6 Months Emergency Loans
This loan facility is available to all members to meet urgent needs such as sudden hospitalization, death, natural disasters,
Education School Fees Loans
A good Education gives more opportunities in life, healthier. Families & Societies, lower crime, better overall health, and civic involvement.
12 months Normal Loans
With a minimum savings of KES 1,000, we are able to serve low-income earners even students who make a big population of our membership.
48 Hours Loan Approvals
Since inception, we have pride in the fastest loan approvals levelling on technology as all applications and approvals are done online.
About Us
Our history is short but inspiring & worth telling
Under the stewardship of Syokimau Residents Association, the idea of the Savings and Credit Cooperative Society was endorsed to steer the economic agenda of the residents by providing a platform of savings and obtaining affordable credit facilities. The parent organization is the main SRA where the SACCO draws her members from and the common bond is all the residents and business community in Syokimau. The SACCO was formed in 2017 with only 10 like-minded individuals with a very lean asset base of merely kes 5,000. Within the period, the SACCO has recorded a slow growth with membership standing at 58 with an asset base of kes 1.8 million. The SACCO is managed by ten volunteer professionals with high integrity. The management team comprises of the main board with seven members and the supervisory committee consisting of three members. The SACCO is guided by the Cooperative Act, the rules and the bylaws governing the Cooperative movement in the country.
To Facilitate Savings and Credit to Members
Give employees generous boundaries by listening intently, Belief in them. We assure you for keep quality services from us to you
Products tailored to members needs
Give employees generous boundaries by listening intently, Belief in them. We assure you for keep quality services from us to you
Promote members thrift & Support 24/7
Give employees generous boundaries by listening intently, Belief in them. We assure you for keep quality services from us to you
Why Choose Our Service
We Transform Members Dreams into a Reality.
Registration & Share Capital
- Registration fee is KES 1,000 only.
- Share Capital is KES 2,000 only non refundable but transferable
Mininum Savings & Loan threshold
- Minimum monthly savings is KES 1,000
- Loans starting after six months of consistent savings.
Interest & loan Multiplier
- The loans are charged at 1.2% pm on a reduced balance.
- Loans issued two times the shares/savings
Volunteerism & Board members
- The SACCO is run and managed by volunteer professionals with integrity and customer delight our our key
Our Common Bond
The SACCO derives its membership from the parent association (SRA) and their families, However even none residents are now welcome.
Our Digital Experience
We have benefited a lot from our volunteers in the IT sector who have helped us automate all the operations from Registration to savings and Loans administration.
Our Strategy
To Leverage technology and Device and implement business strategies that drive success for the community and businesses that are around us.
Membership Exit
There is a free exit plan should one plan to do so in future and all the deposits are refunded to the exiting members.Shares are transferable too.
Don’t hesitate, contact us for better help and services. Explore All Services
I love the customer service I also like the loan processing speed at SRA SACCO. you guys provided a service unlike any other SACCO i know of. I have grown alot with this SACCO
Our Projects
S.R.A SACCO Loan Products
We know how to help our members to clarify their financial dreams and provide clear guidance and a workable plan that guarantee their success towards financial empowerment and eventual freedom.
Development Loan
With inflation and the shilling losing value rapidly it is better to develop today than latter
Holiday Loan
Work without play/rest makes Jack a dull boy. This product will help you plan in advance
We Make A Difference
By leveraging on Technology Our Services are More Efficient
Call Us: +254-732-632990 OR Email : srasacco@gmail.com
Formed in 2017 with only 10 like-minded individuals with a very lean asset base of merely kes 5,000. Within the period, the SACCO has recorded a slow growth with membership standing at 158 with an asset base of kes 3.8 million
Follow Us
Set on an online platform operation. you can now follow us on your favourite social media network. We are networked and our communications are seamles