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Daima Sacco Membership Eligibility & Requirements

Daima Sacco, established on 16th April 1991, is a leading deposit-taking Sacco in Kenya with an asset base of Kshs 1.65 billion. Originally known as Mungania Tea Growers Sacco, it was rebranded to Daima Sacco and expanded its scope to attract more members from diverse communities. The Sacco operates under the Co-operative Societies Act 2004, Sacco Society Act 2008, and Sacco Society Regulations 2010.

The Sacco’s mission is to promote the economic well-being of its members by encouraging thrift through savings, deposits, and investment mobilization.


Membership Eligibility

Daima Sacco primarily serves:

  • Tea growers paid through the Sacco by KTDA.
  • Any other individual or group interested in joining.

Membership Requirements

1. Individual Account

  • Must be 18 years or older.
  • Provide:
    • A photocopy of National ID.
    • One passport-size photo.
  • Maintain a minimum opening balance of Kshs 400.

2. Business Account

  • Eligibility:
    • Must own a registered business operating for at least 6 months.
  • Provide:
    • A minimum balance of Kshs 400.
    • Business registration documents.
  • Additional Features:
    • Multiple withdrawals allowed daily.
    • Statements available upon request.
    • Can be used to access business loans.

3. Institutional/Company Account

  • Provide:
    • Copies of IDs and passport-size photos of officials or directors.
    • Certificate of incorporation.
    • KRA PIN certificate.
    • Articles of association.
    • Tax compliance certificate.
    • Current trade license from the county government.
    • Minutes from the board of directors authorizing the account opening.

4. Junior Account

  • Provide:
    • Photocopy of the ID of the parent/guardian.
    • Photocopy of the birth certificate or birth notification of the child.
    • Passport-size photos of the parent/guardian and child.

Daima Sacco Features and Benefits

  • Encourages thrift and savings among members.
  • Provides financial support through loans tailored to members’ needs.
  • Offers diverse account types for individuals, businesses, and institutions.
  • Accessible FOSA services for flexible transactions.
  • Statements on request for better financial management.

Contact Information

  • Head Office: Manyatta Market, Embu Town.
  • Phone: 075 836 2003.

Conclusion

Daima Sacco is a reliable financial partner for tea growers and other individuals seeking secure savings and credit services. With flexible account options, attractive loan facilities, and a commitment to economic empowerment, Daima Sacco is an ideal choice for individuals and businesses aiming for financial stability and growth. Joining Daima Sacco is a step toward securing your financial future.

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