Centenary Sacco is a licensed savings and credit cooperative established to offer affordable financial services and drive its members toward economic prosperity. Conceptualized in 1999 and officially registered in 2003, the Sacco has grown to serve over 30,000 members with an asset base of Kshs 1.32 billion. The Sacco operates branches in Meru Town, Chuka, Kinoru, Mutuati, and Marimanti, with its first FOSA office established in 2009 in Meru Town along the Meru-Nanyuki Road.
Membership Eligibility
- Age: Anyone above 18 years is eligible to join Centenary Sacco.
Membership Requirements
To join Centenary Sacco, applicants must:
- Membership Application Form:
- Obtain the form from the Sacco’s website or its branches.
- Fill and submit the form.
- Identification: Provide:
- A copy of the National ID.
- A copy of the KRA PIN certificate.
- Passport Photo: Submit a recent passport-size photograph.
Centenary Sacco Products
1. FOSA Services
(a) Savings Products
- Individual Savings Account: Flexible account for personal savings.
- Salary Account: Tailored for salaried individuals.
- Group/Institutional Account: Ideal for chamas or organizations.
- Jifunze Junior Account: Savings account for children.
- Fixed Deposit Account: Provides higher returns on fixed-term savings.
(b) FOSA Loans
- Salary Loans: Long-term financing for salaried members.
- Salary Advance: Short-term credit for emergencies.
- Kamua Pesa Loan: Quick-access loan.
- Vuna Majani Loan: Financing for agricultural needs.
- Bonus/Coffee Advance: For coffee farmers.
- Jifunze Junior Loan: Educational loans for students.
- Salary Overdraft: For cash flow gaps.
- Classic Loan: Flexible personal loan.
(c) Utility Services
- Mpesa Paybill Services: For easy deposits and payments.
- Mobile Banking Services: Convenient access via mobile phone.
- ATM Services & Saccolink Visa Card: Access funds anytime.
- Personalized Cheque Books: For business and personal needs.
2. BOSA Services
(a) Loan Products
- Normal Loan: General-purpose financing.
- Instant Loan: Quick loans for emergencies.
- Re-Financing Loan: Top-up on existing loans.
- Asset Financing: For purchasing assets.
(b) Group Loans
- Kumekucha Loan: For group investments.
- Pambazuka Loan: Tailored for group projects.
- Micro-Credit Loan: Small-scale business financing.
- Mibubo Loan: For agricultural and community projects.
Benefits of Joining Centenary Sacco
- Best Value: Members enjoy the best returns on savings and investments.
- Low Loan Interest Rates: Affordable and competitive rates.
- Competitive Savings Rates: Attractive returns on deposits.
- Financial Education: Regular financial literacy training.
- 24/7 Support: Access to online, mobile, and phone support services.
- Convenience: Easy and reliable access to savings and loans.
Contact Information
- Head Office: Intercity Building, Along Meru-Nanyuki Highway, Meru Town.
- Phone: 064 3132 236 / 0715 467 290.
Conclusion
Centenary Sacco offers a wide range of financial products and services designed to meet diverse member needs. From competitive savings accounts and loans to advanced mobile banking services, the Sacco is a trusted partner in achieving financial stability and growth. Joining Centenary Sacco is an excellent choice for anyone seeking reliable financial solutions with a focus on convenience and value.
