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Stima Sacco DT; Dividends 2020, Membership, Saving Accounts, M-pawa and M-Stima, Branches and Contacts

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;

  1. Complete Membership Application Form
  2. Attach copy of Kenyan National Identity Card or Valid Kenyan Passport
  3. Attach coloured passport size photograph..
  4. Copy of KRA PIN Number
Group Membership

This includes; Corporate, Chamas, Self-help Groups etc. To join the Sacco one needs to;

  1. Complete group membership application form.
  2. Attach minutes of the group’s meeting resolving to join Stima Sacco.
  3. Attach the group’s constitution.
  4. Attach copies of Identification Cards, Passport and photos of authorised signatories.
  5. Attach copy of group’s registration certificate.
  6. 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

 

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