::Introduction to Chai Sacco Society

Mchai Services make payment on mpesa. Click Here

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Jisort na Chai Sacco
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Payment Options Click Here

Chai Premier Holiday Account

Save towards a vacation plan

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Saving for a child today is
a wonderful gift for their future.

Chai Angels Junior Account

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Our Main Loan product, an all-purpose loan product
tailored to meet financial needs.

Chai Main Loan Product

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Chaifama Savings Account

A unique account designed to meet the needs for small scale farmers

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Chai Investment Loan

Purchase plots and property being
sold by Chai Diamond Investment Ltd

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Customer Service Charter Click here

Quality Policy Statement Click here

Savings Accounts

Savings Account makes it easy for members to save and access the savings at any time as the need may arise.

Features

Minimum monthly savings of Ksh. 500
Minimum account balance of Ksh. 500
Minimum balance to earn interest is Ksh. 3,000
No ledger fees charged on the account
Can be accessed through Mobile banking (M-Chai), over the counter and ATM card
Cash withdrawal can be done at anytime
Used for Salary Processing.

Chai Angel Junior Account

Chai Angel Junior Account has been designed for members’ children below the age of 18 years for the safe keeping

Features

Minimum monthly saving is Ksh. 500.
Minimum account balance is Ksh. 500
Maximum three withdrawals per year
25% discount on bankers’ cheque
The account is operated by the guardian
Interest paid at 2% above the interest paid on savings.
No ledger fees charged on the account.
Children given piggy banks for home savings and branded T-shirts.

Chaifama Loan

Chaifama loan serves the growing demand for affordable and more competitive loan product for the tea farmers

Features

The member must have processed his/her proceeds in Chai FOSA for a period not less than 3 months
Maximum repayment period of 12 months
A member shall be granted a loan of up to Ksh. 15 per kilogram on 80% of the accumulated green leaves deliveries for 12 months beginning July of the previous year.
Repaid monthly from monthly proceeds or recovered once from annual tea bonus
Interest of 14% p.a. charged upfront. The interest will be calculated and loaded on the principal loan amount both to be recovered from the bonus or through monthly installment or combination of the two modes.
Member can only access one Chaifama Loan at a time.
Guarantors and collateral shall be required for loans above Ksh. 500,000.
Farmers’ pay point must be locked to Chai Fosa for the period of the loan.
Farmer to attached confirmed farm proceeds slips

Investment Loan

The Investment Loan offers members a facility to finance the purchase of plots and property being sold by Chai Diamond

Features

Maximum repayment period of 72 months
Interest rate of 1% p.m. reducing balance
Maximum loan of up to 4 times member deposits and must not exceed the value of the property being bought
Member can qualify for another investment loan on clearance arrangement within the security earlier provided.
Loan secured with deposits and purchased land/property

Chai Sacco Services

Chai Sacco has been empowering our members economically, socially, and financially since 1973 through the provision of financial services tailored to meet the need of all members. The Sacco has continued to embrace the use of technology for efficient service delivery.Click Here