How To Join County Sacco [2022]

How to join county sacco

Image Courtesy: County Sacco

If you are in Runyenjes and looking for a sacco, you need to join county sacco. The sacco is a licensed sacco in Kenya that was established in the year 1991 to to promote the economic and social interests of members, in accordance with the co-operative principles, which are: voluntary and open membership; democratic member control; economic participation by members; autonomy and independence; education, training and information; co-operation among co-operatives; and concern for the community in general.

County sacco operations are governed by principles summarized by their vision, mission and core values as highlighted below

Vision: To be the leading provider of quality and competitive financial solutions.

Mission: To mobilize resources and provide customized financial products and services within Kenya using appropriate technology and upholding the highest level of professionalism.

Motto: Together we save, together we grow.

Core values: Professionalism, accountability, integrity, teamwork, innovation and transparency.

Benefits of Joining County Sacco

There is a wide variety of products and services catered to each individual member’s needs once you join county sacco. Such products and services include:

1. Savings- Under the savings option, there are several account options once you join county sacco. They include;

  • Ordinary account: this is a mandatory account opened upon attaining membership to the sacco. It holds an individual’s shares and requires a minimum balance of Ksh500.
  • Corporate account: this is an account targeted towards corporate clients, organizations and enterprises. For account opening, applicants must submit certificates of corporation (CoC), group minutes declaring intention as well as a list of signatories. In addition, the account requires a minimum balance of Ksh1,000
  • Children account: this account is reserved for individuals who are below 18 years of age whereby holders are entitled to annual party. The account requires a minimum balance of Ksh1,000
  • Christmas account: Deposits to this account are channeled towards festivity expenses whereby withdrawals are only permitted between 22nd December and 2nd January.
  • Micro-enterprise account: this type of account is focused towards groups through which they can acquire loans subject to 8-weeks savings via the account.
  • Student account: students of tertiary institutions such as universities, colleges or technical vocations can make save via this specific account.
  • NHIF: this account is beneficial towards saving for NHIF premium payments.
  • Business account: anyone operating a business can channel their savings to this account upon which guarantees accessibility to business loans and advances, requires no withdrawal notice and also has an option of a personal cheque. The minimum operating balance required for this account is Ksh1,000
  • Akibamunda account: this account offers competitive interest rates with quick access to advances of upto 80% deposit. This account requires a minimum balance of between Ksh20,000-ksh50,000 for periods of 3-6 months respectively.

2. Loans- Under the loans option, there are several account options once you join county sacco. These include;

  • Kilimo loan: targeted towards small farmers and agribusiness traders whereby applicants can access loans of upto Ksh2 M to be repaid within 3-24 months.
  • Milk/Maziwa loan: this loan is subject to milk production upon which shall be granted after cow assessment report approval and is to repaid monthly for a period of 18 months.
  • Biashara loan: targeted towards business expansion with loans of upto a maximum of Ksh5M to be repaid within 3-24 months in either weekly or monthly basis.
  • Jijenge loan: focused on small scale traders with no established businesses. Applicants can access a maximum loan amount of Ksh100K to be repaid weekly for a period of 3-12 months.
  • Chama loan: targeted towards small welfare groups to access loans ranging from Ksh100K to 2M for a repayment duration of 2-3 years.
  • Mshahara loan: this type of loan is reserved for employed members with a check-off system via the sacco. Such individuals benefit to access loans of upto Ksh2M repayable monthly for a period of 1-60 months.
  • Microfinance loan: this is targeted towards a group formation of small/micro enterprises where they are able to apply for loans of upto Ksh1M with a repayment plan of upto 24 months.
  • Co-op bank faida loan: this kind of loan is reserved for county sacco members with dully paid up Cooperative bank Class A shares.
  • Institutional loan: this loan type is for groups/businesses with an income generating project and an active county sacco account for a period of not less than 6 months. Loan amounts under this category range from Ksh1K to 2M with a loan tenure of 2-3 years.
  • Loans-in-kind: this is a loan structure whereby county sacco buys goods on behalf of its members who in turn pay 70% of the total price while 30% is treated as a loan to the members.
  • M-loan: this loan is accessible via the mobile banking ussd platform *879# where loans of upto Ksh5,000 are disbursed instantly to be repaid within a month.

3. Investments- Under the investments option, there are several account options once you join county sacco. These include;

  • Sacco shares: also referred to as capital shares, these are non-refundable and earn annual dividends. The minimum share per individual member is 13,500.
  • Share deposits: these type of shares are refundable, earn annual interests, have zero minimum shareholding and can be used to guarantee loans to other sacco members.
  • Micro deposits: these also have the same attributes as the share deposits mentioned above.

4. Advances – Under the advances option, there are several account options once you join county sacco. These include;

  • Milk advances: these are milk-based loans that are granted on request and are repayable in 1 month.
  • Maziwa waruvaji: these are similar to milk advances but have a longer repayment period of upto 3 months.
  • Cheque advance: this involves cheque discounting whereby county sacco members can access upto 80% of a cheque’s value while they await clearance.
  • Fixed deposit advance: this is targeted towards individuals with high disposable income who can make short term deposits of upto 12 months with minimal withdrawals.
  • Crop advance: these are tea production based loans that are to be repaid within a month.

5. Mobile banking: registration to this service via ussd code *879# will enable access to various m-banking service options such as: accounts to mpesa, loans, balance enquiries, mini-statements, PIN changes, deposits, airtime purchases, guarantorship etc

6. Additional services offered by county sacco include; field cash collections, M-Pesa agencies, coop agencies, cheque clearing, sacco agencies etc

County Sacco Main Office & Contacts

Below is the main office whereby anyone willing to join county sacco can pay a visit.

P.O. Box 21-60103,
Runyenjes, Kenya
Tel: +254700290241/ +254732210416
E-Mail: info@countysacco.com

County Sacco branches & Contacts

Branch nameEmail addressPhone contact
Kanja branchkanja@countysacco.com+254 752 892 281
Karurumo branchkarurumo@countysacco.com+254 752 892 304
Runyenjes branchrunyenjes@countysacco.com+254 752 892 395
Miandari branchmiandari@countysacco.com+254 794 763 921
Chuka branchchuka@countysacco.com+254 752 892 296

How To Join County Sacco And Become A Member

Any individual either employed or in business and is above the age of 18 years is open to join county sacco



Categories: County Sacco

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