Joining Stima Sacco offers numerous benefits that cater to the financial needs and aspirations of its members.
Here are some key advantages based on the latest information:
1) Access to affordable loans
Stima Sacco provides members with access to various loan products at competitive interest rates. These include personal loans, development loans, and mortgage loans, among others.
Members can borrow up to three times their savings, making it easier to finance personal or business projects without the burden of high interest rates.
Interests start as low as 1% per month on reducing balance. This makes borrowing more affordable and helps members manage their debt more effectively
2) High returns on savings
Members benefit from attractive interest rates on their savings accounts, fixed deposits, and other savings products.
For instance, in 2024, Stima Sacco offered a 15% dividend on shares and an 11% interest rate on non-withdrawable deposits. This encourages a culture of saving and helps members grow their wealth over time.
3) Best performing sacco
Stima Sacco is recognized as one of the best-performing Saccos in Kenya, with a strong asset base and a large membership. This stability and performance provide members with confidence in the security and growth of their investments.
4) 24-hour alternative channels
Stima Sacco offers 24-hour access to services through MSTIMA app, internet banking, and ATMs. This round-the-clock availability ensures that members can manage their finances at their convenience
5) Quick loan processing
Stima Sacco offers a one-day loan processing period, ensuring that members have quick access to funds when they need them.
This efficiency is crucial for addressing urgent financial needs.
6) Salary-based loans
Members can access salary-based loans of up to Ksh 3 million. These loans are tailored to meet the financial needs of salaried individuals, providing substantial funding at competitive rates.
7) M-Pawa Mobile Loans
Stima Sacco offers convenient mobile-based loans through M-Pawa, allowing members to borrow up to Ksh 120,000. This service provides flexibility and ease of access, especially for small, urgent needs.
8) Low-premium insurance products
Members have access to low-premium insurance products, including medical cover and auto policies. These insurance products offer peace of mind and financial protection against unforeseen events.
9) Shariah-compliant Banking Services
For members interested in Islamic banking, Stima Sacco provides Shariah-compliant banking services, ensuring that financial products meet the ethical and religious requirements of Islamic finance.
