Daima Sacco Membership: Who Can Join and What You Need
Daima Sacco is one of Kenya’s leading deposit-taking cooperative societies, with a strong financial standing boasting an asset base of KSh 1.65 billion. Established on 16th April 1991 under the Co-operative Societies Act, its primary mission is to enhance members’ economic well-being by promoting savings, investments, and access to credit.
In 2010, the Sacco expanded its services by introducing Front Office Services Activity (FOSA), broadening its reach beyond tea farmers and rebranding from Mungania Tea Growers Sacco to Daima Sacco. Today, it operates under the Co-operative Societies Act 2004, Sacco Societies Act 2008, and Sacco Societies Regulations 2010, ensuring compliance and transparency in its operations.
Who Can Join Daima Sacco?
While the Sacco initially catered to tea farmers paid through KTDA, membership is now open to the general public, including individuals, businesses, institutions, and even minors through junior accounts.
Daima Sacco Membership Requirements
1. Individual Membership
- Must be 18 years or older.
- Provide a photocopy of your national ID.
- Submit a passport-sized photo.
- Deposit a minimum opening balance of KSh 400.
2. Business Account
- Must be a registered business.
- Maintain a minimum balance of KSh 400.
- Allows multiple daily withdrawals.
- Eligible for business loans.
- Must have been operational for at least six months.
- Account statements available upon request.
3. Institutional/Company Account
- ID copies of directors/officials.
- Passport-sized photos of directors/officials.
- Certificate of incorporation.
- KRA PIN certificate.
- Articles of association.
- Valid tax compliance certificate.
- Current county trade license.
- Board resolution authorizing account opening.
4. Junior Account (For Minors)
- Parent/guardian’s ID copy.
- Child’s birth certificate or birth notification.
- Passport-sized photos of both parent and child.
How to Contact Daima Sacco
Head Office Location:
Manyatta Market, Embu Town
Phone: 0758 362 003
