Overview
Originally founded in 1966 as Kenya Canners Sacco by employees of Del Monte (K) Limited, Azima Sacco Society Limited was re-registered on April 13, 1987, under the Co-operative Societies Act (Cap 490). Based in Thika, the Sacco has grown to serve 10,344 members through its Back Office Service Activity (BOSA) and Front Office Service Activity (FOSA) operations. In 2016, Azima Sacco opened its membership to the public, expanding its mission to promote financial growth for all. With an asset base supporting its operations, the Sacco maintains branches in Thika and Ol Donyo Sabuk, offering a range of financial services.
Who Can Join?
Azima Sacco welcomes anyone who aligns with its common bond, making membership accessible to a broad audience. While the majority of its members are employees of Del Monte Kenya Limited in Thika, the Sacco’s inclusive policy invites individuals and groups from various sectors to join.
Membership Requirements
To become a member of Azima Sacco, applicants must:
- Complete a membership application form, available on the Sacco’s website, at its headquarters, or at any branch
- Pay a one-time membership fee of KES 600
- Purchase 600 shares at KES 20 each, totaling KES 12,000
- Contribute a minimum monthly deposit of KES 1,000
Membership Benefits
Joining Azima Sacco provides numerous advantages, including:
- Financial education on budgeting, prudent money management, and tracking expenses
- Competitive interest rates on savings and loans, surpassing those of commercial banks
- Access to larger loans based on higher savings contributions
- Increased savings leading to higher dividend payouts
- Strengthened lending capacity for the Sacco through member savings
- A secure financial foundation for a comfortable retirement
- Support for funeral expenses in the event of a member’s passing, easing the burden on families
Financial Products
Azima Sacco offers a diverse portfolio of FOSA and BOSA products to meet members’ financial needs.
FOSA Products and Services
- Ordinary Savings Account: General-purpose savings
- Fixed Deposit: High-yield savings with fixed terms
- Group Savings Account: For chamas or group savings
- Junior Account: Savings for children
- Education Account: Dedicated savings for educational expenses
- Holiday Account: For vacation planning
- Microfinance Account: For small-scale entrepreneurs
- Okoa Mwezi: Short-term financial relief
- Super Loan: Premium loan product
- Salary Advance: Quick credit for salaried members
- Pineapple Loan: Tailored for agricultural needs
- Refinancing: To restructure existing loans
BOSA Products
- Jijenge Loan: For personal or business development
- Jipange Loan: Flexible financing for planning
- Jahazi Loan: General-purpose loan
- Normal Loan: Standard loan product
- Masomo Loan: For educational expenses
- Emergency Loan: For urgent financial needs
Contact Information
For inquiries or to begin your membership journey, contact Azima Sacco:
- Head Office
Location: Azima Plaza Building, Thika Town
Phone: 0714 479 004 - Ol Donyo Sabuk Branch
Contact: 0714 479 004
