Stima SACCO is one of Kenya’s largest and most trusted savings and credit cooperatives, established to empower members financially through savings, affordable loans, and other financial products. 

Whether you’re looking to grow your savings, access credit, or plan for retirement, joining Stima SACCO can be a beneficial step. 

Here’s a straightforward guide to help you through the process. 

Why Join Stima SACCO? 

Stima SACCO offers a variety of benefits to its members, including: 

Savings and Investment Opportunities: 

A range of savings accounts tailored to meet different financial goals. 

Affordable Loans: 

Access to credit at competitive rates, which can be used for personal development, education, or business ventures. 

Dividends: 

Earn annual dividends based on the SACCO’s performance. 

Financial Security: 

Backed by a robust governance structure, ensuring transparency and accountability. 

Eligibility Requirements 

Stima SACCO primarily serves individuals working in the energy sector but also accepts applications from other members of the public. Here’s what you’ll need: 

• Must be 18 years or older. 
• Valid Identification: National ID, passport, or any government-issued ID. 
• KRA PIN: Kenya Revenue Authority PIN for tax purposes. 
• Membership Fee: You’ll be required to pay a one-time membership fee and purchase minimum share capital. 

Stima SACCO offers different membership categories, such as: 

Individual Membership: 

Open to salaried individuals, business owners, and self-employed people. 

Group Membership: 

Includes corporate entities, investment groups, and organizations. 

Diaspora Membership: 

For Kenyans living abroad who want to save and invest back home. 

Step 1: Gather Required Documents 

Before applying, ensure you have the following documents: 

• Copy of National ID or Passport: For proof of identity. 
• Copy of KRA PIN Certificate: Required for all financial transactions in Kenya. 
• Passport-Sized Photos: Usually one or two recent photos. 
• Proof of Employment or Business (optional): Some membership types may require proof of income or employment. 

Note: Diaspora members may need additional documents to verify identity and residency abroad. 

Step 2: Choose a Membership Category 

Stima SACCO has several membership types, each catering to different financial needs: 

BOSA (Back Office Services Activity): 

Focuses on long-term savings, allowing access to low-interest loans based on savings. 

FOSA (Front Office Services Activity): 

Provides banking-like services, including savings accounts, current accounts, and ATM access. 

Choose the option that best aligns with your financial goals. 

Step 3: Visit a Stima SACCO Branch or Apply Online 

Stima SACCO has branches nationwide, but if you prefer convenience, they also offer an online application process. 

Option 1: Apply at a Stima SACCO Branch 

Visit the Nearest Branch: 

Locate a branch closest to you or check their website for available branches. 

Fill Out the Membership Form: 

Request a membership form from the customer service desk. Complete it with accurate information. 

Submit Required Documents: 

Provide all necessary documents (ID, KRA PIN, and photos). 

Pay Membership Fees: 

The SACCO representative will guide you on the membership fee and share capital requirements. 

Option 2: Apply Online via the Stima SACCO Website 

Visit the Stima SACCO Website: 

Go to Stima SACCO’s official website and navigate to the membership application section. 

Complete the Online Form: 

Fill out the online membership application form, ensuring all details are accurate. 

Upload Documents: 

Upload scanned copies of your ID, KRA PIN, and photos. 

Pay Fees Online: 

You can pay the membership and share capital fees via M-Pesa or bank transfer as directed on the website. 

Tip: Call Stima SACCO’s customer service for assistance if you encounter issues with the online application process. 

Step 4: Pay the Membership Fees 

Joining Stima SACCO requires a membership fee and the purchase of minimum share capital, which acts as your initial investment in the SACCO. Here’s a breakdown of common fees: 

Membership Fee: 

One-time non-refundable fee. 

Minimum Share Capital: 

This represents your ownership in the SACCO and qualifies you to earn dividends. 

The specific amounts may vary, so confirm with the SACCO during your application. Payment options typically include: 

M-Pesa Paybill: 

Check the Stima SACCO website for the latest Paybill number and payment instructions. 

Bank Transfer: 

Directly deposit into the SACCO’s bank account if you prefer. 

Step 5: Receive Your Membership Confirmation 

After submitting your application and making the payment, Stima SACCO will review and process your membership. Once approved, you’ll receive a membership number and other relevant account details. 

Membership Number: 

Keep your membership number safe as you’ll use it for all SACCO-related transactions. 

Account Set-Up: 

If you signed up for FOSA, your account details, including online and mobile banking, will be shared with you. 

Step 6: Start Saving and Accessing Benefits 

As a new Stima SACCO member, you can begin saving and applying for the products that best meet your financial needs. Here are some options to consider: 

Savings Accounts: 

Explore savings accounts that suit your goals, such as emergency funds, education, or retirement savings. 

Loan Products: 

Apply for personal or business loans, which are available to members based on their savings and share capital. 

Dividends: 

At the end of the financial year, you’ll receive dividends based on the SACCO’s performance and your share capital. 

Frequently Asked Questions 

How long does it take to become a member of Stima SACCO? 

Typically, it takes a few days to process your application, but this may vary based on completeness and verification requirements. 

What are the benefits of being a Stima SACCO member? 

Members enjoy savings products, affordable loans, annual dividends, and financial advice. FOSA members can also access banking-like services such as ATM withdrawals. 

Can I join Stima SACCO if I live abroad? 

Yes, Stima SACCO has a Diaspora membership option specifically for Kenyans living outside the country. 

What happens if I stop making monthly contributions? 

Your account may become inactive, affecting your ability to access loans or other benefits. It’s advisable to keep up with contributions for full membership benefits. 

Conclusion: Secure Your Financial Future with Stima SACCO 

Joining Stima SACCO provides a reliable way to save, invest, and access affordable loans tailored to your financial needs. 

With a range of membership options and services, Stima SACCO empowers you to build wealth and achieve financial stability. 

By following the steps above, you can become a member and begin enjoying the many benefits the SACCO has to offer.