Chai Sacco, established in 1973, has been empowering members economically, socially, and financially by offering tailored financial services. Regulated by the Sacco Society Regulatory Authority (SASRA), it is one of Kenya’s largest deposit-taking Saccos with an asset base exceeding Kshs 4.72 billion.
Membership Eligibility
The following individuals and groups are eligible to join Chai Sacco:
- Employees of KTDA and its subsidiaries.
- Public and civil servants.
- Corporate institutions willing to remit check-off deductions for their staff.
- Organized groups, such as chamas, investment clubs, and welfare associations.
- Entrepreneurs.
- Immediate family members of existing Sacco members.
Membership Requirements & Application Procedure
To become a member, one must:
- Be 18 years or older.
- Provide:
- A copy of a valid Kenyan ID or passport (for Kenyans living abroad).
- One passport-size photograph.
- Fill out and sign the membership application form.
- Pay a membership fee of Kshs 1,000.
- Acquire the minimum number of shares.
- Purchase the minimum share capital within 24 months of joining or upon application for the first loan.
Benefits of Membership
As a member, you can:
- Manage financial wealth effectively.
- Enjoy competitive returns on savings.
- Earn rebates on deposits.
- Access loans at low interest rates.
- Benefit from real estate investments through Chai Diamond.
- Access retail products tailored for members, including:
- Chai Angels Junior Account: A savings account for children.
- Chai Premier Holiday Account: Helps plan and save for holidays.
- Group Account: Designed for organized groups.
- Farm Produce Payments & Loans: Includes payments for tea, green leaves, milk, and more.
Contacts
- Head Office: KTDA Plaza, 4th Floor, Moi Avenue, Nairobi.
- Phone: 0709 808 100 / 0709 808 101.
