Taraji Sacco, founded in 1978 by a group of around 100 teachers, was established to mobilize resources and provide affordable financial services to uplift the livelihoods of its members. With an asset base of 0.77 billion, the Sacco is one of Kenya’s prominent deposit-taking cooperatives. Guided by its values of fairness, honesty, accountability, and teamwork, Taraji Sacco continues to serve its diverse membership.
Membership Eligibility
The Sacco welcomes membership from:
- TSC Employees: Teachers in and out of Siaya County.
- Board of Governors Employees.
- Ministry of Health Employees.
- County Government Employees.
- ECD Teachers.
- Ministry of Water Employees.
- Registered Groups.
- Individual Members of the General Public.
Membership Requirements
To join Taraji Sacco, applicants must provide:
- Membership Application Form:
- Available on the Sacco’s website or from its offices.
- Membership Fee: Kshs 500.
- Copy of National ID.
- Copy of Payslip (if applicable).
Taraji Sacco Products
1. Savings Products
- Excel Saving Scheme: Tailored for long-term savings.
- Christmas Furaha: Save for festive season expenses.
- Monthly Savings Deposits: Regular savings for future plans.
- Co-operative Savings: Group savings options.
- Medicare Savings: For health-related needs.
- Bakisha Savings: Emergency savings option.
- Share Capital: Required for membership benefits.
- Fixed Deposit: High-interest savings for fixed durations.
- Toto Poa Savings Account: Designed for children’s savings.
- Risk Contribution: Savings to mitigate unforeseen risks.
- Microfinance Savings: For small-scale entrepreneurs.
2. BOSA Loan Products
- Premier Loan: For high-value investments.
- Development Loan: For personal and business development.
- Karibu Loan: A welcoming loan for new members.
- School Fees Loan: Tailored for education expenses.
- College Fees Loan: Designed for tertiary education needs.
- Almasi Loan: For special investment opportunities.
- Emergency Loan: For urgent financial needs.
- Super Emergency Loan: For critical emergencies.
3. FOSA Loan Products
- FOSA Special Loan: Tailored for specific needs.
- FOSA Quick Serve: Instant loans for urgent requirements.
- FOSA Development Loan: For long-term development projects.
- Shujaa Loan: Supporting personal or business growth.
- Salary Advance: Advance on salary for salaried members.
- Super Advance: High-value salary advance.
- FOSA Flex: Flexible loan repayment options.
- FOSA Jiinue Loan: To uplift members financially.
- M-Chap Chap Loan: Quick-access short-term loan.
- FOSA Jipange Loan: Helping members to reorganize financially.
4. Micro-Credit Loan Products
- Imarisha Biashara Loan: For small businesses.
- Boda Boda Loan: For motorcycle financing.
- Micro Elimu Loan: For education needs in microfinance.
- Micro Emergency Loan: For urgent financial requirements.
- Bakisha Loan: Supports savings and credit access.
Other Services
- Cheque Clearance.
- Sale of Banker’s Cheque.
- Custodial Services.
- Short Message Service (SMS) for account updates.
- M-Sacco: Mobile banking service.
- Safaricom Paybill Number: 926500.
- Electronic Funds Transfer (EFT).
Taraji Sacco Branches
1. Head Office
- Location: Siaya Teachers Plaza, Oginga Odinga Road, Siaya Town.
- Contacts:
- 0733 409 744
- 0792 895 663
2. Ugunja Branch
- Location: KCB Building, Along Ugunja-Busia Road.
- Contact: 0746 386 078
3. Bondo Branch
- Location: Jenoh Plaza, Opposite Kenya Women.
- Contact: 0718 217 768
Conclusion
Taraji Sacco remains a reliable financial partner for teachers, civil servants, and the general public. Its broad array of savings and loan products, coupled with efficient services, makes it a go-to choice for financial empowerment and stability. Joining Taraji Sacco is an excellent step toward achieving your financial goals.
