Winas SACCO Society Ltd Description
Winas SACCO Society Ltd formally Embu teachers Sacco limited, is a sasra-licensed, modern and fast-growing financial institution in Kenya. Established in 1977 to serve teachers in the larger Embu district, the society has rebranded and diversified its membership to effectively tap the economic potential in all viable sectors in the Kenyan markets and beyond.
Winas SACCO Society Ltd Mission
To be the best managed Sacco in Africa
This vision outlines what winas Sacco wants to be and how it wants the world outside in which it operates to be. It is a long term view and highly futuristic. The vision is the Sacco’s source of motivation and aspiration as it moves confidently in pursuit of its strategic organizational goals.
Winas SACCO Society Ltd Vision
To continually improve the socio-economic status of members and stakeholders by offering diversified high-quality products and services
This defines the fundamental purpose of winas Sacco, succinctly describing why it exists and what it does to achieve its vision. It simply says what the Sacco does in its daily endeavors with a view of realizing the dream of being the best managed Sacco in Africa
Winas SACCO Society Ltd Motto
“Together we are”
This is a carefully crafted phrase meant to formally summarize the general motivation and intention of winas Sacco as an organization that draws pride from the unity of purpose by members and all other stakeholders.
Winas SACCO Society Ltd Core Values
These are our beliefs proudly shared among the stakeholders of Winas Sacco. Values that drive the Sacco’s culture and priorities and provides a framework in which decisions are made.
Transparency and accountability- As winas Sacco, we are committed to being transparent and accountable to our members at all times.
Professionalism- our staff and the board have always and shall always display professionalism in their work
Integrity- our members, staff and the board shall endeavor to exhibit integrity in conducting the affairs of the society.
Teamwork- as a society, we shall always uphold teamwork in order to achieve more together.
Customer satisfaction- our strength comes from our customers and we shall always work hard to satisfy them
Winas SACCO Society Ltd Rebranding
The Sacco, in the year 2012, took a landmark strategic move that saw it change its name from Embu teachers Sacco limited to Winas Sacco ltd. The Sacco society has cut a distinct market niche for itself becoming a strong financial powerhouse in Kenya.
This is clearly evidenced by the level of confidence, satisfaction, loyalty, and sense of ownership expressed by Sacco’s general membership. Our greatest aim is to economically move the Sacco membership to the next level through our competitively designed and priced products and services.
Winas SACCO Society Ltd Products and Services
BOSA PRODUCTS & SERVICES:
Repayment period of 18months.
A highly customer-friendly product.
♦ Repayment period of 30 months
♦ Basically a top-up of domestic loan.
♦ Suitable for newly employed civil servants
♦ Interest rates of 12% p.a.
♦ Repayment period of 36 months
♦ Product designed to kick start your development plans.
♦ Repayment period of 36 months
♦ Interest rates 12% p.a.
♦ Repayment within 60 months with a very attractive interest rate.
♦ Meant to actualize your development and investment plans after a systematic take off facilitated by a normal loan.
♦ Repayment period within 42 months.
♦ Designed to be a top-up of a normal loan.
♦ Repayment within 72 months.
♦ Meant to assist you to achieve set long term strategic plans mainly of capital nature.
♦ Repayment period within 84 months.
♦ Product for long term development with big capital outlay.
♦ Attractive interest rates.
BOSA LOAN ADVANCES
♦ This is an apportionment of any back-office loan before their loan funds are disbursed. It’s granted to customers with pressing financial need that can’t wait until loan is fully approved and all funds disbursed.
BANK LOANS BUYOFF
♦ Our Sacco has the financial capacity to clear customer loans with other banks to relieve them of the expensive burden and high-interest bank rates.
♦ A competitively designed group-based/Chama loan for those running small scale businesses but with growth potential. Loan terms and conditions are attractive and flexible.
♦ A very affordable loan for a business venture.
♦ Must have a business permit or registration document.
♦ Farming proof
DIVIDENDS/INTERESTS ON DEPOSITS
♦ The Sacco strives to maximize the shareholder’s wealth by rewarding both shares and deposits attractively every end of the year.
All our loans are fully insured to ensure even after a member demise the next of kin continues with life normally. Sacco pays next of kin double the member savings and loans are written off.
♦ Repayment period of 18months.
♦ A highly customer-friendly product.
Winas SACCO Society Ltd Membership
Winas Sacco Limited expanded its common bond to effectively tap the economic potential in all viable sectors in the Kenyan markets and beyond. We draw our membership from the following areas:-
♦ Active and retired members of Teachers Service Commission (TSC), Kenya National Union of Teachers (KNUT) and all its projects, Ministry of Education, Public Service Commission and other Private educational institutions such as schools and colleges including support staff.
♦ Active and retired Central and county governments’ employees.
♦ Active and retired members of disciplined forces.
♦ Large and small businessmen and women.
♦ Large and small scale farmers.
BENEFITS OF MEMBERSHIP.
♦ Access low-interest credit facilities and friendly financial advice.
♦ Get high returns on Sacco deposits, Savings, and Dividends.
♦ Participate in Member education forums for the empowerment of members.
♦ Exposure to investment opportunities.
♦ Get quality service through effective customer service.
Winas SACCO Society Ltd Prime Shares
Winas Sacco limited offers to its shareholders an opportunity to increase their Shareholding in Winas Sacco limited. The shares being offered are 5,000,000 ordinary shares
These shares form part of core capital which cannot be refunded but can be transferred to another member through a special shares counter in Fosa. One must maintain a minimum of kshs 10,000 to continue with Sacco membership.
♦ They represent one’s ownership of the Sacco
♦ High dividend rate than any other class of shares in the Sacco every year
♦ One can sell at will part or whole but maintain Ksh 10,000 to continue membership.
♦ Can be considered as a multiplier but not as loan security
♦ Shares insurable and therefore benefit to dependants
♦ These shares can be traded over the counter (OTC) in all Winans Sacco branches
HOW TO BUY WINAS PRIME SHARES THROUGH WINAS SACCO AGENCIES
♦ VISIT WINAS SACCO AGENCY NEAR YOU
♦ HAVE YOUR ORIGINAL ID
♦ HAVE YOUR PHONE WITH SAFCOM LINE IN YOU ACCOUNT
♦ GIVE CASH AND THE ID TO THE AGENT
♦ GUIDE THE AGENT TO DEPOSIT IN SHARES
♦ REPEAT TO THE AGENT THAT THE DEPOSIT IS FOR THE PRIME SHARES(IMPORTANT)
♦ WAIT FOR THE CONFIRMATION DEPOSIT MESSAGE AND THE DEPOSIT RECEIPT
HOW TO BUY WINAS PRIME SHARES THROUGH WINAS PAYBILL SYSTEM
♦ GO TO MPESA
♦ SELECT LIPA NA MPESA
♦ SELECT PAY BILL
♦ TYPE 879600 AS BUSINESS NUMBER
♦ ON ACCOUNT TYPE SH(your ID) Simply put SH followed by your National ID Number and don’t leave spaces in between.
♦ ENTER AMOUNT YOU WANT TO BUY AND PRESS OK
♦ ENTER MPESA PIN THEN OK
♦ WAIT FOR CONFIRMATION MESSAGE FROM WINAS SACCO LTD
FOSA LOANS AND SERVICES:
♦ This is a product open to all to facilitate loans, dividends, refunds, salary processing, cheques etc.
FIXED DEPOSIT ACCOUNT
♦ This type of account is used to keep funds you do not need immediately. The account attracts returns on your savings.
JOLLY JUNIOR ACCOUNT
♦ Avery attractive package for parents and guardians to invest for their dependants future.
♦ A structured saving program for members who desire to save for their vacation or holidays.
♦ Designed to help account holders mobilize financial resources for educational purposes all the time.
♦ Designed to meet the unique needs of operating your sole proprietor enterprises/ registered businesses.
ORDINARY SALARY ADVANCE
♦ This is an instant service. It is repayable with salary or pension through the FOSA. Maximum repayment period of 4months.
SPECIAL SALARY ADVANCE
♦ Treated the same way as salary advance but repayable within 8 months.
FOSA QUICK LOAN
♦ Repayable within 42 months, it’s the loan with longer duration. Very attractive interest rate.
♦ Product is available for those that salary passes through FOSA.
M-WINAS CHAPAA SERVICE
Procedure For USING M-WINAS Service Via USSD
♦ Dial *882# (USSD) on your phone
♦ Bank to MPESA
♦ Select Account Number To Withdraw Money From.
♦ Enter Amount To Withdraw.
♦ Enter Pin To Confirm Transaction.
Applying For Salary in Advice.
♦ Dial *882# (USSD) on your phone.
♦ Mobile Loan.
♦ Salary In Advance.
♦ Enter Pin To Confirm Transaction.
PROCEDURE FOR USING PAYBILL SERVICE (879600)
♦ Go to M-PESA, then Lipa na M-PESA
♦ Enter 879600 as the business number
♦ Enter A/c No, A/c no = PRODUCT CODE + ID NO e.g for payment into shares, enter alphabets SH followed your Identity card number, e.g. SH00000
♦ For Payment into Salary account enter your Account number e.g. FA00000
♦ Enter the amount you wish to deposit (between Ksh10 – Ksh70,000)
♦ Enter your M-PESA PIN