credit products

We have developed and we keep on reviewing credit products that suit our members.

CREDIT PRODUCT REVIEWS

Loan Type
New Annual Interest Rate
Multiplier Factor
Loan Tenor (Months)
Max. Loan Amount (Kes.)
Normal
12% reducing balance
X4
60
X4
Mwangaza (non-scheme)
14% reducing balance
NA
48
5M
Mwangaza (Scheme)
13.9%
NA
72
5M
Premium
13% reducing balance
X5
85
NA
Make Over
18% reducing balance
X5
48
1,000,000
SOSA
15% reducing balance
X4
24
X4
Funika
1% daily rate
N/A
30 days
15,000

STIMA SACCO CREDIT PRODUCTS

Find the best credit product for you by using the filters below

Loan type
Maximum loan amount
Ksh0/=Ksh7500000/=
Repayment period
0months144months

Apply for a Loan through the 

Working capital loan

Features

  • Max Loan Amount:3X members Alpha deposits
  • Repayment Up to 36Mths
Asset finance school loan

Features

  • Max Loan Amount: 3X members Alpha deposits(10M)
  • Repayment Up to 48mths
LPO loan

Features

  • Max Loan Amount: 3X members Alpha deposits(70% of Quotation value
  • Repayment Not exceeding 90 days
Invoice discounting loan

Features

  • Max Loan Amount: 3X members Alpha deposits(80% of invoice value)
  • Repayment Not exceeding 90 days
Investor loan

Features

  • Max Loan Amount:Upto 90% of the fixed deposit
  • Repayment Same as FDR period
Plot financing loan

Features

  • Max Loan Amount: 3X members Alpha deposits
  • Repayment Upto 24 months
Makazi poa loan

Features

  • Max Loan Amount: 7.5M
  • Repayment Upto 18-144 months
Mpawa loan

Features

  • Max Loan Amount:Kshs 200,000
  • Repayment Upto 6 months
Prima advance loan

Features

  • Max Loan Amount:Ksh 200,000
  • Repayment Up to 12mths
Emergency school fees loan

Features

  • Max Loan Amount: 3X members Alpha deposits
  • Repayment Up to 12mths
Emergency school fees loan

Features

  • Max Loan Amount: Up to 75% of Msingi Bora deposits
  • Repayment Up to 12 months
Salary advance loan

Features

  • Max Loan Amount:Kshs 100,000
  • Repayment Up to 1mths
Makeover loan

Features

  • Max Loan Amount:Kshs 500,000
  • Repayment Up to 48mths
Normal loan 1

Features

  • Max Loan Amount: 3X members Alpha deposits
  • Repayment Up to 48 months
Super loan

Features

  • Max Loan Amount: 4X members Alpha deposits
  • Repayment Up to 85mths

CREDIT PRODUCT REVIEWS

Loan Type
New Annual Interest Rate
Multiplier Factor
Loan Tenor (Months)
Max. Loan Amount (Kes.)
Normal
12% reducing balance
X4
60
X4
Mwangaza (non-scheme)
14% reducing balance
NA
48
5M
Mwangaza (Scheme)
13.9%
NA
72
5M
Premium
13% reducing balance
X5
85
NA
Make Over
18% reducing balance
X5
48
1,000,000
SOSA
15% reducing balance
X4
24
X4
Funika
1% daily rate
N/A
30 days
15,000

STIMA SACCO CREDIT PRODUCTS

Find the best credit product for you by using the filters below

Loan type
Maximum loan amount
Ksh0/=Ksh7500000/=
Repayment period
0months144months

Apply for a Loan through the 

Working capital loan

Features

  • Max Loan Amount:3X members Alpha deposits
  • Repayment Up to 36Mths
Asset finance school loan

Features

  • Max Loan Amount: 3X members Alpha deposits(10M)
  • Repayment Up to 48mths
LPO loan

Features

  • Max Loan Amount: 3X members Alpha deposits(70% of Quotation value
  • Repayment Not exceeding 90 days
Invoice discounting loan

Features

  • Max Loan Amount: 3X members Alpha deposits(80% of invoice value)
  • Repayment Not exceeding 90 days
Investor loan

Features

  • Max Loan Amount:Upto 90% of the fixed deposit
  • Repayment Same as FDR period
Plot financing loan

Features

  • Max Loan Amount: 3X members Alpha deposits
  • Repayment Upto 24 months
Makazi poa loan

Features

  • Max Loan Amount: 7.5M
  • Repayment Upto 18-144 months
Mpawa loan

Features

  • Max Loan Amount:Kshs 200,000
  • Repayment Upto 6 months
Prima advance loan

Features

  • Max Loan Amount:Ksh 200,000
  • Repayment Up to 12mths
Emergency school fees loan

Features

  • Max Loan Amount: 3X members Alpha deposits
  • Repayment Up to 12mths
Emergency school fees loan

Features

  • Max Loan Amount: Up to 75% of Msingi Bora deposits
  • Repayment Up to 12 months
Salary advance loan

Features

  • Max Loan Amount:Kshs 100,000
  • Repayment Up to 1mths
Makeover loan

Features

  • Max Loan Amount:Kshs 500,000
  • Repayment Up to 48mths
Normal loan 1

Features

  • Max Loan Amount: 3X members Alpha deposits
  • Repayment Up to 48 months
Super loan

Features

  • Max Loan Amount: 4X members Alpha deposits
  • Repayment Up to 85mths
Shape

FREQUENTLY ASKED QUESTIONS

1. The general requirement is that one must have been a member of the Sacco for period of three months for individual members and 6 months for Corporate members.
2. One must fulfill all requirements of a specific loan product.

A member is required to have the minimum share capital at the time of applying for a loan.

The Sacco reaches out to customers in their places of work/ businesses.
• They can access loans typically for working capital, investment, asset
finance and trade finance.
• Credit appraisal of the group is done to determine the purpose and ability to repay.
• Loan security – Group guarantees, savings, collateral e.g., title, MV
logbook etc.
• They can also access repeat and larger loans based on repayment
performance.

remittance options

A.

  • Customer downloads app pesadirect or visits www.pesadirect.com
  • https://play.google.com/store/apps/details?id=com.pesadirect.app
  • https://apps.apple.com/us/app/pesadirect/id1544980130
  • After installing the app, enter the amount to Send and click “continue”
  • Click “Sign Up” or login if you had previously registered on Pesadirect.com
  • Sign up as a new user
  • Select Receive Method as “Bank or Sacco Deposit”. Click “Add new Bank or Sacco”
  • Select Stima Sacco from the list
  • Enter your Stima Sacco Account Number 802*******00, and click “Add Bank or Sacco”
  • Add your method of payment (Debit Card preferred)
  • Review order information, and if OK, click “confirm”
  • Your Transaction is Complete! You may download the receipt for your records

B.

Bank details to use

  • Account name: Stima Sacco Society
  • Account number: 01120069062600
  • Bank: Cooperative Bank
  • Branch: Stima Plaza Branch
  • Swift Code: KCOOKENA
  • Branch Code: 11035

C.

Members with mpesa access can send directly using the Paybill options below.

Deposit using Mpesa

  • You need to be an M-PESA registered customer
  • Go to M-PESA on your phone menu
  • Select Payment Services/ Lipa na M-Pesa
  • Select Pay Bill Enter 823244

For Monthly Deposit, enter 802xxxxxxx00, where xxxxxxx is your member number.

For shares Capital, enter 800xxxxxxx00, where xxxxxxx is your Member number.

For Deposit into Prime a/c enter 801xxxxxxx00, where xxxxxxx is your member number.

NB: Your membership number ought to be seven digits.

  • Enter the amount you wish to pay
  • Enter your M-PESA PIN, confirm details are correct and press OK