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50 Years of Empowering Lives

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50 Years of Empowering Lives

Dear Investor, Here Are Requirements For Joining Stima Sacco

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Saving in Saccos is the best financial decision one can make for many reasons. Unlike other financial institutions, Saccos offer members a way of accessing credit by allowing them to borrow up to three times against their savings.

The amount that members contribute every month is used to provide loans to other members. By being a member of a Sacco, you are a shareholder. You earn a dividend as an owner and interest on deposits as a shareholder, unlike in banks where your savings are used to make profits for the institution, but you end up getting nothing.

Stima Sacco is one of the best Saccos to join Kenya. The Sacco is commonly known for land investment. It offers loans up to three times the member’s savings, and the interest charged is as low as 1 percent per month.

When you become a member of Stima Sacco, you are entitled to unlimited membership benefits, including Subsidized prices for all products, e.g., on land and houses.

The requirements for joining Stima Sacco vary depending on the category. You can join the Sacco under three categories, ie. Individual, group, and corporate.

For individuals, the requirements are.

  • Fill membership form
  • Present a copy of the passport
  • A copy of the national ID
  • KRA PIN certificate
  • Membership fee of Sh3,000

Those joining as a group/chama will, on the other hand, be required to;

  • Give minutes of meetings where members sat and resolved to join Stima Sacco
  • Give a list of all members of that group
  • Select a few members to represent the entire group at Stima Sacco
  • Signatories are to present their documents, such as national ID copies and KRA PIN, and fill out a form.

For corporates, the requirements are;

  • Director’s resolution to join Stima Sacco.
  • Memorandum of articles
  • Documents of directors such as ID, KRA PIN, and KRA PIN of the corporate.

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remittance options


  • Customer downloads app pesadirect or visits
  • After installing the app, enter the amount to Send and click “continue”
  • Click “Sign Up” or login if you had previously registered on
  • 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


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


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