::Introduction to Chai Sacco Society

Mchai Services make payment on mpesa. Click Here

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About the sacco
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Savings Products
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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

Features:

Interest rate is 1% pm on a reducing balance.

Maximum Loan repayments period is 60 months.

Chai fama Loan multiplier is 25 times the accumulative kgs for the last 12 months, then multiplied by the number of years the member has applied for the loan and the maximum period will be 5 years.

Immediate loan buys off from other financial institutions.

No loan buys off charges from other financial institutions.

Farmer to change the pay point to Chai Sacco.

Loan recovered from monthly proceeds, mini bonus, and Bonus.

Guarantors-

Loan upto ksh 500,000 to be secured by guarantors whose pay point are in Chai Sacco or members who contribute monthly deposits.
Loan above ksh 500,000 to be secured by tangible securities such as Title deeds or logbook.

Benefits

Quick processing and approval.
Immediate Loan buy off.
Flexible repayment period.

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