Wanandege Sacco, established on 22nd June 1977, is a regulated deposit-taking cooperative society under the SASRA framework. With an asset base of 1.66 billion, it is one of Kenya’s leading deposit-taking Saccos. It was founded under the Co-operative Societies Act, Cap 490 B, to provide financial services to its members.
Membership Eligibility
Wanandege Sacco welcomes membership from:
- Employees of Kenya Airways and other companies in the aviation industry.
- Individuals and groups from non-aviation industries, including businesspersons.
Membership Requirements
To become a member, you must provide:
- Registration Fee: Kshs 2,000.
- Application Form:
- Download from the Sacco’s website or collect from its offices.
- Share Capital:
- Kshs 10,000, payable in installments.
- Monthly Contribution:
- Minimum Kshs 2,000.
- Supporting Documents:
- One passport-size photograph.
- Copy of National ID/ Passport.
- Copy of KRA PIN certificate.
Wanandege Sacco Products
1. Short-Term Loans
- Airlift Loan: Tailored for quick cash requirements.
- Bash Loan: For personal events or celebrations.
- Dividend Advance: Loans against expected dividends.
- Salary Advance: Quick advances for salaried members.
- Short-Term Advance: Small, quick loans with short repayment periods.
- Pride Advance: Special loans for personal needs.
2. Long-Term Loans
- Business Loan: To expand or establish a business.
- Development Loan: For development projects.
- Emergency Loan: To cater for unforeseen emergencies.
- Maisha Loan: Long-term loan for significant personal or business expenses.
- Wezesha Loan: Affordable loan for financial empowerment.
- Refinancing Loan: To consolidate or refinance existing loans.
- School Fees Loan: Tailored to pay education fees.
- Super Loan: High-value loan with extended repayment terms.
3. FOSA Services
- Savings Accounts:
- FOSA savings account.
- Junior savings account.
- Fixed deposit account.
- Other Services:
- Safe custody services for valuables.
- Sacco Link Visa ATM cards.
- Mobile banking (M-ndege) via USSD *346#.
- Bankers cheque, EFT, and RTGS services.
- Mpesa services and Mpesa super agency.
- Cheque deposit and clearance.
Benefits of Joining Wanandege Sacco
- Affordable Loans:
- Favorable interest rates.
- Quick loan processing.
- High Dividends:
- Attractive returns on shares.
- Financial Growth:
- Access to both short-term and long-term loans with minimal requirements.
- Increased savings lead to higher loan eligibility.
- Financial Education:
- Literacy training programs for members.
- Reliable Customer Service:
- Competent staff ensures excellent service.
Wanandege Sacco Branches
1. Head Office
- Location: Wanandege Plaza, Off Old North Airport Road, Opposite Embakasi Police Station, Embakasi Village, Nairobi.
- Contacts:
- 0722 208 557
- 0780 208 557
- 0111 044 900
2. Mombasa Branch
- Location: Moi International Airport, Terminal 2.
- Contacts:
- 0781 908 438
- 0111 044 922
Conclusion
Wanandege Sacco provides a robust financial platform for members in aviation and non-aviation sectors. Its diverse savings and loan products, combined with excellent customer service, make it a great choice for individuals and businesses looking for reliable financial solutions. Joining Wanandege Sacco is a strategic move toward financial security and growth.
