Ndege Chai Sacco Membership Eligibility & Requirements

Ndege Chai Sacco, established in 1978, is a licensed deposit-taking cooperative society that offers its members opportunities to save and access affordable loans to improve their economic and social welfare. The Sacco currently has over 66,000 active members and an asset base exceeding Kshs 4.27 billion.

Membership Eligibility

Ndege Chai Sacco operates under an open membership bond and draws members from:

• Employees of Finlays countrywide.
• Local tea factories.
• Spouses of members.
• Employees of tea companies.
• Private security firms.
• County government staff.
• NGOs.
• Business community.
• Farmers and outgrowers.
• Recreational clubs and hotels.
• Approved business entrepreneurs and institutions.

Membership Admission

• An applicant is admitted after being accepted by a simple majority vote of the Board of Directors.
• To qualify for membership rights and privileges:
  • Pay an entrance fee (as prescribed in the membership policy).
  • Pay in full the share capital of Kshs 5,000 (50 shares at Kshs 100 each).

Benefits of Joining Ndege Chai Sacco

1. Access to a variety of loan products to enhance financial growth.
2. Availability of savings products to facilitate wise saving and investment.
3. Use of the Sacco account to:
   • Make deposits.
   • Channel salaries and payments from employment, business, or farming.
4. Financial literacy training during members’ education sessions.
5. Access to efficient, technology-driven transactions to meet members’ needs.

Products

Savings Accounts

• Akiba Kuu account.
• Children’s account.
• Christmas account.
• Holiday account.
• Group savings account.
• Fixed deposit account.
• Personal account.
• Joint account.

Loan Products

• Normal loan.
• Jipange loan.
• Seasonal advance.
• Maziwa loan.
• Avocado loan.
• Emergency loan.
• Green energy loan.
• Boda boda loan.
• Additional loan.
• Salary advance.
• Special advance.

Branches and Contacts

1. Head Office
   • Location: Ndege Chai Building, Kericho.
   • Contact: 052 203 0121.
2. Naivasha Branch
   • Location: Touchline Arcade, Along Naivasha-Mai Mahiu Highway.
3. Konoin Branch
   • Location: Kipkoibet.
4. Silibwet Branch
   • Location: Opposite the Kenya Administration Police Post.
5. Siongiroi Branch

For additional details, visit the nearest branch or contact the head office.