GDC Sacco is one of the best Saccos to join in Kenya. Below are the accounts to open at the Sacco, loans, branches and contacts:

GDC Sacco Membership Requirements

Member Contributions

Members can make contributions by placing a monthly standing order, by cash, and/or PAYBILL number 639498.

Member Deposits Contributions

Members’ deposits serve multiple purposes within the SACCO. They act as security for loans, can be used to guarantee another member’s loan, and earn interest for the depositing member. To maintain active membership, members are required to make regular monthly contributions towards their deposits.

Share capital

Share capital is a long-term contribution invested by members, representing their ownership in the SACCO. Each member is required to pay the minimum share capital of KES 5,000 before being eligible to access any credit facilities.

Members deposit boosting

Members can increase their deposits through lump-sum contributions. However, the deposited amount must remain in the SACCO for a minimum of six months before the member becomes eligible to apply for a credit facility.

GDC Sacco Branches and Contacts

Githunguri Town
Market street Ground Floor

GDC SACCO PLAZA, P.O. Box 896-00216

Tel: 020-2015366

info@gdcsacco.co.ke

Limuru Branch

Limuru Town Opposite the Main Stage Next to Khetias Super Market

+254758536324

limuru@gdcsacco.co.ke

Githiga Branch

Githiga Adjacent to the market

+254 723 400 611

githiga@gdcsacco.co.ke

Kigumo Branch

Kigumo -Gathungu Rd Opposite ComeJuu academy

+254 113558876

kigumo@gdcsacco.co.ke

Ikinu Branch

Ikinu Next to National Oil Petrol Station

+254 701 525 837

ikinu@gdcsacco.co.ke

Kwamaiko Branch

Kwamaiko town Along Ruiru- Githunguri Road

+254 704 401 338

kwamaiko@gdcsacco.co.ke

Maai Mahiu Branch

Maai Mahiu Town Market Street

+254 795 615 350

maaimahiu@gdcsacco.co.ke

Kibichoi Branch

Kibichoi Town next to Bruju Petrol Station

+254 111618737

kibichoi@gdcsacco.co.ke

Ruiru Branch

Ruiru Town Opposite Doctors plaza

+254 114745371

ruiru@gdcsacco.co.ke

Savings Products

Business Account

Requirements

• Certified Original and copy of National identification card of all directors.
• Certificate of incorporation/ Registration
• Memorandum and articles of association.
• Board of Directors resolution to open account
• K.R.A PIN & VAT Certificates
• Valid trading license
• Copy of CR12
• Certificate of tax compliance

Terms

• Minimum deposit / top-up amount of KES 100.
• Amounts are withdrawable once a quarter.
• Interest paid is subject to applicable taxes.

Individual Account

Requirements

• Duly completed registration form;
• Original and a copy of the national ID/ Valid Passport
• One (1) passport size photograph and additional
• If below18 years, a copy of the Birth Certificate, Original, and a copy of the guardian’s ID
• Copy of KRA PIN
• Account opening balance of 500*

Terms

• Minimum deposit / top-up amount of KES 100.
• Amounts are withdrawable once a quarter.
• Interest paid is subject to applicable taxes.

Group Account

Requirements

• Certified Original and copy of national identification card of the authorized signatories
• Original and certified copy of Certificate of registration.
• Introduction letter from CDA office-Community Development Association
• Certified minutes extract.
• List of members
• Constitution and by-laws

Diaspora Membership

Features and Benefits

• Competitive interest rate: Up to 7% per annum.
• Interest earned quarterly: Interest is earned quarterly but paid out annually.
• Monthly basis: You can top up your account on a monthly basis.
• Standing order: Free monthly standing order from your savings account.

Requirements for one to Join

• Dully filled Account opening form.
• Attach ID/Passport
• Attach Copy of KRA Pin Certificate
• Passport size photograph
• Know your Customer(KYC)-To be introduced by an existing member.

Diva Account

Requirements

• Duly completed registration form;
• Original and a copy of the national ID/ Valid Passport
• One (1) passport size photograph and additional
• Copy of KRA PIN

Features

• This account is suitable for the Women in business and Agri business
• Account opening balance of Kshs.500
• Share Capital -5,000

Features.

• Active account for 3 months
• Minimum Members Deposit – 25% of the loan value.
• Maximum repayment period 36 months
• Interest rate: 14% flat rate
• Insurance -0.75/1000*time *amount
• Processing -1%
• Maximum amount – Kshs. 500,000.00.
• All loan – Security / Chattel mortgage required/ Guarantors)
• Top up after 3- months
• Business assessment a MUST/Guarantors/ Chattel Mortgage
• Start- up business/Business plan allowed – seed capital to be allocated to this project.

Investments Accounts

Fixed Deposit Account

Features and Benefits

• Competitive interest rate: Up to 7% per annum.
• Interest earned quarterly: Interest is earned quarterly but paid out annually.
• Monthly basis: You can top up your account on a monthly basis.
• Standing order: Free monthly standing order from your savings account.

Terms

• Minimum deposit / top-up amount of KES 100.
• Amounts are withdrawable once a quarter.
• Interest paid is subject to applicable taxes.

Akiba Account

Features and Benefits

• Competitive interest rate: Up to 7% per annum.
• Interest earned quarterly: Interest is earned quarterly but paid out annually.
• Monthly basis: You can top up your account on a monthly basis.
• Standing order: Free monthly standing order from your savings account.

Terms

• Minimum deposit / top-up amount of KES 100.
• Amounts are withdrawable once a quarter.
• Interest paid is subject to applicable taxes.

Premier Savings Account

Features and Benefits

• Competitive interest rate of 10% per annum
• No charges on the premier account.
• The deposits will be used as collateral for the period of the loan.

Terms

• Minimum deposit / top-up amount of KES 100,000.
• Has a defined investment period of 1 year.
• Interest is forfeited if funds are withdrawn before the date of maturity.
• Interest paid is subject to applicable taxes.

GDC Sacco Loans

LONG TERM LOAN FACILITIES

Daraja Loans

Repayment period – Maximum 60 months (5 years)

Security: Fully guaranteed by withdrawable deposits or fully charged collateral

•  Interest – 13% p.a reducing balance

Loan eligibility – General Requirements

•  Saved and contributed deposits diligently and consistently for at least six months

Must be a fully paid up member i.e. have minimum share capital as per the Sacco by-laws

Loans will be based on the ability to pay as per the financial statement

Development Loans

• Members deposit Below ksh.500,000
• Multiplier – by three (3) times the member’s deposit
• Repayment period – loans below Kshs 500,000/– 36 months
• loans equal to or above Kshs 500, 000/– 60 months
• Security: Fully guaranteed by withdrawable deposits or fully charged collateral Interest – 13% p.a reducing balance

Loan eligibility – General Requirements

• Saved and contributed deposits diligently and consistently for at least six months
• Must be a fully paid up member i.e. have minimum share capital as per the Sacco by-laws
• Loans will be based on the ability to pay as per the financial statement

Supersavers product

The product is intended to finance income-generating activities and the purchase of long-term assets.

• Members deposit Above ksh.500,000
• Multiplier – * four (4) of the member’s deposit
• Security – Perfected collateral only
• Interest – 13% p.a reducing balance

Premier Loans

• Members Deposit of over Kshs. 1 Million
• Multiplier -* five (5) of the member’s deposit
• Repayment period – Maximum 60 months (5 years)
• Security: Perfected collateral only
• Minimum Monthly members deposit contribution – kshs. 10,000. Interest rate: 13% reducing balance

Loan eligibility – General Requirements

• Saved and contributed deposits diligently and consistently for at least six months
• Must be a fully paid up member i.e. have minimum share capital as per the Sacco by-laws
• Loans will be based on the ability to pay as per the financial statement

PSV MATATUS/TUKTUKS LOANS

Service Charges and Fees

• Loan Insurance will be charged at 0.75 per thousand per month.
• Loan processing fee will be charged at 1% on loan amount.
• Sale of loan form kshs 500
• Asset being financed shall be insured comprehensively.
• 1% goes to share capital.

Product Terms, Conditions and Security

• Any member intending to apply for this product must be an active member for at least six (6) months; and have at least 20% accumulated members’ deposits of intended loan amount.
• The product will be offered to members upon successful loan appraisal based on ability to pay and other credit prudential criterion approach.
• The asset being financed will be used as a security of the loan and as such right of lien placed.
• Maximum loan duration will be three years
• Interest rate will be 14% on reducing balance.
• The sacco shall finance up to 75% of the force value.
• The actual payment for the asset being financed, shall be paid by the Sacco directly to the seller after being satisfied on actual cost of the asset, either by verification of L.P.O, invoice, an agreement for intent of sale or any other authentic document to validate actual market cost of the asset in question.
• Any cost associated with charging and discharging the asset will be borne by the borrower.
• The asset shall be adequately insured, where applicable, during the loan duration.
• Daily deposits to be done to GDC account.

For motor vehicles the following shall apply.

• Valuation report from Sacco’s accredited valuers
• Sale agreement between the vendor and the buyer.
• Joint registration of the vehicle thus NTSA tims transfer at the time of payment).
• Letter of offer shall be issued by the Sacco for all asset finance loans.
• Loan repayment installments shall be due on a monthly basis.

Sepersavor Loans

• This product is intended to finance income-generating activities and the purchase of long-term assets. Members can borrow up to four times their deposit, with a repayment period of up to 60 months.
• Members deposit Above ksh.500,000
• Multiplier – * four ( 4 ) of the member’s deposit
• Security – Perfected collateral only
• Interest – 13%13% p.a reducing balance

Asset Finance

• Must operate as an active member for at least six (6) months
• Members’ deposits – at least 20% of the loan amount.
• Security -Asset being financed
• Interest rate – 14% p.a on reducing balance.
• Private and commercial motor vehicles – financed up to 70% of the market value

Loan eligibility – General Requirements

• Saved and contributed deposits diligently and consistently for at least six months
• Must be a fully paid up member i.e. have minimum share capital as per the Sacco by-laws
• Loans will be based on the ability to pay as per the financial statement

Corporate Business Loan

• Active Corporate for at least six months
• Minimum members deposit – Kshs. 5,000,000.00
• Minimum Loan Amount: Kshs. 1,000,000.00
• Maximum Loan Amount: Kshs. 50,000,000.00
• Maximum repayment period – 60 months
• Interest rate – 12% p.a Reducing balance

Loan eligibility – General Requirements

• Saved and contributed deposits diligently and consistently for at least six months
• Must be a fully paid up member i.e. have minimum share capital as per the Sacco by-laws
• Loans will be based on the ability to pay as per the financial statement

SHORT TERM LOANS

Key features and benefits of GDC SACCO short-term credit facilities:

GDC SACCO is committed to providing its members with various financial services to meet their needs and goals. By offering competitive interest rates, flexible repayment terms, and convenient services, GDC SACCO aims to be the preferred financial institution for its members.

Loan eligibility – General Requirements

• Saved and contributed deposits diligently and consistently for at least six months
• Must be a fully paid up member i.e. have minimum share capital as per the Sacco by-laws
• Loans will be based on the ability to pay as per the financial statement

Imarisha Business loan (SME LOAN)

This is a short-term credit facility for the SME members geared towards empowering the SME to become financially independent.

Requirements

• Active Imarisha account -Above 1 month
• Minimum Members Deposit – 25% of the loan value.
• Maximum repayment period -12 months
• Interest rate: 10% flat rate

Mazao & Mazao Special Loan

This is a medium to the long-term loan advanced to dairy farmers to improve their dairy farming business or buy farm equipment subjected to five (5) months of income

Requirements

• The maximum un-secured amount is Ksh.500,000.00
• The maximum secured amount is Ksh.3,000,000.00
• Maximum repayment period – Loan above /secured Ksh.500, 000 – 24 months
• Below/unsecured Ksh. 500,000 – 18 months.
• Below/unsecured Ksh. 500,000 – 18 months.

Business Overdraft Loan

This is a short-term advance to active small and medium business accounts holders to replenish stock

Requirements

• Maintain an active business account for 3 months
• Business proceeds must be channeled through FOSA
• Maximum – Kshs. 500,000 subjects to 2/3 of proceeds for the last 3 months
• Repayment period – Maximum 6 months
• Loan interest – 2.5% per month
• Minimum members deposit – 20% of the amount applied

Ng’ombe Loan

This is a medium -term loan advanced to dairy farmers to increase their production

Requirements

• The maximum un-secured amount is Ksh.500,000.00
• The maximum secured amount is Ksh.3,000,000.00
• Maximum repayment period – Loan above /secured Ksh.500, 000 – 24 months
• Below/unsecured Ksh. 500,000 – 18 months.
• Below/unsecured Ksh. 500,000 – 18 months.

ADVANCES

Salary Advance

Requirements

• At least one month’s salary
• The maximum amount shall not exceed 1/3 of net salary proceeds
• Repayment period – 1 month
• Interest rate – 10%

Features

• One month’s salary
• The maximum amount shall not exceed 1/31/3 of net salary proceeds
• Repayment period – 1 month
• Interest rate – 10%
• (However, the above opening amounts are subject to change from time to time)

Milk Advance​

Requirements

• At least one-month milk proceeds
• Maximum 1/2 last milk proceeds
• Repayment period – 1 month
• Interest rate – 10%

Features

• One month’s salary
• The maximum amount shall not exceed 1/31/3 of net salary proceeds
• Repayment period – 1 month
• Interest rate – 10%
• (However, the above opening amounts are subject to change from time to time)

Cheque Advance

Requirements

• Maximum amount – Not more than 50% of the cheque value
• Repayment period – Repayable immediately after the cheque clears
• Interest rate – 10% upfront

Features

• One month’s salary
• The maximum amount shall not exceed 1/31/3 of net salary proceeds
• Repayment period – 1 month
• Interest rate – 10%

Kahawa Advance

Requirements

• Coffee proceeds channeled through the Sacco
• Maximum amount – half of the expected net income
• Repayment period –Next coffee payment (Maximum 6 months)
• Interest rate – 10%

Features

• One month’s salary
• The maximum amount shall not exceed 1/31/3 of net salary proceeds
• Repayment period – 1 month
• Interest rate – 10%
• (However, the above opening amounts are subject to change from time to time)

Kwamua Advance

equirements

• 3 – month milk proceeds
• Maximum amount – Kshs 50,000.00 subject to a Maximum 2/3 of three months’ milk proceeds
• Repayment period – 3 months
• Between Kshs 20,001- 50,000 repayable in 6 months
• Interest rate – 14%*

Features

• One month’s salary
• The maximum amount shall not exceed 1/31/3 of net salary proceeds
• Repayment period – 1 month
• Interest rate – 10%
• (However, the above opening amounts are subject to change from time to time)

Kwamua Staff Advance

Requirements

• 3-month month salary
• Maximum amount – Kshs 50,000.00 subject to 2/3 of three months’ salary proceeds
• Repayment period – 3 months
• Between Kshs 20,001- 50,000 repayable in 6 months
• Interest rate – 14%*

Pay Bill Services

Our customers can easily use lipa na M-pesa Pay Bill number 639498 to:

• Deposit cash to their GDC Sacco accounts
• Pay Loans
• Pay Shares

Payment Steps via Mpesa

• Go to mpesa menu on your phone
• Select payment services/lipa na M-PESA
• Select pay Bill
• Enter Business Number ‘639498’
• Enter Account Number-put in your ID/Membership number
• Enter the Amount
• Enter your Pin
• Confirm that you have entered the correct pay bill number/your ID Number/Account Number/Amount
• You will receive a confirmation shortly that the amount sent to GITHUNGURI DAIRY & COMMUNITY SACCO