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Mushembi Road, Parklands, Nairobi, Kenya 254 703 024 000 customercare@stima-sacco.com
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    Financial Freedom within reach

    Affordable loans, Amazing Savings Products and Excellent Customer Service
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    Join Us Today

    Save for your Education, Wedding, Vacation and Much more with our Twiga and other Savings Accounts.
    Come and lets grow together.

    Convenience on your palm with

    Our Mobile Banking Platform M-PAWA

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    Get a loan upto 5 times your Deposits!

    Access to Mobile and Online Loans.

    Other Credit products include, Development Loans, Biashara Loans
    Asset Financing, Mortgage etc..

    Register With Us Today, Empowering you for Life

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Our Channels

  • ATM

    You can withdraw money and check balance in any cooperative Bank ATM and all Visa card ATMs country wide.

  • MOBILE BANKING

    Dial *489#, or Install the M-pawa App from google play store for withdrawals, Deposits, Statement Requests, Mobile Loans, Inter Account Transfers, etc.

  • Web Portal

    Sign Up and Login to the members portal for withdrawals, Deposits, Statement Requests, Mobile Loans, Inter Account Transfers, etc..

  • All Coop Bank Branches

    Visit all cooperative bank branches contry wide for withdrawals, Deposits and placing of Standing Order.

  • All Family Bank Branches

    Visit all Family bank branches country wide for Deposits and placing of Standing Order..

  • Payroll Managment

    Enjoy prompt payroll services with our Checkoff and Salary Processing system.

  • Stima Sacco Branches

    Visit stima sacco branches in Nairobi CBD, Nairobi Stima Sacco Plaza, Mombasa, Kisumu, Nakuru, Olkaria, Eldoret, Embu and Kawi for withdrwals, Deposits and placing of Standing Order, Membership, Loans, EFT/RTGS and many more.

Membership

Any Kenyan citizen is eligible to join Stima Sacco regardless of his or her area of resident.

INDIVIDUAL MEMBERSHIP

To join the Sacco one needs to;

1). Complete Membership Application Form (click here to download)

2). Attach copy of Kenyan National Identity Card or Valid Kenyan Passport

3). Attach coloured passport size photograph.

JOINT MEMBERSHIP

To join the Sacco one needs to;

1). Complete Membership Application Form (click here to download)

2). Attach copy of Kenyan National Identity Card or Valid Kenyan Passport for both applicants.

3). Attach coloured passport size photograph for both applicants.

GROUP MEMBERSHIP

This includes; Corporate, Chamas, Self-help Groups etc. To join the Sacco one needs to;

1). Complete group membership application form. (click here to download)

2). Attach minutes of the group's meeting resolving to join Stima Sacco.

3). Attach the group's constitution.

4). Attach copies of Identification Cards, Passport and photos of authorised signatories.

5). Attach copy of group's registration certificate.

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Upon successful compeletion of membership registration, 3 manadatory accounts are created; Prime, Alpha Deposit and Share Capital. Transactional/Current Account, Non-withdrawable Savings Account which is also Multiplier Account for loans and Amount of shares available respectively.

SEE MORE DETAILS

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Category Registration (Kshs)* Minimum Monthly Alpha Deposits Contribution(Kshs) Share Capital
Individual 500 1,000 25,000
Joint 500 1,000 25,000
Group 500 5,000 50,000

Vacancies

Stima Savings and Credit Cooperative Society Limited (Stima Sacco) is a leading country-wide, fast growing and licensed DTS (Deposit Taking Sacco) with an Asset Base of Kshs. 30bn, a Loan Book of Kshs23.6bn, and membership of over 115,000 derived from the energy, utilities, education, services, small and micro enterprises (SMEs) among other sectors. Its key priority in the 2016-2020 Strategic Plan is to transform its business model and grow the business through innovative products, unparalleled customer service, aggressive resource mobilization and expanded distribution channels. In order to achieve the planned growth, the Sacco is looking for qualified and competent persons to fill the following vacancies:

Available Opportunities

Click on the job to view requirement details

FIXED DEPOSIT ACCOUNT

Fixed Deposit Rates

latest FDR rates as at Quater 1 2019

Amount (Kshs)

CALL

3MONTHS

6MONTHS

12MONTHS

5000-49999

5.00%

5.00%

5.00%

5.00%

50,000-399,999

5.25%

5.25%

5.25%

5.50%

400,000-999,999

5.50%

5.50%

5.50%

6.00%

1m-2,999,999

5.75%

5.75%

6.00%

6.50%

3m-4,999,999

6.00%

6.00%

6.50%

7.00%

5m-9,999,999

7.00%

6.25%

7.00%

7.50%

10m-24.9m

7.00%

6.50%

7.50%

8.00%

25m-49.9m

7.00%

7.50%

8.00%

8.50%

50m-99.9m

7.00%

8.00%

8.50%

8.75%

100m and above

7.00%

8.50%

8.75%

9.00%

Our Branches

  • Nairobi Branch

    Located at Stima Sacco Plaza Mushembi Road, Parklands in Nairobi Kenya. P.O. Box 75629-00200. Tel: 0703024000 Email: customercare@stima-sacco.com
    13 JUN 2013 Directions
  • Mombasa Branch

    Electricity House, Ground Fllor Nkurma Road. P.O. Box 2593-80100, Mombasa. Tel: 0703024401/2/3/4/5 Email: msafosa@stima-sacco.com
    18 JUN 2013 Directions
  • Eldoret Branch

    Visit Us at Zion Mall, Malaba Road. P.O. Box 7952-30100, Eldoret. Tel: 0703024801/2/3/4/5 Email: eldoretbranch@stima-sacco.com
    02 FEB 2013 Directions
  • Nakuru Branch

    Visit Us at Meems Building, Kenyatta Avenue Nakuru. P.O. Box 4083-20100, Nakuru. Tel: 0703024601/2/3/4/5 Email: nkrbranch@stima-sacco.com
    07 FEB 2013 Directions
  • Olkaria Branch

    Visit Us at Geothermal Complex, Olkaria. P.O. Box 1203-20117, Naivasha. Tel: 0703024701/2/3/4/5 Email: olkariabranch@stima-sacco.com
    16 AUG 2014 Directions
  • Kisumu Branch

    Visit Us at Westend Mall, Ochieng Oneko Road. P.O. Box 2593-80100, Kisumu. Tel: 0703024501/2/3/4/5 Email: kisumubranch@stima-sacco.com
    25 AUG 2014 Directions
  • Nairobi CBD Branch

    Located at Victor House, Kimathi Street in Nairobi Kenya. P.O. Box 75629-00200. Tel: 0703024000 Email: customercare@stima-sacco.com
    13 JUN 2013 Directions
  • KAWI Branch

    Located at Kawi Complex, South C Bellevue |Off Mombasa Road |Off Red Cross Road |0703 024 852/3 Email: kawibranch@stima-sacco.com
    13 JUN 2013 Directions
  • Embu Branch

    Located at Embu Pearl Center im Embu Town. P.O. Box 388-60100. Tel: 0703024000 Email: customercare@stima-sacco.com
    13 JUN 2013 Directions
  • Head Office

    Located at Stima Sacco Plaza Mushembi Road, Parklands in Nairobi Kenya. P.O. Box 75629-00200. Tel: 0703024000 Email: customercare@stima-sacco.com
    13 JUN 2013 Directions

Board of Directors

Mrs. Rebecca Miano

National Chairperson

Rebecca was elected to the Stima Sacco Board on 29th March 2018 and subsequently elected as the Vice Chairperson on 4th April 2018. She was later elected as the Chair of the Board in September 2018.

Osman Kiloh [ICUDE, ADE]

Honorary Secretary

Mr. Khatolwa has served as a delegate at the Institute of Energy and worked under various departments at Kenya Power including HR and administration, finance and distribution. He is a member of the Operations Management Society of Kenya.

FCPA JOHN MUDANY

National Treasurer

John Mudany was elected to the board of Stima Sacco on 24th March 2016 and subsequently elected as national treasurer on 5th April 2016. Mudany is a zealous financial management expert with over 30 years’ extensive experience in business transformation, strategy, marketing, and operational leadership.

Eng. Albert Mugo

Director

Eng. Albert Mugo was elected as a delegate of Stima Plaza KenGen in February 2014 and to the board of Stima Sacco on 11th April 2014. He served as board Vice-Chairman from April 2016 and National Chairman from January 2017 to 4th April 2018. He holds a BSc in Electrical Engineering and an MBA in Strategic Management.

Comm. FCPA Anne Owuor EBS, HSC

Director

Anne Owuor was elected to the Board of Stima Sacco in 2014. Previously she served as Supervisory Chair of the Sacco. She is a Fellow of the Institute of Certified Public Accountants of Kenya (ICPAK), a Certified Internal Auditor (CIA), Certified Risk & Management Assurance (CRMA) and Certified Forensic Investigating Professional (CFIP).

CPA Joyce Awinja

Director

Joyce was elected to the Board of Stima Sacco in 2012 and serves in the Procurement Oversight Committee and Finance, Investment & Credit Committee. She is the Supply Chain Manager at Kenya Power.

Jossylyn Mutua

Director

Jossylyn Mutua is a seasoned marketer, having worked in Kenya Power, before joining the Rural Electrification Authority as a Chief Business Development Officer. She is a Chartered Marketer with the Chartered Institute of Marketers (CIM) as well as a member of the Marketing Society of Kenya (MSK).

Board Supervisory Committee

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Sammy Ndung’u

Chairman, Supervisory Committee

Currently working with the Judiciary of Kenya as a Regional Director of Finance, Sammy worked for KenGen in the finance and commercial department. Previously, he worked for Kenya Power. He is an accomplished professional in financial management and systems accounting with over 24 years of experience. Sammy holds B.com (Hons) Accounting, MBA (finance), SAP (FI), CPA (K), and is a member of ICPAK and the Centre for Corporate Governance.

Eng. Joseph Masibo

Secretary, Supervisory Committee

Joseph Masibo was elected as a delegate and later as a Supervisory Committee member in 2008. He holds a degree in Electrical Engineering from McGill University (Canada) and an MBA (UON) in Strategic Management. He has wide experience in power engineering and management, over 27 years working for Kenya Power, where he rose to Chief Manager before retiring in 2015. He is now actively engaged in real estate development and Sacco matters.

Chief Managers Team

Chris Useki

Chief Executive Officer

Chris was appointed CEO in August 2017. He is a seasoned accountant with over 18 years of experience. He is a member of ICPAK in good standing. He holds an MBA and B.Com (accounting). He is also a Certified Public Accountant of Kenya CPA (K) and a certified Public Secretary (CPS). He graduated from Strathmore Senior Management Leadership Programme in December 2015.

Dr. Gamaliel Hassan

Chief Manager, Business Development

Hassan is a holder of a Ph.D. and MBA in Strategic Management, BA (Economics), CPA (K) and CPS (K) in good standing. He is also an African Development Educator (ADE), a Certified Islamic Finance Executive (CIFE) and an Advanced CIFE both in Accounting and Financial Analysis. Hassan has over 20 years’ work experience, 15 of which have been in senior management. He has expertise in corporate & strategy, customer orientation and commercial awareness as well as communication, research, advocacy and networking. Hassan is a certified Sacco development educator.

Harrison Gitau

Chief Manager Finance & AG Chief Manager Operations

Harrison was confirmed Chief Manager Finance in November 2017. He has worked for Stima Sacco for eight years, serving as Internal Audit Manager, Head of Internal Audit and Head of Risk. Harrison holds a B.Com (accounting) and MSc. (Information Systems Engineering). He is a CPA (K), a Certified Information Systems Auditor (CISA), a Certified Internal Auditor (CIA) and a Certified Enterprise Risk Management (CERM) professional. He is an alumnus of the Strathmore Business School’s Senior Management Leadership programme.

Management Team

Abdulrazaaq Adan

ICT Manager

Japheth Ronoh

Head of Internal Audit

Priscillah Kagori

Credit Manager

Anne Kimani

Operations & Shared Services Manager

Mary Kiema

Customer Service Manager

Beryl Akoth

Ag. Human Resource and Admin Manager

Gregory Kapsowe

Ag. Head of Risk

Mary Mbithi

AG Marketing, Sales &Research Manager

Jack Kulova

Manager, Corporate Communications

Branch Managers

Dr. James Mutura

Branch Manager, Parklands

Ann Mbaabu

Branch Manager, Mombasa

Anna Ayoro

Branch Manager, Kisumu

Christine Atulo

Branch Manager, Nakuru

Milka Bwari Bosire

Branch manager, Olkaria

Shadrack Kibet Ngetich,

Branch Manager, Eldoret

John M. Nyambu

Branch Manager, CBD Branch

Teresia Wairimu Mwangi

Branch Manager, Embu

Charles Mbugua

Branch Manager, Kawi Center

What our members say

Our Savings Accounts

SHARES

This is a portion of member`s equity in the Sacco

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    Account Features

  • • Individuals Kes. 25,000 min.
  • • Groups Kes. 25,000 min.
  • • Corporate Kes. 50,000 min.
  • • Earns Dividends annually
  • • Dividends shall be automatically capitalized for any member holding less than the Minimum Share Capital
  • • Non Refundable (Can only be transferred to an existing member) ALPHA

FIXED DEPOSIT

Investment of funds for a specific period of time

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    Account Features

  • • Individuals Kes. 25,000 min.
    • 1. Call Fixed Deposit
    • Minimum of Kes 5000/-
    • • Attractive interest rate
    • • Can be accessed upon demand without forfeiture of interest
    • 2. Fixed Deposit for 3, 6 and 12 Months deposits
    • • Minimum of Kes. 5000/-
    • • Funds can be fixed either for 3, 6 or 12 months
    • • Attractive interest rates
    • • Forfeiture of interest if withdrawn before maturity
    • • No monthly charges
    • 3. Golden Savings Account
    • • Minimum deposit of Kes 60,000/- for a period of 12 months
    • • Attractive interest rate
    • • Interest paid monthly to Prime account
    • • Funds may be used as loan collateral
    • • Premature withdrawal will lead to forfeiture of interest

ALPHA DEPOSIT

Continuous monthly savings by members

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    Account Features

  • • Individuals Kes. 25,000 min.
    • • Minimum Monthly contributions; Individuals Kes. 1,000- , Groups Kes. 5,000/- , Corporates Kes 10,000/-
    • • Earns interest annually
    • • Interest Rebates shall be automatically capitalized for any member holding less than the Minimum Share Capital
    • • It’s the loans multiplier & allows members to access deposit based loans
    • • Can be contributed through standing order, check off, mobile banking, bank transfer or direct deposit
    • • Can only be accessed upon membership withdrawal

PRIME ACCOUNT

This is a Transactional account like a banks current account.

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    Requirements

    • • Allow salary processing, cheque clearing, loan, External & Internal transfers
    • • No ledger fees or monthly charges · Minimum Kes 500
    • • Amounts above Kes.15,000/- Earns an interest of 2%
    • • Maximum of Kes. 400,000- per day over the counter
    • • Funds access channels includes; SACCO LINK ATMs, Stima Sacco check book and Mobile banking
    • • Statements can be viewed online via the web portal
    • • Dormancy after 6 months

MSINGI BORA ACCOUNT

Saving plan for children to help members accumulate savings for paying school fees

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    Account features

    • Minimum monthly savings of Kes. 500/-
    • • Account minimum balance of Kes.500/-
    • • Contract term between 5 – 18 Years
    • • Projected savings insured against the principle member death and permanent disability
    • • After 3 years member qualifies for a self-guarantee school fees loan of up to 75% of the Msingi bora savings
    • • Interest of 5% p.a. paid at the end of the contract
    • • Premature termination of the contract;
    • • Forfeiting the interest earned and pay 2% early withdrawal charges
    • • Refund all premiums paid to the insurance
    • • Dormancy after 6 months

JUNIOR STAR

Children short term savings

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    Requirements

    • • Minimum monthly savings of kes. 500/-
    • • Minimum account balance Kes 500/-
    • • Withdrawal can be done once after every 4 months
    • • Early withdrawal charges: 500/- for amounts less than 10,000
    • 5% for amounts greater than 10,000/ or capped at 2000/- whichever is lesser
    • Not to be considered when the amount is being utilised to pay off an outstanding loan.
    • Not to be considered when the amount is being transferred internally to any of the members Savings Account with the exemption of Prime Account.
    • • No ledger fees or monthly charges · Minimum monthly balance 500/- · Dormancy after 6 months

TWIGA SAVINGS ACCOUNT

This is a portion of member`s equity in the Sacco

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    Account features

    • • Minimum monthly savings Kes.1000/-
    • • Balance above 6,000/- earn interest of 3% p.a
    • • No monthly charges
    • • First withdrawal can be done after 6 months, after which can be made every 3 months
    • • Early withdrawal charges are as follows; 500/- for amounts less than 10,000.
    • 5% for amounts greater than 10,000/ or capped at 2000/- whichever is lesser.
    • Not to be considered when the amount is being utilised to pay off an outstanding loan.
    • Not to be considered when the amount is being transferred internally to any of the members Savings Account with the exemption of Prime Account.
    • • Minimum monthly balance 500/-
    • • Dormancy after 6 months

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UPCOMING LOAN PRODUCTS

DIVIDENDS LOAN

  • •High Savers Loan (Alpha Deposits of 3M & above)
  • •Self-guaranteed by Fixed or Alpha Deposits
  • • Lien on Dividend Payment until loan is paid off.
  • • Interest to be accrued up to the date of paying dividends.
  • • Interest & Principle sum to be paid as a bullet payment at date of Dividend receipt
  • • Loan issued to be provided at the rate of up to 50% of Dividends issued in the previous year.
  • • In case of no dividends being paid the member must make arrangements to clear facilities.
  • • Maximum loan duration of 1 year.
  • • Interest rate at 2.5% p.m. flat rate

OVERDRAFT FACILITTIES LOAN

  • • At least 1-year Banking period at SS to qualify
  • • Amount based on 100% monthly average account balance (Monthly balance calculated over one year)
  • • Interest rate 5% per month (Flat rate).
  • • Maximum period 90 days.
  • • Salary or business income must be channeled through the branch
  • • Security: guarantors or security (land/Vehicle) as per policy.
  • • If OD is secured by Fixed Deposit, then rate is +3% of FD rate.
  • • Penalty for default: 10% one off.
  • • Communication to members on OD status to Rectify accounts or Convert into loan

TOPAZ LOAN

  • • Members seeking a top up loan to facilitate deposit boosting prior to loan application
  • • 5% flat rate – One off Interests
  • • Maximum duration 1 month
  • • Lien on prime accounts & loan to be issueds.
  • • Only for members in good standing
  • • Check Off Members.

LOAN PRODUCTS

LOng term personal loan PRODUCTS

NORMAL LOAN 1&2

  • Interest rate: 12% for both.
  • Max Loan Amount:3X & 2X members Alpha deposits respectively.
  • Repayment Up to 48 & 60 months
SEE MORE DETAILS

SUPER LOAN

  • Interest rate: 14%
  • Max Loan Amount:4X members Alpha deposits
  • Repayment Up to 60mths
SEE MORE DETAILS

MWANGAZA LOANS 1&2

  • Interest rate: 14% and 18% respectivly
  • Max Loan Amount:3 Million
  • Repayment48 and 60 months respectively
  • Minimum deposit contribution:10000 pm
SEE MORE DETAILS

PREMIUM LOAN

  • Interest rate: 14%
  • Minimum deposit Amount:Ksh 1M
  • Repayment Up to 72mths
SEE MORE DETAILS

VUKA LOAN

  • Interest rate: 16%
  • Max Loan Amount:Kshs 5M
  • Repayment: Up to 72mths
  • Minimum deposit contribution:Kshs.7500
SEE MORE DETAILS

FLEX LOAN 1&2

  • Interest rate: 16% & 18.5% respectively
  • Max Loan Amount:Ksh 1M
  • Repayment: Up tO 24 & 36 months
SEE MORE DETAILS

SOSA LOAN

  • Interest rate: 15%
  • Max Loan Amount:4X members Alpha deposits
  • Repayment Up to 15mths
SEE MORE DETAILS

...

Short term personal loan PRODUCTS

PRIME ADVANCE LOAN

  • Interest rate: 18%
  • Max Loan Amount:Ksh 200,000
  • Repayment Up to 12mths
SEE MORE DETAILS

EMERGENCY SCHOOL FEES LOAN

  • Interest rate: 12%
  • Max Loan Amount:3X members Alpha deposits
  • Repayment Up to 12mths
SEE MORE DETAILS

MSINGI BORA SCHOOL FEES LOAN

  • Interest rate: 10%
  • Max Loan Amount:Up to 75% of Msingi Bora deposits
  • Repayment Up to 12 months
SEE MORE DETAILS

SALARY ADVANCE LOAN

  • Interest rate: 5%pm
  • Max Loan Amount:Kshs 100,000
  • Repayment Up to 1mths
SEE MORE DETAILS

MAKEOVER LOAN

  • Interest rate: 18%
  • Max Loan Amount:3X members Alpha deposits(Kshs 200,000)
  • Repayment Up to 15mths
SEE MORE DETAILS

...

BUSINESS, GROUP & OTHER loan PRODUCTS

WORKING CAPITAL LOAN

  • Interest rate: 16.2%
  • Max Loan Amount:3X members Alpha deposits
  • Repayment Up to 36Mths
SEE MORE DETAILS

ASSET FINANCE SCHOOL LOAN

  • Interest rate: 16.2%
  • Max Loan Amount:3X members Alpha deposits(10M)
  • Repayment Up to 36mths
SEE MORE DETAILS

LPO LOAN

  • Interest rate: 18%
  • Max Loan Amount:3X members Alpha deposits(70% of Quotation value
  • Repayment Not exceeding 90 days
SEE MORE DETAILS

INVOICE DISCOUNTING LOAN

  • Interest rate: 18%
  • Max Loan Amount:3X members Alpha deposits(80% of invoice value)
  • Repayment Not exceeding 90 days
SEE MORE DETAILS

INVESTOR LOAN

  • Interest rate: FDR plus 3%
  • Max Loan Amount:Upto 90% of the fixed deposit
  • Repayment Same as FDR period
SEE MORE DETAILS

PLOT FINANCING LOAN

  • Interest rate: 9.6%
  • Max Loan Amount:3X members Alpha deposits
  • Repayment Upto 24 months
SEE MORE DETAILS

MAKAZI POA LOANS

  • Interest rate: 16-18%
  • Max Loan Amount:7.5M
  • Repayment Upto 18-144 months
SEE MORE DETAILS

MPAWA LOAN

  • Interest rate: 4-7%
  • Max Loan Amount:Kshs 200,000
  • Repayment Upto 6 months
SEE MORE DETAILS

FAHARI LOAN

  • Interest rate: 15%
  • Max Loan Amount:3X members Alpha deposits
  • Repayment Upto 36 months
SEE MORE DETAILS

Our Loan Products

NORMAL LOAN

Eligibility

Must be salaried with uninterrupted 3 months regular contributions prior to application date. Must have ability to pay with Loan repayment not exceeding 2/3 of their basic pay.

PRODUCT REQUIREMENTS

    Product Features

      • Interest rate: 12%
      • Reducing Balance
      • Loan Insurance & appraisal of 1.5%
      • Loan transfer fee of Kshs 200/=
      • Penalty: NIL
      • Repayment Up to 48mths (Subject to remaining contract period) Max 60months
    (If borrowing 2X Alpha Deposits)
      • Loan Disbursed directly to prime account
      • Repayment mode through Check off and Internal Standing order.
      • Loan Amount: 3X members Alpha deposits

    Guarantors/Collateral

      • Less than 2 Million: Minimum 4 guarantors, Above 2 Million: Minimum 6 guarantors. (Aggregate of Alpha deposits covering loan amount).
      • Self-guaranteed loans max of 90% of Alpha deposits
      • Guarantors must be active members.
      •Borrower may use other collateral as an alternative to guarantors.

    Appraisal Requirements

      • Favorable references from employer, CRB
      • Copy of valid ID, KRA PIN
      • Photographs of collateral ( where applicable)
Apply Now

SUPER LOAN

Eligibility

Must be salaried with uninterrupted 3 months regular contributions prior to application date. Must have ability to pay with Loan repayment not exceeding 2/3 of their basic pay.

PRODUCT REQUIREMENTS

    Product Features

      • Interest rate: 14%
      • Reducing Balance
      • Loan Insurance & appraisal of 1.5%
      • Loan transfer fee of Kshs 200/=
      • Penalty: NIL
      • Repayment Up 60months
      • Loan Disbursed directly to prime account
      • Repayment mode through Check off and Internal Standing order.
      • Loan Amount: 4X members Alpha deposits

    Guarantors/Collateral

      • Less than 2 Million: Minimum 4 guarantors, Above 2 Million: Minimum 6 guarantors. (Aggregate of Alpha deposits covering loan amount).
      • Self-guaranteed loans max of 90% of Alpha deposits
      • Guarantors must be active members.
      •Borrower may use other collateral as an alternative to guarantors.

    Appraisal Requirements

      • Favorable references from employer, CRB
      • Copy of valid ID, KRA PIN
      • Photographs of collateral ( where applicable)
Apply Now

MWANGAZA LOAN

Eligibility

Must be salaried with uninterrupted 3 months regular contributions prior to application date. Must have ability to pay with Loan repayment not exceeding 2/3 of their basic pay.

PRODUCT REQUIREMENTS

    Product Features

      • Interest rate: 14%
      • Reducing Balance
      • Loan Insurance & appraisal of 1.5%
      • Loan transfer fee of Kshs 200/=
      • Penalty: NIL
      • Repayment Up to 48mths (Subject to remaining contract period) Max 60months
    (If borrowing 2X Alpha Deposits)
      • Loan Disbursed directly to prime account
      • Repayment mode through Check off only.
      • Loan Amount: max 2.5 Million

    Guarantors/Collateral

      • Less than 2 Million: Minimum 4 guarantors, Above 2 Million: Minimum 6 guarantors. (Aggregate of Alpha deposits covering loan amount).
      • Self-guaranteed loans max of 90% of Alpha deposits
      • Guarantors must be active members.
      •Borrower may use other collateral as an alternative to guarantors.

    Appraisal Requirements

      • Favorable references from employer, CRB
      • Copy of valid ID, KRA PIN
      • Photographs of collateral ( where applicable)
    Apply Now

FOSA FLEX LOAN

Eligibility

Must be salaried with uninterrupted 3 months regular contributions prior to application date. Must have ability to pay with Loan repayment not exceeding 2/3 of their basic pay.

PRODUCT REQUIREMENTS

    Product Features

      • Interest rate: 16%
      • Reducing Balance
      • Loan Insurance & appraisal of 1.5%
      • Loan transfer fee of Kshs 200/=
      • Penalty: NIL
      • Repayment Up to 24mths (Subject to remaining contract period) Max 60months
    (If borrowing 2X Alpha Deposits)
      • Loan Disbursed directly to prime account
      • Repayment mode through Check off and Internal Standing order.
      • Loan Amount: Max 1.0 Million

    Guarantors/Collateral

      • Minimum 4 guarantors, (Aggregate of Alpha deposits covering loan amount).
      • Self-guaranteed loans max of 90% of Alpha deposits
      • Guarantors must be active members.
      •Borrower may use other collateral as an alternative to guarantors.

    Appraisal Requirements

      • Favorable references from employer, CRB
      • Copy of valid ID, KRA PIN
      • Photographs of collateral ( where applicable)
Apply Now

PREMIUM LOAN

Eligibility

Must be salaried with uninterrupted 3 months regular contributions prior to application date. Must have ability to pay with Loan repayment not exceeding 2/3 of their basic pay.

PRODUCT REQUIREMENTS

    Product Features

      • Interest rate: 14%
      • Minimum alpha deposit of Kes.1,000,000
      • Loan Insurance & appraisal of 1.5%
      • Loan transfer fee of Kshs 200/=
      • Penalty: NIL
      • Repayment Up to 72mths (Subject to remaining contract period)
      • Loan Disbursed directly to prime account
      • Repayment mode through Check off and Internal Standing order.
      • Loan Amount: 4X members Alpha deposits

    Guarantors/Collateral

      • Less than 2 Million: Minimum 4 guarantors, Above 2 Million: Minimum 6 guarantors. (Aggregate of Alpha deposits covering loan amount).
      • Self-guaranteed loans max of 90% of Alpha deposits
      • Guarantors must be active members.
      •Borrower may use other collateral as an alternative to guarantors.

    Appraisal Requirements

      • Favorable references from employer, CRB
      • Copy of valid ID, KRA PIN
      • Photographs of collateral ( where applicable)
Apply Now

FAHARI LOAN

Eligibility

Must have a group registration, group constitution and minutes of group meeting resolving to take a loan from Stima Sacco.

PRODUCT REQUIREMENTS

    Product Features

      • Interest rate: 15% p.a
      • Method of calculation:Reducing balance
      • Loan applicaton & insuarance:1.5% Confirm
      • Loan term: 36 months
      • Mode of repayement:Internal standing order
      • Repayment is done monthly
      • Loan Disbursed directly to prime account
      • Loan Amount:3X members Alpha deposits

    Guarantors/Collateral

      • Guarantors.
      • Motor vehicles
      • Debunture.
      • Title deeds.
      • Others(specify).

    Appraisal Requirements

      • Borrower must meet Elligibility criteria.
Apply Now

DIVIDENDS DISCOUNTING LOAN

Eligibility

Active Member.

PRODUCT REQUIREMENTS

    Product Features

      • Loan pricing: 0.5% of dividends discounted to be capitalized.
      • Maximum 5 months
      • Amount: Upto 50% of the proposed

    Guarantors/Collateral

      • Less than 2 Million: Minimum 4 guarantors, Above 2 Million: Minimum 6 guarantors. (Aggregate of Alpha deposits covering loan amount).
      • Self-guaranteed loans max of 90% of Alpha deposits
      • Guarantors must be active members.

    Appraisal Requirements

      • Favorable references from employer, CRB
      • Copy of valid ID, KRA PIN
      • Photographs of collateral ( where applicable)
Apply Now

MPAWA LOAN

Eligibility

Active Member.

PRODUCT REQUIREMENTS

    Product Features

      • Loan pricing:Interest rate between 4% and 7% depending with period of method of calculation.
      • Loan Insurance & appraisal of 1.5%
      • Loan term: Loan 1 upto 6 months.
      • Repayment is done monthly.
      • Loan Disbursed directly to prime account
      • Loan Amount: Maximum 120,000

    Guarantors/Collateral

      • Term deposits.

    Appraisal Requirements

      • Borrower must meet Eligibility & Scoring Criteria.
Apply Now

PLOT FINANCING LOAN

Eligibility

Ability to pay.

PRODUCT REQUIREMENTS

    Product Features

      • Loan pricing: Interest rate 9.6% flat rate
      • Method of calculation: Flat
      • Loan Insurance & appraisal of 1.5%
      • Loan transfer fee of Kshs 200/=
      • Penalty: NIL
      • Loan Tenor: 24 months
      • Loan Disbursed directly to vendor's account.
      • Repayment mode through Check off and Internal Standing order.
      • Frequency of payment: Monthly

    Guarantors/Collateral

      • Corporate guarantee fron Stima Investments.

    Appraisal Requirements

      • Favorable references from employer, CRB
      • Copy of valid ID, KRA PIN
      • Photographs of collateral ( where applicable)
      • Borrower must meet Eligibility Criteria.
      • History of previous borrowing.
      • Asses current level exposure.
Apply Now

MAKEOVER LOAN

Eligibility

Must be: salaried, have complete probation, have made an uninterrupted 3 months regular contributions prior to application date, have ability to pay and paymentcan only be done after delivery of items from authorized vendors.

PRODUCT REQUIREMENTS

    Product Features

      • Interest rate: 1.5% pm (18% pa)
      • Method of calculation: Reducing balance.
      • Loan Insurance & appraisal of 1.5%
      • Loan transfer fee of Kshs 200/=
      • Penalty: NIL
      • Loan Tenor: Upto 15 months.
      • Loan Disbursed directly to authorized vendor account(signed deal).
      • Repayment mode through Check off and Internal Standing order(for non check off).
      • Loan Amount: 3X members Alpha deposits(subject to value of item max Kshs 120,000/-).
      • Frequency of payment: Monthly.

    Guarantors/Collateral

      • Minimum 2 guarantors, subject to aggregate of Alpha deposits covering loan amount.
      • Self-guaranteed loans max of 90% of Alpha deposits
      • Guarantors must be active members.

    Appraisal Requirements

      • Favorable references from employer, CRB
      • Borrower must meet Eligibility Criteria
      • Performer invoice.
Apply Now

ASSET FINANCE SCHOOL LOAN

Eligibility

For individuals: Kenyan citizenship required & age 18yrs and above. General: Period of account opertion 6 months, Account type active: Active Prime, must have operated business for atleast 6 months and business location must have been permanent for a period of 1 year.

PRODUCT REQUIREMENTS

    Product Features

      • Interest rate: 1.35%(16.2%pm)
      • Method of calculation: Reducing balance.
      • Loan application fee: 1.5% of amounts less than 5M to be covered.
      • Amounts greater than 5M specific cover insuarance to take effect.
      • Loan Term: 36 months
      • Repayment done termly.
      • Loan Disbursed directly credit to vendor account.
      • Repayment mode through Internal Standing order.
      • Loan Amount: 3X Alpha deposits
      • Maximum loan amount: Ksh 10,000,000/-
        • Contractual monthly deposit: for loans upto 5M

    Guarantors/Collateral

      • Minimum 4 guarantors for loans below 2M
      • Minimum 6 guarantors for loans above 2M
      • Guarantors must be active members.
      • Loans above 5M will require a tangible collateral.
      • Self guaranted loans maximum of 90% of alpha deposits.

    Appraisal Requirements

      • Borrower must meet Eligibility Criteria.
Apply Now

VUKA LOAN

Eligibility

Must be salaried with proper check off arrangement with Stima DT Sacco and salary must be channeled through Stima DT Sacco at least once.

PRODUCT REQUIREMENTS

    Product Features

      • Interest rate: 16%pa(1.33%pm)
      • Method of calculation: Reducing balance.
      • Loan insuarance & processing fees: 1.5% .
      • Amounts greater than 5M specific cover insuarance to take effect.
      • Loan Term: 72 months
      • Repayment done monthly.
      • Loan Disbursed directly credit to prime account.
      • Repayment mode through Check off.
      • Loan Amount: 5X Alpha deposits
      • Maximum loan amount: Ksh 5M
      • Contractual monthly deposit:1% of loan approved or Kshs 7,500/-, whichever is lower.

    Guarantors/Collateral

      • Minimum 6 subject to aggregate of alpha deposits covering the loan amount.
      • Guarantors must be active members and in good standing.
      • Loans above 5M will require a tangible collateral.
      • Self guaranted loans maximum of 90% of alpha deposits.

    Appraisal Requirements

      • Borrower must meet Eligibility Criteria.
      • Favorable references from employer, CRB.
      • Copy of valid ID, PIN
        • Existing loan statement
          • Photographs of collateral
            • History of Previous borrowing
              • Assess current level of exposure
Apply Now

SOSA LOAN

Eligibility

Must be salaried and must have completed probation. Must have made uninterrupted 3 months regular contributions prior to application date. Must have ability to pay. (Loan repayment not exceeding 2/3 of their basic pay) .

PRODUCT REQUIREMENTS

    Product Features

      • Interest rate: 15%pa(1.25%pm)
      • Method of calculation: Reducing balance.
      • Loan insuarance & processing fees: 1.5% .
      • Loan Term: 15 months(subject to remaining contract period)
      • Repayment done monthly.
      • Loan Disbursed directly credit to prime account.
      • Repayment mode through Check off and internal standing order.
      • Loan Amount: 4X Alpha deposits

    Guarantors/Collateral

      • Minimum 4 guarantors.
      • Guarantors must be active members.
      • Self guaranted loans maximum of 90% of alpha deposits.

    Appraisal Requirements

      • Borrower must meet Eligibility Criteria.
      • Favorable references from employer, CRB.
      • Copy of valid ID, PIN
      • Photographs of collateral where applicable.
      • History of Previous borrowing.
      • Assess current level of exposure.
Apply Now

PRIME ADVANCE LOAN

Eligibility

Ability to pay. Must be salaried or receiving pension through Stima DT Sacco

PRODUCT REQUIREMENTS

    Product Features

      • Loan pricing: Interest rate 18% pa.
      • Method of calculation: Reducing balance.
      • Loan Insurance & processing fee 1.5% plus 110
      • Penalty: NIL
      • Loan Tenor: 12 months
      • Loan Disbursed direct credit to prime account.
      • Repayment mode through direct debit to prime account.
      • Loan amount: Kshs 200,000

    Guarantors/Collateral

      • Minimum 2 guarantors.

    Appraisal Requirements

      • Borrower must meet Eligibility Criteria.
      • History of previous borrowing.
Apply Now

EMERGENCY SCHOOL FEES LOAN

Eligibility

Must be salaried and have completed probation. Proof the purpose for the fund is to pay school fees. Must have made uninterrupted 3 months regular contributions prior to application date. Must have ability to pay. (Loan repayment not exceeding 2/3 of their basic pay)

PRODUCT REQUIREMENTS

    Product Features

      • Loan pricing: Interest rate 12% pa(1%pm).
      • Method of calculation: Flat rate.
      • Loan Insurance & processing fee 1.5% plus 110
      • Penalty: NIL
      • Loan Tenor: Upto 12 months
      • Loan Disbursed direct credit to prime account.
      • Repayment mode through Check-off and Internal Standing order ( For non-check off) .
      • Loan amount: 3X members Alpha deposits for Normal Loan holders. Maximum of 3 emergency/School fees loans at any time (Ratio 1:2)
      • Frequency of repayment: Monthly

    Guarantors/Collateral

      • Minimum 4 guarantors, subject to aggregate of Alpha deposits covering loan amount .
      • Self-guaranteed loans max of 90% of Alpha deposits
      • Guarantors must be active members

    Appraisal Requirements

      • Borrower must meet Eligibility Criteria.
      • History of previous borrowing.
      • Copy of valid ID, PIN
      • Favorable references from employer, CRB
      • Photographs of collateral where applicable
      • Assess current level of exposure
      • Others
Apply Now

MSINGI BORA FEES LOAN

Eligibility

Monthly contribution should be up to date. Must have completed probation. Must have made uninterrupted 3 months regular contributions prior to application date (exempt matured accounts). Must have ability to pay. (Loan repayment not exceeding 2/3 of their basic pay). Must have saved for a period of at least 3years with all installments fully paid & current.

PRODUCT REQUIREMENTS

    Product Features

      • Loan pricing: Interest rate 10% pa(0.833%pm).
      • Method of calculation: Flat rate.
      • Loan Insurance & processing fee 1.5% plus 110
      • Penalty: NIL
      • Loan Tenor: Upto 12 months (Subject to remaining contract period)
      • Loan Disbursed direct payment to school.
      • Repayment mode through Check-off and Internal Standing order ( For non-check off) .
      • Loan amount: Up to 75% of Msingi bora deposits
      • Frequency of repayment: Monthly

    Appraisal Requirements

      • Borrower must meet Eligibility Criteria.
      • History of previous borrowing.
      • Copy of valid ID, PIN
      • Favorable references from employer, CRB
      • Photographs of collateral where applicable
      • Assess current level of exposure
      • Others
Apply Now

SALARY ADVANCE LOAN

Eligibility

Must be salaried or receiving pension benefits through Stima DT Sacco. For employees: Must have made uninterrupted 3 months regular contributions prior to application date and must have ability to pay.

PRODUCT REQUIREMENTS

    Product Features

      • Loan pricing: Interest rate 5%pm.
      • Method of calculation: Flat rate.
      • Loan Insurance & processing fee 1.5% plus 110-500 mimimum.
      • Penalty: NIL
      • Loan Tenor: Upto 1 month
      • Loan Disbursed direct credit to prime account.
      • Repayment mode through direct debit to prime account .
      • Loan amount: 50% of net pay credited into prime account (Max Kshs 100,000)

    Appraisal Requirements

      • Borrower must meet Eligibility Criteria.
      • History of previous borrowing.
Apply Now

WORKING CAPITAL LOAN

Eligibility

Must be salaried and have completed probation. Proof the purpose for the fund is to pay school fees. Must have made uninterrupted 3 months regular contributions prior to application date. Must have ability to pay. (Loan repayment not exceeding 2/3 of their basic pay)

PRODUCT REQUIREMENTS

    Product Features

      • Loan pricing: Interest rate 16.2% pa(1.35%pm). For loans Amounts above 5m specific insurance cover will be required for Small & Medium Enterprises, Corporates and groups.
      • Aggregate exposure: All loans outstanding must be within 3X of member’s Alpha deposits.
      • Method of calculation: Reducing balance.
      • Loan applicaton fee 1.5% plus 200/-
      • Contractual monthly deposit: 1% of loan approved or Kshs 5,000/-; whichever is lower.
      • Loan Tenor: Upto 36 months
      • Loan Disbursed direct credit to prime account.
      • Repayment mode through Internal Standing order .
      • Loan amount: 3X members non - withdraw able deposits.
      • Frequency of repayment: Termly.

    Guarantors/Collateral

      • Maximum 4 guarantors, below 2M.
      • Self-guaranteed loans max of 90% of Alpha deposits
      • Guarantors must be active members
      • Loans above 2M will require a tangible collateral.
      • Tangible collateral more preferred.

    Appraisal Requirements

      • Borrower must meet Eligibility Criteria.
      • History of previous borrowing.
      • Copy of valid ID, PIN and council rates/Licences.
      • Favorable references from independent business and home neighbors (Suppliers / Customers)
      • Photographs of collateral.
      • Assess current level of exposure
      • Co-borrower signture.
Apply Now

LPO LOAN

Eligibility

Incorporation: Registered in Kenya. Period of account operation with Stima: 6 months. Account Type: Active Prime. Must have operated business for at least 2 year(s). Business location: Permanent location for a period of 1 year(s). Others (specify)

PRODUCT REQUIREMENTS

    Product Features

      • Loan pricing: Interest rate 18% pa(1.5%pm).
      • Method of calculation: Flat rate.
      • Loan Insurance & processing fee 3.0% plus 200
      • Loan Tenor: As per LPO specifications (Not exceeding 90 days)
      • Loan Disbursed direct credit to prime account.
      • Repayment mode through direct debit to prime account.
      • Loan amount: 3X members Alpha deposits. 70% of quotation value.
      • Frequency of repayment: Quarterly

    Guarantors/Collateral

      • Minimum 4 guarantors, for loans below 1M .
      • Loans above 1M will require tangible collateral.
      • Guarantors must be active members
      • Self-guaranteed loans max of 90% of Alpha deposits

    Appraisal Requirements

      • Borrower must meet Eligibility Criteria.
      • History of previous borrowing.
      • Copy of valid ID, PIN and Council rates/Licences.
      • Favorable references from independent business and home neighbours(suppliers/customers.
      • Photographs of collateral.
      • Assess current level of exposure
      • Sketch map of business location.
      • Valid LPO.
Apply Now

INVOICE DISCOUNTING LOAN

Eligibility

Incorporation: Registered in Kenya. Period of account operation with Stima: 6 months. Account Type: Active Prime. Must have operated business for at least 2 year(s). Business location: Permanent location for a period of 1 year(s). Others (specify)

PRODUCT REQUIREMENTS

    Product Features

      • Loan pricing: Interest rate 18% pa(1.5%pm).
      • Method of calculation: Flat rate.
      • Loan Insurance & processing fee 3.0% plus 200
      • Loan Tenor: As per invoice specifications (Not exceeding 90 days)
      • Loan Disbursed direct credit to prime account.
      • Repayment mode through direct debit to prime account.
      • Loan amount: 3X members Alpha deposits. 80% of quotation value.
      • Frequency of repayment: Quarterly

    Guarantors/Collateral

      • Minimum 4 guarantors, for loans below 1M .
      • Loans above 1M will require tangible collateral.
      • Guarantors must be active members
      • Self-guaranteed loans max of 90% of Alpha deposits

    Appraisal Requirements

      • Borrower must meet Eligibility Criteria.
      • History of previous borrowing.
      • Copy of valid ID, PIN and Council rates/Licences.
      • Favorable references from independent business and home neighbours(suppliers/customer).
      • Photographs of collateral.
      • Assess current level of exposure
      • Sketch map of business location.
      • Valid invoice.
Apply Now

INVESTOR LOAN

Eligibility

Fixed deposit holders.

PRODUCT REQUIREMENTS

    Product Features

      • Loan pricing: Interest rate FDR plus 3% pa.
      • For loans Amounts above 5m specific insurance cover will be required for Small & Medium Enterprises, Corporates and groups.
      • Loan Insurance & processing fee 1.5% plus 200/-
      • Refinancing : Where 75% of tenure is covered, then member may apply for additional financing.
      • Loan Tenor: Same as FDR period.
      • Loan Disbursed direct to prime account.
      • Repayment mode through Standing order.
      • Loan amount: Up to 90% of Fixed Deposits.
      • Frequency of repayment: Monthly if not will compunded and paid annually.

    Appraisal Requirements

      • Borrower must meet Eligibility Criteria.
Apply Now

QUICK LINK TENDERS

Contact Information

Stima Sacco Plaza Mushembi Road, Parklands in Nairobi Kenya. P.O. Box 75629-00200.

+254 703 024 000

+254 703 024 024

customercare@stima-sacco.com

www.stima-sacco.com.com

Get in touch

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