Nyati Sacco, established in 1977, is a licensed deposit-taking cooperative society regulated by SASRA. It was originally founded by employees of Securicor Security (now G4S Security) to foster a savings culture among members and provide financial support for personal development, school fees, and emergencies.
The Sacco boasts a membership of 27,367 with an asset base of Kshs 4.58 billion, a loan portfolio of Kshs 3.53 billion, and a share capital of Kshs 148 million.
Membership Eligibility
Nyati Sacco membership is open to:
- Employees from organisations with a check-off agreement with the Sacco, including:
- G4S Secure Data Solutions.
- Tandu Alarms.
- Drugnet Limited.
- Turtle Bay Resort.
- Absolute Security.
- Secure Contractors.
- Buffalo Bicycles.
- Estec Kenya.
- Cloves Management.
- Kleen Homes.
- Wecan Security.
- Gulf Energy.
- Cobra Security.
- Employees of other organisations approved by the board.
- Former employees of companies with check-off agreements with Nyati Sacco.
- Employees of Nyati Sacco.
- Spouses and children of existing Nyati Sacco members, introduced in writing by the member.
Membership Requirements
To become a member, the following are required:
- Complete a membership application form (available on the Sacco’s website or through offices and delegates countrywide).
- Provide the following documents:
- Copy of National ID.
- Copy of the latest payslip.
- Copy of ATM card.
- Two coloured passport-sized photos.
- Pay an entry fee of Kshs 500.
- Make a minimum monthly deposit of Kshs 1,200.
- Purchase a minimum share capital of Kshs 3,000.
Benefits of Membership
- Attractive dividends on shares and interest on deposits.
- Savings provide a financial reserve for future needs.
- High savings enable members to qualify for bigger loans.
- Members with substantial savings require fewer or no guarantors to secure loans.
Contacts
- Head Office: Odyssey Plaza, 2nd Floor, South B, Mukoma Road, Nairobi.
- Phone: 0710 567 582 / 0711 593 190
