Imarisha Cooperative Savings & Credit Society Limited, also known as Imarisha Sacco Limited, but often referred to as Imarisha Sacco.
Imarisha sacco was established in 1978, under the name: Kipsigis Teachers Sacco, with the support of two teachers’ unions, namely (a) Kenya National Union of Teachers (KNUT) and (b) Kenya Union of Post Primary Education Teachers (KUPPET). With an initial membership of 100 teachers, the objective was to meet the financial needs of teachers, using funds mobilized from the members. In 2014, the society re-branded to its current name and began to accept members outside the teaching profession
IMARISHA SACCO LOANS INTERESTS
Loan Products
Normal/development loan
- Open to all members
- Amount eligible: 3 times the value of shares held
- Repayment period: 48 months
- Interest rate: 1% on reducing balance
Emergency Loan
- Designed to cater for unforeseen circumstances
- Amount eligible: 3 times the value of shares held
- Repayment period: 12 months
- Interest rate: 1% on reducing balance
- Member must have serviced all other loans
Education Loan
- Meant to help members pay school/college fees
- Amount eligible: 3 times the value of shares held
- Repayment period: 12 months
- Interest rate: 1% on reducing balance
Premium Loan
- Amount eligible: 3 times the value of shares held
- Repayment period: 60 months
- Interest rate: 1% on reducing balance as well as a 1,5 premium interest recovered upfront.
Re-Finance Loan
- Meant for members wishing to re-finance their existing loans
- Amount eligible: 3 times the value of shares held
- Repayment period: 48 months
- Interest rate: 1% on reducing balance
Introductory Loan
- Available to new members who are on a salary
- Amount eligible: Maximum of Ksh 200,000
- Repayment period: 12 months
- Interest rate: 1% on reducing balance
- One-third (1/3) of the loan given will be capitalised to shares
Pepea Loan
- Designed for members awaiting pension payments
- Amount eligible: Ksh 10,000 per month for up to 12 months
- Interest rate:
- Loan and interest will be recovered from pension payments
Sacco has introduced new loan products among them Pamoja, Chapchap, Soko, muwa , Kilimo, Chama, Binafsi, Daraja loans.
IMARISHA SACCO SHORT CODES
| HORT CODE | PRODUCT NAME |
|---|---|
| DE | SHARES |
| EL | EMERGENCY LOAN |
| FD | FOSA DEPOSIT |
| IL | INUA LOAN |
| LT | LONG TERM ADVANCE |
| MF | MICRO – LOAN |
| MS | MICRO- SAVINGS |
| NL | NORMAL LOAN |
| PL | PREMIUM LOAN |
| RL | REFINANCE LOAN |
| SA | FOSA SAVINGS |
| SL | SCHOOL FEES |
| ST | SHORT TERM ADVANCE |
| WL | WOMEN LOAN |
| CH | CO-OP HOUSE |
Guidelines
- MPESA MENU
- LIPA NA M-P ESA
- GO TO PAY B ILL
- Enter Business No. 982 100
- Enter Account No. Short CODE plus your ID NO. De133402 00
- Enter Amo unt 1 000
- PIN No. 1 234
IMARISHA SACCO MOBILE BANKING
By Dialling *882# (Safaricom line) on your phone,
you are prompted with a step-by-step guideline:
Welcome to M-Imarisha1. Bank to M-Pesa
2. My Account
3. Utilities
4. Mobile Loan
5. Other Services
6. Change PIN
7. Exit
Select option e.g. No.1 to withdraw from account to M-Pesa
IMARISHA SACCO DIVIDENDS
it is one of the best SACCO’s in Kenya with high dividends of around 10-13%
IMARISHA SACCO NEWS
Technology
The society has also adopted modern
technology which includes the introduction of E-loan dubbed M-Ima loan,
Agency banking, Digital Cyber centre, E-guarantors and Biometric system
to improve on efficiency and service delivery to its members.
Fosa Senior citizen’s account
The Sacco at the
same time launched a savings account that will enable its members save
while still in service. This savings will cushion them as they wait for
their pension which normally takes long after retirement
Marketing outlets
To increase its market base, Ruto announced, the society will soon open new outlets in Nairobi,Nakuru,Narok,Kilgoris and other target areas.
The delegates in the meeting adopted the chair report and the financial statements.
IMARISHA SACCO CONTACTS
Imarisha Sacco Society Ltd
P.O Box 682 – 20200
Kericho, Kenya
Call: 0720 290 222
Email: kerichohq@imarishasacco.co.ke
http://imarishasacco.co.ke
IMARISHA SACCO JOB VACANCIES
We will update you once vacancies are advertised
