Ndege Chai SACCO Society Ltd. was established and registered in 1978. The SACCO is a deposit-taking (DT) cooperative society offering members an opportunity to save and access affordable loans to develop and improve their economic and social welfare.
The SACCO was licensed and regulated by SASRA (Sacco Societies Regulatory Authority) in 2011 as a deposit-taking society. The SACCO is operating under an open membership bond of association, covering members of the public and the corporate business community, so long as they meet the requirements as set out in the by-laws of the SACCO.
The principal activity of the society is to promote prudence amongst its members by affording them an opportunity to accumulate their savings and to create a source of funds from which loans can be made exclusively for provident and productive purposes at fair and reasonable rates of interest.
The SACCO has over 66,000 active members.
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