Below are important details about Times U DT Sacco:
How to become a Member of Times U DT Saccco.
The Society is purely a community based Sacco and has an open membership to the general public. Anybody can be a member whether in Business, Farming, Civil Service, Or Employees in the private sector.
To become a member of the Sacco:
- You should be aged above 18 years.
- One must be a Kenyan Citizen
- You must be of sound mind.
- You must be of good standing character.
Minimum Membership Requirements
Fill in the member application form at any of our branch/on the Times U Sacco website
- Attach a copy of ID
- Attach your KRA pin certificate
- Pay an entrance fee of 600/=
- Contribute the minimum share capital of Kshs. 5,000
- Contribute the minimum monthly share contribution of at least Kshs. 300
HQ Location:
Kionyo Rd, Nkubu
Postal Address:
P.O. Box 310 – 60202, Nkubu
info@timesusacco.co.ke
+254703770457
+254703769923
Working hours
Mon – Fri: 8am – 4pm
Saturday: 8am – 12pm
Sundays & Public Holidays: Closed
Shares Account
Requirements
Fill in a member application form at any of our branch or on the website
- Attach copy of national ID
- Attach a passport photo
- Attach a copy of KRA pin certificate
- Payment of an entrance fee of Ksh. 600/=
Current Savings Account
Requirements
Fill in a member application form at any of our branch/on the website
- Attach copy of national ID
- Attach a passport photo
- Attach copy of KRA pin certificate
- Payment of an entrance fee of Kshs. 600/=
Group Account
Requirements
- KRA certificate ciopies for signatories
- Constitution/by-laws
- Copies of signatories’ national IDs
- List of members (with member’s signatures and IDs)
- Registration fee of Kshs. 560
Company Account
Requirements
- Memorandum of understanding
- Articles of association
- Copy of KRA company PIN
- Copy of signatories’ KRA PIN
- List of Directors
- Copy of certificate of registration
- Directors’ ID copies
- Company Search Certificate
- Directors’ photos
- Registration fee of. Kshs. 1,000
Business Enterprise Account
Requirements
- Copy of the certificate of registration
- Copy of national ID card
- Copy of KRA PIN
- Directors’ passport photos
- Registration fee of Kshs. 560
Church Account
Requirements
- Copy of certificate of registration
- Copy of KRA PIN for signatories
- Introduction letter from church leader i.e. bishop, reverend
- Minutes consenting to a/c opening
- Signatories and signing instructions
- Passport photos of signatories
- National ID copies for signatories
- Registration fee of Kshs. 560
Timers Junior Account
Timers Junior Account
Requirements
- Copy of national ID of the parent
- Copy of KRA PIN for signatory
- Photo of the guardian (signatory)
- Registration fee of Kshs. 400
- Signing instructions of the parent/guardian
Biashara Account
Requirements
- Copy of national ID
- Copy of business KRA pin
- Copy of business permit
- Passport photo of signatory
- Registration fee of Kshs. 560
Fixed Deposit Account
Requirements
- Fill membership form
- Copy of national ID
- Copy of KRA pin
- Attach passport photo
Biashara Account
Biashara/Soko/Invoice Discounting Loan
These are product designed to boost fast moving business with instant loans.
Features
- Active savings for at least 1 month
- Loan limit amounts from Kshs. 3,000
- Flexible repayment period
- Affordable interest rate
This is a loan issued to members whose milk pay out point is at TUSL
Maziwa Plus Loan
This is a loan issued to members whose milk pay out point is at TUSL.
Features
- 6 times of 3 months’ milk average production
- Repayment Period of up to 36 months
- The Cows are insured through Timesco Insurance
Loans accessed via phone and repaid in one months’ time. Loan amount depends on the payout amounts.
M-Time Loan
Loans accessed via phone and repaid in one months’ time. Loan amount depends on the payout amounts.
Features
- Affordable interest rate
- Repayment period of 1 month
Loans accessed via phone and repaid in one months’ time.
Virtual Loan
Loans accessed via phone and repaid in one months’ time. Loan is issued based on one-member deposit contribution.
Features
- Affordable interest rate
- Repayment period of 1 month
Development Loan
The product is designed for member development and investment purposes.
Features
- Affordable interest rates
- 3 to 4 times of deposits
- Repayment period of up to 36 months
This is a loan product designed for existing businesses that need longer repayment periods of large loan amounts.
Growth Oriented Enterprise (GOE) Loan
This is a loan product designed for growth, expansion of business and development.
Features
- 3 to 4 times of deposits
- Loan amount ranging from Kshs. 300,000 and above
- Repayment period of up to 48 months
This is a loan product tailor made to address education needs.
Education Loan
This is a loan product tailor made to address education needs. This involves but not limited to school fees loan, hostel financing, laptop/iPad purchasing.
Features
- 3 to 4 times of deposits
- Repayment period of up to 12 months
Secured by use of household properties/valuables.
Jitegemee Loan
Secured by use of household properties/valuables.
Features
- Get 3 times of deposits
- Repayment period of up to 36 months
- Range: Ksh 15,000 – 500,000
Issued to dairy farmers for construction of modern cow sheds, chaff cutters, purchase of dairy cows e.t.c
Dairy Tosha Loan
It shall be issued to clients who are conducting dairy farming for: construction of modern cow sheds (zero grazing, chuff cutters, purchasing additional dairy cows etc.)
Features
- Share multiplier *4
- Maximum repayment period up 24 months
- Affordable Interest rate
This is a product designed strictly for those members who are practicing commercial farming
Smart Farming Loan
This is strictly a product designed for those members who are practicing commercial farming. Products to be financed include agro vets, farming tractors, green houses, farm input shops. We have seasonal and monthly farming.
Seasonal Farming
French bean, onions, potatoes, tomatoes, goggets, green pepper, capsicum etc.
- Have a grace period of 3 to 6 months
- Affordable interest rate
- Share multiplier 3
Monthly Farming
Products to be financed include agrovets, farm machinery, green houses, farm input shops e.g. wheelbarrow, sprinklers etc.
- Has a maximum repayment period of 36 months
- Has a monthly repayment
- Share multiplier 3
- Affordable interest rate
Products designed to help conserve the environment and practice water harvesting.
Eco-Green Loan
This is a product designed to help conserve the environment and practise water harvesting solutions and this include purchase of solar panels, biogas, tanks, dam liners, borehole drilling, solar water heaters etc.
Features
- Deposit multiplier 3
- Repayment period of up to 36 months
- Affordable interest rates
Financing groups for projects, farming and individual lending in a registered self-help group.
Group Micro-Lending Loan
Financing groups for projects, farming and individual lending in a registered self-help group.
Features
- Registered group with social services
- Have at least 10 members or more
- Loans 4-5 times of savings
Loan for tea farmers
Majani Loan
For members whose tea pay-out is channeled through Times U DT Sacco. Repayment mode: 1/3 monthly tea pay out, 2/3 mini and main bonus.
Features
- Get 3 times of deposits
- Affordable interest rates
- Flexible repayment period
This is a product aimed to help our members own a Boda Boda.
Boda Boda Loan
A product tailored to enable our youth and any other willing person to own a motor bike.
Features
- Get 5 times of deposits
- Repayment period of 24 months
Supporting employees of the private sector, and contract workers whose pay is monthly.
Instutional/Inuka Na Mshahara Loan
Supporting employees of the private sector, and contract workers whose pay is on monthly basis and the payout is processed through TUSL.
Features
- Get 10 times of shares
- Flexible interest rates
- Salary account with Times U DT Sacco
- Maximum repayment period of up-to 24 months
The product is aimed to finance churches in their projects
Church Loan
The product is aimed to finance a church in projects such as purchase of musical instruments, purchase of land, construction of churches, and relocation of church from rented premises.
Features
- Share multiplier of 3
- Flexible repayment period
- Affordable interest rates
- Maximum repayment period of 36 months
PayBill Number 542400
- Placing bank standing order
- M-Pesa Paybill 542400
- Over the counter cash deposit
- Door to door cash collection
- Through USSD *882#
What security does a member require to get a Loan?
- Collateral (title deed or log book)
- Guarantors.
- Movable household proprety
- Lien
Times U DT Sacco Branches and Contacts
Nkubu HQ
064-5051191 or +254 703 770457 or +254 703 769923
info@timesusacco.co.ke
Nkubuu
Mitunguu Branch
+254 708 955481
info@timesusacco.co.ke
Mitunguu
Kariene Branch
+254 703 766509
info@timesusacco.co.ke
Kariene
Githongo Branch
+254 711 304 776
info@timesusacco.co.ke
Githongo
Makutano Branch
+254 795 019 962
info@timesusacco.co.ke
Makutano
Timau Branch
+254 110 566855
info@timesusacco.co.ke
Timau
