Ammar Sacco Society Limited is a licensed deposit-taking Sacco (Savings and Credit Co-operative) in Kenya. It is headquartered in Thika and serves as a financial partner for individuals, groups, and business owners, providing savings, investment, and credit facilities.
Ammar Sacco Society Limited’s Quick Facts
| Name of the Deposit Taking SACCO Society | Postal Address | Physical Location of Head Office | County |
| Location of Head Office | |||
| Ammar Sacco Society Limited | P.O. Box 6957 – 01000, Thika | Elica Plaza, Kwame Nkrumah Road, Thika Town | Murang’a |
Ammar Sacco Society Limited’s Core Services
Ammar Sacco offers a range of financial products through its Front Office Services Activity (FOSA) and Back Office Services Activity (BOSA):
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Savings Accounts: * Ordinary Savings: Flexible deposits/withdrawals with no ledger fees.
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Salary Account: Tailored for employees to channel their salaries.
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Umoja Account: Focused on community-based and group savings.
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Credit Facilities (Loans):
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BOSA Loans: Long-term loans based on a member’s share capital.
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Business & Mkulima Loans: Specific financing for business expansion and agricultural activities.
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Emergency & Salary Advances: Short-term credit for urgent financial needs.
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Investment & Housing:
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Ammar Housing Co-operative: A subsidiary focused on helping members acquire land and housing at affordable prices through subdivision and bulk purchasing.
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Dividends: Members earn annual dividends on their share capital and interest on their deposits.
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Ammar Sacco Society Limited’s Digital Banking
The Sacco provides a mobile banking application (Ammar Sacco App) available on the Google Play Store. This allows members to:
- Transfer funds to M-Pesa.
- Pay bills and buy airtime.
- Check account balances and view mini-statements.
Ammar Sacco Society Limited’s Membership & Registration
To join, individuals typically pay a registration fee (approximately KSh 2,000) and are required to grow their share capital to a minimum threshold (e.g., 20 shares at KSh 1,000 each).
Ammar Sacco Society Limited’s Contact Information
- Head Office: Elica Plaza, Ground Floor, Kwame Nkrumah Street, Thika Town.
- Postal Address: P.O. Box 6957 – 01000, Thika.
- Phone: +254 711 431 590 / +254 704 979 246 / +254 769 636 366.
- Email: [email protected] / [email protected].
- Official Website: ammarsacco.co.ke
Thika, Kenya
0711 431590
ammarsacco.co.ke
Continue reading: List of Licensed and Authorized Sacco Societies In Kenya
Ammar Sacco Society Limited’s Membership
Join Ammar SACCO and experience financial services designed for your growth. Member-owned, trusted, and built for your future.
Why Members Trust Ammar SACCO
- Regulated & Compliant Financial Institution: Ammar Sacco is Fully licensed and supervised under the Co-operative Societies Act.
- Transparent Governance & Accountability: There are Regular audits and member reporting ensure full transparency.
- Secure Handling of Member Funds: Robust security measures and insurance protect your savings.
Member-First Decision Making
Democratic governance ensures members control the SACCO’s direction.
Ammar Sacco Society Limited’s Quick Details
- Type: Deposit-Taking
- County: Murang’a
- Postal Address: P.O Box 6957 – 01000, Thika
- Head Office: Elica Plaza, Kwame Nkrumah Road, Thika Town
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Ammar Sacco Society Limited’s History
Ammar Sacco was initially registered as All Churches Sacco in December 2004 under the Co-operatives Societies Act Cap 490 to cater for the financial needs of its members. It was until the year 2019 we rebranded and changed the name to Ammar Sacco. Membership is drawn mainly from residents within Murang’a and Kiambu counties but it’s open to all members of the republic of Kenya.
The Sacco opened its Front Office Savings Activity (FOSA) in January 2012 and has been licensed by The Sacco Societies Regulatory Authority (SASRA) to carry out Deposit Taking Business. The Sacco draws its customers from farmers, civil servants, teachers, employees from various organizations, youth, women, persons with disability and business people.
Ammar Sacco Society Limited’s Services
1. Ammar Sacco Society Limited’s Credit Facilities
Access affordable credit for your personal and business needs.
Ammar Sacco Society Limited’s Boosa Loans
Requirements:
- •The product is issued to a member who has been active for the previous six months
- •Rate of repayment is 12% p.a on reducing balance
- •Repayable with a maximum of 36 months
- •The products must be in line with the two third rules
- •The applicant must sign a letter of offer and acceptance
Ammar Sacco Society Limited’s Business Loans
Requirements:
- •Issued to account holders who have been active for at least three months
- •The product must be fully secured and the security fully charged to Ammar Sacco Society Ltd
- •The product must be guaranteed by two active account holders
- •The products must be in line with the two third rules
- •Rate of repayment is 18% on reducing balance
- •Repayable with a maximum of 36 months
Ammar Sacco Society Limited’s Mkulima Loans
Coffee loan
- •Designed to meet the financial need of the coffee farmers whose proceeds are channeled through the Sacco
- •One month active account, fully paid member
- •A very competitive interest rate
- •A convenient repayment period
- •A specific amount on investment deposits
Tea loan
- •Designed to meet the financial need of the tea farmers whose proceeds are channeled through the Sacco
- •One month active account, fully paid member
- •A very competitive interest rate
- •A convenient repayment period
- •A specific amount on investment deposits
Milk loan
- •Designed to meet the financial need of daily farmers whose milk payment is channeled through the Sacco
- •One month active account, fully paid member
- •A very competitive interest rate
- •A convenient repayment period
Ammar Sacco Society Limited’s Salary Loans
Requirements:
- •The applicant should be a Sacco Shareholder
- •Loanee must attach a commitment letter and a letter of confirmation from the employer
- •Should be guaranteed by at least three people whose salary is channeled through the Sacco
- •The products must be in line with the two third rules
- •Flexible repayment period
Ammar Sacco Society Limited’s Group Loans
Requirements:
- •Group to actively operate account for at least 3 months
- •Each group member contributes at least KES 500= per month
- •Loan granted through members co-guarantee
- •Interest shall be at prevailing market rates
- •Period up to 36 months
Ammar Sacco Society Limited’s LPO Financing
Requirements:
- •A valid LPO/LSO from a recognized company
- •Reference of previous work / supplies done
- •The applicant must have an active account for at least three months
- •A specific amount on investment deposits
- •A completed tripartite agreement form showing the obligation of each party
- •A convenient repayment period based on contract type
- •Flexible collateral depending on loan purpose and amount
Ammar Sacco Society Limited’s Development Loans
Requirements:
- •Active account for at least three months
- •Previous bank statements are also considered
- •A specific amount of investment deposit
- •Flexible collateral
- •Repayment period up to 36 months
- •Very affordable interest rate
- •Top up provision after reasonable repayment
Ammar Sacco Society Limited’s Mfugo Loans
Requirements:
- •One month active account
- •Fully paid member
- •Specific amount on investment deposits
- •Cow to be comprehensively insured
- •A convenient repayment period up to 24 months
Ammar Sacco Society Limited’s Asset Financing
Requirements:
- •The applicant must have an active savings account for at least months
- •The applicant must be a shareholder
- •Repayable with a maximum of 36 months
- •The product must be fully secured and the security fully charged to Ammar Sacco
- •The product must be guaranteed by two active Sacco Members
- •The products must be in line with the two third rules
Ammar Sacco Society Limited’s Church Loans
Requirements:
- •The Church must have an active account for at least three months
- •The Church must be duly registered
- •Repayment period shall not exceed three years
Ammar Sacco Society Limited’s Vijana Loans
Requirements:
- •Eligibility Given to individuals between the age of 18 and 35 years
- •The applicant must have an active savings account for at least three months
- •A specific amount of investment deposit
- •Application to have a signed letter of offer and acceptance
2. Saving Products
Build your financial foundation with our flexible savings options.
Ammar Sacco Society Limited’s Salary Account
- ✓No ledger fee
Ammar Sacco Society Limited’s Ordinary Saving Account
- ✓Unlimited daily access to funds via counter
- ✓Withdrawal fee of Ksh. 50
- ✓Minimum Balance of Ksh. 300
- ✓No ledger fee
- ✓Free photo capture on account opening
- ✓Attractive Interest on deposits
- ✓Withdrawal via ATM and Mobile Banking
Ammar Sacco Society Limited’s Umoja Account
- ✓Minimum balance of KES 300
- ✓No ledger fees
- ✓Attractive interest on deposits
Ammar Sacco Society Limited’s Toto Account
- ✓Free standing order
- ✓No ledger fee
- ✓Minimum balance @200/-
Ammar Sacco Society Limited’s Business Account
- ✓No ledger fee
- ✓Minimum balance @ Ksh. 300
- ✓Access to short term loan facilities of up to Ksh. 100, 000/-
- ✓Access to cash daily over the counter
- ✓Designed to suit small scale/medium business entrepreneurs
Ammar Sacco Society Limited’s Current Account
- ✓No account opening balance
- ✓No operating balance
- ✓No ledger fees
- ✓In-house check books issued to facilitate third party payments
- ✓Unlimited frequencies of withdrawals
- ✓Personal check books issued
Ammar Sacco Society Limited’s Vijana Account
- ✓No account opening balance
- ✓No operating balance
- ✓No ledger fees
- ✓In-house check books issued to facilitate third party payments
- ✓Unlimited frequencies of withdrawals
- ✓Members to be between 18 and 35 years
Ammar Sacco Society Limited’s Church Account
- ✓Designed for churches
- ✓Attractive interest rates on deposits
- ✓Soft loans
- ✓No ledger fees
- ✓Unlimited frequencies of withdrawals
3. Investment Products
Grow your wealth with our professionally managed investment options.
Ammar Sacco Society Limited’s Sacco Bosa Shares
- ✓Open to all members
- ✓Open to all SACCO account holders
- ✓One share sold at KES 20/= only
- ✓Members can grow their shares to a minimum of 200 (worth KES 4,000=) within six months of joining the SACCO
- ✓Convenient contribution facilitated through standing orders and check off agreement with the employer or direct contribution
Ammar Sacco Society Limited’s Sacco Fosa Shares
- ✓Open to all members
- ✓Open to all SACCO account holders
- ✓Open to additional deposits
- ✓Guaranteed interest rates
- ✓Convenient contribution through check off
Ammar Sacco Society Limited’s Fixed Deposit Account
- ✓Negotiable and attractive rates of interest
- ✓Special considerations when one applies for a loan
- ✓Specific deposit period ranging from (3-12) months and flexible roll over at the prevailing rate of interest
- ✓Cash deposits or direct transfers from savings accounts
Ammar Sacco Society Limited’s Ammar Housing
Objectives
- •To expand Housing and Land ownership
- •To expand Housing in bulk and subdivide it into smaller portions mainly to our members at a cheap affordable price
Ammar Sacco Society Limited’s Membership
- •Registration fee of Ksh.2000
- •Members grow their shares to a minimum of 20 each worth Ksh1000
Get in Touch with Ammar Sacco Society Limited
Phone
+254 711 431 590 / +254 704 979 246
Address
Elica Plaza, Ground Floor, Kwame Nkrumah Street
Business Hours
Monday – Friday: 8:00 AM – 5:00 PM
Saturday: 9:00 AM – 1:00 PM
Sunday: Closed