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ENEA Sacco Society Ltd was established on January 26, 2000, when it was first registered under the name Mathira Coffee Farmers Sacco Ltd.
At its inception, the Sacco was formed to provide coffee farmers in Mathira with a reliable platform for saving and accessing credit facilities.
Although registration took place in 2000, the Sacco only began operations in May 2002, opening its doors to members who sought financial services closer to their communities.
In January 2007, the Commissioner for Co-operative Development issued a certificate of change of name to Mathira Farmers Sacco Ltd.
This adjustment reflected the expansion of membership beyond coffee farming, accommodating individuals engaged in other forms of agriculture and trade.
A further change came in September 2012, when the Sacco officially adopted the name ENEA Sacco Society Ltd.
The rebranding marked a significant shift in identity, signaling the transition from a farmer-centered institution to a more inclusive cooperative serving a wider section of the public.
How to Join Enea Sacco
To open an account with ENEA Sacco, an individual is required to provide a copy of their national ID and a copy of their KRA PIN.
Additionally, a minimum deposit of KSh300 is required to activate the account.
Loan Options at ENEA SACCO
ENEA SACCO offers a range of loan products tailored to meet the diverse needs of its membership.
- Normal Loan (Short Term): Available to all members, repayable within a maximum of 24 months, with an interest rate of 14 percent.
- Emergency Loan: Tailored for salaried individuals, repayable within 12 months, at an interest rate of 14 percent.
- Micro Credit Loan: Open to groups and businesspeople, repayable within 12 months, with interest rates ranging between 10 and 13 percent.
- Farm Input and Institutional Loan: Designed for farmers and businesspeople, repayable within 24 months, at a rate of 15 percent.
- Okoa Advance / Business Advance: Offered to all members, repayable within 12 months, at a fixed rate of 10 percent.
- Cherry Booster / Picking Advance: A loan specifically for farmers, repayable within 12 months, at a fixed rate of 10 percent.
- Asset Loan: Available to members and farmers, repayable within 12 months, at an interest rate of 13 percent.
- Solar Pan Loan: Tailored for groups, repayable within 12 months, with a 15 percent interest rate.
- School Fees Loan: Available to members, repayable within 24 months, at an interest rate of 14 percent.
Also Read: Jamii Yetu Sacco: Membership Requirements, Loan Options, Savings And Interest
Other Loan Types
The Inua Biashara product is tailored for entrepreneurs. To qualify, one must open a business account, conduct daily transactions for at least three months, and be an active member of the Sacco.
Applicants are also required to save 30 percent of the loan amount, present a valid business permit, license, or registration certificate, and submit a business profile.
In addition, copies of ID cards and KRA PINs for all directors must be provided.
Members who qualify enjoy quick access to loans and advances, affordable interest rates, and the assurance that there are no hidden charges.
For farmers, the Sacco offers the ENEA Mkulima product. To benefit, a member must be active and hold at least 25 shares, which is equivalent to Ksh 2,500.
Through this product, farmers can access normal loans, Okoa Advance, normal advance facilities, the Cherry Booster, and input advances.
The Sacco also operates a welfare product known as the Benevolent – Last Expense Plan.
This fund provides financial support to cover funeral expenses for all members. Each member contributes Ksh 400 per year, and in return, the plan guarantees a payout of Ksh 40,000. Claims are processed within 48 hours, ensuring timely support during times of bereavement.
Also Read: 2NK Sacco Society Ltd: Membership Requirements, Loan Options, Savings And Interest
Savings Plans
The SACCO offers a variety of savings products designed to help members grow their funds while earning competitive interest rates.
Savings remain central to the Sacco’s operations, providing both financial security for members and a reliable resource base for lending.
From its inception, the Sacco has emphasized the importance of saving as a means to create future wealth and enhance living standards.
According to Sacco officials, savings not only allow members to qualify for higher loan amounts but also earn them better returns through annual dividends and interest.
Over time, the mobilization of deposits from members has continued to expand, strengthening the Sacco’s ability to provide credit facilities while rewarding savers for their commitment.
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