Taifa Sacco: Branch Network, Financial Products, and Services

Overview

Founded in January 1974 as the banking section of the Nyeri District Cooperative Union, Taifa Sacco was established to provide banking services to rural farmers in Nyeri who were part of cooperative societies. Initially serving 9,500 members, it grew significantly to 97,500 members by 1998, prompting its separation from the Nyeri District Cooperative Union to enhance efficiency. On January 29, 1998, it was registered as Nyeri Farmers Sacco Society, and on May 30, 2006, it rebranded to Taifa Sacco to reflect its expanded services and broader customer base. With an asset base of KES 4.57 billion, Taifa Sacco is one of Kenya’s leading deposit-taking Savings and Credit Co-operative Societies. Its head office is located at NCU Building on Gakere Road in Nyeri Town.

Financial Products and Services

Taifa Sacco offers a diverse range of Front Office Service Activity (FOSA) and Back Office Service Activity (BOSA) products, along with additional services to meet members’ financial needs.

FOSA Products

• Taifa Junior Account: A savings account for children to foster early financial literacy.
• Eagle’s Biashara Account: Tailored for business owners to manage transactions.
• Institution/Company Account: For corporate entities and organizations.
• Holiday Account: For saving toward vacations or festive seasons.
• Fixed Deposit Account: High-yield savings for investors.
• Maziwa Chap Chap: A transactional account for dairy farmers.
• Insurance Premium Financing: To cover insurance costs.
• Taifa Chama Account: For group savings, such as chamas.
• Mshahara Account: For salaried members to manage earnings.
• Joint Account: For shared savings among multiple members.
• Taifa Biashara Account: For entrepreneurs and small businesses.
• Personal Savings Account: For general individual savings needs.

BOSA Products

• Asset Financing: For purchasing assets like vehicles or equipment.
• Personal Development Loan: For individual growth and projects.
• Mama Malaika Loan: Tailored financing for women.
• Salary Loan: For salaried members’ financial needs.
• School Fees Loan: To cover educational expenses.
• Emergency Loan: For urgent financial requirements.
• Biashara Loan: For business expansion and operations.

Services

• Mobile Banking: Convenient digital access to accounts.
• Cheque Book: For secure transactions.
• ATM Services: For easy cash access.
• Kilimo Text: SMS-based updates for agricultural members.
• Corporate Social Responsibility: Community engagement and support initiatives.

Branch Network and Contacts

Taifa Sacco operates 16 branches across Kenya to ensure accessibility for its members:

1. Head Office
   Location: NCU Building, Gakere Road, Nyeri Town
   Contact: 0733 120 698
2. Nairobi Branch
   Contact: 0733 120 645
3. Karatina Branch
   Location: Karatina Town
   Contact: 0733 120 652
4. Mweiga Branch
   Location: Mweiga Town
   Contact: 0733 120 573
5. Nanyuki Branch
   Contact: 0733 120 376
6. Chaka Branch
   Location: Chaka Town
   Contact: 0733 120 337
7. Kiawara Branch
   Contact: 0733 120 102
8. Nairutia Branch
   Contact: 0733 120 054
9. Kimahuri Branch
   Location: Kimahuri Town
   Contact: 0733 120 648
10. Mukurweini Branch
    Location: Mukurweini Town
    Contact: 0733 120 681
11. Othaya Branch
    Contact: 0731 712 013
12. Naromoru Branch
    Location: Naromoru Town
    Contact: 0733 120 518
13. Ndaragwa Branch
    Location: Ndaragwa Town
    Contact: 0733 120 365
14. Endarasha Branch
    Contact: 0733 120 315
15. Nyahururu Branch
    Contact: 0731 712 011
16. Wiyumiririe Branch
    Contact: 0717 835 543

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