Stima Sacco Members To Receive Ksh 4 Billion In Payout
written by Business Watch Team Kenya’s largest Sacco, and the second-largest in Africa in asset base, Stima Sacco, posted impressive financial results for the financial year 2023 with the number of members moving past 200,000 after rising by 13 percent. Stima Sacco recorded a 21 percent growth in revenue to 8.96 billion shillings for the financial […]
Sacco earns praise for outstanding performance as it marks Golden Jubilee
By Evans Ongwae Stima Deposit-Taking (DT) Savings and Credit Cooperative Society Ltd marks its Golden Jubilee this year. The Sacco earned special praise on March 23, 2024, during its 50th Annual General Meeting (AGM). The Cabinet Secretary, Ministry of Co-operatives and Micro, Small and Medium Enterprises Development, Mr Simon Chelugui, lauded the Sacco for its […]
Here’s a Sacco that will light up your life in many ways
Being a member of Stima (deposit-taking) Savings and Credit Co-operative Society gives you access to a wide range of credit facilities. Should you need individual, enterprise or home ownership loans, you are likely to find a product that suits your desire. You could go for short or long-term loans. It all depends on your needs. […]
County, Stima Sacco Working On Deal Set to Empower Coops and Enterprises
Cooperative societies and MSMEs in Uasin Gishu County are set to benefit from financial literacy and models for savings as soon as the county government through the Department of Trade and Cooperatives signs a partnership deal with Stima Sacco. Trade and Cooperatives Executive, Martha Cheruto, while hosting a delegation from the Stima Sacco on a […]
Here Is A List Of Stima Sacco Branches Across The Country
In a move that’s akin to spreading fairy dust across the nation, Stima Sacco has established branches far and wide. They’ve strategically sprinkled these branches like digital confetti, making sure that no corner of the country is left untouched by their accessibility magic. From the bustling streets of Nairobi to the serene landscapes of Kisii, […]
Dear Investor, Here Are Requirements For Joining Stima Sacco
Saving in Saccos is the best financial decision one can make for many reasons. Unlike other financial institutions, Saccos offer members a way of accessing credit by allowing them to borrow up to three times against their savings. The amount that members contribute every month is used to provide loans to other members. By being […]
Salo Chap Chap
Salo Chap Chap will provide a seamless salary processing solution that aims to ensure members receive their salaries, allowances, and pension payments in a timely and efficient manner. This Service will not only revolutionise how we pay our members’ salaries, but it will also do so in a cost-effective manner. Giving a reprieve to both […]
Stima DT Sacco Affordable Mortgage Scheme
One way of adapting sacco services with members’ needs would include plugging into the Big Four Agenda so that they can offer products and services that help ordinary citizens take advantage of incentives offered by government, say for home ownership through the affordable homes programme. #stimasaccomortgage #property #affordablehousing #construction #homeownership Read more here: https://lnkd.in/dAFBMNDz
What is the difference between Alpha deposits and Share Capital ?
Alpha Deposits are the monthly contributions a member pay towards the Sacco. Individuals require a minimum of Ksh. 1,000 contribution per month; groups ksh. 5,000 and Corporates Ksh. 10,000. This can be used as either security to members loans or guarantee other members. Interest rebate is earned on alpha deposit annually and calculated on pro […]
Stima DT Sacco 4th Annual Delegate Conference
