Yetu Sacco Society

Yetu Sacco Society is a leading deposit-taking SACCO licensed under the Societies Act in Kenya. The SACCO has been instrumental in promoting social and economic development in the country by providing competitively priced financial products.

Since its establishment, Yetu Sacco has registered tremendous growth in both its membership and asset base, making it a trusted financial partner for many Kenyans.

History and Present Status

Yetu Sacco Society was registered under the Societies Act in 2009, with Registration No. CS. 6366. The SACCO’s name was adopted in 2010 when the administrative areas of presence moved beyond South Imenti in Meru County. The name “Yetu” means “ours” in Swahili, reflecting the members’ commitment to building their own society.

As of 31st December 2022, Yetu Sacco had over 59 thousand members and an asset base of 5.7 billion. The SACCO has six fully-fledged branches and three mobile units/points of presence strategically positioned and coordinated from the Nkubu office in Meru County.

Savings Accounts

Yetu Sacco offers a variety of savings accounts that cater to the needs of individuals and businesses. Some of the savings accounts offered by the SACCO include:

1. Corporate Account: This account responds to the saving requirements of registered organizations.
2. Faida Account: This account is ideal for those who wish to grow their savings into something more rewarding.
3. Mapato Account: This account is tailor-made to answer to all the salaried clients’ monetary demands around the clock.
4. Msingi Loan: This account is ideal for tea farmers, both large scale and small scale, and allows multiple transactions round the clock.
5. Biashara Account: This account is designed to embrace the unique needs of business operators.
6. Akiba Account: This account is a contractual account designed for those with a passion to invest in finance.
7. Kilimo Account: This account is tailored to keep the income from dairy products safe and assure encouraging interest rates.
8. Digital Account: This account is crafted for the youths to help plan for their future by laying a good savings foundation as they set out to achieve their financial goals.
9. Yetu Junior: This product is designed to make children financially stable by exposing them to the saving culture.
10. Bakisha Account: This is a daily deposit taking savings account that allows members to save daily.
11. Coffee Account: The Coffee Account is crafted to meet the needs of the coffee farmers.

Loan Accounts

Yetu Sacco offers a variety of loan facilities that cater to the needs of individuals and businesses. Some of the loan accounts offered by the SACCO include:

1. Biashara Loan: This is the safest way to boost and expand your business. It addresses the monetary concern of your business.
2. Mapato Loan: This product is designed to open the financial doors to salaried members.
3. Msingi Loan: This is a loan facility tailored to suit the development demands of farmers.
4. Elimu Loan: This is a unique product designed to embrace all needy students.
5. Kilimo Loan: This loan facility enables farmers to overcome their challenges with ease and a smile because the SACCO listens to its members.
6. Asset Financing: This loan enables members to grow their fixed assets within a reasonable period.
7. L.P.O Financing: This loan facility is ideal for suppliers and contractors who access tenders.
8. Micro-Finance Loan: An independent wing that deals with groups that need financial aid to achieve their set goals.
9. Overdraft: This is a convenient way to ensure that Yetu Sacco members have an easy process when doing business

10. Mortgage Financing: The target of this loan product is to help SACCO members to be home and real estate owners.
11. Insurance Premium Financing: This product is tailored for motor vehicle or machinery owners seeking to insure against risks.

Yetu Sacco Paybill Number and M-Sacco Service

Yetu Sacco offers a convenient way for members to access their services through the M-Sacco service and pay bill number.

Paybill Number 512100

To access Yetu Sacco services conveniently, use the pay bill number 512100.

Here is how to use the pay bill number:

1. Go to M-PESA menu.
2. Select lipa na M-PESA; pay bill option.
3. Enter Yetu Sacco Paybill Number 512100.
4. Enter your account number.
5. Enter the amount you wish to transact.
6. Enter your PIN number.
7. Confirm details and press OK.
8. You will receive a confirmation message from Safaricom.

M-Sacco Service *691#

Yetu Sacco’s M-Sacco service is an online platform that allows members to access SACCO services from their mobile phones by dialing *691#. Some of the services on the platform include:

1. Funds transfer
2. Pay bill option
3. Balance enquiries
4. Mini statement
5. Purchase of airtime
6. Micro loans

NB: The service is only available to registered Yetu Sacco members.

Contacts

For more information on any of the products offered by Yetu Sacco, reach out to them through the following channels:

1. Phone: 0724114444 or +254 64 5051399.
2. Email: info@yetusacco.co.ke or sitsacco@yahoo.com.
3. Website: https://yetusacco.co.ke/.

Conclusion

Yetu Sacco Society has established itself as a leading financial institution in Kenya, providing competitively priced financial products and services to its members.

With a wide range of savings and loan accounts, members can access financial solutions that meet their unique needs. The SACCO’s M-Sacco service and pay bill number make accessing services more convenient for members, further cementing its position as a trusted financial partner.