Stima SACCO is one of the leading licensed Tier-1 Deposit-Taking SACCOs in Kenya. Originally established in 1974 to serve employees of the then East African Power and Lighting Company, it has since opened its membership to the general public, including individuals, corporates, and groups (chamas).
Stima SACCO’s Key Services and Products
-
Savings Accounts: Offers various accounts including Alpha Deposits (non-withdrawable capital), Prime Savings (FOSA), and specialized accounts for children and youth.
-
Credit Facilities: * Development Loans: For long-term projects (usually 3–4 times your deposits).
-
M-Pawa: A mobile-based loan for quick, short-term liquidity.
-
Specialized Loans: Including school fees loans, emergency loans, and asset financing.
-
-
Insurance: Through the Stima Sacco Insurance Agency, they provide motor, medical, and life insurance products.
-
Investment: Access to mortgage facilities and housing projects through partnerships.
You may also like: Mwalimu National SACCO’s Contacts, Dividends, Shares, Loans, Membership, Branches and Portals
Stima SACCO’s Digital Banking Channels
The SACCO has a strong digital presence to facilitate transactions without visiting a physical branch:
-
Stima Sacco App: Available on Android and iOS for funds transfer, airtime purchase, and utility payments.
-
USSD Code: Dial *489# for basic banking services on any mobile phone.
-
M-Pawa: Direct integration for borrowing and repaying via mobile money.
Stima SACCO’s Membership Requirements
To join, you typically need:
-
A completed membership application form.
-
A copy of your Kenyan National ID or Passport.
-
A copy of your KRA PIN certificate.
-
Passport-sized photographs.
-
Payment of a registration fee and minimum share capital.
Branches are located in major Kenyan hubs, including Nairobi (Parklands, CBD, Kasarani), Mombasa, Kisumu, Nakuru, Eldoret, Olkaria, and Embu.
Continue reading: Top, Best Saccos in Kenya {Ultimate Guide}
Quick Facts on Stima Sacco.
Introduction on Stima Sacco.
Page · Local business
parklands, Nairobi, Kenya
0703 024000
stima-sacco.comSERVICES OFFERED BY STIMA SACCO.
1. SAVINGS ACCOUNTS
REACH YOUR FINANCIAL TARGETS WITH OUR SAVINGS ACCOUNTS
“We have different savings accounts for your every day needs”
Savings Accounts provide opportunities to individuals and corporate bodies to accumulate regular savings. The Society offers both medium and long-term savings accounts to members.
Prior to opening a savings account, the individual requesting the account shall have been admitted as a member of the society. Contributions can be through check off, standing orders, mobile banking, direct deposits, or bank transfers.
Upon successful completion of membership registration, 3 mandatory accounts are created;
- Share Capital- Amount of shares available
- Alpha Deposit – Non-withdrawable Savings Account which is also Multiplier Account for loans
- Prime Account – Transactional/Current Account
TYPES OF SAVINGS ACCOUNTS
Savings Accounts
Accounts
Accounts
There are 2 types of non-withdrawable savings accounts: Shares Captial and Alpha Deposits Savings accounts
| Shares Capital Account | Alpha Deposits Savings Account | ||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Individual Membership
Corporate Membership
Chama Membership
|
|
FIXED DEPOSIT RATES
Latest FDR rates as at 2021
| Amount | Call (%) | 3 months (%) | 6 months (%) | 12 months (%) |
|---|---|---|---|---|
| 100m and above | 7.00 | 9.50 | 9.75 | 10.00 |
| 50m-99.9m | 7.00 | 9.00 | 9.50 | 9.75 |
| 10m-24.9m | 6.50 | 7.50 | 8.50 | 9.00 |
| 5m-9,999,999 | 6.50 | 7.25 | 8.00 | 8.50 |
| 3m-4,999,999 | 5.50 | 7.00 | 7.50 | 8.00 |
| 1m-2,999,999 | 5.25 | 6.75 | 7.00 | 7.50 |
| 400,000-999,999 | 5.00 | 6.50 | 6.50 | 7.00 |
| 50,000-399,999 | 4.75 | 6.25 | 6.25 | 6.50 |
| 5000-49999 | 4.50 | 6.00 | 6.00 | 6.00 |
Open a Savings Account
Are you a member of Stima Sacco? Click here if No.
If yes, fill in the form below and one of our representatives will get back to you on opening a new savings account.
FREQUENTLY ASKED QUESTIONS
What are the prevailing term deposit rates?
The current prevailing rares are updated in the table above
How do I change my monthly deductions?
Fill in the deduction change advice form available in all our branches or download from the Stima Sacco website.
• Submit the filled in form to your nearest branch or scan the form and send to [email protected] for the change to be effected.
Fill in the standing order placement form to place or amend an existing standing
order and submit to your nearest branch.
How long it takes to update standing orders?
One day.
Standing order charges.
The fee for placing an external standing order is Kes 300/= There is no charge for placing an internal standing order.
2. INVEST WITH STIMA SACCO
INVESTMENT OPTIONS
Term deposits are profit-bearing fixed deposit accounts offered by Stima Sacco to its members. These deposits provide convenient means of investing funds which are not required for immediate use on higher interest-bearing rates than Savings Accounts. Presently the following products are being offered by Stima Sacco
|
SAVINGS ACCOUNT
|
FEATURES
|
|---|---|
|
Fixed Deposit Account
|
• Fixed deposit account is a withdrawable deposit account where depositors can place short term deposits for a specified periods of time usually between three to twelve months.
• The account targets members who wish to put aside funds for investment, and they are certain of the period that they can commit the funds. • Minimum deposit amount is Kes.5,000. • Funds can be fixed either for 3, 6 or 12 months. • Interest is computed daily and credited at the maturity of the contract period subject to a withholding tax of 5%. • Accrued interest is forfeited if a depositor withdraws the funds before maturity date. • The customer is issued with a Certificate of Deposit upon depositing the money. • The Certificate of Deposit details the amount deposited, date deposited, interest rate applicable, contract period and the maturity date. • Upon maturity the depositor can rollover the principal together with the interest or collect interest and rollover the principal or collect both principal and interest. |
|
Call Deposit Account
|
• Funds can be recalled anytime without losing Interest.
• Guaranteed return on Investment. • Minimum is Kes 5,000. |
|
Golden Savings Account
|
•This is an investment option account that guarantees a minimum return monthly subject to the amount invested.
• Amounts fixed for a period of 1 year. • Minimum Deposit is Kes.5,000. • Monthly returns can be wired to the beneficiaries upon request |
3. credit products
We have developed and we keep on reviewing credit products that suit our members.
STIMA SACCO CREDIT PRODUCTS
Find the best credit product for you by using the filters below
Apply for a Loan through the
Features
- Max Loan Amount:4X members Alpha deposits
- Repayment Up to 72 Mths
Features
- Max Loan Amount:Ksh.10 million
- Repayment Up to 36mths
Features
- Max Loan Amount: 70% of the cost of goods up to Ksh.10 million.
- Repayment Not exceeding 90 days
Features
- Max Loan Amount: 3 X Alpha deposits
- Maximum loan: 80% of Invoice value
- Loan Term: As per Invoice specifications; Not exceeding 90 days
Features
- Max Loan Amount:Upto 90% of the fixed deposit
- Repayment Same as FDR period
Features
- Max Loan Amount: 3X members Alpha deposits
- Repayment Upto 24 months
Features
- Max Loan Amount: 15M
- Repayment Upto 144 months
Features
- Max Loan Amount:Kshs 120,000
- Repayment Upto 6 months
Features
- Max Loan Amount:Ksh 200,000
- Repayment Up to 12mths
Features
- Max Loan Amount: 3X members Alpha deposits
- Repayment Up to 15mths
Features
- Max Loan Amount: Up to 75% of Msingi Bora deposits
- Repayment Up to 12 months
Features
- Max Loan Amount:Kshs 100,000
- Repayment Up to 1mths
Features
- Max Loan Amount:Ksh.1,000,000 (subject to value of item)
- Repayment Up to 48mths
Features
- Max Loan Amount: 4X members Alpha deposits
- Repayment Up to 60 months
Features
- Max Loan Amount: 4X members Alpha deposits
- Repayment Up to 96 mths
CREDIT PRODUCT REVIEWS
|
Loan Type
|
New Annual Interest Rate
|
Multiplier Factor
|
Loan Tenor (Months)
|
Max. Loan Amount (Kes.)
|
|---|---|---|---|---|
|
Normal
|
12% reducing balance
|
X4
|
60
|
X4
|
|
Mwangaza (non-scheme)
|
14% reducing balance
|
NA
|
48
|
5M
|
|
Mwangaza (Scheme)
|
13.9%
|
NA
|
78
|
5M
|
|
Premium
|
13% reducing balance
|
X5
|
96
|
NA
|
|
Make Over
|
18% reducing balance
|
X5
|
48
|
1,000,000
|
|
SOSA
|
15% reducing balance
|
X4
|
24
|
X4
|
|
Funika
|
1% daily rate
|
N/A
|
30 days
|
15,000
|
LOAN CALCULATOR
Drag the range sliders to select the loan amount and repayment period to see your estimated monthly repayment and total interest.
Disclaimer: This calculator is made available to you as a self-help tool for your independent use. The repayment results in every case are an approximate guide only
FREQUENTLY ASKED QUESTIONS
Loan application eligibility
1. The general requirement is that one must have been a member of the Sacco for period of three months for individual members and 6 months for Corporate members.
2. One must fulfill all requirements of a specific loan product.
Whether share capital affects loan eligibility.
A member is required to have the minimum share capital at the time of applying for a loan.
The Sacco reaches out to customers in their places of work/ businesses.
• They can access loans typically for working capital, investment, asset
finance and trade finance.
• Credit appraisal of the group is done to determine the purpose and ability to repay.
• Loan security – Group guarantees, savings, collateral e.g., title, MV
logbook etc.
• They can also access repeat and larger loans based on repayment
performance.
4. MPAWA INSURANCE
Mpawa Insurance Agency is fully owned by Stima DT Sacco Society Limited. The Agency was licensed under the Insurance Act on 20th May 2019 and offers all classes
of insurance, both life and non-life including medical products. The Agency also offers claim and risk management services both to members and non-members.
5. stima sacco mortgage facilities
YOU CAN NOW BUY YOUR residential house or purchase land for construction at competitive rates.
KMRC MORTGAGE
This is a mortgage loan product under the Kenya Mortgage Refinance Company (KMRC) refinancing program. The KMRC Mortgage loan will enable Stima Sacco Members to buy a residential house or purchase land for construction at competitive rates
Security for the property is the title for the property being bought or under construction. An additional tangible security may be required where the property is not sufficient to cover the loan.
Product Benefits
• Enable members access funds at competitive rates.
• Flexible security requirements
The mortgage facility is available to
1. Individuals in permanent employment or on contract.
2. Individuals in Business or those who have rental income.
EMPLOYMENT OR ON CONTRACT
THOSE WHO HAVE RENTAL INCOME
Eligibility
• Must be a member of Stima Sacco.
• Must be salaried.
• Must have made uninterrupted 6 months regular contributions prior to application date.
• Must have ability to pay. (Loan repayment not exceeding 2/3 of their basic pay)
• Within the retirement age
• Applicant should have been in work/employment for at least 12 months and in current employment for at least 6 months.
• First time homeowners only
Product Feature
• Interest rate: 9%
• Method of calculation: Reducing Balance.
• Loan insurance fund and seed loan: 1.5%
• No bridging of other loans.
•Disbursement can be done in tranches for a maximum period of 6 months for construction loans.
• No grace periods.
• Loan Tenor: Up to 25 Years (Subject to remaining contract period).
• Mode of Repayment:
• Check off.
• Direct Debit- Frequency of repayment: Monthly.
• Mode of Loan Disbursement: Direct credit to Prime Account.
• Loan Amount: max. Kes 10.5 Million.
• Deposit. Minimum alpha deposits of Kes 200,000/= and minimum shares of Kes 25,000/=
• Contractual monthly deposit: Kes 1,000/=
• Property insurance cover- To be done annually by M-Pawa Insurance Agency.
Apply for a KMRC Mortgage
Fill in the details below and one of our representatives will get back to you
MAKAAZI POA
The Makaazi Poa is a Micro Mortgage loan product that is dependent on the purpose and duration as follows.
|
SUBCATEGORY
|
LAND PURCHASE
|
WHOLE HOUSE CONSTRUCTION/ PURCHASE -1
|
WHOLE HOUSE CONSTRUCTION/ PURCHASE -2
|
HOME IMPROVEMENT
|
|---|---|---|---|---|
|
AMOUNT RANGE (Ksh)
|
Upto 10,000,000
|
Upto 4,000,000
|
4,000,001- 15,000,000
|
Upto 500,000
|
|
PURPOSE
|
Land Acquisition
|
WHOLE HOUSE CONSTRUCTION/ PURCHASE
|
Home Improvement
|
|
|
INTEREST RATE % (Reducing Balance)
|
12.95%
|
14%
|
14%
|
14%
|
|
PROCESSING FEE
|
0.75% Plus excise duty
|
0.75% Plus excise duty
|
0.75% Plus excise duty
|
0.75% Plus excise duty
|
|
INSURANCE FUND
|
0.75%
|
0.75%
|
0.75%
|
0.75%
|
|
REPAYMENT PERIOD
|
84 Months
|
60-120 Months
|
144 Months
|
24 Months
|
|
LEVERAGING ON DEPOSIT
|
*10
|
*5
|
*5
|
*5
|
6. Shariah Compliant products
Yasar Finance
YASAR MEMBERSHIP
Yasar Membership (Shariah Compliant) is open to all Kenyans 18 years and above who reside both locally and in the diaspora. Eligible members are required to:
- Complete Shariah membership application form
- Attach Copy of National Identity card/ valid East African/ Kenyan Passport,
- Recent colored passport Photo,
- Copy of KRA PIN Certificate.
Payments include; Registration Fee- 500/-; Minimum Yasar Share capital 25,000/-; and Minimum monthly Yasar Mudarabah alpha deposit contribution 1,000/- Kenya shillings.
Financing eligibility after 3 months.
SAVINGS PRODUCTS
Islamic Principles
Musharakah Sukuk
Account Features
1. The nominal value of each share shall be Kshs.500/= and every member shall hold at least one share in the Society
2. The current Minimum amount is Kshs 25,000/- for an individual member
3. Shares can be transferred to another member
4. Share transfer fee paid by the buyer
5. Profits paid according to the Shariah compliant business
Documentation
1.Membership Application Form
2.Sukuk Certificate
FINANCE PRODUCTS
This will enable our members access facility to purchase tangible items such as: Auto Finance (includes Motor Vehicles Accessories and Spare parts) Plot Finance, Personal Finance for various assets, Stock/ Working Capital Finance, Asset Finance, Building materials, Farm equipment & inputs among other tangible assets. Facility shall be given to individuals who have been members of the Sacco for at least three (3) months. The Sacco shall include its mark-up on the facility based on the CBR rate plus a margin of 4.0%.
KYC documents
• Copy of ID and PIN
• Financing agreement application form
• Master murabaha financing agreement
• Agency agreement
• Purchase requisition
• Confirmation of goods purchased
• Offer to purchase
• Sacco’s acceptance
Product Features
• Maximum period of 60 months.
• 100% financing.
• Pricing- 13.5% Profit margin (Contract T&C applies)
• All acceptable securities – (Guarantors and assets)
• Up to 4 times Yasar Investment.
• Subject to ability to repay.
Letter of offer
• Proof of income sources- employment/ business.
7. DIASPORA SERVICES
Stima DT Sacco diaspora banking assures Kenyans residing outside the country a haven for savings, access to affordable credit with impressive dividends return. Affordable, safe money transfer options with easy access to monitoring of accounts online.
8. Deposit Money in your Account Via M-pesa.
Go to Mpesa Menu on your Safaricom line
Enter business no – 0240240
• For shares Capital, Enter account no 800xxxxxxx00/800xxxxxxx01
• For Prime a/c Enter account no 801xxxxxxx00/801xxxxxxx01
• For Registration a/c Enter account no 809xxxxxxx00/809xxxxxxx01
Where xxxxxxx is your Member number (7 digits).
Enter the amount you wish to pay
9. Deposit Money in your Account Via M-Stima
The Stima SACCO Mobile Banking app for Kenya’s Stima SACCO customers. It is your Mobile Wallet for all your banking and financial needs. Stima SACCO Mobile Banking app provides an easy, secure, anytime and anywhere banking way to: -access your account, send money, withdraw cash, transfer money and buy airtime -access to M-Pawa unsecured instant loan -a channel to repay all your SACCO loans -access channel to view all your bank statements and your mobile loan viability The M-Pawa app… allowing you to be in charge of your money.
How to Register for M-Stima Service
Follow the on-screen prompts under self registration to register -Provide required information
How to Register for M-Stima Service
Instant VISA ATM
Stima Sacco Prime account holders can access branded Visa ATM cards commonly known as Sacco Link Card. This allows our members to access their funds any time through the Cooperative bank ATM, Co-op Kwa Jirani, and any Visa branded ATM’s. The card is also accepted in the VISA Electron branded.
AGENCY FINANCE
Stima Mlangoni Agency BANKING
Agency Banking is the provision of financial services to customers by a third party (agent) on behalf of a licensed deposit taking financial institution and/or mobile money operator (principal) through Point-of-Sale Terminals (POS)
Agency Banking Services
- Cash-In (Deposits)
- Cash-Out (Withdrawals)
- Balance Enquiry
Agency Banking Locations
Stima DT Sacco’s Contacts
PRODUCTS’ LIST