Biashara Sacco Society, established on December 31, 1990, initially served Nyeri’s business community through savings and credit services. It later expanded to operate FOSA in 2006, with its first branch in Nyeri. The Sacco now boasts 11 branches and 4 satellite offices across Kenya.
Membership Eligibility
Membership is open to all Kenyans nationwide.
Membership Requirements
- Complete the prescribed membership application form.
- Pay a registration fee of Kshs 2,000.
- Submit an original ID and a photocopy.
- Purchase 50 shares at Kshs 100 each.
- Pay a development fee of Kshs 200,000.
- Pay a maintenance fee of Kshs 200.
- Contribute welfare fees of Kshs 50.
- Make monthly deposits of Kshs 2,500.
Benefits of Membership
- High dividends.
- Attractive interest rates on deposits.
- Access to a variety of loans.
- Loan limits up to five times your shares.
- Voting rights in Sacco decisions.
- Ownership of Sacco shares, which are transferable.
Biashara Sacco Products & Services
Loan Products
- Normal Loan.
- Development Loan.
- Emergency Loan.
- Malipo Loan.
- Seasonal Loan.
- Overdraft Loan.
- Shamba Loan.
- Women Empowerment Loan.
- Sisi kwa Sisi Loan.
- Beba Loan.
- Soko Loan.
- Nyongesa Loan.
- Corporate Loan.
- Mortgage Loan.
- Wakulima Loan.
- Medical Loan.
- Safari Loan.
- Smart Member Investment Loan.
Savings Products
- Savings Account.
- Beba Account.
- Smart Account.
- Safari Club Account.
- Business Account.
- Women Empowerment Account.
- Masomo Account.
- Malipo Account.
- Soko Account.
- Group Account.
- Young Men Empowerment Account.
- Fixed Deposit Account.
- Bob Junior Account.
- Corporate Account.
ATM Services
- Cash withdrawals.
- Cash deposits.
- Balance inquiries.
- Mini statements.
- Utility payments.
- School fees payments.
- Purchases at merchant points (e.g., supermarkets, petrol stations).
Other Services
- Mobile banking.
- Agency services.
- Student mentorship programs.
- Cheque books.
- Banker’s cheques.
- Door-to-door services.
Biashara Sacco Contacts
- Head Office: Kimathi Way, Nyeri.
- Contacts: 0722 557 188 / 061 203 4206.
