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NDEGE CHAI SACCO SOCIETY LTD is a world class financial institution that was established and registered in the year 1978.

The Sacco is licensed and regulated by SASRA(Saccos Societies Regulatory Authority).

Membership is drawn from employees of Finlays countrywide: Kericho, Nairobi, Mombasa, flower firms in Naivasha, and Lemotit farm; Isinya Roses (Kitengela, Molo) employees; Local Tea Factories; Private Security firms; NGO's; County Government Staff; Civil Servants; Schools; Hospitals; Recreational clubs and churches in Kericho; the Business community; and spouses of members; farmers and out growers;.

We also have members who are employees of other tea companies i.e. Sotik Tea, Sotik Highlands,Kapchorua Tea;Tinderet and Changoi.

Vision: To be a World Class Financial Institution

Mission: To provide excellent and prudent financial services,through efficient mobilization and application of resources,and efficient communication to all  stakeholders.

Slogan: "Let's Grow Together" (Tujiendeleze Pamoja)

Our Core Values

  • Be prompt, effective,efficient and professional in service delivery;
  • Strive to ensure the most competitive returns on investment while complying with regulatory requirements;
  • Education to members;
  • Creativity and innovation;
  • Uphold the virtues of loyalty,integrity and confidentiality.

The Sacco has two types of activities: Back Office Service Activities (BOSA) which is a savings and loan facility and Front Office Service Activities (FOSA) in which members and clients access their banking services.

Our Sacco is among the first deposit taking Saccos to have been licensed by SASRA in 2011. This gives us confidence as a good corporate citizen. Over the years, the Sacco has continued to perform very well and continues to receive several accolades including during the Ushirika Day celebrations. During the 2017 Kericho District Ushirika Day celebrations, the Sacco was the:

  • Best in Education and Training to members, staff and Board;
  • Best in Gender Balance(BoD level);
  • Best in Wide Coverage;
  • Second Best in Most Innovative Products;
  • Second Best Insured Sacco;
  • Third Best in Date of ADM.

The Sacco recognizes, upholds and esteems its members, peer Saccos, the government and regulatory agencies as well as all stakeholders by adhering to good corporate governance principles and practices, and guided by the Co-operative Principles namely:

  • Voluntary and open membership
  • Democratic member control
  • Members economic participation
  • Autonomy and independence
  • Education, Training and information
  • Co-operation among co-operatives
  • Concern for community in general

Thus, the objects of the Society shall generally be in accordance with the Cooperative Values and Principles

WHY join Ndege Chai Sacco Society?

  • Enables one to enjoy various loan products hence facilitate you growing financially.
  • The various savings products help you save and invest wisely.
  • Members use this account to make deposits and to channel salaries from their employers and other payment from businesses, farming among others.
  • The same account facilitates members to get their loan payments from BOSA immediately.

Why you need to Save:

  • Investments: Members earn an annual interest or dividends on the amounts they save monthly.
  • Access to larger loans/credit: The loans members get are pegged to their shares whether directly or through guarantors.
  • Retirement: One saves today for a softer landing in retirement.
  • Savings act as a fallback when temporarily out of payroll.
  • Self guarantor ship: Savings act as security for loans hence prompting confidentiality.
  • A statement of one’s savings can be used in other institutions (e.g. foreign embassies when applying for Visas).
  • Savings boost a member’s self esteem.

How to Save:

  • Monthly share contributions (either through check-off system or cash)
  • Upward share variations
  • Lump sum Cash/cheque deposits
  • Minimum share contributions (prorata) on loans taken
  • Dividend capitalization.