Savings Accounts

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

  • 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

  • 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

  • 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

  • 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

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Why join us

Why Join Us

Why should you join Chai Sacco Society Limited
Mchai Services

Mchai Services

This is a mobile banking service which enables members to transact
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KTDA Plaza,4th Floor,Moi Avenue 0709808100/0709808101 info@   Membership Application

Contact Us

KTDA Plaza,4th Floor,Moi Avenue 
P.O. Box 278-00200 City Square
Nairobi Kenya
Mobile: 0709808100/0709808101
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