Yetu Sacco Reviews: How to join Yetu Sacco, List of Accounts and opening requirements, loans, customer care contacts, dividends and Paybill Number

• Dully filled membership form
• Attach ID/Passport
• Attach Copy of KRA Pin Certificate
• Passport size photograph
• Know your Customer(KYC)

Phone

• 0724114444
• +254 64 5051399

Email

info@yetusacco.co.ke.
sitsacco@yahoo.com

Opening Hours

• Mon – Fri: 8:30AM – 4:00PM
• Saturday: 8:30AM – 12:00PM

Location

• Head Office,
  Yetu SACCO House,
  P.O Box 511-60202,Nkubu.

Nkubu Branch

• +254 (0) 64 5051399
• Opp. Methodist Church, Mikumbune Rd, Nkubu

Nairobi Branch

• +254 (0) 20 218 1909
• Magamano Building, Ground Flr, Lagos Rd Nairobi

Meru Branch

• +254 (0) 20 200 1119
• Meru Town

Kitengela Branch

• +254 (0) 20 800 6078
• Kitengela Branch

Kionyo Branch

• +254 (0) 20 800 6078
• Kionyo Market

Kinoro Branch

• Kinoro Market
• +254 (0) 20 2o26143

Chuka Branch

• +254 (0) 64 5051399
• Chuka Town

Faida Account

For those who wish to grow their savings into something more rewarding, we recommend the Faida Savings Account. You can watch your money grow at no cost. 

This product allows you to build your savings in a simple and friendly manner.

Features:

• The account has limited withdrawals
• An initial deposit of Ksh 1000 is required
• The minimum operating balance of the account is Ksh 1000
• The account isn’t charged maintenance fees

Benefits:

• Free maintenance services
• Attractive interest rates
• Free statements twice a year

Hazina Account (Agribusiness-Tea Based)

Hazina account is ideal for the tea farmers. The account supports both the large Scale and Small scale farmers.  The Hazina account offers you affordable banking since you can run your monthly Tea Payout as well as the Bonus on this account. 

Enjoy financial freedom with an account that can be accessed conveniently anywhere and anytime. You get to deposit and withdraw any amount of money at your convenience.

Features:

• The account has unlimited withdrawals throughout our multiple service outlets
• There are no ledger fees charged
• The minimum operating balance is Ksh 1000
• Competitive Interest rates

Benefits:

• You gain access to credit facilities
• You gain access to ATM facilities
• There is instant SMS on credit entry

Bakisha Account

This is a daily deposit taking savings account that allows you to save from the remnants of your daily expenditure

Features:

• No initial deposit/account maintenance fee
• Daily deposit collection at your doorstep
• Your account can be used to appraise members for loans

Benefits:

• Unlimited withdrawals
• Access to loan facilities
• Services at one’s business point
• Access to ATM facilities

Biashara Account

This is a special product designed to embrace the unique needs of our business operators.

Features:

• Accepts bulk deposits
• Allows frequent withdrawals
• Has a minimum operating balance of Ksh 400

Benefits:

• Access to an ATM card
• Unlimited withdrawals
• Access to loan facilities
• External cheque book provided

Yetu Junior

This is a unique product designed to make your child financially stable by exposing him/her to the saving culture from as early as 1 day old to 18 years of age.

Features:

• No ledger fees
• Minimum operating balance of Ksh 100 
• Limited withdrawals or at an emergency

Benefits:

• Free school fee cheques for the child
• Attractive interest rates
• Yetu junior piggy banked provided
• Annual fun fair/complementary educational tour for active Yetu Junior savers
• Free initial standing orders

Requirements:

• Birth certificate/notification or baptism of the child
• ID photocopy of the parent or guardian

Akiba Account( Fixed Deposit)

This is a contractual account designed to embrace those with a passion to invest in finance.

Features:

• Accepts fixed deposits
• No withdrawals before lapse of agreed period or interest is forfeited

Benefits:

• Best interest rates
• Has a renewable contract
• Interest rates payable upon maturity
• Negotiable Interest rates

Kilimo Account( Dairy Based)

Keep the income from your dairy income products safe and be assured of encouraging interest rates

You must be a dairy farmer to qualify.

Features:

• Payout is channeled through the Sacco
• Unlimited withdrawals
• Minimum operating balance is Ksh 100

Benefits:

• Access to credit facilities
• Free account maintenance

Mapato Account

With a Mapato Account you can easily manage your Salary as well as get financial aid. Open a Mapato account, channel your salary through it and let your pay slip open doors for you 

Features:

• No initial deposit is required
• Allows several transactions in the same day
• Minimum operating balance is Ksh 100

Benefits:

• You can access your money24/7
• You are granted access to ATM facilities
• Enjoy unlimited withdrawals
• You gain access to Salary loan facilities
• Instant sms on credit entry

Coffee Account: (Agribusiness- Coffee Based)

Coffee account is ideal for the ambitious Coffee farmers. The account caters for both the seasoned and the large-scale farmers.  Through the   provision of affordable banking and credit facilities, the account is crafted to help the farmer realize a smile off his cherries. 

Features:

• No ledger fees
• Minimum operating balance Ksh 100
• Unlimited withdrawals

Digital Account

Vijana tujipange!!

Plan for your future by laying a good savings foundation as you set out to achieve your financial ambitions

Features:

• No initial deposit
• Unlimited withdrawals
• Access to credit facilities

Benefits:

• Access to ATM facilities
• Free account maintenance

Corporate Account

This is an account that responds to the saving requirements of registered organizations and institutions.

Features:

• No ledger fees
• Bulky deposits accepted

Benefits:

• Instant SMS on credit entry
• External cheque books
• Unlimited withdrawals
• Free statements on request

Elimu Loan

What is Elimu Loan?

This is a unique product designed to embrace all needy students in primary, secondary and college levels

Features:

• Attractive interest rates
• Repayment period of up to 24 months for college and 12 months for primary and secondary schools

Requirements:

• Student’s admission letter (stamped and signed)
• Fee structure for the whole year (stamped and signed)
• Shares and guarantors

Kilimo Loan

You can overcome your challenges with a lot of ease and a smile because we listen to you and care for your projects.

Features:

• Repayment period of up to 36 months
• Loan advance of 5 times your shares
• Attractive interest rates on reducing balance

Requirements:

• Be a shareholder
• Dairy payout channeled through the sacco
• Last three months payout

Msingi Loan (Farm-Based Produce)

This is a loan facility tailored to suit the development demand of our farmers.

Features:

• Repayment period of up to 36 months
• Guided by your ⅔ rule of your three months payment
• Attractive interest rates on reducing balance

Requirements:

• Last three tea bonuses
• Current pay slip
• Three guarantors and a witness

Salary Loans (Mapato Salary Loan)

This product is tailored for the salaried members. We offer low interest Salary Loans as well as Check Off Salary Loans for TSC, Civil Servants and Other government employees. 

Features:

• Repayment period of up to 48 months
• Super Mapato- Upto 96 Months
• Guided by the ⅔ rule
• Attractive interest rates on reducing balance

Requirements:

• Current 3 months pay slip
• Shares and guarantors/securities

L.P.O Financing

This is a loan facility ideal for suppliers and contractors who access tenders.

Features:

• Repayment period of up to 12o days, or three months guided by the L.P.O
• Attractive interest rates

Requirements:

• Local Purchase Order (from a recognized institution, stamped and signed)
• Be an account holder with the Sacco.
• A committal letter signed by the applicant(s) and the awarder(s) security/guarantors/shares.
• Payment should be done through the Sacco.

Micro Finance Loan

This is an independent wing that deals with groups that need financial assistance to achieve their set goals.

Features:

• Instant loans
• Loans in multiples of 4 up to 10 times one’s savings
• Friendly interest rates
• Mortgage loan
• Dividends advance
• Insurance policy advance

Requirements:

• Legally registered self-help group
• Open a group account
• Open individual accounts
• Savings for eight weeks

Mortgage Financing And Construction

The target of this loan product is to help sacco members to be home and real estate owners in a more convenient and competitive manner

Features:

• Copy of signed Sale Agreement between the borrower and the vendorto be submitted to the sacco’s most current copy of the title deed
• The borrower MUST have clear and proven source of repayment already existing income streams that are sufficient to meet expected repayment.
• The security to be by way of first legal charge on the property being financed and/ or another property
• Loan secured by the plot is 30% and the house 70%
• Property to be valued by a valuer on the Sacco’s panel

Requirements:

• Original Bill of Quantities prepared by a registered Quantity Surveyor
• Project Implementation Schedule (Contractor’s Work Plan) detailing all activities and scheduled time frames
• Building contract agreement between borrower and contractor

Insurance Premium Financing​

This is a product tailored for motor vehicle or machinery owners seeking to insure against risks

Features:

Lorem

Requirements:

• A member must be in an operating sacco
• Account must be operational for atleast three months
• Customers/members with evidenced repayment cash flows
• Customers/members with satisfactory account conduct

Overdraft

This is a convenient way to ensure that Yetu Sacco members have an easy process when doing business.

Features:

Lorem

Requirements:

• The account must be active atleast 3 months
• Fill in overdraft

Biashara loan

This is the safest way to boost and expand your business. A biashara loan addresses every monetary concern of your business including those that may arise.

Features:

• Repayment period of up to 36 months
• Attractive interest rate on reducing balance

Requirements:

• An active account for three months
• Shares to be contributed on application
• Security(collateral) accepted
• An existing business

Asset Finance

We offer Asset Finance Loans ideal for members looking to own assets like land or cars. Our Low Interest  Asset Loan allow one to pay for the Asset for a period of upto 60months.  

Features:

• Must be an active account holder for a period of atleast 3 months
• Loan is usually 10 times of the deposit
• Repayment period of up to 60 months

Requirements:

• Security should be fully charged with the appropriate authorities
• For matatu business, the member should be registered under a Sacco

The Mpesa Paybill Number for Yetu Sacco is 512100