Wana-Anga Sacco, established on 14th December 1979, operates as a savings and credit cooperative society under the Co-operative Societies Act of 1966, Cap 490, Section 7. Initially serving employees of the meteorological department, the Sacco has since expanded its membership base, offering financial solutions to diverse groups and individuals. With over 6,320 members and an asset base of Kshs 1.27 billion, Wana-Anga Sacco is one of the largest deposit-taking Saccos in Kenya.
Membership Eligibility
Membership is open to:
- Employees of the meteorological department.
- Other organisations and individuals, as part of the Sacco’s expanded common bond.
Membership Requirements
To join Wana-Anga Sacco, applicants must:
- Membership Application Form:
- Complete the form, available on the Sacco’s website or offices.
- Entrance Fee: Pay a non-refundable fee of Kshs 1,000.
- Shares Purchase: Buy a minimum of 1,250 shares at Kshs 20 per share (non-withdrawable).
- Identification: Provide a copy of:
- National ID or passport.
- KRA PIN certificate.
- Passport-Size Photograph.
Wana-Anga Sacco Products
1. FOSA Products
- Banker/Third-Party Cheques: For business and personal payments.
- Fixed Deposits: Higher returns on fixed-term savings.
- Savings Account: Flexible personal savings.
- Money Transfer: Includes local transfers via Mpesa.
- Loans and Advances: Tailored financial solutions.
- Salaries Processing: Simplified salary disbursement for employers.
- Deposits Account: For long-term savings.
- Children’s Account: Introduces children to saving.
- Holiday Account: Helps save for vacations and holidays.
2. Loan Products
- Normal/Development Loan: For personal or business development.
- Refinancing Loan: Top-up on existing loans.
- New Instant Loan: Quick-access funds.
- School Fees Loan: For primary and secondary education expenses.
- College Fees Loan: For tertiary education needs.
- Emergency Loan: For urgent financial requirements.
3. Wana Anga Medical Cover (Wanameco)
- Provides coverage for inpatient hospitalisation expenses for members and their dependents.
- Membership:
- Approx. 1,500 members.
- Total monthly average contributions: Kshs 175,000.
4. Retirement & Benefit Fund (RBF)
- Addresses members’ welfare during retirement.
- Eligibility:
- Permanent members of Wana-Anga Sacco automatically become members upon payment of a registration fee.
- Contributions:
- Contributor: Kshs 200 per month.
- Dependent: Kshs 100 per month.
Contact Information
- Head Office: Dagoretti Corner, Ngong Road, at Kenya Meteorological Department Headquarters Compound, Nairobi.
- Phone: 020 357 1108/2155, 0712 710 117.
Conclusion
Wana-Anga Sacco offers comprehensive financial products and services designed to meet the diverse needs of its members. From savings accounts to tailored loan options and medical cover, the Sacco ensures members’ financial security and growth. Joining Wana-Anga Sacco is an excellent step toward financial empowerment, with competitive benefits and reliable service delivery.
