Below is a list of accounts for Capital Sacco, membership requirements, loans and contacts:
Capital Sacco Membership requirements
HOW TO BECOME A MEMBER
- Fill membership application form
- Pay a registration fee of ksh200
- Purchase a minimum of 30 shares at ksh100 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
HOW TO WITHDRAW
- Dial *346#
- You will get a Menu
- Press Answer and reply with 1
- Select Account then press okay
- Enter Amount
- Then enter PIN
- Wait for reply
The money will be topped up into your M-Pesa Account
HOW TO DEPOSIT
- Go to M-Pesa menu
- Select Paybill
- Enter 520 100 (Capital Sacco Account)
- Enter Amount
- Send
You will get a message with deposit confirmation
Capital Sacco List of Accounts and savings products
Vijana Account
DESCRIPTION
This is an account meant for youth with a zero opening balance.
REQUIREMENTS
- Original and copy of national ID or Passport
- Passport photograph (taken at the branch)
BENEFITS
- Free to open
- Cheque deposit allowed
- Unlimited withdrawal
- No Operating Balance
- No ledger Fee
- Competitive rate of interest
- Young business entrepreneur linked to asset financing to support entrepreneurship and access to business forums and networking.
Current Account
DESCRIPTION
This is an account designed for all Members to assit them to transact easily and round the clock. With Current account you can make deposits, receive money, pay bills, withdraw Cash or set up standing orders.
REQUIREMENTS
- Original ID Card or Passport as well as a copy
- For companies, Memorandum and Articles of Association, Registration Certificate and Directors’ Resolutions are required.
BENEFITS
- No minimum operating balance.
- Cheque book provided on request.
- VISA ATM card available.
- Access to mobile banking via USSD Code *346#
- No monthly charges.
Bidii Account
DESCRIPTION
This is an account meant for dairy and coffees farmers with a zero opening balance.
REQUIREMENTS
- Original and copy of national ID or Passport
- Passport photograph (taken at the branch)
- Letter of introduction/Referee
BENEFITS
- Internal Cheque book provided on request.
- Interest earning threshold of Kshs 5,000/-.
- Competitive rate of interest.
- EMV Chip ATM card available.
- Transaction via mobile phone upon registration at the branch or via USSD Code
- *346*1#.
Junior Account
DESCRIPTION
The Junior Account offers a lot of benefits while teaching your child the joy of savings and securing financial future.
This is a transnational account designed for children below the age of 18 years for the safe keeping of money.
REQUIREMENTS
- Parent’s original and copy of National ID. /Passport
- Photocopy of child’s birth certificate
BENEFITS
- Account for customers aged below 18 years
- Free to opening the account
- Minimum operating balance of Kshs 800/-
- Annual fun day for jolly savers
- Free intra-account transfer
- Free annual e-statement
Group Account
DESCRIPTION.
This product is tailored to suit the needs of investment groups.
It targets both incorporated groups and non- incorporated groups
REQUIREMENTS.
- National Identity Card or passport
- One colored passport size photograph for each signatory. To be provided or taken at the branch
- Introduction letter from an account holder / utility bills in the names of the directors/ statement for other bank account.
- Resolution to open the account
- Certificate of Incorporation, Memorandum and Articles of Association for Limited Companies
- Opening balance of Kshs. 1,000
BENEFITS
- Registration Certificate from the Ministry of Culture & Social Services
Constitution of group - Minutes of the meeting appointing the group’s bankers
- Identification card and one passport sized photograph for all officials. To be provided or taken at the branch
- List of all group members, their contacts (including physical address) and their business activity
Share Deposit Account
DESCRIPTION
- This is an equity of ownership of Capital SACCO
- The member shall earn dividends on the share capital annually.
- The Share Capital is not withdrawable but can be transferred to another member.
- The minimum share capital is Kshs. 5,000.00
REQUIREMENTS
- Original and copy of national ID or Passport
- Membership registration fee of Kshs 200.00
- Passport photograph (taken at the branch)
BENEFITS
- Become a Shareholder of the fastest growing Sacco in Kenya,
- Attractive annual dividends,
- Attractive credit products
Ordinary Account
DESCRIPTION
- Loan term of up to 3 years.
- Loan amount dependent on ability
- Lending in accordance with Sacco lending policy
- Loan security fund with 10% exemption based on security pledged
- Flexible repayment frequency
REQUIREMENTS
- Original and copy of national ID or Passport
- Passport photograph (taken at the branch)
BENEFITS
-
- Internal Cheque book provided on request.
- Interest earning threshold of Kshs 5,000/-.
- Competitive rate of interest.
- EMV Chip ATM card available.
- Transaction via mobile phone upon registration at the branch or via USSD Code *346*1#.
Capital Sacco Loans
Tea Bonus Plus Classic Loan
This loan aims at farmers who are involved in the production of tea leaves. It is available to farmers with active accounts and who receive regular income from their tea earnings. It can be used to purchase Agricultural Inputs, Equipment, Livestock Feed, Labor Finance, and School Fees.
Tea Bonus Plus Loan
This is a product designed for Tea Farmers with reference to the average amount of Tea Bonus Payment for the last two years. The product is meant for short-term development needs.
Tea Welfare Loan
The Tea Welfare Loan is aimed at farmers who deliver their products to KTDA and Private Tea Factories throughout the country. The Loan is offered based on the accumulated kilos that a farmer has produced and delivered to the factory. The amount given depends on your personal needs.
Tea Picking Advance Loan
Tea Picking Advance is designed to cater for farmer’s short term demands such as Tea Picking, Emergencies, Purchase of Farm Inputs, Tuition Fees, and Even Labor.
Coffee Development Loan
This product is designed for coffee farmers with reference to the amount of Non-Withdraw-able Deposits that the member holds. The product is meant for development. Loan eligibility calculation will be based on 50% of a total of Three Previous Year’s Production.
Coffee Advance Loan
The product is designed to cater for Farmer’s Short Term Demands such as Coffee Picking, Emergencies, School Fees, Purchase of Farm Inputs, and even Labor.
Dairy Welfare Loan
The applicant must have been a member for the Last Six Months and a member of a Cooperative Dairy Society. All requests must be supported by a Proposal on how the funds will be used. The payment of milk during the entire loan repayment period should not be modified or changed. The Purchased Cows will have to be insured and will be part of the Loan Collatera
Maziwa Pesa Loan Daily Advances
This loan is intended to meet short-term personal needs or act as a short-term working capital for Individual Farmers, Cooperatives, Refrigeration Plants, and Milk Loading Agents. This loan advance can also help in boosting your finances within the month.
Kilimo Tosha Loan
This horticulture loan targets Small Scale Horticultural Famers for purposes of production. It is based on group lending methodology.
Salary Loan
The loan is suitable for all account holders who get a regular income from their employment. It is Ideal for those who earn a monthly salary income. The loan can be used for medical bills, school fees, purchase of spare parts, and household items. In short, this is for All Employees in Both Public and Private Sectors.
Development Loan
It is loan products that aims at making you grow. Non-account holders can apply for this loan. Loan amounts are personalized for long term development and operational requirements. With this loan you can buy property start a business, motor vehicle purchase, and even undertake large scale farming. The multiplying factor is 3 and 5 at a period up to 5 years.
Micro-Credit Loan
The loan is designed to give money to people operating a micro business and require working capital to run or boost their businesses. It has competitive interest rates combined with quick processing. It can be given to non-account holders. Multiplying factor is 4 at a period of up to 2 years.
Business Advance Loan
This is a loan product that targets Entrepreneurs who are Members of the Sacco and whose accounts have Charged Collateral for the Sacco. It facilitates members to get Business Finance.
Bodaboda Loan
This product is meant for people in Boda Boda Business to boost their business through either Acquisition of a Boda Boda or Maintenance of the already existing.
Institutional Loans
This product targets development programs and other short term needs of member institutions. It takes care of Schools, Churches and Colleges. With this loan, you can take your loved ones to school without straining too much.
Capital Sacco Contacts
Address
P.O. BOX 1479-60200,MERU
Phone Number
SUPPORT / INQUIRY: 0791018137
Email Addresses
Support: info@capitalsacco.co.ke
YOUR FEEDBACK
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BRANCH HOURS
MON – FRI: 8:30 a.m – 4:00 p.m
SATURDAY 8:30 AM – 12:00 NOON
SUNDAY AND PUBLIC HOLIDAYS: WE REMAIN CLOSED
