Shirika DT Sacco, established on 24th April 1969, is one of Kenya’s reputable deposit-taking cooperative societies. Initially, membership was limited to staff from the Ministry of Co-operative Development. However, over the years, the Sacco has expanded its membership to include individuals and groups from various sectors. With a membership of nearly 8,000 and deposits exceeding Kshs 3.50 billion, Shirika DT Sacco provides a wide range of financial products and services.
Products & Services
1. FOSA (Front Office Services Activity)
Loan Products
- Salary advance.
- Daraja loan.
- Asset base loan.
- Asset financing.
- Vukisha loan.
- Tarajia loan.
- Group/Unganisha loan.
Savings Products
- Shirika junior account.
- Masomo savings account.
- Christmas account.
- Fixed deposit account.
2. BOSA (Back Office Services Activity)
Loan Products
- Senior citizen loan.
- Mega loan.
- Nguvu loan.
- Smart loan.
- Mortgage loan.
- School fees loan.
- Blu loan.
- Super savers loan.
- College fees loan.
- Emergency loan.
- Jiinue loan.
Savings Products
- Share capital.
- Deposits.
- Burial benevolent fund (BBF).
Membership Eligibility
Shirika DT Sacco welcomes members from various categories, including:
- Staff of various ministries.
- Staff of reputable organisations.
- Teachers.
- Self-employed individuals.
- Self-help groups.
- Co-operative bodies.
- Retirees.
Membership Requirements
To become a member of Shirika DT Sacco, the following are required:
- A completed membership application form (available on the Sacco’s website).
- A registration fee of Kshs 1,000 (non-refundable).
- First deposit, including Kshs 300 risk fund paid by all members.
- A copy of your National ID.
- A copy of your current payslip.
- A passport size photograph.
Benefits of Membership
- High savings result in high dividends.
- Timely interest on deposits and dividends (disbursed in February).
- Quick approval for emergency and loans below Kshs 1 million (processed daily).
- Loan repayment periods of up to 84 months.
- Competitive interest rates on savings and loans compared to commercial banks.
- Loan entitlement of up to three times your savings.
- Development loans with extended repayment periods for business or home building projects.
Contacts
- Location: Kipande Road- Ngara Junction, Nairobi.
- Phone Numbers:
- 0734 897 817
- 0726 277 778
- 0724 610 745
