Taifa Sacco, initially established in 1974 as a banking section for the Nyeri District Co-operative Union, has grown significantly over the years. Initially catering to rural farmers in Nyeri, it has expanded to serve diverse members across Kenya, leading to its rebranding as Taifa Sacco in 2005.
Membership Eligibility
Taifa Sacco membership is open to all individuals and entities, irrespective of their economic sector, including:
- Business Persons: Small, medium, and large businesses.
- Institutions & Companies: Public and private entities.
- Salaried Individuals: Employees in various sectors.
- Jua Kali Artisans: Informal sector workers.
- Groups: Self-help groups, youth groups, and chamas.
- Societies: Cooperative societies and other registered groups.
- Farmers: Both small and large-scale farmers.
- Pensioners: Retired individuals seeking financial services.
Membership Requirements
(a) Individuals
- Original and copy of a National ID, Military ID, Passport, or Driving License.
(b) Groups
- Group resolution (minutes).
- Original and copy of registration certificate.
- Original and copy of ID cards for all signatories.
(c) Business Accounts
- Original and copy of business registration certificate.
- Original and copy of ID cards for all signatories.
(d) Children Accounts
- Copy of the child’s birth certificate.
- Original and copy of ID card for the parent/guardian.
How to Join Taifa Sacco
- Visit the Nearest Taifa Sacco Branch
- Provide the required documents based on your category (individual, group, business, or child account).
- Open a Membership Account
- Pay Kshs 1,100, broken down as follows:
- Kshs 100 for account opening.
- Kshs 500 for savings.
- Kshs 500 for shares (5 shares each at Kshs 100).
- Pay Kshs 1,100, broken down as follows:
- Minimum Share Subscription
- 100 shares, equivalent to Kshs 10,000.
- Shares can be boosted through Mpesa, standing orders, and cash deposits at Sacco branches.
Taifa Sacco Contacts
- Head Office: NCU Building, Gakere Road, Nyeri Town.
- Phone: 0733 120 101 / 0724 635 463 / 0733 120 703.
