Are you looking to take control of your finances and grow your wealth through a trusted institution? Chai Sacco might be the right fit for you. Since its founding in 1973, Chai Sacco has helped thousands of Kenyans save, borrow, and invest wisely.
Regulated by the Sacco Societies Regulatory Authority (SASRA), it has grown into one of the largest deposit-taking Saccos in Kenya with an asset base exceeding Ksh 4.72 billion.
This guide explains the Chai Sacco membership eligibility and requirements in simple, clear terms.
Who Can Join Chai Sacco
To become a Chai Sacco member, you must belong to one of the following categories. The Sacco is open to both individuals and institutions.
Employees of KTDA and Subsidiaries
If you work at Kenya Tea Development Agency (KTDA) or its related companies, you automatically qualify to join Chai Sacco.
Civil and Public Servants
All government employees, whether in national or county governments, are eligible to apply for membership.
Companies and Corporate Institutions
Companies that are ready to facilitate check-off deductions for their staff can register their employees with Chai Sacco.
Organized Groups and Welfare Associations
Chamas, self-help groups, welfare organizations and investment clubs are welcome to join.
Entrepreneurs and Business Owners
Small business owners and self-employed individuals can also benefit from the financial services offered by Chai Sacco.
Immediate Family Members
If you have a family member who is already a member, you can join too. This includes spouses, children, and parents.
Chai Sacco Membership Requirements and How to Apply
To become a Chai Sacco member, you must meet the following basic requirements.
Age and Identification
You must be at least 18 years old. You will need to provide a copy of your Kenyan ID or a valid passport if you live in the diaspora.
Photo and Application Form
Submit a passport-size photo and fill out a membership application form. This form must be signed and fully completed.
You are required to pay a one-time membership fee of Ksh 1,000. Additionally, you must purchase a minimum number of shares and complete your share capital within 24 months or when applying for your first loan.
Key Benefits of Joining Chai Sacco
Becoming a member of Chai Sacco gives you access to a wide range of financial advantages.
Save and Grow Your Money
Members enjoy competitive returns on savings and earn rebates on deposits, helping you grow your wealth consistently.
Low-Interest Loans
Access to affordable credit is one of Chai Sacco’s biggest benefits. Members can apply for loans at attractive interest rates.
Real Estate Investment
Through Chai Diamond, members can invest in real estate and property, further building long-term financial stability.
Retail Products Available to Members
Chai Sacco offers several tailored savings and investment products for individuals and groups.
Chai Angels Junior Account
This is a savings account designed for children. It helps parents teach their kids how to save from a young age.
Chai Premier Holiday Account
Planning a vacation? This account helps you save and budget for your holidays with ease.
Group Account
This account is perfect for chamas, clubs, or welfare associations that want to save or invest together.
Farm Produce Payments and Loans
Members in agriculture can receive payments for tea, milk, green leaves, and access loans using farm produce as security.
How to Contact Chai Sacco
For more details or assistance with membership registration, reach out to Chai Sacco through the following:
- Head Office: KTDA Plaza, 4th Floor, Moi Avenue, Nairobi
- Phone: 0709 808 100 / 0709 808 101
