Below are details about Biashara Sacco:
Headquarter: Biashara Sacco Building, Kimathi Way
- Tel: 0794 896 210/0722 557 188
- Karatina Branch: Next to King’uku Butchery, Opp. New Market
- Tel: 0743 341 990
Othaya Branch: Center Point Plaza Opp. Stage
- Tel: 0786 549 532
- Kiawara Branch: Along Nyeri – Nyahururu Highway
- Tel: 0791 164 580
Nanyuki Branch: Elshadai Bldg, Behind Batian Hotel
- Tel: 0710 094 186
- Embu Branch: Tujenge Bldg, Opp. Kanu Offices
- Tel: 0786 186 408
Rware Branch: Rware Pharmacy Bldg
- Tel: 0775 878 198
- Mukurweini Branch: Next to Kenol Kobil Petrol Station
- Tel: 0727 045 202
Thika Branch: Along Uhuru Street
- Tel: 0721 393 784
- Nairobi Branch: Ngara Road, La Jardine Hotel Bldg.
- Tel: 0733 557 188
Mairo Inya Satellite Office: Along Nyeri- Nyahururu Highway
- Tel: 0791 164 580
- Mwea Satellite Office: Along Makutano – Meru Highway
Address
P.O Box 1895 10100
Kimathi Sreet (Near oman allu) Nyeri
10100 Kenya
MObile
Email:customercare@biasharasacco.co.ke
Telephone:0722557188
Fax: 061 203 4207
support@biasharasacco.com
sales@biasharasacco.com
Requirements
The Sacco membership is open to all throughout the republic of Kenya. To be admitted to membership one must complete the prescribed application for the membership form. The following is required of the applicant;
- Registration Kshs 2,000
- Original ID and photocopy
- Nominal Shares 50@100= 50,000
- Development Fee Kshs 200,000
- Maintenance fee Kshs 200
- Welfare Kshs 50
- Monthly Deposits Kshs 2,500
Benefits
- High rate of Dividends
- High Interest on Deposits
- A Variety of Loans
- Loans 5 times shares
- Interest loans at 10% p.a
- Right to vote
- Decision Making
- Sacco ownership
- Shares are transferable
- Door to Door Services
- M-banking facilities
- Welfare
Paybill: 400300
NORMAL LOAN
- Account Operation -6 months
- Loan granted 5 times shares
- Repayment period 6-36 months
- Interest Rate 0.833% pm on Principle
- Security –charged land/plot , Motor vehicle Savings and shares
- Waiting period- 3-7 days
BENEFITS
- Loans 5 times shares
- Interest 10% p.a
DEVELOPMENT LOAN
FEATURES:
- Account Operation -3 Month
- Loan granted 10 times
- Maximum loan-Ksh .9 M
- Repayment period 6-36 month
- Interest Rate -1% On Principle
- Security –charged land/plot,Motor vehicle Savings
- Waiting period- 3-7 days
BENEFITS
- Business Expansion
- Working capital boosting
WOMEN EMPOWERMENT LOAN
Targeted specifically for women, one needs to open and operate a women empowerment account for 3 months.
- Account Operation -3 Month
- Loan granted 10 times
- Maximum loan-Ksh .200,000
- Repayment period 6-24 month
- Interest Rate 0.875% pm
- On Principle
- Security –charged land/plot, motor vehicle savings
- Waiting period- 3-7 days
- Suitable for women above 18 years
BENEFITS
- Competitive Interest Rate.
- Empowering women
- Business Starting capital
SISI KWA SISI LOAN
FEATURES
- Instant Loan.
- Maximum loan 500,000
- Repayment period -1-6 month
- Loan interest-5% per month
- Security –charged land , motor vehicle
- Savings,
- Waiting period -8 hrs
BENEFITS
- Short waiting period
- Urgent financial need addressed.
EMERGENCY LOAN
FEATURES
- Account operation -3 month
- Security -charged land/plot, motor vehicle, savings, and shares
- Waiting period 1-3 day
BENEFITS
- Settlement of urgent matters e.g.: court cases
JIPANGE LOAN
FEATURES:
- Top Up Of Normal Loan
- Account Operation -6 Months
- Maximum loan –Kshs. 200,000
- Repayment period 1-12 months
- Interest Rate .833% per month
- On principle
- Security –charged land/plot, motor vehicle savings, and shares
- Waiting period- 1-7 days
BENEFITS
BEBA LOAN
FEATURES
- Asset Financing of
- Land/Plots/Cars / M-Bikes/Tanks Account Operation -3 Months
- Loan granted 3 times savings
- Maximum loan- 3 times savings
- Repayment period 6-36 month
- Interest Rate -1% On Principle
- Security –The Purchased Asset.
- Waiting period- 3-7 days
BENEFITS
- The loan is three times or
- 30% of asset desired
- No security required
- Asset acquired can then be used to secure a loan.
NYONGESA LOAN
FEATURES
- Top up For Biashara development loan
- Account operation -3 month
- Maximum loan 200,000
- Repayment period -1-12 month
- Loan interest-1% per month
- Security –Charged land, motor vehicle.Savings,
- Waiting period -3-7 days
BENEFITS
MALIPO LOAN
FEATURES
- For Salaried employees
- Account Operation -6 month
- Interest Rate – 1 % pm
- Maximum loan-1.5* salary
- Security –Employer
- Repayment period -1-6 month
- Waiting period-1-7 days
BENEFITS
- Employers Guarantor ship
SOKO LOAN
FEATURES
- Account Operation -3 Month
- Maximum loan-Ksh .200,000
- Repayment period 1-12 month
- Interest Rate -1% On Principle
- Security –Market stall
- Waiting period- 3-7 day
- Suitable for market traders
BENEFITS
- Market stall serves as security
CORPORATE LOAN
FEATURES
- Account Operation -3 Month
- Loan granted 10 times
- Maximum loan-Ksh .5 M
- Repayment period 6-36 month
- Interest Rate -1% On Principle
- Security –Charged land, plot, motor vehicle, saving
- Constitution and Minutes
- Original IDs and photocopies of waiting period -3-7 days
BENEFITS
- Enhance Institutions development projects
WAKULIMA LOAN
FEATURES
- Account Operation -3 month
- Agribusiness proposal
- Maximum loan-Ksh .2 m
- Repayment period 6-36 month
- Interest Rate -1% On Principle
- Security –charged land/, plot motor vehicle, Savings.
- Waiting period- 3-7 days
- Suitable for all farmers with
- A vision in Agribusiness
BENEFITS
YOUNG MEN EMPOWERMENT LOAN
FEATURES
- Account Operation -3 Month
- Loan granted 10 times
- Maximum loan- Ksh. 200000
- Repayment period 16-24 month
- Interest Rate 0.875% pm on Principle
- Security –charged land/plot ,Motor vehicle, Savings
- Waiting period- 3-7 days
- Suitable for all men Between 18 – 35 years
BENEFITS
MEDICAL LOAN
FEATURES
Account operation 3 months
- Provide supporting medical documents.
- Maximum loan – 1,000,000
- Security – Charged land/plot, motor vehicle Savings
- Repayment period-1-12 month
BENEFITS
- The facility provides easy service to member’s health needs.
SAFARI LOAN
FEATURES
- Account Operation -3 Month
- Loan granted 5 times
- Repayment period 6-24 month
- Interest Rate 0.875% pm on Principle
- Security –charged land/plot , Motor vehicle Savings
- Waiting period- 3-7 days
- Suitable for business exposure
BENEFITS
- Exploration for business opportunity
BIASCO LOAN
FEATURES
- Account operation – Immediately
- Repayment period -1-9
- Suitable for all people with insurance needs.
- Security-charged land/plot ,motor vehicle , shares
- Waiting period-instant
BENEFITS
- Timely Settlement For All Insurance Need.
OVERDRAFT LOAN
FEATURES
- Account operation 3 months
- Repayment period-1-12months
- Suitable for Business people Companies
- Institutions and Registered
- Groups
- Security-charged land/plot ,motor vehicle , shares
BENEFITS
- Convenient at own pace Interest-based on overdrawn Amount.
SHAMBA LOAN
FEATURES
- Account Operation -3 Months
- Minimum contribution -100,000
- Repayment period 3-36 months
- Interest Rate -.1% pm On Principle
- Security –purchased land
- Waiting period- 1-7 days
BENEFITS - Sacco’s plot purchase
SEASONAL LOAN
FEATURES
- Operation -6Months
- Maximum facility 3 Million
- Repayment period 3-36 months on quarterly basis
- Interest Rate -.1% pm On Principle
- Security – Security-charged land/plot ,motor vehicle , shares
- Waiting period- 1-7 days
BENEFITS
- Institutional development
- Workers Salaries
SMART MEMBER INVESTMENT LOAN
FEATURES
- Account Operation -3 Months
- Loan is 5 times deposits
- Repayment period 6-36
- Interest rate 0.833 % per annum on principle
- Security-charged land/plot , motor vehicle , shares
- Waiting period- 3-7 days
BENEFITS
- Deposits can act as Security
- One can advance to
- full membership after 3 years of operation
MORTGAGE LOAN
FEATURES
- Membership operation – 2 yrs
- Loan granted 5 times savings
- Security –plot to be developed
- Repayment period- 60 months
- Interest rate -1% per month on principle
- Waiting period-3-12 days
BENEFITS
- Grace period 3 months
- Value addition to the plot
SAVINGS ACCOUNT
It is a cost-effective and convenient method of saving your business income, salary, or farm proceeds and earns an attractive interest rate.
FEATURES:
- Account Opening Kshs 300
- Original ID and photocopy
- Minimum Acc Balance Kshs 500
- Earns interest
- Account has No Monthly Charges
- Withdrawal in seven days
BENEFITS
- Competitive interest rates on Savings
- No ledger fees
- A Variety of Loans
- ATM card provided on request
- Cheque Book
- Door to Door Services
- M-banking facilities
Open a Biashara Saving account today by talking to us on Tel. . You can also email us at customerservice@biasharasacco.com
WAKULIMA ACCOUNT
It was designed to suit farmers who earn monthly or periodical income from their sales e.g. Dairy, Tea, Coffee, Poultry, Horticulture, Rabbit, Fish e.t.c.
FEATURES:
- Account opening Ksh 300
- Original ID and photocopy
- Suitable for all farmers with
- A vision in Agribusiness
BENEFITS
- A Variety of Loans
- Loans have a grace period of 3 Months
- Can be used to purchase farm inputs and machinery such as Generators/ Water pumps/ Posho Mills etc Daily Cows/Poultry/Horticulture products etc
- ATM card provided on request
- Door to Door Services
- M-banking facilities
BEBA ACCOUNT
Designed to enable medium and small investors to buy assets like motorbikes, motor vehicles etc.
FEATURES:
- Account opening Ksh 300
- Original ID and photocopy
- Savings for 3 Months
- Asset Financing of
- Land/Plots/Cars / M-Bikes/Tanks and Biogass Products
BENEFITS
- Loan is three times or 30% of asset desired
- No security required
- Door to Door Services
- M-banking facilities
- Enhances wealth creation
- Asset acquired can then be used to secure a loan
SMART ACCOUNT
Designed to enable medium and large investors to buy assets like Lorries and other high-value assets.
FEATURES:
- Registration Kshs 1,000
- Minimum Monthly shares Kshs 1,000
- 60 days notice on withdrawal
- Dormancy is 6 months of inactivity
- Reactivation Kshs 500
BENEFITS:
- Dividends at 10%
- A Variety of Loans
- Loans 5 times savings
- Bridge to full membership
- Door to door Services
- M-Banking
SAFARI CLUB
Introduced to expose our members most of whom are business-oriented to the business world. We organize and finance the business trips. The trip will target the newly opened East African Countries, Dubai or China
FEATURES:
- Account opening Ksh 300
- Original ID and photocopy
BENEFITS:
- Loan is 5 times savings
- Business trips to countries like Dubai China, Israel, Turkey, India
- Chance to import or export goods
- Door to Door Services
- M-banking facilities
BUSINESS ACCOUNT
Designed to suit the business community whose income is on daily basis.
FEATURES:
- Account Opening Kshs 300
- Original ID and photocopy
- No minimum balance
- No withdrawal limits
- For All Business People
BENEFITS:
- Bank Overdraft facility
- Cheque Book
- A Variety of Loans
- ATM card provided on request
- Door to Door Services
- M-banking facilities
WOMEN EMPOWERMENT A/C
FEATURES:
- Account opening Ksh 300
- Original ID and photocopy
- No minimum balance
- Suitable for women above 18 years
- No ledger fees
- Suitable for Individuals, Joint or Groups
BENEFITS:
- A Variety of Loans
- Low Interest 10.5% p.a
- Door to Door Services
- M-banking facilities
- ATM card provided on request
- Cheque Book
MASOMO ACCOUNT
This was designed for those willing to save money for school fees purposes.
FEATURES:
- Account Opening is free
- Minimum Acc Balance Kshs 500
- Original ID and photocopy
- Quarterly Withdrawals
BENEFITS:
- A Variety of Loans to cater for School College or University fees
- ATM card provided on request
- Bankers and school fees cheques
- Door to Door Services
- M-banking facilities
MALIPO ACCOUNT
The Malipo account is tailored for salaried employees working in registered/reputable organizations. e.g. NGOs, Colleges, schools, supermarkets, etc.
FEATURES:
- Account Opening Kshs 200
- Original ID and photocopy
- For Salaried employees
- Civil Servants/TSC / Other
- Private organizations
BENEFITS:
- Low salary processing fee
- A variety of loans
- ATM card provided on request
- Door to Door Services
- M-banking facilities
- Monthly Check-offs and monthly pension payments
SOKO ACCOUNT
This was introduced to cater to market traders who operate at council stall/kiosk
FEATURES:
- Account opening Ksh 300
- Original ID and photocopy
- Suitable for market traders
BENEFITS
- A Variety of Loans
- ATM card provided on request
- Market stall serves
- as security
- Door to Door Services
- M-banking facilities
GROUP ACCOUNT
The above account was designed to enable groups to operate and benefit through their accounts .the group members benefit either individually or as a group.
FEATURES:
- Account opening Ksh 1,000
- Certificate of Registration
- Constitution and Minutes
- Original IDs and photocopies of Signatories
BENEFITS:
- Safekeeping of Group money
- Unlimited withdrawals
- Group Loans and Individual member loans
- Door to Door Services
- M-banking facilities
YOUNG MEN EMPOWERMENT A/C
FEATURES:
- Account opening Ksh 300
- Original ID and photocopy
- No minimum balance
- Suitable for all men Between 18 – 35 years
- No ledger fees
- Suitable for Individuals, Joint or Groups
BENEFITS:
- A Variety of Loans
- Low Interest 10.5% p.a
- Door to Door Services
- M-banking facilities
- ATM card provided on request
- Cheque Book
FIXED DEPOSIT A/C
FEATURES
- Original ID and photocopy
- To save large sums of Money From Kshs. 300,000 and above
- Fixing periods 6, 9 and 12 Months
BENEFITS:
- Can be Security for Loan
- Favorable interest rates
- Minimizes misuse of Cash
- A Variety of Loans
BOB JUNIOR A/C
FEATURES
- Account opening Ksh 200
- Suitable for Kids
- Copy of Birth Certificate of Child
- ID copy of Parent/Guardian
- Account managed by parent/ Guardian Until kid is 18 years
- Withdrawal 3 times a year
BENEFITS:
- Provided with Peggy bank Bank
- No Ledger fees
- Enhances a savings culture
- Birthday cards @ year
- Door to Door Services
- M-banking facilities
CORPORATE ACCOUNT
FEATURES
- Account opening Ksh 500
- Suitable for Companies /
- Institutions and Registered
- Groups
- Certificate of Registration
- Memorandum/Articles of Association
- ID Copies of the Signatories
BENEFITS:
- A Variety of Loans
- Cheque Books
- Door to Door Services
- M-banking facilities
- Agency Banking
Paybill:400300
On your phone go to Mpesa Menu, go to payment, select Pay Bill, enter business no 400300, Account No enter your I.D number or Account number or member number, then enter the amount you want to send and that’s it!
