- Stima Sacco expands its reach through a new banking partnership
- Members gain access to more channels for depositing into their accounts
- The arrangement adds thousands of access points beyond the Sacco’s branches
Stima Sacco members can now deposit into their accounts at 224 KCB branches and more than 22,000 KCB Mtaani agents across Kenya.
The new partnership with KCB Bank expands the Sacco’s member access network. As a result, members have an alternative to visiting a Stima Sacco branch.
This arrangement adds to Stima Sacco’s current service channels. These include M Stima, Unstructured Supplementary Service Data (USSD), Internet Banking, Agency Banking, Saccolink VISA and Lipa na Stima Sacco.
According to the Sacco, the goal is to extend its reach beyond its physical branches. It also wants to give members more convenient ways to save and transact.
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Stima Sacco described the partnership as an example of how financial institutions can combine their networks, infrastructure and expertise. Together, they can extend services to customers and members.
For members, the immediate change is straightforward. Deposits into their Sacco accounts can now be made through KCB’s extensive branch and agency network. In effect, this adds thousands of access points to the Sacco’s existing channels.
By Khayoyo Ian
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