Wakulima Commercial Sacco: Membership and Financial Services

About Wakulima Commercial Sacco

Formerly known as Wakulima Dairy Sacco Limited, Wakulima Commercial Sacco was officially registered on September 24, 2003, under the Ministry of Co-operative Development and Marketing. Initially established to support dairy farmers in Mukurwe-ini, the Sacco has since expanded its services to cater to a broader membership base.

Today, it boasts:

Over 15,000 active members
An asset base of Kshs 840 million
A commitment to becoming the leading financial institution in the region

Membership Eligibility

Wakulima Commercial Sacco primarily serves:

Dairy farmers
Coffee farmers
Salaried individuals
Entrepreneurs and professionals from other economic sectors

Membership Requirements

To join, applicants must provide:

A completed membership application form (available on the Sacco’s website).
A copy of a valid ID (National ID/Passport).
Two passport-sized photographs.
KRA PIN certificate copy.
Kshs 200 account activation fee.
Kshs 200 shares registration fee.
Purchase of at least 50 nominal shares (Kshs 100 per share).
An active savings account.
One referee (an existing member).

Financial Products & Services

1. Savings & Deposit Accounts

Savings Account – Standard savings with competitive returns.
Group Account – For chamas and joint savings.
Junior Account – Designed for children and young savers.
Fixed Deposit Account – Higher interest earnings on locked savings.
Business Current Account – Tailored for enterprises.

2. Loan Products

Agricultural Loans

Dairy Loan – Financing for dairy farmers.
Kilimo Bora Loan – Crop farming support.
Mazingira Bora Loan – Eco-friendly farming initiatives.
Fanikisha Kahawa Loan – Coffee farming financing.

Business & Personal Loans

Development Loan – Business expansion funding.
Imarika Loan – Flexible personal financing.
Jijenge Imara Loan – Asset financing.
Institutional Loan – For organizations and groups.
Emergency Loan – Quick financial assistance.
Salary Loan – Short-term salary advances.
School Fees Loan – Education support.

3. Additional Services

Wakulima FastCash – Mobile-based transactions for convenience.
Mobile Deposits – Via M-Pesa Paybill No. 7082099.
Wandasa Insurance – Partnered insurance solutions.
Saccolink ATM Services (in partnership with Co-operative Bank):
- Cash withdrawals & deposits
- Balance inquiries
- Utility bill payments
- Mini-statements