Orient Sacco, originally registered as Thika District Teachers Sacco on 21st January 1997, has grown into a prominent financial institution. The Sacco rebranded to Orient Sacco Society Limited on 11th January 2013 to accommodate a broader membership. Operating under the Co-operative Societies Act and associated rules, Orient Sacco offers financial solutions to individuals and groups across Kenya.
Membership Eligibility
Orient Sacco’s membership is open to:
- Individuals: Any Kenyan citizen.
- Groups: Investment groups, chamas, and other eligible organizations.
Membership Requirements
To become a member of Orient Sacco, you need to:
- Membership Application Form: Download the form from the Sacco’s website and fill it out.
- Documents to Attach:
- One passport-size photo.
- Copy of your ID card.
- Copy of your KRA PIN certificate.
- Registration Fee: Pay Kshs 500.
- Minimum Monthly Contribution: There is no fixed minimum monthly contribution; saving and investment goals should motivate contributions.
- Submission Process:
- Scan the completed form and required documents.
- Email them to [email protected].
- Confirmation: Once registration is complete, you will receive an SMS notification with your member number.
Orient Sacco Products & Services
Savings Products
- Savings Account: Standard savings account for individual needs.
- Mwanangu Account: Tailored for children’s savings.
- Group Account: Designed for investment groups and chamas.
- Joint Account: Shared account for couples or partners.
- Mkulima Account: Targeted at farmers.
- Fixed Account: For fixed-term investments.
- Salary/Pension Account: Tailored for salaried individuals and pensioners.
Credit Products
- Millennium 36: Long-term loan product.
- FOSA Development Loan: Financing for development projects.
- Asset Finance: Loans for asset acquisition.
- One Year Advance: Short-term credit facility.
- Chama/Group Loan: Loans for groups and chamas.
- Salary Advance: Quick loans for salaried members.
- Orient Biashara: Financing for small and medium-sized enterprises (SMEs).
Mobile Banking
- Access services via *USSD (882#) for:
- Money transfers.
- Withdrawals.
- Balance inquiries.
- Transaction history.
Cheque Clearing
- Members can:
- Deposit cheques into their Sacco accounts.
- Use cheques as payment methods.
- Clearing Time: 4 days for funds to be available.
Banker’s Cheques
- Available for members needing secure payment methods to third parties.
- Clearing Time: 4 days.
Contact Information
- Head Office: Orient Sacco Building, Thika Section 9, Former CDF Office, Thika Town.
- Phone:
- 0712 911 888
- 0759 490 726
Conclusion
Orient Sacco provides a platform for savings, investments, and credit facilities, catering to a wide array of individuals and groups. With flexible contributions, diverse products, and innovative services like mobile banking and cheque clearing, Orient Sacco is an ideal choice for members seeking financial empowerment and growth.