Below are the important details you need to know about Dimkes Sacco:
SAVE AND GROW WITH US
Fosa Savings Products
Current/Deposit A/C
- Members can deposit and withdraw on demand.
- Overdraft services available.
Smart Savers A/C
- Is a savings product that earns competitive interest.
- Withdrawals are limited to once per three months(quarterly).
- Has no account maintenance fees.
Fixed deposit Account
- Minimum amount of Shs 50,000.
- Period -One Month, Three months, Six months, and one year
- Negotiable interest rate.
Call Deposit Account
Similar to fixed deposits but the account holder can Withdraw on notice (min 7 days notice)
Cheque Book
An individual account or group holder can request for personalized cheque book from any of our branches
Junior Star Account
An account meant for young kids below the age of 18 years.
- Account opening fee of Ksh 500.
- Competitive interest rates payable to accounts holding a minimum balance of Ksh 5000.
- Free bank statement every 3 months upon request.
- Free standing orders from parents/guardians A/C.
- Free bankers cheque for school fees payment.
- Cannot access loans until the account holder is 18 years and above.
Opening Requirements
For the child
- Original & Copy of birth certificate.
- Passport photo.
For the Parent/Guardian
- Original & Copy of ID or valid passport.
- Passport photo.
Asset Finance
This is a short to medium term loan granted to customers for purchase of capital assets, mainly Motor Vehicles, construction equipment, industrial plant & machinery, agricultural equipment and Land.
Loan Features
- Financing of up to 85% of the asset or as guided by loan to
value (LTV) for collaterals. - Maximum repayment period is 36 months and 60 months depending on the asset
- Minimum Sacco membership is 3 months, active current account & savings.
- Interest rate is from as low as 13.5% p.a reducing balance
- Processing fee is 2%, Insurance 0.7% p.a
- Security – Log book, Title deed and Machinery
Elimu Loan
This loan is meant for educational advancement. It may be taken out by parents/ guardians to pay for their students or individual members who want to pursue education.
Loan Features
- Max amount is up to 4 times the savings
- Maximum repayment period is 36 months
- Minimum Sacco membership is 6 months
- Interest rate is 12% -13% p.a reducing balance
- Processing fee is 1%, Insurance 0.7% p.a
- Security – own shares and guarantors
BOSA & FOSA Development Loan
BUILD OR PURCHASE WITH EASE
This is a product designed to enable our clients access funding towards:
- Purchase of a house
- Construction of residential and or commercial buildings
- Business development
BOSA Development Loan Features
- Max amount is up to 4 times the savings
- Maximum repayment period is 48 months
- Minimum Sacco membership is 6 months
- Interest rate is 12% -13% p.a reducing balance
- Processing fee is 1.5%, Insurance 0.7% p.a
- Security – own shares and guarantors
FOSA Development Loan Features
- Maximum repayment period is 72 months
- Minimum Sacco membership is 3 months, active current a/c & savings.
- Interest rate as low 13.5% p.a. reducing balance
- Processing fee is 2.5%, Insurance 0.6% p.a.
- Security – Log book and Title deed
Mkulima Loan
Do you need to purchase farm inputs such as fertilizers, chemicals, machinery hiring, labor and harvesting costs? All you need is to have made share contributions for a period of six months to qualify!
This loan is for farming purposes.
Loan Features
- Max amount is up to 4 times the savings
- Maximum repayment period is 36 months
- Minimum Sacco membership is 6 months
- Interest rate is 12% -13% p.a reducing balance
- Processing fee is 1.5%, Insurance 0.7% p.a
- Security – own shares and guarantors
Salary Check-off & Salary Advance Loans
ACQUIRE SHORT TO MEDIUM LOANS WITH EASE
Salary Check-off Loan
This is mainly for salaried members to cater for their personal needs and developments
Loan Features
- Max amount is dependent on 2/3 of the salary
- Max repayment period is 60 months but cannot exceed retirement
- Minimum Sacco membership is 3 months’ salary remittance
- Interest rate is 14% – 16% p.a reducing balance
- Processing fee is 2.5%, Insurance 0.7% p.a
- Security – Salary
Salary Advance Loan
This is mainly for salaried members to cater for their personal needs and developments
Loan Features
- Minimum Sacco membership is 3 months. Salary credited for a minimum of 3 months.
- Maximum amount is dependent on 2/3 of the salary.
- Maximum repayment period is 3 months.
- Interest rate is 5% p.m. reducing balance.
- No processing fee, Insurance fee 0.7% p.a.
- Security – Salary
Loan Purchase Product
This product is for members who wish to trade expensive loans for cheaper loans.
Loan Features
- Loan being purchased must be performing for a period of not less than 6 months.
- Maximum repayment period is 72 months.
- Interest rate as low as 13.5% p.a. reducing balance.
- Processing fee is 2.5%, insurance 0.7% p.a.
- Security – Title deed or Log book.
LPO Loan
This product is for members with verifiable LPOs and tenders from trusted clients/firms.
Loan Features
- Maximum amount is 75% of the LPO.
- Maximum repayment period is 6 months.
- Minimum Sacco membership is 3 months. Active current account for 3 months.
- Interest rate is 2.5% p.m. on reducing balance.
- Processing fee is 2.5%, Insurance fee 0.7% p.a.
- Security – Title deed or Log book.
Medical Loan
This is a loan designed to enable members take care of their emergency medical expenses
Loan Features
- Max amount is up to 4 times the savings
- Maximum repayment period is 36 months
- Minimum Sacco membership is 6 months
- Interest rate is 12% -13% p.a reducing balance
- Processing fee is 1%, Insurance 0.7% p.a
- Security – own shares and guarantors
Landlord Loan
The loan allows members who are landlords to carry out construction and renovations (repairs, painting etc)
Loan Features
- Maximum amount is 2 million
- Maximum repayment period is 36 months, loan repayment amount should not exceed 70% of the average 6 months’ rent
- Minimum Sacco membership is 3 months and rent remittance
- Interest rate as low as 13.5% p.a. reducing balance
- Processing fee is 2.5%, Insurance 0.7% p.a.
- Security – Deed of assignment of rental income or title deed
- Rent must be channeled through Dimkes
Rent Advance Loan
Loan for landlords’ personal needs and emergencies, land rates and rent
Loan Features
- Maximum amount is 500,000
- Maximum repayment period is 3 months, amount should not exceed 50% of rental income.
- Minimum Sacco membership is 3 months and rent remittance.
- Interest rate is 16% p.a. reducing balance.
- Processing fee is 1%, Insurance 0.7% p.a.
- Collateral – Deed of assignment of rental income.
- Rent must be channeled through Dimkes.
Chama Loan
Chama loans are designed to enable registered self-help groups, welfare and investment groups to acquire loans for wealth creation of its members
Loan Requirements
- Group must be registered with the relevant authority
- Membership of Group shall be at least 10 members
- Group shall provide minutes authorizing the application of a loan facility which shall be stamped and certified by oversight ministry.
- At least 2/3 of group members must sign the minutes
- Group must have saved consistently for a minimum of six months.
Loan Features
- Maximum amount is 1 million
- Maximum repayment period is 36 months
- Minimum Sacco membership is 6 months
- Interest rate is 15% p.a reducing balance
- Processing fee is 2%, Insurance 0.7% p.a
- Collateral – Shares and personal guarantee & indemnity for amount up to 1 million and tangible security (Log book and Title deed) for amount above 1 million.
- Repayment should not exceed 90% of monthly savings in current and share account.
We have a registered paybill account with Safaricom NO:804800 through which our clients can make deposits and loan repayments directly into their accounts.
- Scroll down to M-PESA menu on your phone,
- Choose pay bill from the Lipa na m-pesa menu,
- Enter DIMKES business number—-804800
- Enter amount
- Enter account number
- Enter the secret PIN and press OK
- A summary page appears with details of your payment
- Press ok to complete the transaction
Account number prefixes (note this is to be typed before your account number for the preferred transaction)
- SN — Normal shares
- LN— Normal loan
- LF— Fosa loan
- DN— Deposit Account
- LE — Emergency loan
Head Office
Bishop Magua House Fifth Floor
Kiambu( next to ACK St. James Cathedral)
P.O Box 886-00900 Kiambu
Mobile: 0111 033100 / 0719 212730
info@dimkessacco.co.ke
Our Branches
- Ngong Branch—-0111 033 160
- Kikuyu Branch—0111 033 171
- Kiserian Branch—0111 033 191
- Nairobi Branch—0111 033 161
- Kangemi Branch—0111 033 140
- Limuru Branch–0111 033 152
- Wangige Bishop Kariuki Centre—0111 033 165
- Wangige Town Branch—0111 033 145
- Banana Branch—0111 033 170
- Githunguri Branch—0111 033 180
- Ruaka Branch—-0111 033 190
- Kimende Branch—-0798 363 750
One needs to visit any of our branches and physically fill in the registration certificate. You need to come along with your original ID, copy of ID, recent colored passport and 500ksh.
When using the website to register, one has to FIRST register on our portal then proceed to registering as a new member. Once you have completed the process, you will get an email confirmation and feedback from our customer service officer regarding your account number
One qualifies for a loan on the BOSA side after six months where we shall issue you with a loan which will be times two of your savings then you shall be given two years to repay back with an interest of 1% reducing balance.
Afterwards we shall be giving you loans times 3 of your saving and repayment period will be 3years.
For those operating a deposit account you also can qualify for a loan but your account ought to be active, we shall ask for previous bank statement and security which can be a log book, title deed and one will incurer 1% processing fee and 10%of the 1% excess duty.
A member can make deposit over the counter; a member can make payment via our pay bill number which is 804800 or can use standing order or our swift codes.
Yes we do have a customer care desk and the number one can call for enquiry is 0111033100 / 0719 212730.
Family Bank – 001000021377
Equity Bank – 0640299397358
Cooperative Bank – 01120063259300
