Join UNAITAS SACCO 2024: Your Complete Guide to Membership, Benefits, and Mobile Banking

Are you thinking about your financial future? Have you heard about UNAITAS SACCO and wondered what it's all about? Well, you're in the right place! UNAITAS SACCO is a popular Savings and Credit Cooperative in Kenya, known for empowering its members financially. Joining a SACCO like UNAITAS can be a smart move. It's not just about saving money; it's about growing it and being part of a community that supports your financial dreams.

UNAITAS started small in 1993 but has grown big in heart and size. It's where members' dreams weave together to create a strong financial fabric. Imagine having a partner in your financial journey, one that offers you various ways to save, borrow, and invest. That's what UNAITAS is all about. It's not just a SACCO; it's a movement towards financial freedom and growth.

So, how do you join this movement? It's simpler than you might think. This article will guide you through every step, from understanding what UNAITAS offers to how you can become a part of it. Keep reading to unlock the door to your financial growth with UNAITAS SACCO!

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Understanding UNAITAS SACCO

History and Growth

UNAITAS SACCO has a rich story that begins on May 14, 1993. It started as a small cooperative but has since become a leading Savings and Credit Cooperative in Kenya. This journey wasn't just about growing numbers and nurturing dreams and building a community. The founders of UNAITAS had a vision. They didn't just see a SACCO; they saw a gathering of people ready to support each other's financial journeys. Over the years, UNAITAS has adapted to changing economic landscapes, always keeping the members' best interests at heart​​.

The SACCO stands out with its bold, pioneering spirit. It’s more than a financial institution; it's a partner in weaving bigger dreams, with Africa as its foundation. The slogan "You and Me" isn't just words; it promises collective growth and unity​​.

Services and Offerings

UNAITAS offers a range of financial services designed to cater to various needs. Whether you're looking to save for a specific goal, invest, or borrow to grow your business, UNAITAS has an option. Here's a look at some of the accounts and services available:

• Timiza Savings Account: This account lets you easily transact and access your savings. It's designed for convenience and growth with features like free Mpesa deposits, access to loan facilities, and a competitive interest rate​​.
• Jipange Investment Account: If you want to lock away your savings for a specific objective, this account is for you. It offers competitive interest rates, free-standing orders, and the opportunity to earn bonuses and participate in annual investment forums​​.
• Jolly Junior Savings Account: It's never too early to start on financial literacy. This account is for those 18 years and below, helping build a saving culture from a young age with rewards and creative financial activities​​.
• Fixed Deposit Account: For those looking for higher returns on their savings, the Fixed Deposit Account offers competitive rates for longer savings periods​​.
• Biashara Current Account: Tailored for entrepreneurs and businesses, this account provides flexibility and access to overdrafts and even pays you interest. It's designed to support your business every step of the way​​.
• Chama Account: Aimed at registered investment groups, this account offers easy access to investment loans, free investment advice, and links to investment opportunities​​.

Each account comes with features and benefits designed to meet you at your point of need. Whether you're saving for education, planning for retirement, or growing a business, UNAITAS has a financial solution. 

Eligibility and Requirements

Eligibility Criteria

Joining UNAITAS SACCO is a step towards financial empowerment, and it's open to just about everyone. Whether you're an individual looking to save for the future or a group aiming to pool resources for investment, UNAITAS welcomes you. The key is meeting the minimum membership requirements designed to ensure every member is committed and benefits from the SACCO's services​​.

Understanding your responsibilities as a member is crucial. It's about what UNAITAS can do for you and what you bring to the community. Your commitment helps strengthen the SACCO and, in turn, provides more opportunities for all members.

Account Opening Requirements

Ready to join? Here's what you need to know about the account opening process:

• General Requirements: You'll need identification documents like an ID or passport. A passport photograph is taken at the branch, along with a certified copy of a utility bill or tenancy agreement and your PIN certificate. These documents ensure your account is secure and legally compliant​​.
• Individual Accounts: For personal accounts, the process is straightforward. Once you've gathered your documents, you'll deposit the minimum membership fee. This can be done over the counter or through Mpesa using the pay bill number 544700​​.
• Group Accounts (Chama Account): Additional documents are required if you're joining a group. These include certified copies of your group's constitution, registration certificate, board resolution, and a list of registered officials. Each official will also need to provide their ID or passport and PIN. This helps UNAITAS understand the structure and operation of your group, ensuring a smooth partnership​​.
• Unregistered Group Accounts: The requirements are slightly different for unregistered groups with common investment goals. You'll need IDs and PINs for the officials and an account mandate. This ensures that even informal groups can benefit from saving and investing with UNAITAS​​.

Whether you're an individual or a group, the process is designed to be as smooth as possible. UNAITAS staff are always ready to guide you through each step, ensuring you understand the benefits and responsibilities of membership. In the next section, we'll walk through the joining process and explore the different types of accounts in more detail. 

Joining Process and Account Types

Step-by-Step Joining Process

Becoming a member of UNAITAS SACCO is a journey towards financial security and community. Here's how you can start:

1. Initial Inquiry: Contact UNAITAS through their contact details or visit a branch. They're ready to answer any questions and provide the information you need to make an informed decision.
2. Gather Your Documents: Collect all necessary documents mentioned in the eligibility and requirements section. Make sure everything is accurate and up-to-date.
3. Deposit the Membership Fee: With your documents in hand, it's time to make it official. Deposit the minimum membership fee over the counter or using the Mpesa paybill number 544700. This fee is your ticket to the benefits and services of UNAITAS SACCO​​.
4. Account Setup: Once your payment is confirmed, UNAITAS will set up your account. They'll guide you through the available features and services, helping you understand how to maximize your membership.
5. Start Your Financial Journey: With your account active, you can begin saving, borrowing, and investing. Welcome to a community that supports your financial growth!

Exploring Different Account Types

UNAITAS offers various accounts, each tailored to different needs and goals. Here's a closer look at what you can choose from:

• Timiza Savings Account: Ideal for regular transactions and access to loans. It has no operating balance, free cash deposits, or unlimited withdrawals. Perfect for those who need flexibility with their savings​​.
• Jipange Investment Account: Designed for those with a clear savings goal. It offers competitive interest, the ability to lock savings based on your objectives, and even discounted loan interest for consistent savers​​.
• Jolly Junior Savings Account: Start your child's financial journey early. This account is for those aged 18 and below, encouraging a savings culture with rewards and fun activities​​.
• Fixed Deposit Account: For those looking to earn higher interest rates over time. It's a great way to grow your savings securely with the promise of higher returns upon maturity​​.
• Biashara Current Account: Tailored for entrepreneurs and SMEs, this account offers features like access to overdrafts, subsidized arrangements for collections, and a dedicated product manager to help grow your business​​.
• Chama Account: A special account for registered investment groups, offering easy access to investment loans, free investment advice, and links to opportunities. It's a powerful tool for groups looking to grow together​​.

Choosing the right account is about understanding your financial goals and picking the one that aligns with them. Whether it's saving for education, planning for retirement, or growing a business, there's an account for you. 

Mobile Banking and Contact Information

Mobile Banking Capabilities

In today's fast-paced world, having access to your finances on the go is crucial. UNAITAS SACCO understands this and offers convenient mobile banking services to ensure you're always connected to your money.

• Mo-Cash Mobile Banking Service: With UNAITAS's Mo-Cash, you can manage your account anytime, anywhere. Check your balance, transfer funds, or pay bills from your phone. It's secure and fast and puts control of your finances at your fingertips​​.
• Easy Transactions: Use the Unaitas Paybill number 544700 for quick and easy Mpesa transactions. Whether you're depositing into your account or making payments, it's all just a few taps away​​.
• USSD Code Access: UNAITAS offers USSD code *493# for those without a smartphone. This simple code allows you to access various services, check balances, and more, all from any basic mobile phone​​.

Getting in Touch with UNAITAS

Whether you have questions, need support, or want to inquire about additional services, contacting UNAITAS is easy. Here's how you can get in touch:

• Visit in Person: Drop by any UNAITAS branch. Their friendly staff are always ready to help and guide you through any process or query.
• Call or Email: You can call UNAITAS at +254721244139 or +254775530310 for direct support. Alternatively, email them at info@unaitas.com for detailed inquiries or assistance​​.
• Head Office: If you need to visit or send mail, UNAITAS's head office is at Cardinal Otunga Plaza, next to Holy Family Basilica, Cardinal Otunga Road, Nairobi. They're centrally located and accessible for most Nairobi residents​​.

Staying connected with your SACCO is important. Whether through mobile banking or direct contact, UNAITAS ensures you have the tools and support to manage your finances effectively. 

FAQs

What is the minimum amount required to open an account?

The minimum amount varies depending on the type of account you're interested in. For individual accounts like the Timiza Savings Account, a minimal deposit is needed to activate your account. For Fixed Deposit Accounts, the minimum balance is typically higher to secure better interest rates. It's best to check with UNAITAS for the most accurate and up-to-date information.

Can I join UNAITAS SACCO if someone else is a Kenyan citizen?

Yes, UNAITAS SACCO is open to all, regardless of citizenship. However, you'll need to provide proper identification, such as a passport, and meet other specific requirements related to your residency status. It's advisable to contact UNAITAS directly to understand the exact documentation needed for non-Kenyan citizens.

What are the benefits of joining UNAITAS SACCO?

Joining UNAITAS SACCO comes with numerous benefits. You'll have access to various savings and investment accounts tailored to different needs and goals. Members can enjoy competitive interest rates, loan access, and financial advice. Additionally, SACCO offers mobile banking services for easy management of your finances. Being part of UNAITAS also means joining a community committed to mutual growth and financial empowerment.

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Conclusion

Joining UNAITAS SACCO is more than just opening an account; it's about becoming part of a community committed to financial growth and empowerment. From its rich history to a diverse array of financial services, UNAITAS offers a solid foundation for your savings, investment, and borrowing needs. With user-friendly mobile banking services and dedicated support, managing your finances has always been challenging.

As you consider becoming a member, remember that the journey to financial freedom is personal. UNAITAS SACCO supports you at every step, offering the tools and community you need to achieve your financial goals. So, take that step, join the movement, and start weaving your success story with UNAITAS SACCO today!