Stima Sacco DT is a licensed Deposit Taking Sacco. The Sacco was established in 1974 with the sole objective of uplifting the members’ social economic well-being.
In April 2003 the Sacco responded to members banking needs by introducing the Front Office Service Activity (FOSA) to offer banking services to its members.
Stima Sacco Dividends 2020
The Sacco’s board of directors had recommended payment of a first and final dividend of 14 percent per share on fully paid up shares as of 31 December 2019, and interest rebates on members’ deposits at the rate of 10.5 percent.
Stima Sacco DT Membership
The good thing is that any Kenyan citizen is eligible to join Stima Sacco regardless of his or her area of residence. The sacco accepts membership at three levels, Individual Membership, Joint Membership and Group Membership.
Individual Membership and Joint Membership
To join the Sacco one needs to;
- Complete Membership Application Form
- Attach copy of Kenyan National Identity Card or Valid Kenyan Passport
- Attach coloured passport size photograph..
- Copy of KRA PIN Number
Group Membership
This includes; Corporate, Chamas, Self-help Groups etc. To join the Sacco one needs to;
- Complete group membership application form.
- Attach minutes of the group’s meeting resolving to join Stima Sacco.
- Attach the group’s constitution.
- Attach copies of Identification Cards, Passport and photos of authorised signatories.
- Attach copy of group’s registration certificate.
- KRA PIN Numbers (Where applicable)
| Category | Registration (Kshs)* | Minimum Monthly Alpha Deposits Contribution(Kshs) | Share Capital |
| Individual | 500 | 1,000 | 25,000 |
| Joint | 500 | 1,000 | 25,000 |
| Group | 500 | 5,000 | 50,000 |
Stima Sacco DT Saving Accounts
Here is a list of saving accounts with their features;
| SAVING ACCOUNT | FEATURES |
| SHARES (This is a portion of member`s equity in the Sacco) | Individuals Kes. 25,000 min. |
| Groups Kes. 25,000 min. | |
| Corporate Kes. 50,000 min. | |
| Earns Dividends annually | |
| Dividends shall be automatically capitalized for any member holding less than the Minimum Share Capital | |
| Non refundable can only be transferred to an existing member | |
| ALPHA DEPOSIT (Continuous monthly savings by members) | Individuals Kes. 1,000 min |
| Groups Kes. 5,000/ | |
| Corporates Kes 10,000/- | |
| Earns interest annually | |
| Interest Rebates shall be automatically capitalized for any member holding less than the Minimum Share Capital | |
| It’s the loans multiplier & allows members to access deposit based loans | |
| Can be contributed through standing order, check off, mobile banking, bank transfer or direct deposit | |
| Can only be accessed upon membership withdrawal | |
| PRIME ACCOUNT
(This is a Transactional account like a bank’s current account)
|
Allow salary processing, cheque clearing, loan, External & Internal transfers |
| No ledger fees or monthly charges | |
| Minimum Kes 500 | |
| Amounts above Kes.15,000/- Earns an interest of 2% | |
| Maximum of Kes. 400,000- per day over the counter | |
| Funds access channels includes; SACCO LINK ATMs, Stima Sacco check book and Mobile banking | |
| Statements can be viewed online via the web portal | |
| Dormancy after 6 months | |
| TWIGA SAVINGS ACCOUNT
(This is a portion of member`s equity in the Sacco)
|
Minimum monthly savings Kes.1000 |
| Balance above 6,000/- earn interest of 3% p.a | |
| No monthly charges | |
| First withdrawal can be done after 6 months, after which can be made every 3 months | |
| Early withdrawal charges are as follows; 500/- for amounts less than 10,000.
5% for amounts greater than 10,000/ or capped at 2000/- whichever is lesser.
|
|
| Not to be considered when the amount is being utilised to pay off an outstanding loan | |
| Not to be considered when the amount is being transferred internally to any of the members Savings Account with the exemption of Prime Account. | |
| Minimum monthly balance 500/- | |
| Dormancy after 6 months | |
| MSINGI BORA ACCOUNT
(Saving plan for children to help members accumulate savings for paying school fees)
|
Minimum monthly savings of Kes. 500/- |
| Account minimum balance of Kes.500/- | |
| Contract term between 5 – 18 Years | |
| Projected savings insured against the principle member death and permanent disability | |
| After 3 years member qualifies for a self-guarantee school fees loan of up to 75% of the Msingi bora savings | |
| Interest of 5% p.a. paid at the end of the contrac | |
| Premature termination of the contract;
Forfeiting the interest earned and pay 2% early withdrawal charges
|
|
| Refund all premiums paid to the insurance | |
| Dormancy after 6 months | |
| JUNIOR STAR
(Children short term savings)
|
Minimum monthly savings of kes. 500/- |
| Minimum account balance Kes 500/- | |
| Withdrawal can be done once after every 4 months | |
| Early withdrawal charges: 500/- for amounts less than 10,000 5% for amounts greater than 10,000/ or capped at 2000/- whichever is lesser | |
| Not to be considered when the amount is being utilised to pay off an outstanding loan. | |
| Not to be considered when the amount is being transferred internally to any of the members Savings Account with the exemption of Prime Account. | |
| No ledger fees or monthly charges | |
| Minimum monthly balance 500/- | |
| Dormancy after 6 months |
Stima Sacco Mobile Banking(M-PAWA and M-Stima)
Stima Sacco Mobile banking enables members to access services at the palm of their hands using their mobile phones.
Services offered include;
- My account
- Internal Funds Transfer
- External Funds Transfer
- M-Advance
- Airtime top-up
- Withdrawal
- Account Balances
- Customer Services Request
- Utility Bill Payment
- Other
To register for the Stima Sacco Mobile Banking(M-PAWA and M-Stima), download the registration form fill it and take it to nearest branch or one can visit nearest branch and seek for assistance.
Stima Sacco Portal Log
Members can login and access myriad of services. To login click here
Stima Sacco DT Branches and Contacts
To date the Sacco has nine branches in Nairobi(Parklands), Mombasa, Kisumu, Nakuru, Olkaria,Eldoret, Nairobi CBD, Embu and Kawi Centre (South C)
| BRANCH | LOCATION AND CONTACTS |
| Nairobi
|
Located at Stima Sacco Plaza Mushembi Road, Parklands in Nairobi Kenya |
| P.O. Box 75629-00200 | |
| Tel: 0703024000 | |
| Email: nairobibranch@stima-sacco.com | |
| Mombasa
|
Located at Electricity House, Ground Floor Nkrumah Road. |
| P.O. Box 2593-80100, Mombasa. | |
| Tel: 0703024401/2/3/4/5 | |
| Email: msafosa@stima-sacco.com | |
| Eldoret
|
Located at Zion Mall, Malaba Road. |
| P.O. Box 7952-30100, Eldoret. | |
| Tel: 0703024801/2/3/4/5 | |
| Email: eldoretbranch@stima-sacco.com | |
| Nakuru
|
Located at at Meems Building, Kenyatta Avenue Nakuru |
| P.O. Box 4083-20100, Nakuru. | |
| Tel: 0703024601/2/3/4/5 | |
| Email: nkrbranch@stima-sacco.com | |
| Olkaria
|
Located at Geothermal Complex, Olkaria. |
| P.O. Box 1203-20117, Naivasha. | |
| Tel: 0703024701/2/3/4/5 | |
| Email: olkariabranch@stima-sacco.com | |
| Kisumu
|
Located at Westend Mall, Achieng Oneko Road. |
| P.O. Box 2593-80100, Kisumu | |
| Tel: 0703024501/2/3/4/5 | |
| Email: kisumubranch@stima-sacco.com | |
| Nairobi CBD
|
Located at Victor House, Kimathi Street in Nairobi |
| P.O. Box 75629-00200. | |
| Tel: 0703024000 | |
| Email: cbdbranch@stima-sacco.com | |
| KAWI
|
Located at Kawi Complex, South C Bellevue |Off Mombasa Road |Off Red Cross Road |
| Tel. 0703 024 852/3 | |
| Email: kawibranch@stima-sacco.com | |
| Embu
|
Located at Embu Pearl Center in Embu Town |
| P.O. Box 388-60100 | |
| Tel: 0703024000 | |
| Email: embubranch@stima-sacco.com | |
| Head Office
|
Located at Stima Sacco Plaza Mushembi Road, Parklands in Nairobi Kenya |
| P.O. Box 75629-00200 | |
| Tel: 0703024000 | |
| Email: customercare@stima-sacco.com |