Below are important details about Skyline Sacco:
- Go to “M-Pesa Menu” menu on your phone.
- Select Pay Bill
- Type in Skyline Sacco Paybill Number- 116519
- Type your Skyline Sacco Membership number followed by S01 (e.g. 10012345S01 or 2080000S01)
- Enter the amount you wish to deposit
- Enter your M – Pesa PIN number
- Confirm details are correct and press OK
- You will receive two SMS notification on your phone, one from Safaricom and another one from Skyline Sacco Society Ltd
| HEAD OFFICE & HEAD QUARTERS SKYRIZE PLAZA Opposite Kobil Petrol Station, P.O. BOX 660 – 20103, Eldama Ravine, Kenya Tel. +254 717 594 084, +254 705 450 369, Contact Centre 020 8409999 |
|
| ELDAMA RAVINE BRANCH SKYLINE PLAZA – Eldama Ravine Town P.O. BOX 660 – 20103, Eldama Ravine, Kenya Tel. +254 717 594 338, MUMBERES BRANCH Along Nakuru – Eldoret Highway Opposite Mumberes FCS Road MUMBERES Town P.O. BOX 660 – 20103, Eldama Ravine, Kenya Tel. +254 113 723 762 ESAGERI BRANCH KIPTOIM FCS Building Along Eldama Ravine – Nakuru Road P.O. BOX 660 – 20103, Eldama Ravine, Kenya Tel. +254 115 823 828 MARIGAT BRANCH Opposite Town Plaza MARIGAT TOWN P.O. BOX 660 – 20103, Eldama Ravine, Kenya Tel. +254 795 468 999 EMINING BRANCH EMINING TOWN P.O. BOX 660 – 20103, Eldama Ravine, Kenya TEL. +254 115 993 23 TORONGO BRANCH TORONGO FCS Building – Torongo Town Along Eldama Ravine – Eldoret Highway P.O. BOX 660 – 20103, Eldama Ravine, Kenya TEL. +254 113 837 577 MOGOTIO BRANCH MOGOTIO FCS Building – Mogotio Town P.O. BOX 660 – 20103, Eldama Ravine, Kenya TEL. +254 758 619 981 KAMPI YA MOTO BRANCH KAMPI YA MOTO – Along Kabarak – Ravine Highway P.O. BOX 660 – 20103, Eldama Ravine, Kenya TEL. +254 768 645 488 KABARNET BRANCH KOSACH KOSACHI KAA Building – Kabarnet Town P.O. BOX 660 – 20103, Eldama Ravine, Kenya TEL. +254 769 605 145 KAPSABET BRANCH KCB Building – Kapsabet Town P.O. BOX 660 – 20103, Eldama Ravine, Kenya TEL. +254 110 035 641 FLAX BRANCH Chemoyai Building Along, Flax Centre P.O. BOX 660 – 20103, Eldama Ravine, Kenya Tel. +254 113 082 636 NAKURU BRANCH VICKER’S Building Along Kenyatta Avenue, Opp Westside Mall P.O. BOX 660 – 20103, Eldama Ravine, Kenya Tel. +254 113 888 125 KITALE BRANCH Standard Business Centre Building, Along Kenyatta Avenue, Next To Absa Bank Bank P.O. BOX 660 – 20103, Eldama Ravine, Kenya Tel. +254 113 445 944 |
|
Development Loan
Features
- Maximum multiplier of 4 shares deposits held
- Maximum Repayment period is 48 Months
Eligibility
- Must have active account with us for at least four months
- Must have contributed Sacco shares for at least four months
- Active ordinary savings account
- Not a defaulter in any other financial institution
School Fees Loan
Features
- Payment of College/School fees
- Repayment Period – 12 Months
- Repayment Method – MONTHLY
- Disbursement within 24hours
- Loan should not exceed 4 times Deposit held
Eligibility
- Must have active account with us for at least four months
- Must have contributed Sacco shares for at least four months
- Active ordinary savings account
- Not a defaulter in any other financial institution
Emergency
Features
- Caters for only emergency cases
- Repayment Period – 12 Months
- Loan consideration and disbursement is daily
- Total loan should not exceed 4 times Deposits held · Granted on top of other loans
Eligibility
- Must have active account with us for at least four months
- Must have contributed Sacco shares for at least four months
- Active ordinary savings account
- Not a defaulter in any other financial institution
Boost Loan
Features
- Loan multiplier is x3 times for 1st loan, 2nd and any subsequent multiplier x4 on merit the savings held.
- Repayment Period – 36 Months
Eligibility
- Must have active account with us for at least four months
- Must have contributed Sacco shares for at least four months
- Active ordinary savings account
- Not a defaulter in any other financial institution
Sky Kilimo Chai
The product targets tea farmers from Nandi County, Uasin Gishu, Elgeyo Marakwet and its environs who supply proceeds to factories for processing.
Eligibility
- Farmers with tea in their farms
- Farmers who supply tea to factories with signed agreement with Skyline Sacco
- Active bank statement for at least 1 month
- Members who channels
- Recovered once when payment is made
- Must have active account with us for at least four months
- Must have contributed Sacco shares for at least four months
- Active ordinary savings account
- Not a defaulter in any other financial institution
Dividend Advance
Targeting All members Having Shares Deposits
Eligibility
- Must have contributed Sacco shares for at least four months
- Active ordinary savings account
- Not a defaulter in any other financial institution
Ordinary Saving Account
Features and benefits
This savings account is the primary account for all our members
- Minimum balance 200
- Account holder has access to all credit facilities with flexible terms
- Account holder gets Verve Debit card
- The Debit card can be used to make purchases from authorized dealers i.e. supermarkets, petrol station
- Salary processed through this account.
- Personalized Cheque Book
- Interest on credit balances
- Access To M-banking Services
- Free inter-account standing orders
- Zero Operating Balance
- Access to Internet banking
Penda Junior Account
Features and benefits
This account aims at instilling a savings culture in children at a young age. Teach your child that every coin counts.
- Account for customers aged 18 years and below
- Account Opening is free
- Minimum operating balance of Kshs 500/-
- Withdraw limited to 3 times per year
- Interest earning threshold 3,000
- Annual fun day for Penda Juniors Savers
- Free intra-account transfer
- Free annual e-statement
- Free school Bankers Cheque
Bishara Saving
Features and benefits
Whether you are looking to grow, or just started out as an entrepreneur, we understand you require flexible and easy access to your funds. Bring your business plans and operations to life and stay open for business with the Biashara Current Account.
- Access to personalized Cheque book facilities Monthly
- Interest on credit balances
- Free inter-account standing orders
- Access to advances at an affordable charge
- Access to Verve Debit Card
- Minimal initial deposit and zero operating balance
- What’s more, you get to transact conveniently from home or at the office with our mobile banking from wherever you are.
Mwangaza Saving
Features and benefits
Enabling one to lock their savings according to ones objective as well as grant consistent savers opportunity to earn interest
- Competitive interest payable
- Minimum interest earning amount Kshs 5,000
- Free standing orders
- No Opening Balance
- Zero Operating Balance
- Ability to lock ones savings based one’s goal
- 3 free withdrawals per year
- Minimum balance 200
Bidii Saving
Features and benefits
This account designed to cater for your vacation needs, events or fees activities.
- Minimum balance 200
- Operating balance of ksh 500
- Attractive interest rate
- No initial deposit
- No ledger fees charged on this account
- Free internal standing order
Fixed Deposit
Features and benefits
Do you have money lying around, in banks, or hidden somewhere that you don’t intend to use in the near future? If yes, then this is a must have an account. It allows you to fix your money for a set duration and have it earn interest at very high competitive rates
- You Can Fix as low as Ksh 1,000
- Flexible fixing periods
- Cash deposits or direct transfers from Savings Account
- Relatively higher returns
- Withdrawal/renewal upon maturity of contract
Institutional Staff Loan
The product targets staff from all sectors that channel salaries through skyline Sacco.
Eligibility
- At least channel salaries for 4months
- Authorization from company appointed person
- Should have standing order for monthly shares deduction
- Members who salaries through skyline loaning
- Based on 2/3 basic rule
- Employee should attached dully signed 3months pay slips
- Deduction of ¼ to shares from loan applied or the difference
- Attached a signed contract letter with employer until completion of loan
Institutional Group Loan
The product targets institutions like churches, schools, dips and organized groups
Eligibility
- Active bank statement for at least 4months
- Should be registered by Authorization
- Should have standing order for monthly shares deduction
- Members should have common objective loaning
- Based institutional group shares
- Multiplying factor 4 times
- Deduction contribution for at least 4 months
- In case of micro credit no loan will be issued if individual member has defaulted loan
- Business proposal plan and projection should be attached
- Group official should dully sing the loan for and attach id copies and 1 coloured passports
Milk Advance
All dairy farmers channeling produce through marketing society
Eligibility
- A member should have channeled an income through FOSA A/C for a period of 1 (one) months
- Advance is given on the basis of ½ (half) of net income for the previous month (unpaid produce)
- Advance is issued instantly after approval. Member’s income MUST be certified/ Approved by marketing society
Salary Advance
All staff from any institutions, channeling salaries through skyline Sacco.
Eligibility
- A member should have channeled an income through FOSA A/C for a period of 1 (one) months
- Advance is given on the basis of ½ (half) of net income for the previous month (unpaid produce)
- Salary advanced should be approved by the employer
- Advance is issued instantly after approval
Baloon Advance
It’s a long term advance for staff from any institutions, channeling salaries through skyline Sacco.
Eligibility
- A maximum repayment period of six months is allowed
- In case of any default the shares held in the Sacco shall be used to offset the said default
- My guarantors’ deposits are to be used in case of any default
- Account should be active for more than one month
Shepherds Loan
This Product targets Pastor from all denominations that channel salaries through skyline Sacco.
Eligibility
- At least channel salaries for 4months
- Authorisation from church appointed person
- Should have standing order for monthly shares deduction
- Members who salaries through skyline loaning
- Based on 2/3 basic rule.
- Deduction of ¼ to shares from loan applied or the difference
- Attached a signed contract letter with employer until completion of loan
Security
- Shares
- Guarantors
- Charged collaterals log books, title deeds
Surplus Loan
Farmers dealing with short season crops. E.g vegetable, tomatoes, potatoes and others
Eligibility
- A maximum repayment period of six months is allowed
Sky Biashara
Its long term advances for business community
Eligibility
- A maximum repayment period of six months is allowed
- Sky Biashara loan is three times of shares. Eligibility is in respect with cash-flow
- In case of any default the shares held in the Sacco shall be used to offset the said default
- My guarantors’ deposits are to be used in case of any default
- Account should be active for more than six (6) months
Sky Biashara Plus
It’s an advances product for wholesalers
Eligibility
- A maximum repayment period allowed is ONE (1) Month
- In case of any default the shares held in the Sacco shall be used to offset the said default
- Should have standing order for monthly shares deduction
- My guarantor’s deposits are to be used in case of any default
- Fosa Account should be active for more than six (4) months
Sky Kilimo Chai Advance
All Tea farmers Channeling Income through skyline
Eligibility
- A member should have channeled an income through FOSA A/C for a period of 1 (one) months
- Advance is given on the basis of ½ (half) of net income of the previous month (unpaid produce)
- Advance is issued instantly after approval. Member’s income MUST be certified/ Approved by factory society
This Service allows you to carry out withdrawals at any of 1000 Verve Connect ATMs. With the 555 555 agent number, you are able to access M-Pesa withdrawal services at any Verve branded ATM and Agents in Kenya this also include our ATM at SKYRIZE Plaza – Head Office Opp. Kobil petrol station.
You can withdraw up to Ksh. 140,000 at once on your M – Pesa.
You can enjoy a faster, convenient, and secure way to access M- Pesa via the ATM.
