Overview
Founded in 1978, Ndege Chai Sacco is a deposit-taking Savings and Credit Co-operative Society dedicated to enhancing the economic and social well-being of its members through accessible savings and affordable loans. Licensed in 2011 by the Sacco Societies Regulatory Authority (SASRA), the Sacco serves over 66,000 active members and boasts an asset base exceeding KES 4.27 billion. Its head office is located at Ndege Chai Building in Kericho, with additional branches across Kenya.
Who Can Join?
Ndege Chai Sacco operates an open membership policy, welcoming individuals and groups from diverse sectors, including:
- Employees of Finlays Kenya
- Staff of local tea factories and tea companies
- Spouses of current members
- Employees of private security firms
- County government workers
- NGO staff
- Business owners and entrepreneurs
- Farmers and outgrowers
- Members of recreational clubs and hotels
- Approved business institutions
Membership Requirements
To join Ndege Chai Sacco, applicants must:
- Be approved by a simple majority vote of the Board of Directors
- Pay a prescribed entrance fee as outlined in the membership policy
- Purchase a minimum share capital of KES 5,000 (50 shares at KES 100 each), paid in full
- Submit a completed membership application form, available at branches or through the Sacco’s official channels
Membership privileges, such as access to loans and voting rights, are granted only after fulfilling these requirements.
Membership Benefits
Joining Ndege Chai Sacco offers a range of financial and educational advantages, including:
- Access to diverse loan products to support financial growth
- Tailored savings accounts to encourage wise investment
- Ability to channel salaries, business payments, or farming income through your Sacco account
- Financial literacy training during member education sessions
- Modern, efficient technology for seamless transactions
Financial Products
Ndege Chai Sacco provides a variety of savings and loan products to meet members’ needs.
Savings Products
- Akiba Kuu Account: General-purpose savings
- Children’s Account: For young savers to build financial habits
- Christmas Account: For festive season planning
- Holiday Account: For vacation savings
- Group Savings Account: For chamas and collective savings
- Fixed Deposit Account: High-yield investment savings
- Personal Account: For individual transactional needs
- Joint Account: For shared savings among members
Loan Products
- Normal Loan: General-purpose financing
- Jipange Loan: Flexible loan for personal planning
- Seasonal Advance: For seasonal financial needs
- Maziwa Loan: For dairy farmers
- Avocado Loan: For avocado farmers
- Emergency Loan: For urgent expenses
- Green Energy Loan: For sustainable energy projects
- Boda Boda Loan: For motorcycle operators
- Additional Loan: Supplemental financing for existing borrowers
- Salary Advance: Quick funds for salaried members
- Special Advance: For unique financial requirements
Branch Network and Contacts
Ndege Chai Sacco operates five branches to serve its members across Kenya:
- Head Office
Location: Ndege Chai Building, Kericho
Contact: 052 203 0121 - Naivasha Branch
Location: Touchline Arcade, Along Naivasha-Mai Mahiu Highway, Naivasha - Konoin Branch
Location: Kipkoibet, Konoin - Silibwet Branch
Location: Opposite Kenya Administration Police Post, Silibwet - Siongiroi Branch
Location: Siongiroi
READ MORE: Capital Sacco: Branch, Financial Products, and Membership Guide
