Tembea Community Financial Services

The TEMBEA Savings and Credit Cooperative Societies (SACCO) has been instrumental in providing essential financial services to rural communities in Ugunja, Siaya County. Our services are tailored to foster financial inclusion, economic empowerment, and local economic development. We are committed to continuing the impactful social-economic contributions of this initiative through the following products and services:

  • Savings Accounts
    • We offer secure savings accounts with interest-earning opportunities, encouraging members to save for future needs or investments.
  • Credit Facilities
    • Providing various credit and loan facilities, including short-term loans for emergencies, education, or agriculture, as well as long-term loans for housing or business development.
  • Insurance Services
    • Collaborating with underwriters to offer insurance products such as crop insurance for farmers or life insurance for members and their families, safeguarding against unexpected events.
  • Financial Education:
    • Offering financial literacy training and educational programs to enhance members' financial management skills, enabling informed financial decisions and improving overall financial well-being.
  • Remittance Services
    • Facilitating remittance services for members to send and receive money from family members working in urban areas or abroad.
  • Investment Opportunities
    • Partnering with members to invest pooled savings in profitable ventures or community projects like agriculture, small businesses, or infrastructure development.
  • Mobile Banking and Technology Services
    • Leveraging mobile banking and technology to provide convenient services such as mobile money transfers, SMS or app-based account access, and access to financial services through kiosks or agents.
  • Group Lending
    • Utilizing the concept of group lending, where small groups of members collectively guarantee each other's loans, fostering peer support and effectiveness, especially in rural areas.
  • Agricultural and Livestock Financing
    • Offering specialized financing for agricultural and livestock-related activities, including loans for purchasing seeds, fertilizers, livestock, and equipment to support agricultural and livestock endeavors.