Wakulima Commercial Sacco, previously known as Wakulima Dairy Sacco Limited, was established on 24th September 2003 under the Ministry of Co-operative Development and Marketing. Initially formed to support dairy farmers in the Mukurwe-ini region, the Sacco has grown significantly, now boasting over 15,000 active members and an asset base of Kshs 0.84 billion. The Sacco aims to be the leading financial institution in the region by offering inclusive and reliable financial solutions.
Membership Eligibility
Wakulima Commercial Sacco is open to individuals and groups from diverse sectors, including:
- Dairy farmers.
- Coffee farmers.
- Salaried individuals.
- Participants from other economic sectors.
Membership Requirements
To join Wakulima Commercial Sacco, you must meet the following criteria:
- Application Form: Download and complete the membership application form from the Sacco’s website or collect it from their offices.
- Identification Document: Provide a copy of your national ID or passport.
- Passport Photos: Submit two recent passport-size photos.
- Account Activation Fee: Pay a fee of Kshs 200.
- KRA PIN Certificate: Provide a copy of your KRA PIN certificate.
- Active Savings Account: Open and maintain an active savings account with the Sacco.
- Shares Registration Fee: Pay a fee of Kshs 200.
- Nominal Shares: Purchase at least Kshs 50 nominal shares, with each share valued at Kshs 100.
- Referee: Have at least one referee to vouch for your membership.
Wakulima Commercial Sacco Products
1. Accounts
- Savings Account: For personal savings and investments.
- Group Account: Tailored for chamas and groups.
- Junior Account: Designed for children’s savings.
- Fixed Deposit Account: Offers higher returns for fixed-term investments.
- Business Current Account: For business owners.
2. Loans
(a) Agricultural Loans
- Dairy Loan: Financing for dairy farming needs.
- Kilimo Bora Loan: Supports agricultural improvement.
- Mazingira Bora Loan: Focuses on environmental sustainability.
- Fanikisha Kahawa Loan: Designed for coffee farmers.
(b) Business Loans
- Development Loan: Long-term financing for projects.
- Imarika Loan: Tailored for business growth.
- Jijenge Imara Loan: For personal and business development.
- Institutional Loan: Supports institutional financial needs.
- Insurance Premium Loan: Covers insurance premium payments.
- Micro-Finance Loan: For small businesses.
- Emergency Loan: Quick funding for emergencies.
- Salary Loan: For salaried individuals.
- School Fees Loan: Covers educational expenses.
Services
1. Wakulima Fastcash
- Enables members to access Sacco services conveniently via mobile phones.
2. Mobile Deposit
- Use the Mpesa paybill business number 7082099 to deposit funds directly into your account.
3. Wandasa Insurance
- A partnership with Wadasa Insurance Agency provides a variety of insurance products to meet members’ needs.
4. Saccolink ATM Services
- In partnership with Co-operative Bank, members can access the following:
- Cash withdrawals.
- Cash deposits.
- Balance inquiries.
- Utility bill payments.
- Mini-statements.
Contact Information
- Head Office: Wakulima Building, Mukurwe-ini.
- Phone: 0700 146 398.
Conclusion
Wakulima Commercial Sacco is a versatile financial institution supporting farmers, salaried individuals, and businesses. With a wide array of savings products, loans, and convenient digital services like mobile deposits and Saccolink ATM access, it provides reliable financial solutions for its members. Joining Wakulima Commercial Sacco is an excellent opportunity for individuals and groups seeking financial growth and stability.
