How to join Stima Sacco

Stima Sacco which is one of the best co-operatives in Kenya, was established in the year 1984. It is licensed by SASRA and its popularity has grown tremendously such that by December 2020, its membership stood at 140,870.

Its main objective is to uplift its member’s wealth status by lending them money to invest in income generating projects. Any Kenyan citizen is eligible to join the co-operative regardless of where he or she resides in Kenya.

There are three ways you can join Stima Sacco;

  • As an Individual
  • As a Corporate
  • As a Chama

How to join Stima Sacco as an Individual

  1. Download the membership application form.
  2. Fill in your personal details.
  3. Indicate your sources of income.
  4. Have a referee who is an existing member to introduce you to the co-operative.
  5. Attach a copy of your id or passport.
  6. Attach two colored passport size photos.
  7. Fill a member personal information card (MPI card) and attach it to the membership form.
  8. Attach a copy of your KRA pin certificate.
  9.  Pay a membership of Ksh 500.
  10. Agree to the society terms and conditions by signing the membership form.
  11. Upon registration, you will be required to contribute a minimum monthly deposit of Ksh 1,000 and a share capital of Ksh 25,000/=

How to join Stima Sacco as a Corporate

  1. Download the corporate membership form
  2. Fill in your corporate information.
  3. Attach the following documents:
  4. Audited statement of accounts if company is limited by shares.
  5. Memorandum and articles of association.
  6. Board resolution authorizing application.
  7. Copies of signatories identification cards.
  8. Colored passport size photos of authorized signatories.
  9. Specimen signatures of signatories.
  10. Board resolution to open an account with the co-operative.
  11. A certified copy of the company registration certificate.
  12. Company KRA pin certificate.
  13. Pay a registration of Ksh 500 and contribute a monthly deposit contribution of Ksh 5,000.
  14. Upon registration, a company will be required to contribute a share capital of Ksh 50,000.
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How to join Stima Sacco as a Chama

  1. Download and fill the group membership application form.
  2. Provide a list of group members.
  3. Attach the following documents.
  4. General meeting minutes authorizing application to join the co-operative.
  5. The group constitution.
  6. Copies of identification cards of group signatories.
  7. Passport photos of signatories.
  8. Copy of group registration certificate.
  9. KRA pin certificate.

How to buy Stima Sacco shares

The co-operative shares are categorized into two;

Shares capital

Every member has to contribute the prescribed minimum share capital. This type of shares cannot be withdrawn but can be transferable to an existing member. At the end of a financial year, the shares earn you dividend.

Alpha deposits

This is a type of share that is a loans multiplier when you want a loan. At the end of a financial year deposits earn you an interest. The deposits can only be accessed upon membership withdrawal

There are several ways you can buy shares from Stima;

  • Through check off system from your employer.
  • Through mobile banking platforms like M-pesa.
  • Through bank transfer.
  • Through direct deposit.
  • Through M-pawa app.

How to buy Stima Sacco shares through M-pesa

  1. Go to M-pesa menu on your phone.
  2. Select Lipa na M-pesa option.
  3. Enter their paybill: 823244.
  4. If you are buying alpha deposits enter the prefix ‘802’, then type your member number e.g. 802xxxx
  5. If you are buying shares enter the prefix ‘800’ then type your member number e.g.  800xxxx
  6. Enter the amount you wish to deposit.
  7. Enter your M-pesa pin.
  8. Confirm that your details are correct.
  9. Press OK to complete the transaction.
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Stima Sacco loans

The co-operative offers several types of loans to its members. Below is a table that outlines those loans;

Type of loanInterest rate (p.a)Eligible AmountRepayment Period
Long term Loans   
Normal 112%2 X shares48 months
Normal 212%3 X shares60 months
Super 14%4 X shares60 months
Mwangaza 114%3 million48 months
Mwangaza 218%3 million60 months
Premium14% 72 months
Vuka16%5 million72 months
Flexi116%1 million24 months
Flexi 218.5%1 million36 months
Sosa 15%4 X shares15 months
Short term loans   
Prime advance 18%200,00012 months
Emergency  12%3 X shares12 months
Msingi bora school fees10%Up to 75% of msingi deposits12 months
Salary advance5% p.m100,0001 month
Make ove5% p.m100,0001 month
Business /Group Loans   
Working Capital16.2%3 X shares36 months
Asset Finance16.2%3 X shares36 months
LPO Loan18%3 X shares3 months
Invoice discounting18%3 X shares3 months
Plot financing9.6%3 X shares36 months
Makazi poa 16-18%7.5 million18-144 months
Mpawa 4-7%200,0006 months

How to check my Stima Sacco balance

There are two ways you can check your balance in the co-operative.

  • Dial the Stima Sacco USSD *489*
  • Through the M-pawa app

Stima Sacco dividends 2020

Stima Sacco issued a dividend rate of 14% per share and an interest rate of 10.75% on member deposits for the financial year 2020.

Stima Sacco contacts

If you have any queries or complaints you can contact their customer care on 0703024000 and 0703024024 or email on

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If you want to join Stima Sacco, ensure you have friends or relatives in the Sacco who can act as your guarantors when you want a loan as people prefer guaranteeing people they are familiar with.

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