Chai Sacco Membership Eligibility & Requirements

This article focuses on Chai Sacco membership eligibility and requirements. Chai Sacco has been empowering members economically, socially and financially since 1973 through the provision of financial services tailored to meet the needs of all members.

The Sacco is regulated by the Sacco Society Regulatory Authority (SASRA). It is one of the largest deposit-taking Saccos in Kenya with an asset base of more than 4.72 billion.

Chai Sacco Membership Eligibility

The following persons, institutions or groups are eligible for membership.

  • Employees of KTDA and its subsidiaries.
  • Public and civil servants.
  • Any company or corporate institution willing to remit check off deductions for their staff.
  • Organized groups such as chamas, investment clubs and welfare associations.
  • Entrepreneurs.
  • Immediate family of an existing member.

Chai Sacco Membership Requirements & Application Procedure

  • The member must be 18 years and above.
  • Provide a copy of valid Kenyan ID/ passport for Kenyans living in the diaspora.
  • Provide a passport size photograph.
  • Dully filled and signed membership form.
  • Pay the required membership fee- Kshs 1,000.
  • Take up the minimum number of shares.
  • Purchase the minimum share capital within 24 months of membership or upon application of the first loan.

Benefits of Membership

As a member you are able to manage your financial wealth through the following ways;

  • Competitive returns on your savings.
  • Earn rebates on your deposits.
  • Acquire loan at low interest rates.
  • Enjoy real estate investments through Chai Diamond.
  • Members are also entitled to the following retail products from Chai Sacco;

(i). Chai Angels Junior Account

It is a savings account for your children.

(ii). Chai Premier Holiday Account

This account is meant to help you plan and save for a holiday.

(iii). Group Account

For organized groups such as chamas, investment clubs and welfare associations.

(iv). Farm Produce Payments & Loans

This includes tea, green leaves, milk and many more.

Chai Sacco Contacts

Head Office: KTDA Plaza, 4th Floor, Moi Avenue, Nairobi

Contacts: 0709 808 100/ 0709 808 101.

Check Out:

Zack Abuyeka

I am the third eye.My duty is to keep you updated of the current trends and events happening round the globe.