Below are important details about Skyline Sacco:

How to Deposit Funds into Your Account Using M – Pesa

• Go to “M-Pesa Menu” menu on your phone.
• Select Pay Bill
• Type in Skyline Sacco Paybill Number- 116519
• Type your Skyline Sacco Membership number followed by S01 (e.g. 10012345S01 or 2080000S01)
• Enter the amount you wish to deposit
• Enter your M – Pesa PIN number
• Confirm details are correct and press OK
• You will receive two SMS notification on your phone, one from Safaricom and another one from Skyline Sacco Society Ltd

Skyline Sacco Branches and Contacts

HEAD OFFICE & HEAD QUARTERS SKYRIZE PLAZA Opposite Kobil Petrol Station, P.O. BOX 660 – 20103, Eldama Ravine, Kenya Tel. +254 717 594 084, +254 705 450 369,  Contact Centre 020 8409999

ELDAMA RAVINE BRANCH SKYLINE PLAZA  – Eldama Ravine Town P.O. BOX 660 – 20103, Eldama Ravine, Kenya Tel. +254 717 594 338,     MUMBERES BRANCH Along Nakuru – Eldoret Highway Opposite Mumberes FCS Road MUMBERES Town P.O. BOX 660 – 20103, Eldama Ravine, Kenya Tel. +254 113 723 762     ESAGERI BRANCH KIPTOIM FCS Building Along Eldama Ravine – Nakuru Road P.O. BOX 660 – 20103, Eldama Ravine, Kenya Tel. +254 115 823 828     MARIGAT BRANCH Opposite Town Plaza MARIGAT TOWN P.O. BOX 660 – 20103, Eldama Ravine, Kenya Tel. +254 795 468 999     EMINING BRANCH EMINING TOWN P.O. BOX 660 – 20103, Eldama Ravine, Kenya TEL. +254 115 993 23     TORONGO BRANCH TORONGO FCS Building – Torongo Town Along Eldama Ravine – Eldoret Highway P.O. BOX 660 – 20103, Eldama Ravine, Kenya TEL. +254 113 837 577     MOGOTIO BRANCH MOGOTIO FCS Building – Mogotio Town P.O. BOX 660 – 20103, Eldama Ravine, Kenya TEL. +254 758 619 981     KAMPI YA MOTO BRANCH KAMPI YA MOTO – Along Kabarak – Ravine Highway P.O. BOX 660 – 20103, Eldama Ravine, Kenya TEL. +254 768 645 488     KABARNET BRANCH KOSACH KOSACHI KAA Building – Kabarnet Town P.O. BOX 660 – 20103, Eldama Ravine, Kenya TEL. +254 769 605 145     KAPSABET BRANCH KCB Building – Kapsabet Town P.O. BOX 660 – 20103, Eldama Ravine, Kenya TEL. +254 110 035 641     FLAX BRANCH Chemoyai  Building Along, Flax Centre P.O. BOX 660 – 20103, Eldama Ravine, Kenya Tel. +254 113 082 636     NAKURU BRANCH VICKER’S Building Along Kenyatta Avenue, Opp Westside Mall P.O. BOX 660 – 20103, Eldama Ravine, Kenya Tel. +254 113 888 125     KITALE BRANCH Standard Business Centre Building, Along Kenyatta Avenue, Next To Absa Bank Bank P.O. BOX 660 – 20103, Eldama Ravine, Kenya Tel. +254 113 445 944

BOSA Loans

Development Loan

Features

• Maximum multiplier of 4 shares deposits held
• Maximum Repayment period is 48 Months

Eligibility

• Must have active account with us for at least four months
• Must have contributed Sacco shares for at least four months
• Active ordinary savings account
• Not a defaulter in any other financial institution

School Fees Loan

Features

• Payment of College/School fees
• Repayment Period – 12 Months
• Repayment Method – MONTHLY
• Disbursement within 24hours
• Loan should not exceed 4 times Deposit held

Eligibility

• Must have active account with us for at least four months
• Must have contributed Sacco shares for at least four months
• Active ordinary savings account
• Not a defaulter in any other financial institution

Emergency

Features

• Caters for only emergency cases
• Repayment Period – 12 Months
• Loan consideration and disbursement is daily
• Total loan should not exceed 4 times Deposits held · Granted on top of other loans

Eligibility

• Must have active account with us for at least four months
• Must have contributed Sacco shares for at least four months
• Active ordinary savings account
• Not a defaulter in any other financial institution

Boost Loan

Features

• Loan multiplier is x3 times for 1st loan, 2nd and any subsequent multiplier x4 on merit the savings held.
• Repayment Period – 36 Months

Eligibility

• Must have active account with us for at least four months
• Must have contributed Sacco shares for at least four months
• Active ordinary savings account
• Not a defaulter in any other financial institution

Sky Kilimo Chai

The product targets tea farmers from Nandi County, Uasin Gishu, Elgeyo Marakwet and its environs who supply proceeds to factories for processing.

Eligibility

• Farmers with tea in their farms
• Farmers who supply tea to factories with signed agreement with Skyline Sacco
• Active bank statement for at least 1 month
• Members who channels
• Recovered once when payment is made
• Must have active account with us for at least four months
• Must have contributed Sacco shares for at least four months
• Active ordinary savings account
• Not a defaulter in any other financial institution

Dividend Advance

Targeting All members Having Shares Deposits

Eligibility

• Must have contributed Sacco shares for at least four months
• Active ordinary savings account
• Not a defaulter in any other financial institution

Savings products

Ordinary Saving Account

Features and benefits

This savings account is the primary account for all our members

• Minimum balance 200
• Account holder has access to all credit facilities with flexible terms
• Account holder gets Verve Debit card
• The Debit card can be used to make purchases from authorized dealers i.e. supermarkets, petrol station
• Salary processed through this account.
• Personalized Cheque Book
• Interest on credit balances
• Access To M-banking Services
• Free inter-account standing orders
• Zero Operating Balance
• Access to Internet banking

Penda Junior Account

Features and benefits

This account aims at instilling a savings culture in children at a young age. Teach your child that every coin counts.

• Account for customers aged 18 years and below
• Account Opening is free
• Minimum operating balance of Kshs 500/-
• Withdraw limited to 3 times per year
• Interest earning threshold 3,000
• Annual fun day for Penda Juniors Savers
• Free intra-account transfer
• Free annual e-statement
• Free school Bankers Cheque

Bishara Saving

Features and benefits

Whether you are looking to grow, or just started out as an entrepreneur, we understand you require flexible and easy access to your funds. Bring your business plans and operations to life and stay open for business with the Biashara Current Account.

• Access to personalized Cheque book facilities Monthly
• Interest on credit balances
• Free inter-account standing orders
• Access to advances at an affordable charge
• Access to Verve Debit Card
• Minimal initial deposit and zero operating balance
• What’s more, you get to transact conveniently from home or at the office with our mobile banking from wherever you are.

Mwangaza Saving

Features and benefits

Enabling one to lock their savings according to ones objective as well as grant consistent savers opportunity to earn interest

• Competitive interest payable
• Minimum interest earning amount Kshs 5,000
• Free standing orders
• No Opening Balance
• Zero Operating Balance
• Ability to lock ones savings based one’s goal
• 3 free withdrawals per year
• Minimum balance 200

Bidii Saving

Features and benefits

This account designed to cater for your vacation needs, events or fees activities.

• Minimum balance 200
• Operating balance of ksh 500
• Attractive interest rate
• No initial deposit
• No ledger fees charged on this account
• Free internal standing order

Fixed Deposit

Features and benefits

Do you have money lying around, in banks, or hidden somewhere that you don’t intend to use in the near future? If yes, then this is a must have an account. It allows you to fix your money for a set duration and have it earn interest at very high competitive rates

• You Can Fix as low as Ksh 1,000
• Flexible fixing periods
• Cash deposits or direct transfers from Savings Account
• Relatively higher returns
• Withdrawal/renewal upon maturity of contract

FOSA Products and Loans

Institutional Staff Loan

The product targets staff from all sectors that channel salaries through skyline Sacco.

Eligibility

• At least channel salaries for 4months
• Authorization from company appointed person
• Should have standing order for monthly shares deduction
• Members who salaries through skyline loaning
• Based on 2/3 basic rule
• Employee should attached dully signed 3months pay slips
• Deduction of ¼ to shares from loan applied or the difference
• Attached a signed contract letter with employer until completion of loan

Institutional Group Loan

The product targets institutions like churches, schools, dips and organized groups

Eligibility

• Active bank statement for at least 4months
• Should be registered by Authorization
• Should have standing order for monthly shares deduction
• Members should have common objective loaning
• Based institutional group shares
• Multiplying factor 4 times
• Deduction contribution for at least 4 months
• In case of micro credit no loan will be issued if individual member has defaulted loan
• Business proposal plan and projection should be attached
• Group official should dully sing the loan for and attach id copies and 1 coloured passports

Milk Advance

All dairy farmers channeling produce through marketing society

Eligibility

• A member should have channeled an income through FOSA A/C for a period of 1 (one) months
• Advance is given on the basis of ½ (half) of net income for the previous month (unpaid produce)
• Advance is issued instantly after approval. Member’s income MUST be certified/ Approved by marketing society

Salary Advance

All staff from any institutions, channeling salaries through skyline Sacco.

Eligibility

• A member should have channeled an income through FOSA A/C for a period of 1 (one) months
• Advance is given on the basis of ½ (half) of net income for the previous month (unpaid produce)
• Salary advanced should be approved by the employer
• Advance is issued instantly after approval

Baloon Advance

It’s a long term advance for staff from any institutions, channeling salaries through skyline Sacco.

Eligibility

• A maximum repayment period of six months is allowed
• In case of any default the shares held in the Sacco shall be used to offset the said default
• My guarantors’ deposits are to be used in case of any default
• Account should be active for more than one month

Shepherds Loan

This Product targets Pastor from all denominations that channel salaries through skyline Sacco.

Eligibility

• At least channel salaries for 4months
• Authorisation from church appointed person
• Should have standing order for monthly shares deduction
• Members who salaries through skyline loaning
• Based on 2/3 basic rule.
• Deduction of ¼ to shares from loan applied or the difference
• Attached a signed contract letter with employer until completion of loan

Security

• Shares
• Guarantors
• Charged collaterals log books, title deeds

Surplus Loan

Farmers dealing with short season crops. E.g vegetable, tomatoes, potatoes and others

Eligibility

• A maximum repayment period of six months is allowed

Sky Biashara

Its long term advances for business community

Eligibility

• A maximum repayment period of six months is allowed
• Sky Biashara loan is three times of shares. Eligibility is in respect with cash-flow
• In case of any default the shares held in the Sacco shall be used to offset the said default
• My guarantors’ deposits are to be used in case of any default
• Account should be active for more than six (6) months

Sky Biashara Plus

It’s an advances product for wholesalers

Eligibility

• A maximum repayment period allowed is ONE (1) Month
• In case of any default the shares held in the Sacco shall be used to offset the said default
• Should have standing order for monthly shares deduction
• My guarantor’s deposits are to be used in case of any default
• Fosa Account should be active for more than six (4) months

Sky Kilimo Chai Advance

All Tea farmers Channeling Income through skyline

Eligibility

• A member should have channeled an income through FOSA A/C for a period of 1 (one) months
• Advance is given on the basis of ½ (half) of net income of the previous month (unpaid produce)
• Advance is issued instantly after approval. Member’s income MUST be certified/ Approved by factory society

M-Pesa Connect

This Service allows you to carry out withdrawals at any of 1000 Verve Connect ATMs. With the 555 555 agent number, you are able to access M-Pesa withdrawal services at any Verve branded ATM and Agents in Kenya this also include our ATM at SKYRIZE Plaza – Head Office Opp. Kobil petrol station.

You can withdraw up to Ksh. 140,000 at once on your M – Pesa.

You can enjoy a faster, convenient, and secure way to access M- Pesa via the ATM.