Below are important details about Univision Sacco:
Membership Requirements
Who is eligible to join Univision Sacco?
Our Sacco admits eligible individuals, groups, or corporates for membership upon fulfilment of membership opening requirements below.
Eligible Members Include
- Teachers
- Tsc Secretariat
- All civil servants and salaried employees
- Other Government Ministries and Parastatals
- Private and Non-governmental organizations
- Retired Officers
- Chamas & Corporates
- Business Community
- National & County Government Employees
- Diaspora Members
Membership Process
How to join the Sacco?
You can join Univision Sacco by downloading and filling the membership application form and submit it to our office or send it to the official email address of the Sacco. Below are the requirements for each type of membership.
Individual Membership
To join the Sacco, one needs to
Be at least 18 years of age and have a source of income.
Complete the Membership Application Form
Attach copy of Kenyan National Identity Card or a valid Kenyan Passport
Attach copy of the KRA PIN certificate
Attach a colored passport size photograph
Pay an entrance fee of Kshs. 1,000
Open a FOSA account (free)
Have a minimum share capital of Kshs. 10,000
Group Membership
To join the Sacco, a group needs to
Complete the Membership Application Form
Attach minutes of the group’s meeting resolving to join the Sacco
Attach copies of Identification Cards, and Passport Photos of authorized signatories.
Attach copy of group’s registration certificate.
Pay an entrance fee of Kshs. 1000
Open a FOSA account (free)
Savings Products
Toto Children Account
This savings account is meant for children under the age of 18 years.
Account Features
Minimum contribution of Ksh 100/=
Minimum interest earning balance is Ksh 3,000
Interest rate 5% per annum
Bima Account
This a saving account for insurance
Account Requirements
Minimum contribution of Ksh 500/=
Minimum interest earning balance is Ksh 3,000
Interest rate 5% per annum
Fixed Deposit Account
This account which provides investors a higher rate of interest than a regular savings account, until the given maturity date.
Account Features
Minimum amount of Kshs. 50,000
Interest rates varying from 8% p.a to 13% p.a
Minimum period to earn interest is 3 months, 6 months, 9 months and 12 months
Withholding tax of 15% statutory requirement
Smart Fix Account
This a Smart Fix savings account
Account Requirements
Minimum deposit is Ksh. 5,000/=
Top-up is allowed
Interest rate of 12% pro rata basis
Maturity period of 3, 6, 9, and 12 months
Jiinue Account
This account if for those saving money for investment in their projects or businesses.
Account Features
Minimum contribution of Ksh 100/=
Minimum interest earning balance is Ksh 3,000
Interest rate 5% per annum
Holiday Account
This account is for those saving for a holiday/vacation.
Account Features
Minimum contribution of Ksh 100/=
Minimum interest earning balance is Ksh 3,000
Interest rate 5% per annum
Jipange Retirement Scheme
This a retirement savings account
Account Requirements
Minimum monthly contribution is Ksh. 200/=
Savings can be done through a standing order, direct deposit or paybill number
Withdrawal is only allowed upon retirement or demise of the member
Annual interest rate of 10%. The interest will be ploughed back to the Jipange Account
Member Welfare Scheme
This an account for member welfare
Compensation will be as follows
Principal member = Ksh. 100,000/=
Spouse = Ksh. 100,000/=
Children up to 6 in number and up to 25yrs of age = Ksh. 50,000/= with a proof that he/she is in college or university
Account Requirements
Monthly contribution is Ksh. 200/=
Members are required to fill the benevolent fund nominee form and attach supporting documents of the beneficiaries (birth certificate for children and marriage certificate for spouses)
A member becomes eligible to this benefit after 6 months of frequent contributions
Each member to be considered independently in cases where a member and spouse are members
Children are considered from the date of notification of birth to 25yrs of age as long as they are schooling. Death certificates should follow within one month after notification
List of Loans
Normal Loan
This loan is given to any member of the Univision Sacco who meets the requirements.
Loan Requirements
Be a registered member with contributions of at least 6 months
Fully completed loan application form
Guarantors’ and applicant’s shares MUST be equal to or more than the loan applied for
Attach copy of National ID/Valid Passport
Three current pay slips certified by the applicant’s employer’s payroll
Investment Loan
This loan is given to any member of the Univision Sacco who meets the requirements.
Loan Requirements
Be a registered member with contributions of at least 6 months
Fully completed loan application form
Guarantors’ and applicant’s shares MUST be equal to or more than the loan applied for
Attach copy of National ID/Valid Passport
Three current pay slips certified by the applicant’s employer’s payroll
Salary Advance Loan
This loan is given to any member of the Univision Sacco who meets the requirements.
Loan Requirements
Be a registered member with contributions of at least 6 months
Fully completed loan application form
Guarantors’ and applicant’s shares MUST be equal to or more than the loan applied for
Attach copy of National ID/Valid Passport
Three current pay slips certified by the applicant’s employer’s payroll
Hekima Loan
This loan is given to any member of the Univision Sacco who meets the requirements.
Loan Requirements
Be a registered member with contributions of at least 6 months
Fully completed loan application form
Guarantors’ and applicant’s shares MUST be equal to or more than the loan applied for
Attach copy of National ID/Valid Passport
Three current pay slips certified by the applicant’s employer’s payroll
Special Loan
This loan is given to any member of the Univision Sacco who meets the requirements.
Loan Requirements
Be a registered member with contributions of at least 6 months
Fully completed loan application form
Guarantors’ and applicant’s shares MUST be equal to or more than the loan applied for
Attach copy of National ID/Valid Passport
Three current pay slips certified by the applicant’s employer’s payroll
Prime Loan
This loan is given to any member of the Univision Sacco who meets the requirements.
Loan Requirements
Be a registered member with contributions of at least 6 months
Fully completed loan application form
Guarantors’ and applicant’s shares MUST be equal to or more than the loan applied for
Attach copy of National ID/Valid Passport
Three current pay slips certified by the applicant’s employer’s payroll
Super Loan
This loan is given to any member of the Kitui Teachers Sacco who meets the requirements.
Loan Requirements
Be a registered member with contributions of at least 6 months
Fully completed loan application form
Guarantors’ and applicant’s shares MUST be equal to or more than the loan applied for
Attach copy of National ID/Valid Passport
Three current pay slips certified by the applicant’s employer’s payroll
Emergency/School Fees Loan
This loan is given to any member of the Univision Sacco who meets the requirements.
Loan Requirements
Be a registered member with contributions of at least 6 months
Fully completed loan application form
Guarantors’ and applicant’s shares MUST be equal to or more than the loan applied for
Attach copy of National ID/Valid Passport
Three current pay slips certified by the applicant’s employer’s payroll
Maximum repayment period is 96 months
S M-PATA Loan
This loan is given to any member of the Univision Sacco who meets the requirements.
Loan Requirements
Online Loan
Half of member’s salary after deductions
Half of BOSA deposits
Minimum amount of Ksh. 500/=
Salary to be channeled through FOSA for at least one month
Repayable within one month
Online guarantorship
Security options: guarantors or applicant deposits
Karibu Loan
This loan is given to any member of the Univision Sacco who meets the requirements.
Loan Requirements
It’s meant for the newly employed members
Maximum qualifying amount is Ksh. 100,000/=
Attach National ID copy and employment particulars i.e. employment letter, posting letter etc.
Commitment to channel salary through FOSA
Instant/no waiting period
Repayable within 12 months
Paybill Number
Univision Sacco paybill number is 417325
Univision Sacco Branches and Contacts
Customer Care No.
+254 758 929 385
Email Us:
info@univisionsacco.co.ke
Office Address:
Kitui Town, Kenya.
Postal Address:
P.O. Box 254 Kitui, Kenya.
Branches
We have a total of 8 branches in the following areas.
Kitui Branch
Located in Kitui town
0732 276 115
info@univisionsacco.co.ke
Mutito Branch
Zombe Market, Mutito-Endau road
0748 450 289
info@univisionsacco.co.ke
Mwingi Branch
Located in Mwingi town
0774 016 760
info@univisionsacco.co.ke
Mutomo Branch
Mutomo town, along Kitui-Kibwezi road
0735 531 917
info@univisionsacco.co.ke
Kyuso Branch
Serving Kyuso district, Mumoni district, Tseikuru district
0743 195 799
info@univisionsacco.co.ke
Makindu Branch
Makindu along Mombasa road, Makueni County
0750 680 086
info@univisionsacco.co.ke
Wote Branch
Located in Wote town
0746 475 766
info@univisionsacco.co.ke
Machakos Branch
Located in Machakos town
0756 168 625
info@univisionsacco.co.ke
Who is eligible to join Kitui Teachers Sacco and what are the requirements?
Membership is open to all. An individual is eligible for membership if he/she is in the possession of the following qualifications:
- Over 18 years
- Teachers and TSC employees
- All civil servants and salaried employees
- Business community
- Spouse or child of any of the above who must be 18 years of age and above
The following documents are required:
- A fully filled membership application form
- Copy of the National Identity Card (Both sides)
- Two recent color passport size photographs.
What is the difference between share capital and deposits?
Share capital
Share capital is the money invested in the Sacco by the members/shareholders. It is a permanent/long-term member’s contribution toward the Sacco capital and forms part of Sacco equity. It represents your ownership of the Sacco, currently, each member has a minimum of 100 Shares valued at KES 100.
Deposits
Deposits mean a balance that is established and maintained by a member at a SACCO that confers membership rights to that person, these are the regular monthly deposits. They are used to determine eligibility for a loan and can only be withdrawn when one ceases to be a member. Deposits can be used as loan security; and are withdraw-able members’ savings.
How do I make my monthly contributions?
- Employer Check off
- Sacco or Bank standing order
- M-Pesa Pay bill 417315
- Through *882*
- Mobile App
- Sacco Agents
- Over the counter cash deposit
What are the requirements/documents need for loan application?
- Fully completed loan application form
- The number of guarantors is dependent on the type of loan and their total deposit amount. They must be active members and have contributed towards their deposits for at least six months. Guarantors’ and applicant’s shares MUST be equal to or more than the loan applied for.
- Three current pay slips certified by the applicant’s employer’s payroll, MUST be attached to the application.
- Attach copy of National ID/Valid Passport
