Ukulima Co-operative Sacco Description
Ukulima Co-operative Sacco was established on 3rd February the year 1972, as a Savings and Credit Co-operative Society with the objective of promoting thrift among the Ministry of Agriculture employees to save and borrow at low cost in order to meet the employees’ socio-economic needs. Then a common bond was opened and the society current membership of 27,749 is spread out in all government Ministries, Parastatals, Waterboards, NGO’s and reputable private organizations and also countrywide.
From a humble beginning, the society has grown from strength to strength and today is one of the giant Sacco in Kenya. This is evident by the continued growth in terms of membership, share capital, loans to members, investments and payment of dividends to members. The Sacco has 98 branches countrywide and three FOSA’s in Nairobi, Kisumu, and Mombasa. Ukulima Co-operative Sacco is situated in the Ukulima co-op house along Haile Selassie Ave, City Sq, Nairobi.
Ukulima Co-operative Sacco Vision:
The Sacco of choice
Ukulima Co-operative Sacco Mission
To enhance members empowerment through the provision of quality financial services
Ukulima Co-operative Sacco Objectives
Society exists to offer the following services:-
1. Afford members an opportunity to accumulate their savings.
2. Provide credit to members at fair and reasonable rates of interest to improve their economic and social welfare.
3. Educate members on the proper use of credit and to fully utilize available products and services in the Society.
Ukulima Co-operative Sacco Core Values
Core values
At Ukulima Sacco they:
- are committed to providing quality and efficient services to our members
- believe in being an efficient accountable and friendly organization
- embrace sound management practices
- believe in providing an enabling working environment that promotes communication, teamwork and mutual trust
- believe in adopting modern information communication technology to enhance service delivery
- believe in being a responsible corporate citizen
- are committed to recruit, retaining, developing and rewarding competent personnel
- Are an equal opportunity employer
- Cherish creativity, innovation and continuous learning
Ukulima Co-operative Sacco Commitment
- Offer excellent services with courtesy, Integrity and impartially.
- Attend to member’s within 30 minutes of visit and handle members’ needs with confidentiality and urgency it deserves;
- There will be a customer care officer available to attend to members problems;
- All services to our members are offered free of charge as per our existing policies. Kindly assist us by not compromising our staff at all levels.
- Ukulima Sacco is a corruption-free zone
Ukulima Co-operative Sacco Logo
Ukulima Co-operative Sacco Products
Savings Products
Mwavuli Deposit
These are the continuous monthly deposits that members make to the Sacco throughout their membership.
The benefits are:
- Accumulation of savings gradually;
- Used as loan multiplier
- Earn attractive and competitive interest;
- Wealth creation
- Security for loans
FOSA Account
Diaspora Fosa Account Features
This is Ukulima Sacco’s transactional account which operates as a current account. This account has a minimum balance of $ 100 and amounts above $ 200 earns competitive interest and have no monthly charges.
The account is used for:
- Clearing standing Orders
- Loan repayments,
- Cheque clearing,
- Dividends payment
- Withdrawals
- Sacco Assurance
- EFTs, RTGS, etc
- Transactions via Debt cards and ATM, Ukulima Sacco Cheque Book, Mobile banking
Pad Deposit Account
The Sacco offers competitive returns on Fixed Deposits Reserve (FDR);
- The minimum amount for fixed deposits is $1000
- No monthly charges.
- For current fixed deposit, rates click here.
- Credit Products Offering
- They offer the following products proposition for Diaspora Market
Loan Types
1. Normal Development Loan
Long term loan with an interest rate of 1% per month, reducing the balance, it has a Loan Tenor of up to 48 months and a Loan Amount worth 3x Mwavuli Deposits.
2. Jitegemee Development Loan
Long term loan with an interest rate of 1.2% per month, reducing the balance, it has a Loan Tenor of up to 72 months and a Loan Amount worth 3x Mwavuli Deposits.
One should make a Contractual monthly deposit of K.sh 5,000/ or 1% of loan approved (whichever is lower).
Benefits
- Enable member’s access funds at competitive rates with flexible security requirements.
- A higher multiplier of Mwavuli Deposits (x3) with longer repayment periods;
- Fast processing of loans and Savings stimulus for members;
- Flexible repayment period extending to 72 months for savings exceeding one (1) Million.
Banking Services
This is a facility that enables you to DEPOSIT or WITHDRAW money from your
Fosa Account through your MOBILE PHONE.
Benefits
- Convenience – transact from the comfort of your home/office
- Time-Saving – no need to visit your fosa branch
- No Queuing
- Withdraw up to a maximum of Kshs 140,000/= per day.
Features
- Withdraw / Deposit Cash
- Instant Balance Enquiry
- Sms Alerts On Your Account Activity
- Online Application Of Mahitaji Loans From Your Phone
- Payment Of Your Fosa / Bosa Loans
How to operate M-Sacco
Upon M-banking Registration by the Sacco, one Will;
- Receive confirmation from 21332
- Send the word ‘Start’ to 21332
- You will receive a confirmation with Start Pin No.
- Dial *346#, and change the Start PIN No. to your Preferred Pin No.
- Dial *346# to Transact.
How to withdraw from your phone
- Dial *346#
- Enter your pin no. press send
- Select option withdrawal
- Answer with 1 send
- Answer with 1 send (this part displays your account no.)
- Enter the amount to withdraw send
- Wait for FEEDBACK SMS( this may take 5 to 10 minutes)
How to Deposit Cash to your Account through Mobile Phone
- Load MPESA account with the money
- Go to MPESAPAYMENT SERVICES press ok
- Select PAY BILL press ok
- Select ENTER BUSINESS NO. press ok
- Type in the no. 953400 press ok
- Select enter account no. press ok. Type in your national id number(DO NOT KEY IN ACCOUNT NO.)
- Enter amount press ok
- Enter your M-PESA PIN
- Details of your instruction will display,
(CONFIRM BY READING BEFORE SENDING, then press ok).
How to check for balance through phone
- Dial *346#
- Enter your pin. Press send
- Select option. Balance inquiry
- Wait for FEEDBACK SMS
How to get the accounts mini-statements on your phone
- Dial *346#
- Enter your pin. Press send
- Select option mini-statement, Answer with 1
- Wait for FEEDBACK SMS.
Ukulima Co-operative Sacco – Contacts
Head Office: Ukulima Co-operative House, Haile Selassie Avenue,
Postal Address: P. O. Box 44071-00100 Nairobi,
Tel 0202785000
Kisumu Branch: United Mall, Ground Floor, Wing A,
Postal Address: P. O. Box 1378-40100 Kisumu.
Tel 057-2020169
Mombasa Branch: Bahman Trust Building, Mikindani Street,
Postal Address: P. O. Box 86051-80100 Mombasa,
Tel 020-2616972, 041-2312444
Eldoret Branch: Sirikwa Hotel Building, Oloo Street,
Postal Address: P. O. Box 6703-30100 Eldoret,
Tel 053-2032346
Embu Branch: Kenyatta Avenue, Eastern Emporium Building,
Postal Address: P. O. Box 992-60100 Embu
Tel 068-2231325
Email within Kenya – info@ukulimasacco.coop
Email outside Kenya – diaspora@ukulimasacco.coop
Web: http://www.ukulimasacco.coop
Ukulima Co-operative Sacco Photo