Nyati Sacco Society Ltd

Nyati Savings and Credit Cooperative Society was registered in 1977 under the Cooperatives Societies Act by the then employees of Securicor Security Services (K) Limited (currently G4S Security Services). From humble beginnings, the society has expanded its membership beyond G4S (k) to draw customers from Nyati Sacco staff, G4S Secure Data Solutions Ltd, Tandu Alarms, Drugnet Limited, Absolute Security Limited, Turtle Bay Resort, Secure Contractors, Medatech, Wecan Security Limited, Buffalo bicycles Ltd, Clovers Managements and Consultants Ltd, Estec Kenya Ltd and Gulf energy through a check-off system. In addition, the Sacco draws membership from the diaspora, spouses of members, registered groups and corporates on a non-check-off arrangement. Currently, Nyati Sacco has a membership of 15,015.

In 2016, Nyati Sacco was licensed to conduct deposit taking business under the Sacco Society Act of 2008. Under the watchful eye and regulation of the Sacco Societies Regulatory Authority (SASRA), the Society continues to respond to the emerging and growing needs of members.

In the execution of its mandate as a savings and credit cooperative society, Nyati Sacco encourages thrift among its members by affording them an opportunity to accumulate savings and offers credit at a fair and reasonable rate of interest for development and other needs. The Sacco also offers financial services which serve the interests of members. Through a risk management programme and continuous education of members, the Sacco ensures proper use of credit and security of members’ savings and investments.

Membership

Membership consists of:
(i) Employees of G4S Security Services (K) Limited.
(ii) Employees of Tandu Alarms ( K ) Limited
(iii) Employees of related firms and organizations that may be approved by the Board.
(iv) Organized Community Groups / Small and Micro Entrepreneurs that may be approved by the Board.
(v) Spouses and Children of Nyati Sacco members who have been introduced by the said members in writing
(vi) Employees of Nyati Sacco
(vii) Former members who have withdrawn all their deposits and have not yet transferred their shares to another member.

Other Companies that have partnered with Nyati Sacco for membership include: – Turtle Bay Resort, Proteq-X Security Services, Anchor Floor Millers, GM- Kariuki Hardware, Estec Limited, Medatech Limited, Absolute Security, Buffalo Bicycles Limited, Opticom (K) Ltd among others.

Members who have left the common bond and opt to continue with membership will be allowed to do so.

The Sacco, in accordance with its strategic plan, is continuously partnering with management of reputable organizations, to allow their employees to join the Sacco and enjoy all benefit from the membership.

The membership has grown tremendously and as at December 2014, the number was 14,000 active members with a vision to have 20,000 Members by the year 2020. The members have accumulated savings of more than 1.2 billion and granted loans amounting to Kshs. 1.5 Billion.

The Sacco, in accordance to its strategic plan, is continuously partnering with management of reputable organizations, to allow their employees to join the Sacco and enjoy all benefit from the membership.

Super AdminAbout Us