Overview
Established on April 24, 1969, Shirika DT Sacco initially served employees of the Ministry of Co-operative Development. Over the years, it has expanded to include members from various organizations, growing to nearly 8,000 members with deposits exceeding KES 3.50 billion. As a deposit-taking Savings and Credit Co-operative Society, Shirika DT Sacco offers a wide range of financial products to support its members’ personal and professional goals. Its head office is located at Kipande Road-Ngara Junction in Nairobi.
Who Can Join?
Shirika DT Sacco welcomes a diverse membership, including:
- Employees of various government ministries
- Staff from reputable organizations
- Teachers
- Self-employed individuals
- Self-help groups
- Co-operative bodies
- Retirees
Membership Requirements
To become a member, applicants must:
- Complete a membership application form, available for download on the Sacco’s website or at its offices
- Pay a non-refundable registration fee of KES 1,000
- Make an initial deposit, including a KES 300 contribution to the risk fund (mandatory for all members)
- Submit a copy of a National ID
- Provide a copy of a current payslip (if applicable)
- Include a passport-size photograph
Membership Benefits
Joining Shirika DT Sacco offers numerous financial advantages, including:
- High dividends from substantial savings, distributed annually in February
- Attractive interest rates on deposits, typically better than commercial banks
- Daily approval for emergency loans and loans up to KES 1 million
- Loan repayment periods of up to 84 months
- Competitive interest rates on both savings and loans
- Loan entitlement up to three times your savings
- Long-term development loans (up to 84 months) for home construction or business growth
Financial Products and Services
Shirika DT Sacco provides a variety of Front Office Service Activity (FOSA) and Back Office Service Activity (BOSA) products tailored to members’ needs.
FOSA Products
Loan Products
- Salary Advance: Quick cash for salaried members
- Daraja Loan: Flexible financing for various needs
- Asset Base Loan: Secured by member assets
- Asset Financing: For purchasing vehicles or equipment
- Vukisha Loan: Short-term credit solution
- Tarajia Loan: For future-oriented goals
- Group/Unganisha Loan: For collective borrowing by groups
Savings Products
- Shirika Junior Account: Savings for children
- Masomo Savings: For educational expenses
- Christmas Account: For festive season planning
- Fixed Deposit Account: High-yield investment savings
BOSA Products
Loan Products
- Senior Citizen Loan: Tailored for retirees
- Mega Loan: Large-scale financing
- Nguvu Loan: For significant personal or business needs
- Smart Loan: Flexible, member-friendly credit
- Mortgage Loan: For home ownership
- School Fees Loan: For educational costs
- Blu Loan: General-purpose loan
- Super Savers Loan: For members with high savings
- College Fees Loan: For higher education expenses
- Emergency Loan: For urgent financial needs
- Jiinue Loan: For personal empowerment projects
Savings Products
- Share Capital: Member ownership investment
- Deposits: General savings with refundable options
- Burial Benevolent Fund (BBF): Support for funeral expenses
Contact Information
For inquiries or to start your membership journey, contact Shirika DT Sacco:
Head Office: Kipande Road-Ngara Junction, Nairobi
Contacts: 0734 897 817 / 0726 277 778 / 0724 610 745
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