Below are important details about Taifa Sacco:
Taifa Sacco Membership requirements
WHO CAN JOIN US
Taifa Sacco’s membership is free to all irrespective of their sector of economy. All are eligible for Taifa Sacco membership:
- Business persons – small, medium and large businesses
- Institutions and companies – public and private
- Salaried people
- Jua kali artisans
- Groups – self help, youth groups, chamas etc
- Societies – dairy societies, coffee societies etc
- Farmers – small and large scale
- Pensioners
MEMBERSHIP REQUIREMENTS
Joining Taifa Sacco is easy is easy and fast:
- Visit the nearest branch of Taifa Sacco
- Open a membership account with Ksh. 1,100 only
- Ksh. 100 for account opening
- Ksh. 500 for savings
- Ksh. 500 for shares i.e. five shares each at Ksh. 100.
- Minimum share subscription is 100 shares at Ksh. 10,000.
- Boost the shares through:
- M-pesa – deposit to account for purchase of shares
- Standing orders – daily, monthly, annually
- Cash deposits in the branch
REQUIREMENTS:-
A) INDIVIDUALS
- Original and copy of ID card/ military ID /Passport/Driving license
B) GROUPS
- Groups resolution (minutes)
- Signatories original and copy of ID cards
- Original and copy of registration certificate
C) BUSINESS ACCOUNTS
- Signatories original and copy of ID cards
- Original and copy of Business registration certificate
D) CHILDREN ACCOUNTS
- Copy of child’s birth certificate
- Original and copy ID card of parent/guardian
TAIFA SACCO MEMBERSHIP REQUIREMENTS
- Entrance fee of Kshs 100.
- Shares subscription from ksh 100
BUILDING YOUR SACCO SHARES
- Pledge against your account
- Make cash deposits.
Taifa Sacco Branches and Contacts
HEAD OFFICE,NYERI-TOWN—0733 120 698
NAIROBI BRANCH—0733 120 645
KARATINA BRANCH—0733 120 652
MWEGA BRANCH—0733 120 573
NANYUKI BRANCH—0733 120 376
CHAKA BRANCH—0733 120 337
KIAWARA BRANCH—0733 120 102
NAIRUTIA BRANCH—0733 120 054
KIMAHURI BRANCH—0733 120648,0733 120 074
MUKURWE-INI BRANCH—0733 120 681
OTHAYA BRANCH—0731 712 013
NAROMORU BRANCH—0733 120 518
NDARAGWA BRANCH—0733 120 365
ENDARASHA BRANCH—0733 120 315
NYAHURURU BRANCH—0731 712 011
WIYUMIRIRIE BRANCH—0717 835 543
Fosa Products
TAIFA JUNIOR ACCOUNT
Taifa Sacco offers junior account in Kenya for children & teenagers, it offers parents a saving platform to put away money for their children’s bright future. I t helps you give your child a head start by getting them in the habit of saving from an early age
Features and Benefits
- No opening charges
- Free internal standing orders
- School fees cheque at discounted rates
- Reward for high performers
- Attractive personal accident cover-PA at Ksh.525 per annum
- Competitive interest paid on deposits above the set limit
- Three withdrawals per year
- Emergency withdrawals at a fee
Requirement
1. Copy of child’s birth certificate
2. Parent/guardian ID car
EAGLES’ BIASHARA ACCOUNT
Designed for businesses of all types;
Features and Benefits
- Provision of in house cheques
- Overdraft and other credit facilities
- Account overdrawing facility
- Unlimited withdrawals
- Affordable operating balance
- Loan based on shares deposits and business turnover.
Opening Requirements
1. Owner ID card
2. Business registration certificate
INSTITUTION/ COMPANY ACCOUNT
This account designed for institutions, companies and other organisations.
Features and Benefits
Ideal for institutions, churches, schools and other organizations like cooperative societies i. Easy opening requirements
ii. Issuance of cheque books
iii. Access to overdraft and other credit facilities
iv. Staff salary advance
HOLIDAY ACCOUNT
This account designed to cater for your vacation needs, events or festivities. It is ideal for saving for local and international holiday
Features and Benefits
- Proffessional tour planning and execution by qualified and registered tour operators
- Free internal standing order
- Access to credit facilities against the savings
Opening Requirements
- One must be a member of Taifa Sacco
TAIFA CHAMA ACCOUNT
Savings Account product targeting registered investment groups engaged in common investments.
Features and Benefits
i. Ideal registered groups
ii. Easy opening requirements
iii. Issuance of cheque books
iv. Access to overdraft and other credit facilities
v. Group training and capacity building
MSHAHARA ACCOUNT
Features and Benefits
i. No opening charges
ii. Free internal standing order
iii. School fees cheques at discounted rates
iv. Reward for high performers
v. Attractive personal accident cover-PA at Kshs 525 p.a
vi. Competitive interest paid on deposit and above the set limit
vii. Three withdrawals per year
JOINT ACCOUNT
Joint accounts look just like regular checking and savings accounts, but there’s one caveat — multiple people have equal access to the money in the account. These persons may not be registered as group e.g family members.
Features and Benefits
i. Ideal for more than one person where not registered as a group
ii. Easy opening requirements
iii. Unlimited withdrawals
iv. Access to credit facilities
v. Account linked with mobile banking platforms
vi. Attractive interest rate annually
TAIFA BIASHARA ACCOUNT
Designed for businesses of all types;
Features and Benefits
i. Ideal for more than one person where not registered as a group
ii. Easy opening requirements
iii. Unlimited withdrawals
iv. Access to credit facilities
v. Account linked with mobile banking platforms
vi. Attractive interest rate annually
FIXED DEPOSIT ACCOUNT
Features and Benefits
i. Competitive interest rates
ii. Access to credit facilities
iii. Varying maturity periods to suit customers needs
PERSONAL SAVINGS ACCOUNT
Personal Saving Account is designed with your in mind. This account is for an individual Sacco Member. It easy to open, has unlimited withdrawals and one has access to credit facilities.
Features and Benefits
i. Ideal for individual sacco members
ii. Easy opening requirements
iii. Unlimited withdrawals
iv. Access to credit facilities
v. Account linked with mobile banking platforms
vi. Attractive interest rate annually
Requirements:
1. Copy of Identification card
2. Copy of KRA pin
3. Passport size photo (Captured in or out of the branch)
4. Registration fee
OTHER FOSA PRODUCT
Other Fosa Product
a) Maziwa chap chap
i. Repayment period 90days
ii. Interest rate of 1.23% p.m
b) Insurance Premium Financing
i. Interest Rate of 0.5% p.m
ii. Repayment period 6months
Bosa Products
ASSET FINANCING
Asset finance designed to facilitate financing of movable assets. The assets funded in Asset Finance include motor vehicles, school buses, construction equipment, industrial equipment etc
Features
a) The interest rate is 7.7% P.A
b) Maximum repayment period 48 months
Requirements
a) Fully paid up member
b) Maintain account for at least 3-6 months
c) Get loan up to 3 times the value of your Taifa deposits (unwithdrawable deposits)
d) Loan security is the asset being purchased
e) Demonstration of ability to repay
PERSONAL DEVELOPMENT LOAN
PERSONAL DEVELOPMENT
a) The interest rate is 7.7% p.a
b) Maximum repayment period 48 months Requirements:
Requirements
a) Fully paid up member
b) Maintain account for at least 3-6 months
c) Get loan up to 5times the value of your deposits
d) Loan security, own deposits, guarantors ,title deed ,logbook .
MAMA MALAIKA LOAN
Are you a woman looking to expand your business? Mama Malaika Loan offers financial empowerment to women who are seeking working and investment capital. This loan facility aims at accelerating women’s economic empowerment by providing affordable and usable finance towards their businesses.
Features
- a) The interest rate is 10% p.a
- b) Maximum repayment period 18 months
Requirements
a) Fully paid up member
b) Maintain account for at least 3-6 months
c) Get loan up to 5times the value of your deposits
d) Loan security, own deposits, guarantors ,title deed ,logbook or debentures
SALARY LOAN
Features
a) The interest rate is 7.7% P.A
b) Maximum repayment period 48 months
Requirements:
a) Fully paid up member
b) Maintain account for at least 3-6 months
c) Get loan up to 5 times the value of your deposits
SCHOOL FEES LOAN
Loan given to our members to enable them educate their children and to further their own education. Amount granted depends on the ability to pay, payable within given time. This loan is normally given late in the year for continuing students and early in the year for form one students. The loan requirement is that a member must attach the school fees structures and an invitation letter for new student
Features
a) The interest rate is 7.7% P.A
b) Maximum repayment period 24 months
Requirements
a) Fully paid up member
b) Maintain account for at least 3-6 months
c) Get loan up to 5 times the value of your deposits
d) Loan security, own deposits, guarantors ,title deed ,logbook
Emergency Loan
Helps counter any misfortunes which are emergency in nature as a member.
Features
- Loan is repayable within 12-months.
- Available to members with emergency issues.
- Its usually an instant loan.
- Attractive interest rate . 7.7% p.a
Requirements
a) Fully paid up member
b) Maintain account for at least 3-6 months
c) Get loan up to 5times the value of your deposits
d) Loan security,own deposits,guarantors ,title deed ,logbook or debentures.
Biashara Loan
This loan is designed to suit all types of business. It is ussually a short to medium term loan granted to customers to finance Expansion and the growth of their business i.e. working capital and business expansion.
Features
- a) The interest rate is 7.7% p.a
- b) Maximum repayment period 48 months
Eligibilty
a) Fully paid up member
b) Maintain account for at least 3-6 months
c) Get loan up to 5times the value of your deposits
d) Loan security,own deposits,guarantors ,title deed ,logbook or debentures.
Taifa Sacco Customer Care Contacts
The Sacco operates from (Monday – Friday): 8.30am to 4.00pm.
Saturday: 8.30am to 12.00pm
Sundays & Public Holidays: Closed
Location
Level 13, 2 Head Office,
NCU Building, Gakere Road
Email:info@.org
Contact
Tel: (+254) 733-120101/ (+254)-733-120703 (+254)-733-120103/ (+254) 724-635463 0612030275
