Mwalimu sacco fosa loans. Easy access to loans: .

Mwalimu sacco fosa loans Have at least three guarantors who are Mwalimu National SACCO members. MWALIMU SACCO LOANS. ke 0758328201 Wezesha loan runs for a maximum of 72 months; 2% wezesha processing fee shall be charged on the amount to be advanced. Box 62641 00200 Nairobi, Kenya Tel: +254 020 295 6000 Mobile: +254 709 898 000 Senior Saver Loan; Motorcycle Loan; Individual Loan; Asset Financing Loan; Mwalimu Insurance Premium Financing; For BOSA. P. October 8, 2024 October 8, 2024 Media Team @Educationnewshub. 1. Easy access to loans: Gusii Mwalimu Sacco is a member owned and member controlled financial institution offering a diversity of financial products and services to its members at a reasonably low rate of interest. 34 years later Mwalimu National Jul 8, 2017 · There are three types of loans offered by Mwalimu Sacco. Buy Safaricom Airtime; Withdraw funds from their FOSA Account to M-Pesa Wallet. on monthly balances. O. 1, 000 per month. Jan 8, 2025 · Head Office: Mwalimu Towers, Hill Lane, Off – Mara Road, Upperhill. Benefits of joining Mwalimu SACCO. Make School Head Office: Mwalimu Towers, Hill Lane, Off – Mara Road, Upperhill. Minimum deposits of KShs. Box 62641 00200 Nairobi, Kenya Tel: +254 020 295 6000 Mobile: +254 709 898 000 Gusii Mwalimu Sacco is a member owned and member controlled financial institution offering a diversity of financial products and services to its members at a reasonably low rate of interest. Sep 19, 2023 · FOSA loans (12months, 24 months, 30 months, 36 months, 48 months and 60 months). New members benefit from Wezesha loan immediately after their first direct deduction is made. e. 13. Salary in Advance The Interest Rate is 5%. Savings in the FOSA account can be used as loan security Interest on FOSA savings 10. Maximum loan amount is KShs. This project is currently open to the public. (It can be accessed through mobile banking platform- USSD. A. ke 0758328201 The 50% funds transferred to FOSA to earn 5% interest p. Benefits of joining Mwalimu Sacco. 1 file(s) 18. Some of these charges include: Insurance fee. ke 0758328201 Oct 7, 2024 · Types of SACCOs. 5,000,000/= a). The minimum period for a member to qualify shall apply as per the sacco by-laws. Why SACCO Loans are better. Box 62641 00200 Nairobi, Kenya Tel: +254 020 295 6000 Mobile: +254 709 898 000 2025 Revised Fosa Credit Application Form 2025 Revised Bosa Loans application form Fixed Deposit Account Application Form S. ” As at 31 December 2022 the membership of MNS stands at 117, 337. Download. Amounts range between Kshs. BENEFITS OF A FOSA ACCOUNT; FOSA ADVANCES; In response to members’ housing needs, Mwalimu decided to pilot a housing project in Kisaju and called it – Kisaju Housing Project. Do funds transfer from their account to another account within the SACCO. Mar 22, 2025 · One needs to register for the Go Mobile service at the nearest Mwalimu National FOSA branch. Membership: Targets those in the accountancy profession, including students and institutions offering accountancy training. Mwalimu National seeks to enable the people who made all of us who we are today, the TEACHERS, access affordable financial services. Jan 1, 2024 · Mwalimu Go Mobile App. Mar 22, 2025 · Front Office Services Activities (FOSA) is the banking arm of Mwalimu National that provides basic and affordable banking services to meet members’ needs. Low transaction fees: FOSA accounts offer low transaction fees for members, making it easier and more affordable for members to access financial services. In Kenya, SACCOs are categorized primarily into two main types: Deposit-Taking SACCOs (DT SACCOs) and Non-Deposit-Taking SACCOs (BOSA SACCOs). Deposit-Taking SACCOs (DT SACCOs): Also known as Front Office Service Activities (FOSA) SACCOs, these institutions provide banking-like services, including accepting deposits and providing loans to their members. Easy access to loans: Head Office: Mwalimu Towers, Hill Lane, Off – Mara Road, Upperhill. 72 MB. Member can bridge and consolidate other loans; Loan must be fully guaranteed; Recovery is done at a monthly flat rate combining principle repayment with interest. Ufanisi Loan; Vision loans; Super Loan; Normal Loan; School Fees Loan; Emergency Loan; Wezesha Loan; For Diaspora. BOSA LOAN PRODUCTS (1) Wezesha Loan Wezesha (to enable) loan is a product where members with the ability to pay/service a loan but have not saved enough […] Mwalimu National is born of the premise that we are who we are because a teacher believed in us. Has over 100 branches countrywide. Contacts: 0797 906 715/ 058 203 0357 Head Office: Mwalimu Towers, Hill Lane, Off – Mara Road, Upperhill. SACCO loans DO NOT have hidden charges but Bank loans have A LOT OF HIDDEN CHARGES besides monthly charges. Has over 100 branches May 10, 2024 · Products and Services: BOSA loan products, FOSA products, business loans, welfare loans, and more. All SACCO transactions and payments to members will be done through the member’s Kimisitu FOSA account. They are repayable in 24 months. Box 62641 00200 Nairobi, Kenya Tel: +254 020 295 6000 Mobile: +254 709 898 000 Dec 13, 2024 · Mwalimu National is the largest African Sacco with a membership drawn from teachers all over Kenya. Fosa Instant Credit (36mo) Fosa Instant Credit (12mo) Salary in Advance; Karibu Asset Financing Loan; Mwalimu Insurance Premium Financing; For BOSA. Individual loans are processed at interest rates of 1. Jul 22, 2024 · Gusii Mwalimu Sacco Minimum contribution. , has no defaulted loan. Ourrepayment period is between 36-60 months depending on the amount borrowed. In case of further queries, kindly contact Mwalimu National on 0709 898 000. ke 1 comment. 00 per month for three months. Y. Box 62641 00200 Nairobi, Kenya Tel: +254 020 295 6000 Mobile: +254 709 898 000 Feb 10, 2024 · Head Office: Mwalimu Towers, Hill Lane, Off – Mara Road, Upperhill. ke 0758328201 Gusii Mwalimu Sacco is a member owned and member controlled financial institution offering a diversity of financial products and services to its members at a reasonably low rate of interest. 150,000/= to KShs. Make M-Pesa transfers to personal or any FOSA Account within the SACCO. Apply for Mobile Loans and Advances. Mwalimu National Sacco Contacts. It boasts of 872 completed modern, vibrant apartments and maisonetts with social amenities like; Shopping center Kindergarten Swimming Jan 8, 2025 · Head Office: Mwalimu Towers, Hill Lane, Off – Mara Road, Upperhill. Variation Form Salary In-Advance Form Golden Application Form Instant Credit Application Form Shares Variation Form karibu Loan Application Form Mwalimu – Hela Application Form Nov 24, 2024 · MWALIMU NATIONAL SACCO LOANS. Gusii Mwalimu Sacco gives dividends of 12. Minimum contribution: Kshs. Box 62641 00200 Nairobi, Kenya Tel: +254 020 295 6000 Mobile: +254 709 898 000 Jan 1, 2024 · Check their Account, Savings and Loan Balances. Jul 17, 2024 · What do I need when applying for a Loan at Mwalimu Sacco? A fully completed loan application form. Mwalimu National DT Sacco By Laws 2024. 15 Million Maximum loan repayment term is 120 Months Jun 13, 2024 · While BOSA focuses on providing financial support through loans and interest accrual, FOSA, or Front Office Services Activities, functions as the banking arm of the SACCO. Dec 13, 2024 · MWALIMU SACCO LOANS. Box 62641 00200 Nairobi, Kenya Tel: +254 020 295 6000 Mobile: +254 709 898 000 Nov 25, 2024 · One of the notable milestone Mwalimu National SACCO has achieved is mwalimu sacco members portal where bonafide members can conveniently access services offered at the sacco online without physically visiting branch office. 60,000. One must fill the Society’s Membership application to join the SACCO as a member. Fill and submit duly completed loan application forms accompanied with; A valid copy of National ID/ Passport Head Office: Mwalimu Towers, Hill Lane, Off – Mara Road, Upperhill. FOSA Loans. Location and Branches Mwalimu National moved from DEVELPOMENT HOUSE to TOM MBOYA in 1984. Box 62641 00200 Nairobi, Kenya Tel: +254 020 295 6000 Mobile: +254 709 898 000 To help in this noble exercise, we encourage well-wishers to contribute towards the Foundation through Use of a paybill number 4305050 (Childhope Foundation), your National ID number is the Account number; Direct deposit through the Foundation’s Bank Account or cheque in favor of: Name: Mwalimu National Sacco Society Ltd – CSR Account Jun 28, 2024 · This means teachers can access various financial services like loans, savings, and other benefits offered by the SACCO. Also read: Mwalimu National SACCO loans and how to apply: Check off, Salary loans Head Office: Mwalimu Towers, Hill Lane, Off – Mara Road, Upperhill. 5% to 16% dividends on shares in the company. The financial institution opened its doors in 1977 and started operations two years later, boasts of 31,000 members plus from various organizations. Members should change their M-pins the first time they access this service. Easy access to loans: Apr 28, 2020 · Mwalimu National Sacco FOSA loans. Appraisal/ Processing Fee; Account Maintenance Commission; Accrued Interest Charges (Arrears Account) May 5, 2024 · BENEFITS OF A FOSA ACCOUNT Free account opening No ledger fees /monthly charges Affordable charges Quicker or faster loan processing Faster payment of dividends, Burial Benevolent fund & Risk Claims Bridging/Loan Top up facility available A Mwalimu Debit card – Credit facilities/Advances Mobile banking Internal and external standing orders Early salary processing Funds transfer – […] Jul 22, 2024 · Gusii Mwalimu Sacco Minimum contribution. Utilise maximum 50% of the BOSA deposits net of all liabilities in the Sacco. Box 62641 00200 Nairobi, Kenya Tel: +254 020 295 6000 Mobile: +254 709 898 000 Feb 8, 2025 · It focuses on improving the economic well-being of its over 31,000 members by offering diverse services, including BOSA, FOSA, and mobile banking. Gusii Mwalimu Sacco’s head office is at the Gusii Mwalimu Complex, Kisii County. Golden Product; Karibu Loan; Salary in Advance; Fosa Mar 19, 2025 · Head Office: Mwalimu Towers, Hill Lane, Off – Mara Road, Upperhill. Mwalimu SACCO allows Teachers Service Commission (TSC) employees to access credit and savings services. Its products and services include BOSA loan products, FOSA products, business loans, welfare loans, and more. Maximum loan amount to be determined by the member’s ability subject to the loan being fully guaranteed. Apr 28, 2020 · Mwalimu National Sacco FOSA loans. Gusii Mwalimu Sacco is a member owned and member controlled financial institution offering a diversity of financial products and services to its members at a reasonably low rate of interest. ke 0758328201 Apr 28, 2020 · Mwalimu National Sacco FOSA loans. • Must be a member in good standing i. Asset finance. FOSA instant credit (24 months) Interest rate @ 1. Get Mini-Statement. Front Office Services Activities (FOSA) has products that aim at providing affordable and essential banking services to meet all the teacher's demands. coop For Senior Savers with savings more than their loans and have not guaranteed others canuse the difference to get other loans provided the total loan does not exceed 85% of theirfree deposits. Has premium banking Jan 27, 2025 · Head Office: Mwalimu Towers, Hill Lane, Off – Mara Road, Upperhill. Gusii Mwalimu Sacco has 6 branches, which are located in Nyamira, Keroka, Ogembo, Kilgoris and Rongo. We are the largest African Sacco with a membership drawn from teachers all over Kenya. Go-mobile banking system. Mhasibu Sacco. Box 1335-40200, Kisii- Kenya, Tel: 058 – 2030357, Fax: 058 – 2031021, Head Office: Mwalimu Towers, Hill Lane, Off – Mara Road, Upperhill. 00 for newly employed TSC Teachers disbursed in three tranches of KShs 20,000. 5 million Security: member deposits and conventional collaterals Maximum loan amount is Kshs. Mwalimu National Towers Upperhill- Hill Lane, off Mara Road P. Must be an active member; Salary must pass through the Sacco FOSA; The loan accounts must be up to date in terms of repayments; Dully filled loan To qualify for a loan, you have to: Be a registered Mwalimu National SACCO Society member. The products include: Who is eligible for a loan at Mwalimu National Sacco? • Must be a member of the Sacco. Box 62641 00200 Nairobi, Kenya Tel: +254 020 295 6000 Mobile: +254 709 898 000 The Chief Executive Officer Gusii Mwalimu Sacco Society Ltd, Gusii Mwalimu Complex, 1st Floor, P. The Products offered under BOSA include: These loans are granted for unforeseen circumstances. FOSA Loans (12 months, 24 months, 30 months, 36 months, 48 months and 60 months) Payable up to a maximum of 30 months: Given to members of whose salary or pension is channeled through Fosa account for the entire period of the loan. Golden Product; Karibu Loan; Salary in Advance; Fosa Instant Credit (12mo) Fosa Instant Credit (36mo) Careers Mar 22, 2025 · Go-mobile is a mobile banking system that enables members transact at the comfort of their home or offices. ke 0758328201 Jan 12, 2025 · Gusii Mwalimu Sacco is a member owned and member controlled financial institution offering a diversity of financial products and services to its members at a reasonably low rate of interest. E. Do your banking from wherever you are through Mwalimu National’s new downloadable App or via short code *286*51#. Box 62641 00200, Nairobi, Kenya Tel: 020 295 6000/0709 898 000 Email: mwalimu@mwalimunational. Open diaspora account; Apply membership; For FOSA. 18. 3. Offers competitive loans. E-loan- 1 month loan. To sign up, you must pay Ksh 360 as a joining fee and make a minimum monthly contribution of Ksh 1,000. Mwalimu FOSA transactions are just a hand-set away! You can do your transactions using Mwalimu Go Mobile. Institutional advance- 4 months advance. Nov 25, 2024 · You need to know that the Back Office Services Activities (BOSA) is a department in Mwalimu National which offers various loan products against members’ deposits. The share on capital is Ksh 30,000, and you can get an Imarisha SACCO loan of up to 5 times your contribution. Each loan has its own benefits and targeted groups. Box 62641 00200 Nairobi, Kenya Tel: +254 020 295 6000 Mobile: +254 709 898 000 2025 Revised Fosa Credit Application Form 2025 Revised Bosa Loans application form Bankers’ Cheque Application Form Mwalimu National DT Sacco By Laws 2024 Head Office: Mwalimu Towers, Hill Lane, Off – Mara Road, Upperhill. Upon activation, he/she will receive a username and M-pin. ke 0758328201 Head Office: Mwalimu Towers, Hill Lane, Off – Mara Road, Upperhill. • Must be active i. Box 62641 00200 Nairobi, Kenya Tel: +254 020 295 6000 Mobile: +254 709 898 000 Who is eligible for a loan at Mwalimu National Sacco? • Must be a member of the Sacco. Head Office: Gusii Mwalimu Complex, 1st Floor, Kisii Town. Apr 28, 2020 · Mwalimu National Sacco FOSA loans. Box 62641 00200 Nairobi, Kenya Tel: +254 020 295 6000 Mobile: +254 709 898 000 Head Office: Mwalimu Towers, Hill Lane, Off – Mara Road, Upperhill. Nov 25, 2024 · MNS has changed its name from Mwalimu National Savings and Credit Cooperative Society Limited to “Mwalimu National Deposit Taking Savings and Credit Co-operative Society Limited” and the brand name shall be “Mwalimu National DT Sacco. a. Requirements: Discharge letter (retirement letter) Nov 24, 2024 · new changes in mwalimu sacco business loans Here is the latest Communique from Mwalimu National SACCO management on new changes in their Business Loans; ‘This is to inform you that Mwalimu National Sacco Board Vide MIN/BOD/109/2019 effected the following changes on our Business loan products in line with improving financial services and Gusii Mwalimu Sacco is a member owned and member controlled financial institution offering a diversity of financial products and services to its members at a reasonably low rate of interest. (Should not be more than two months old). ke 0758328201 Jun 9, 2019 · gusii mwalimu sacco society ltd-31,000 members This is one of the oldest teacher’s SACCO in Kenya. The SACCO enjoys membership from all parts of the country. Box 62641 00200 Nairobi, Kenya Tel: +254 020 295 6000 Mobile: +254 709 898 000 The loan(s) must be guaranteed by 2-4 Guarantors, depending on the type of loan applied. Gusii Mwalimu Sacco Dividends. , having saved consistently for the last 3 months. co. Gusii Mwalimu Sacco Contacts. Box 62641 00200 Nairobi, Kenya Tel: +254 020 295 6000 Mobile: +254 709 898 000 Oct 8, 2024 · Mwalimu Sacco FOSA Accounts, Loans, advances. Contribute regularly for at least 3 months with an exception given to Wezesha loan. Unlike BOSA, FOSA offers transactional accounts that allow members to access their funds while still being active members of the SACCO. You can access Fosa advance against this deposit. 5% per month on reducing balance; Repayment period is 24 months. Box 62641 00200 Nairobi, Kenya Tel: +254 020 295 6000 Mobile: +254 709 898 000 Mar 7, 2023 · Mwalimu Sacco' s mission is to mobilize savings and provide competitive financial services that will economically transform the lives of its members. The Kisaju project seats on a 20 acre plot along the Kitengela – Isinya road. Repayment period is within 90 days (3 months) upon receipt of first salary. • Open and maintain Sacco FOSA account. The loans include Wezesha Loan,FOSA loan,and Business loans. Mwalimu National seeks to enable the TEACHERS access affordable financial services. However, members can transfer the Clients with well established businesses, can access business loans directly without grouprequirement. Requirement for the product. The guarantors must be active members of the Sacco and with combined share deposits that fully cover the whole amount of the loan applied. Open monthly standing order from the Golden account to Fosa savings account. info@gusiimwalimusacco. Is it necessary for New members to share their Bank Account details when the Sacco has a FOSA? Not necessarily. Founded by the Institute of Certified Public Accountants of Kenya (ICPAK). TSC employees are requested to release their payslips through the TSC portal. A copy of an acceptable form of identification (National ID/Valid Passport). Jan 16, 2025 · Head Office: Mwalimu Towers, Hill Lane, Off – Mara Road, Upperhill. Attach an original, most recent, certified pay slip. Easy access to loans:. Head Office: Mwalimu Towers, Hill Lane, Off – Mara Road, Upperhill. 25% per month, on reducing balance. If your shares are worth Ksh 1 million, you will earn dividends of Ksh 125,000 to Ksh 160,000 per year. Why SACCO Loans are Apr 19, 2023 · Members can withdraw money, deposit money, and pay bills at any of Sacco’s FOSA branches. Mwalimu SACCO . ejvmwa lymbkwqj egp jcf zfwcck zzk itnjue csqs boruyla ubztkl rpwa jtpxm hgyu yrfqie lke