Tai Sacco Society Ltd Description
Tai Sacco Society Ltd is a registered deposit-taking Savings and Credit Cooperative Society that was previously known as Kiambu Tea Growers Society Limited within the Republic of Kenya. In 2010, the Tai Sacco Society became the 3rd Sacco in Kenya to be licensed and regulated by the Sacco Society Regulatory Authority (SASRA).
In the year 2009, Kiambu Tea Growers Society Limited was rebranded to Tai Sacco Society Limited. This Re-branding was necessitated by our growth in customer base which had continued to grow and thus the need for a more encompassing name was felt. The common bond was opened and we no longer served Tea farmers only; civil servants, dairy farmers, coffee farmers, horticultural and floricultural farmers, the business community, transport industry and much more have curved in.
The name Tai is borrowed from the Swahili Language which means an Eagle. An Eagle is well known for its conspicuous characters and values. On realizing that our behavior, character and are like those of an eagle. We declare to become an eagle and so we became.
At Tai Sacco, we are able to shed off what bars us from mounting up. Thus our driving force is Isaiah 40: 30-31…. They that wait upon the Lord shall renew their strength. They shall mount up with wings like eagles. The SACCO has continued to enjoy tremendous growth in membership and geographical coverage which has become a strong superimposed pillar that supports all-inclusive membership.
Cooperative Society Vision
To be the Financial Institution of choice in positively transforming livelihoods and enterprises.
Cooperative Society Mission
We exist to satisfy our customer’s needs by offering innovative products in the most efficient and effective way.
Cooperative Society Core Values
♦ Customer Focus
♦ Team Work
Tai Sacco Society Ltd Loan Products and Services
BUSINESS LOANS AND ADVANCES:
The SACCO has both short term and long term Business Loans and advances that help your business to meet its financial needs. To make repayments suitable for your business, monthly installments are matched to your business’ cash flows.
♦ Biashara Loan
♦ Asset Financing
♦ Inua Biashara
♦ Chap Chap Loans
♦ Miradi Loan
SALARY AND PENSION LOANS:
These loans are available and ideal to all account holders who channel their monthly salary or pension through Tai Sacco.
CHAMAA / GROUP LOANS:
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This product is tailor-made for registered groups with a common project. Group members are funded by the use of the co-guarantee mechanism. (Government Funds including Youth Fund, Women Enterprise Funds and Coffee Development Fund (CODF) are channeled through our Sacco.)
AGRI BASED LOANS AND ADVANCES:
These are advances given to members whose proceeds from farming, that is; cash crops (tea, coffee, etc.) or animal products (dairy, etc.) are channeled through Tai Sacco.
♦ One Month Advance
♦ Mid-term Advance
♦ Special Advance
♦ Emergency Loan (1yr)
♦ School Fees Loan
♦ Development Loans (3yrs)
♦ Kahawa Advance
Tai Sacco Society Ltd Saving Accounts
♦ BUSINESS ACCOUNT:
These Accounts are favorable for business entrepreneurs, who enjoy comfortable and easy access to saved funds. By attaching the account to your mobile phone, you can transact your account conveniently from wherever you may be. You can open as an individual, partnership business or a company.
♦ CHILDREN’S ACCOUNT:
The aim of this account is to cultivate a saving culture in children of tender ages by encouraging financial awareness in the child.
♦ FIXED ACCOUNT:
♦ HOLIDAY ACCOUNT:
Open a holiday savings account and enjoy during the festive seasons
♦ MICRO-CREDIT (GROUP ACCOUNT):
This product is tailored to suit the needs of investment registered groups.
♦ ORDINARY SAVING ACCOUNT:
Tai Sacco Society Ltd Sacco Assurance Agency
The SACCO has opened an Insurance Agency to bring Insurance services closer to you. The Insurance Agency stands at an advantage due to:
♦ Convenience – with our “one-stop-shop” for financial services you can also get your insurance requirements met at the same time
♦ Choice– offering the best insurance products from well-known insurance companies.
♦ Flexible-Premium payment plan – Insurance Premium Financing (IPF) facility comes in handy where it is paid through monthly installments.
♦ Competitive premium quotations
♦ Professional advisory services on underwriting and claims processing.
♦ Renewals of your insurance cover in advance before the expiry date.
♦ In realization of all this, we a Sacco Assurance Desk within our banking hall across all our Branch network.
Medisure Health Plan – Family:
The Medisure Family Health plan is an in-patient medical insurance policy designed with the objective of meeting prevalent medical needs for individual persons and their nuclear family members. The cover is tailored to provide adequate protection against a wide range of hospitalization expenses arising from both illness and accident, including chronic conditions and HIV/AIDS-related illnesses. It offers a comprehensive, flexible and affordable health cover that will give your family peace of mind from as little as Kshs. 5,000 per year.
Livestock policy compensates against the death of insured livestock as a result of various perils namely; uncontrollable diseases, including epidemics, calving down, accidents, emergency slaughter on medical grounds and fire and related perils including:
♦ Accidents – biting by wild animals,
♦ Uncontrollable Diseases – epidemics
♦ Birth complications –
♦ Fire & related perils
♦ Emergency slaughter on medical grounds
♦ Hygiene related diseases example; Mastitis
♦ Food poisoning – contaminated feeding (this must be verified by a registered veterinary officer)
♦ Not well fed – malnutrition
♦ Comprehensive credit life cover for the Insured borrower against:
♦ Death and permanent total disability
♦ Inbuilt Funeral Expense Cover for Spouse and children
♦ The weekly benefit to the principle member
Lady Auto Insurance:
This product targets feminine gender motorists who can claim for loss of their personal effects like a handbag and its contents in the event of an accident or theft of an insured motor vehicle.
Motor Commercial Plus:
An enhanced policy designed for heavy commercial vehicles. It provides for a tracking facility as well as taking care of loan repayments while the vehicle is under repair, among other extras.
Japanese Pension Plan:
Jipange Pension Plan is a registered individual pension scheme as per the requirements by the Retirement Benefits Act (Kenya). This product is tailor-made to suit people in various demographics such as.
Academia Education Plan:
Academia is a savings policy that enables members to make available finances to meet the future educational requirements of your children. Quality education equips your child(ren) with everything they need to enable them to achieve economic freedom and make their dreams come true. Therefore, your child’s education is therefore a top priority.
The cost of a child’s education is one of the biggest costs that a family faces today. They are also faced with uncertainties like disabilities or untimely loss of the parents which can interrupt the child’s education. That is why the academic plan is a tool to protect your child’s future should be anticipated and planned today.
Tai Sacco Society Ltd Contacts
Gatundu North District
Tai Plaza and the West End
Tel 0736 91 65 64Tel:0706 860 096
In Kigumo Shopping Centre
Tel: 0773 721 037
Marafique Building – Ground Floor
Opposite CFC bank
Gatundu South District
Tel 0736 91 66 00
Kagwe Town, Lari District,
Along Kagwe – Kimende Road
Behind Post Office
Tel 0725 99 29 02
Along Mwihoko RD opposite Star Mart Supermarket.
Tel:0706 860 096