Stima DT Sacco Membership Eligibility & Requirements

Stima DT Sacco, established in 1974, is one of Kenya’s largest deposit-taking Saccos with an asset base of Kshs 53.78 billion. Initially formed to serve employees of the East African Power & Lighting Company, the Sacco now caters to individuals, businesses, groups, and corporate entities from diverse sectors.

Membership Eligibility

Membership is open to:

• Individuals in employment from all sectors.
• Business persons.
• Groups and chamas.
• Corporate entities.

Membership Requirements

1. Individual Membership

• Complete the membership application form.
• Attach a copy of National ID/Passport.
• Provide a recent passport-size photograph.
• Copy of KRA PIN certificate.
• Pay a registration fee of Kshs 500.
• Contribute a share capital of Kshs 25,000.
• Commit to a minimum monthly saving of Kshs 1,000.

2. Joint Membership

• Complete the membership application form.
• Attach copies of National ID/Passport for both applicants.
• Provide coloured passport-size photographs for both applicants.
• Copy of KRA PIN certificate.
• Pay a registration fee of Kshs 500.
• Contribute a share capital of Kshs 25,000.

3. Group Membership (Chamas & Self-Help Groups)

• Complete the corporate membership application form.
• Attach a photocopy of the registration certificate.
• Provide minutes of the group’s meeting resolving to join Stima Sacco.
• Constitution of the group.
• Copies of ID cards, KRA PIN certificates, and photos of authorised signatories.
• List of group members.
• Pay a registration fee of Kshs 500.
• Contribute a share capital of Kshs 25,000.
• Commit to a minimum monthly saving of Kshs 5,000.

4. Corporate Membership

• Complete the corporate membership application form.
• Attach a director’s resolution to open the account.
• Provide a copy of the certificate of incorporation.
• Attach copies of ID/Passports of signatories.
• Provide a copy of the Memorandum and Articles of Association.
• Copy of KRA PIN certificate.
• Pay a registration fee of Kshs 500.
• Contribute a share capital of Kshs 50,000.
• Commit to a minimum monthly saving of Kshs 10,000.

Stima Sacco Products

a) Credit Products

1. Personal Loans:
   • Normal loan, Super loan, Salary advance, Makeover loan.
2. Business Loans:
   • Local purchase order financing, Invoice discounting.
3. Specialized Loans:
   • Asset finance, School fees loan, Plot financing loan, Makaazi poa loan, Msingi bora loan.

b) Savings Products

Non-withdrawable Accounts:

• Shares capital account, Alpha deposit savings account.

Withdrawable Accounts:

• Twiga savings account, Junior star, Msingi bora.

Term Deposit Accounts:

• Call deposit account, Fixed deposit account, Golden savings account.

Stima Sacco Contacts

• Head Office:
  Stima Sacco Plaza, Mushembi Road, Parklands, Nairobi.
• Contacts:
  • 0703 024 000
  • 0703 024 001