Why Kenyans In The Diaspora Need To Invest Through Stima Sacco

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written by Business Watch Team 

It is estimated that 3 million Kenyan nationals live and work abroad. However, despite such a large number of Kenyans staying and working in other countries, only a few can invest back home.

The inability to invest back home for millions of Kenyans in other countries has been attributed to the following challenges:

  • Inadequate information on investment opportunities
  • Unreliable service providers back home
  • Untrustworthy family members who steal from them

There have been many cases of Kenyans working in countries like Dubai and the Arab world landing at the Jomo Kenyatta International Airport only to realize that their families squandered every penny they sent home while they worked hard in the diaspora.

But how can this be avoided?

This is where Stima Sacco comes in.

Why? Stima Sacco membership is open to all Kenyans, both resident and non-resident. The non-resident members are served under the Diaspora Banking function.

Under Diaspora Banking:

  • New members can be onboarded to the Sacco.
  • Members have access to our credit products.
  • Members have access to their funds, regardless of their geographical location.

Kenyans in the diaspora can access Stima Sacco’s Diaspora Banking offers 24/7, and get direct remittance to accounts without human intervention for USA, UK, and European countries.

Additionally, the diaspora can have access to mortgage products with a single-digit interest rate, along with online support for loan application and processing.

What is more, there is also the availability of online monitoring of accounts coupled with guaranteed security measures to safeguard customer transactions and information.

Stima Sacco also has agents in the USA (Texas, Washington, Arizona), South Australia, Qatar, and Germany) who help members with various needs that they need from the Sacco.

During the release of the last financial year’s results, Stima Sacco revealed that its members borrowed at least 45.2 billion shillings in 2023 from Kenya’s largest and second-largest Sacco in Africa in asset base. In 2022, members borrowed 41.3 billion shillings with the 2023 growth closing at 9.3 percent.

“Our audited financial performance for the past year has been remarkable as we have achieved remarkable growth in all our key performance indicators, including assets, deposits, loans, and profitability,” said Stima Sacco CEO Gamaliel Hassan during this year’s investor briefing.

For years, Stima Sacco has continued to support members in realizing their financial goals, whether it be through loans for home ownership, education, or business expansion with Hassan promising more product inventions this year.

“Overall, our financial performance for the fiscal year 2023 has been very strong, and not only ensures our sustainability but also enables us to reinvest in our members and communities. It is important to also note that our balance sheet grew by 10 percent from 53.8 billion shillings in 2022 to 59.15 billion shillings in 2023,” he added.

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remittance options


  • 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


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