- Interest rate – 12% pa.
- Waiting period – 3 – 7 days.
- Repayment period – 1 – 12 months.
BIASHARA WOMEN EMPOWERMENT LOAN
Target group – All Women Members / Women groups
- Graduation – After Three Months of operating the account
- Requirements – Provide business proposal
- Security – Guaranteed by Directors/Officials of the group and or Fully charged collaterals
- Facility – Maximum Kshs 200,000 for an individual & Kshs 500,000 for Groups
- Interest rate – 10.5% p.a
- Waiting period – 3-7 days.
- Repayment period – 1-24 months
BIASHARA YOUNG MEN EMPOWERMENT LOAN
Target group – Men aged between 18-35 years
- Graduation – After Three Months of operating the account
- Requirements – Provide business proposal
- Security – Guaranteed by Directors/Officials of the group and or Fully charged collaterals.
- Facility – Maximum Kshs 200,000 for an individual & Kshs 500,000 for a Group
- Interest rate – 10.5% p.a
- Waiting period – 3-7 days.
- Repayment period -1-24 months
BIASHARA CORPORATE LOAN
Target group – Associate Corporate and Group members, Companies, Institutions, Registered groups etc.
- Graduation – After three months of operating the account.
- Requirement – Save at least 20% of facility applied.
- Security -Guarantorship or Fully charged collaterals.
- Facility – Maximum Kshs 3 Million.
- Interest rate – 12% pa.
- Waiting period – 3 – 7 working days.
- Repayment period – 6 – 36 months.
BIASCO INSURANCE LOAN
Target Group – All Members.
- Graduation – Immediate
- Requirement – Active Operation of account
- Security – Guarantors or Fully charged collaterals.
- Facility – Maximum depends on Value
- Interest rate – 1% pm.
- Waiting period – Instant
- Repayment period – Up to 9 months
BIASHARA MALIPO LOAN
Target group – All Salaried Members i.e. civil servants, Teachers under TSC and other private institutions.
- Features – Salary has to be processed through the account for three Months
- Graduation – After three months of operation
- Requirement – Proof of employment or three Months Pay slip
- Security – Employers Guarantee or other Workmates with similar account, Guarantors or Fully charged collaterals
- Facility – Three times the Salary
- Interest rate – 12% pa.
- Waiting period – 1 – 7 working days.
- Repayment period – maximum 36 months
BIASHARA SMART MEMBER LOAN
Target group – Smart Members
- Requirements – Save at least Kshs.2,000/= per month for three months with a minimum Kshs.10,000 Smart savings
Facility – Five Times Smart Member Savings.
- Security – Smart Member Savings, Guarantors and or Fully charged collaterals.
- Interest rate – 12% pa.
- Waiting period – 7 days.
- Repayment period – 6 – 36 months
Biashara Sacco Branches and contacts
Head Office
Biashara Sacco Plaza, Kimathi Way, Nyeri
Office Hours
Mon – Fri: 8.00am to 4.30pm
[Saturday 8am – 12.30Pm]Front Desk
0722 557 188
info@biasharasacco.co.ke
Branches and Satellites Contact Details
Headquarter:
Biashara Sacco Plaza, Kimathi Way, Nyeri
- Tel: 0722 557 188
- Location
Karatina Branch:
Next to King’uku Butchery, Opp. New Market
Tel: 0711 264 274
Othaya Branch:
Center Point Plaza Opp. Stage
- Tel: 0112 728 033
Kiawara Branch:
Along Nyeri – Nyahururu Highway
Tel: 0791 164 580
Nanyuki Branch:
Elshadai Bldg, Behind Batian Hotel
- Tel: 0110 094 186
Embu Branch:
Tujenge Bldg, Opp. Kanu Offices
Tel: 0111 748 257
Rware Branch:
Rware Pharmacy Bldg
- Tel: 0115 376 421
Mukurweini Branch:
Next to Kenol Kobil Petrol Station
Tel: 0727 045 202
Thika Branch:
Along Uhuru Street
Tel: 0738 853 003
Nairobi Branch:
Ngara Road, La Jardine Hotel Bldg.
Tel: 0733 557 188
Mairo Inya Satellite Office:
Along Nyeri- Nyahururu Highway
Tel: 0794 603 302
Mwea Satellite Office:
Along Makutano – Meru Highway
0113 533 548
Githurai Satellite Office
Wa- Macharia Son Building, Along Githurai – Mwihoko Road, Opposite Safaricom Customer Care shop, Next to Queen’s Lane Hardware
Tel: 0769 474 621
Runyenjes Satellite
Runyenjes Town, Opposite Runyenjes Police Station
Tel: 0790 459 591
Kitengela Branch
Along Athi River – Namanga Road, next to P.C.E.A Church
Tel: 0115 121 503
Nakuru Branch
Tropical House, Watalii Street, Opposite Tower One Building
Tel: 0112 710 512
Kenol Branch
SilverCore Plaza Building, Opposite Rubis Petrol Station
Tel: 0103 839 607
Nyahururu Branch
Nyandarua House, Opposite Total Petrol Station
Tel: 0716 100 843