Overview
Founded in 1974 through the merger of Limuru Marketing Co-operative Union and Kiambu Dairy Marketing Union, K-Unity Sacco is a leading deposit-taking Savings and Credit Co-operative Society in Kenya. Initially established to support savings and credit for dairy and pyrethrum societies in Kiambu County, it has grown to serve over 100,000 members across Kiambu, Nairobi, Nakuru, and Nyandarua counties, with an asset base exceeding KES 5.72 billion. Headquartered at K-Unity Building on Biashara Street in Kiambu Town, the Sacco offers a wide range of financial products to empower its diverse membership.
Who Can Join?
K-Unity Sacco welcomes members from various sectors, including:
- Farmers
- Business owners
- Active and retired Teachers Service Commission employees
- County and national government workers
- Private sector employees
- Employees of NGOs and other sectors
Membership Requirements
To become a member, applicants must complete the following:
- Application Form: Fill out a membership form, available on the Sacco’s website or at any branch office.
- Membership Fee: Pay a one-time fee of KES 500.
- Documentation: Submit a copy of a National ID, KRA PIN certificate, and passport-size photographs.
Financial Products
K-Unity Sacco offers a comprehensive suite of loan, savings, and insurance products tailored to meet members’ needs.
Loan Products
- Agri Loans
- Kilimo (Unsecured and Secured): For agricultural development.
- Mifugo: For livestock-related needs.
- Kilimo Advance: Quick financing for farming activities.
- Tea Bonus Advance: Advances based on tea bonuses.
- SME Loans
- SME (Unsecured and Secured): Financing for small and medium enterprises.
- Salary Loans
- Salary (Unsecured, Advance, and Secured): Tailored for salaried members.
- Group Loans
- Microfinance Loans: For small-scale group financing.
- Chama Loans: For group-based initiatives.
- Other Loans
- Jijenge Loan: For personal development projects.
- Society Development Loan: For cooperative growth initiatives.
- Asset Finance Loan: For acquiring assets like vehicles or equipment.
- Overdraft Loan: For short-term liquidity needs.
- Trade Financing: To support business operations.
- Insurance Premium Financing: To cover insurance costs.
Savings Products
- Akiba Savings Account: Flexible savings for general use.
- Boresha Account: Goal-oriented savings with attractive returns.
- Jijenge Deposit: Long-term savings for wealth building.
- Shirika Savings Account: For corporate or group savings.
- Watoto Account: Savings for children under 18.
- School Fees Account: Dedicated savings for educational expenses.
- Holiday Savings: For festive or vacation planning.
- Benevolent Fund: For emergency and welfare support.
- Imarisha Savings: High-yield savings option.
- MFI Member Saving: For microfinance group members.
- Chama Saving: For group-based savings.
Diaspora Account
Designed for Kenyans living abroad, requiring:
- Copy of KRA PIN
- Passport-size photo
- Copy of National ID or passport
- Proof of address
Mapa Insurance
- Motor Insurance
- Comprehensive: Full vehicle coverage.
- Third Party: Basic liability coverage.
- Motorcycle Insurance: For two-wheelers.
- Other Insurance Products
- Fire: Property protection against fire damage.
- Burglary: Coverage for theft losses.
- Biashara Salama: Business protection insurance.
- Livestock Insurance: For farm animals.
- Standard and Jilinde Personal Accident: For personal injury coverage.
- Domestic Package: Comprehensive home insurance.
- All Risk: Broad coverage for valuables.
- Work Injury Benefit: Workplace injury compensation.
- Travel Insurance: For travel-related risks.
- Bond Insurance: For financial guarantees.
- Health Insurance: For medical expenses.
Contact Information
For inquiries or to start your membership journey, contact K-Unity Sacco:
Head Office: K-Unity Building, Biashara Street, Kiambu Town
Contact: 0707 424 774
RELATED TOPIC: K-Unity Sacco Branch Network and Contact Details
