Jamii Yetu Sacco: Membership Requirements, Loan Options, Savings And Interest

Jamii Yetu Sacco Ltd, formerly MMH Sacco Ltd, was established in 1994 with 100 members drawn from Maua Methodist Hospital payroll staff.

In the late 1990s, the withdrawal of commercial banks from the town left members without banking services. In 1999, the Sacco introduced the Front Office Service Activity (FOSA), which became fully operational in 2000.

To sustain operations, membership was later opened to residents of the wider former Meru North District, now Igembe North, Igembe South, Tigania East, and Tigania West.

Currently, the FOSA serves over 70,000 account holders with a membership base of 35,000.

The Sacco has also participated in a project supported by the World Council of Credit Unions (WOCCU) and funded by the Bill and Melinda Gates Foundation, which focused on building the capacity of its board and staff.

How to Join Jamii Yetu Sacco

To become a member of Jamii Yetu Sacco, you need to:

Requirements

• A copy of your National ID or Passport
• A copy of your KRA PIN certificate
• One passport-sized photograph

Steps to Join

1. Obtain a Membership Form – Available on the Jamii Yetu Sacco website or at their offices.
2. Complete the Form – Provide accurate personal and employment details.
3. Attach Documents – Include copies of your ID/Passport, KRA PIN, and a passport photo.
4. Pay Fees – Submit the non-refundable entrance fee, which covers shares and the benevolent fund, as specified during the application process.
5. Submit Application – Hand in the form and documents for verification and approval.

Jamii Yetu Sacco members can access mobile banking by dialing *879# on their mobile phones.

Also Read: 2NK Sacco Society Ltd: Membership Requirements, Loan Options, Savings And Interest

Loan Options

Jamii Yetu Sacco offers a variety of loan products tailored to different members’ needs.

Members with at least two months of active membership and a good credit history can access Overdrafts, repayable within one to three months at flexible interest rates.

Advances loans are available to salaried and business members, offering up to five times their net pay or deposits for the last three months.

Farmers can benefit from specialized loans such as the Crop Advance, which is recovered directly from tea or crop proceeds, and the Milk Advance, which is repaid through milk payments channeled via the Sacco account.

Small and micro-enterprises can apply for the Okoa Biashara Loan, provided they have been making daily deposits either via Paybill, field tellers, or over the counter.

For members with seasonal needs, the Sacco provides a Christmas Advance, based on the amount saved in their Christmas account, and a Dividends Advance, issued before official dividend approval if the board confirms that the Sacco has made a profit for the year.

The Inua Biashara Loan is designed to help business members restock or boost their enterprises during peak seasons, with repayment within six months.

Digitally, members with good credit history can access the E-Loan, which requires no paperwork and is available 24/7 through mobile banking by dialing *879#.

The Sacco also offers LPO Financing for members with tenders from public or private institutions, repayable within six months.

For education support, the Masomo Loan helps students finance their studies with repayment within one year, while the Masomo Plus Loan extends repayment up to four years.

Also Read: Invest And Grow Sacco: Membership Requirements, Loan Options, Savings And Interest

Savings

Jamii Yetu Sacco provides a range of savings accounts designed to meet the needs of individuals, groups, and institutions.

The FOSA Ordinary Savings Account is ideal for members who want to grow their savings while earning interest. It requires a minimum balance of KSh 1,000, offers competitive interest rates, and allows access to mobile banking services.

The Chama/Institution Account caters to groups and institutions seeking to save collectively. It offers competitive interest rates, personalized cheque books, and mobile banking access.

For parents saving for their children under 13 years old, a Junior Savings Account is available.

With a minimum balance of Ksh 500, it offers competitive interest rates, mobile banking access, and annual events, including parties, trips, and fun days.

Children whose accounts maintain at least Ksh15,000 by April 30 each year also enjoy educational and recreational trips.

The C.E.E.P (Microfinance) Savings Account serves organized groups, merry-go-rounds, and youth groups under the CEEP products.

 It provides competitive interest rates, mobile banking access, and an end-of-year bonus.

Members who prefer long-term saving can open a Fixed Deposit Account, which allows them to lock in funds for a set period at high interest rates, with an additional end-of-year bonus and mobile banking access.

Lastly, the Holiday Account encourages members to save specifically for travel and leisure. It offers high interest rates, an end-of-year bonus, and mobile banking services, with special arrangements in partnership with travel service providers.

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