Fortune Sacco: Branch Network, Products, and Membership Guide

Overview

Founded in 1972 as Kirinyaga District Farmers Sacco Society, Fortune Sacco is a leading deposit-taking Savings and Credit Co-operative Society in Kenya. Initially created to support coffee and tea farmers in Kirinyaga, it has since expanded to serve a diverse membership of over 125,000 across various sectors. With an asset base exceeding KES 5.56 billion, Fortune Sacco ranks among Kenya’s largest Saccos. Its head office is located at Fortune Plaza on Main Street Road in Kerugoya Town, and it operates 15 branches to deliver accessible financial services.

Financial Products

Fortune Sacco offers a range of loan and savings products tailored to meet the needs of individuals, businesses, and groups.

Loan Products

1. Super Golden Loan

• Description: For salaried members seeking long-term financing.
• Features: Repayment up to 96 months.

1. Business Loan

• Description: Supports small and medium enterprises with operational funding.
• Eligibility:
  • Operate a legally licensed business for at least 6 months.
  • Active Fortune Sacco account for 3 months.
• Features: Repayment up to 36 months.

1. Asset Finance

• Description: Enables acquisition of assets like land, vehicles, or machinery.
• Eligibility:
  • Active account with a verifiable income source.
  • Borrower covers 30% of asset value; Sacco finances up to 70%.
  • Asset serves as loan security.

1. Working Capital Loans

• Description: Provides funds for SME operational needs.
• Eligibility:
  • Legally licensed business.
  • Member for at least 3 months.

1. Maziwa Loans

• Description: Short-term credit for dairy farmers.
• Eligibility:
  • Two guarantors with equal or higher production.
  • Member for at least 3 months.

1. Group Enterprise Loans

• Description: Financing for registered groups’ short- and long-term needs.
• Eligibility:
  • Valid group certificate and constitution aligned with Sacco policy.
  • Group banking with Fortune for at least 8 weeks.
  • Minimum of 5 members, co-guaranteeing each other.
  • Members must engage in economic activity.

1. Zidisha Loans

• Description: Loans based on Zidisha share contributions.
• Eligibility:
  • Active account for 3 months.
  • Hold Zidisha shares (loan amount increases with shares).
• Features: 1.12% monthly interest on reducing balance.

1. Fortune E-Cash Loan

• Description: Mobile-based credit for members on the mobile banking platform.
• Features:
  • Instant disbursement, no guarantors.
  • Auto-approved, no branch visit required.
  • Requires Zidisha or back-office savings, clean CRB record.

Savings Products

1. Mwelekeo Business Savings

• Description: For businesses, companies, and institutions.
• Benefits: No withdrawal limits, no ledger fees, access to ATM, E-Cash mobile banking, agency banking, loans, and chequebook.

1. Premium Savings Account

• Description: For daily transactions, including coffee, tea, milk, and salary processing.
• Benefits: Zero opening balance, free deposits, access to loans, ATM, agency banking, E-Cash, and chequebook.

1. Golden Salary Account

• Description: For processing salaries of employed members.

1. Group Savings Account

• Description: Encourages group savings and credit access.
• Benefits: Free deposits via paybill, free standing orders, access to group loans (5 times savings).

1. Maziwa Bora Account

• Description: For dairy farmers to manage milk transactions.

1. Boda Boda Account

• Description: For boda boda operators to save and access financing.
• Features: KES 500 minimum balance, Visa ATM card, mobile banking, free deposits, branch access.

1. Zidisha Savings Account

• Description: For daily transactions and business or salary processing.
• Features:
  • Instant advances, chequebook access, no monthly charges.
  • Visa ATM, E-Cash, free deposits via paybill.
  • 8% annual dividends on Zidisha shares, loans up to 4–6 times shares.

How to Join Fortune Sacco

Membership is open to all Kenyans. Requirements include:

• Copy of National ID
• KES 100 entrance fee
• 10 shares at KES 100 each (total KES 1,000)
• Passport-size photo taken at the branch

Branch Network and Contacts

Fortune Sacco operates 15 branches to serve its members:

1. Head Office
   Location: Fortune Plaza, Main Street Road, Opposite ACK Cathedral, Kerugoya Town
   Contact: 0724 256 957
   Email: [email protected]
2. Sagana Branch
   Contact: 0705 522 730
3. Mwea Branch
   Contact: 0704 478 876
4. Kagio Branch
   Contact: 0795 788 820
5. Kiamutugu Branch
   Contact: 0725 790 110
6. Karumandi Branch
   Contact: 0725 790 178
7. Kianyaga Branch
   Contact: 0725 790 276
8. Kimunye Branch
   Contact: 0725 790 280
9. Kutus Branch
   Contact: 0725 789 787
10. Kagumo Branch
    Contact: 0725 790 188
11. Kibirigwi Branch
    Contact: 0725 790 297
12. Baricho Branch
    Contact: 0725 789 669
13. Kiangai Branch
    Contact: 0725 789 674
14. Makutano Branch
    Location: Mwea Makutano Embu Highway, Near Makutano Main Market
    Contact: 0793 282 203
15. Nairobi Branch
    Location: Ground Floor, Mengengai 2 House, River Road, Nairobi
    Contact: 0793 282 201

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