Overview
Established on July 4, 1989, and commencing operations on January 1, 1990, Skyline Sacco, formerly Baringo Farmers Savings and Co-operative Society, is a leading deposit-taking Savings and Credit Co-operative Society in Kenya. Regulated by the Sacco Societies Regulatory Authority (SASRA), it expanded its offerings with Front Office Service Activity (FOSA) in 2004 to broaden its services. With over 88,000 members, an asset base of KES 2.55 billion, and 12 branches across Kenya, Skyline Sacco is headquartered at Skyrize Plaza, opposite Kobil Petrol Station in Eldama Ravine, Baringo County.
Who Can Join?
Skyline Sacco welcomes a diverse membership from:
- Dairy farmers
- Coffee farmers
- Pyrethrum farmers
- Business owners
- Salaried employees
- Institutions
- Micro-credit groups in Baringo, Uasin Gishu, Elgeyo Marakwet, and Nakuru counties
Its open membership policy ensures inclusivity for individuals and groups committed to financial growth.
Membership Requirements
To join Skyline Sacco, applicants must:
- Be a registered member of a marketing society in Baringo, Uasin Gishu, Elgeyo Marakwet, or Nakuru counties
- Channel produce through the marketing society or Kenya Co-operative Creameries (KCC)
- Pay a one-time entrance fee of KES 200
- Submit a copy of a KRA PIN certificate
- Provide one passport-size photograph
- Submit a copy of a National ID
- Contribute a minimum of KES 300 per month as deposits
- Maintain consecutive contributions for at least four months to qualify for a loan
Loan eligibility is based on deposits, with the first loan being twice the deposit amount and subsequent loans up to three times the deposits, subject to merit.
Membership Benefits
Joining Skyline Sacco offers:
- Access to a variety of savings and loan products tailored to personal, agricultural, and business needs
- Affordable credit with loan amounts tied to savings contributions
- Participation in a cooperative community with democratic governance
- Convenient financial services through 12 branches and FOSA services
- Opportunities for financial education, literacy training, literacy, and economic empowerment
Cooperative Principles
Skyline Sacco operates under the following cooperative principles:
- Voluntary and Open Membership: Welcoming all individuals, groups, and companies
- Democratic Member Control: Members have equal decision-making power
- Economic Participation: Members contribute to and benefit from the Sacco’s activities Economy:
- Autonomy and Independence: The Sacco maintains self-governance
- Education and Training, and Information: Providing resources for member development
- Co-operation Among Cooperatives: Collaborating with other cooperatives
- Community Concern: Supporting the broader community
Contact Information
For inquiries or to start your membership journey, contact Skyline Sacco:
Head Office: Skyrize Plaza, Opposite Kobil Petrol Station, Eldama Ravine, Baringo County
Phone: +254 717 594 717 / +254 594 705 369 430 / 020 999 840
Email: Not provided; check the Sacco website for details
READ MORE: Skyline Sacco: Branch Network and Financial Products Overview
