Ecopillar Sacco, established on 2nd June 1977, began with 163 members primarily drawn from the teaching fraternity. Over the years, its membership has grown significantly, enabling members to improve their standards of living, acquire assets, finance development projects, and achieve economic empowerment. With an asset base of Kshs 1.35 billion, Ecopillar Sacco is among Kenya’s largest deposit-taking Saccos.
Membership Eligibility
Ecopillar Sacco offers three classes of membership:
Class A Members
- Teachers (TSC employed).
- Employees in all ministries.
- County government employees.
- OOP (Office of the President).
- Members of the disciplined forces.
Class B Members
- Ecopillar staff.
- Civil servants.
- Employees of state corporations.
- Staff from sister organizations.
- PTA (Parent-Teacher Associations) members.
- BOM interns (Board of Management interns).
Class C Members
- Business persons.
- Traders.
- Farmers.
- Self-employed individuals.
Membership Requirements
To become a member, you need to:
- Membership Application Form: Fill in the form, available on the Sacco’s website or at its offices.
- Identification:
- Provide a copy of your National ID.
- Submit a passport-size photograph.
- Attach a current payslip (for those contributing via the check-off system).
- Submit a KRA PIN certificate.
- Nominee Form: Fill in a form specifying your next of kin.
- Monthly Contributions:
- Minimum of Kshs 2,000.
- Contribute Kshs 200 monthly to the welfare fund, which covers the death of principal members, their spouses, children, and biological parents.
Ecopillar Sacco Products
FOSA Products
- Savings Account: Secure and flexible personal savings.
- Children’s Account: Savings account tailored for children.
- Fixed Deposit Account: Offers attractive returns on fixed-term savings.
- Loans:
- Salary Advance 1 & 2: Quick-access funds for salaried members.
- Instant Loan: Emergency credit.
- Premium Loan: Higher-value loans for qualified members.
- Karibu Loan: Welcoming new members with financial needs.
- Micro Loan: Small-scale financial solutions.
- Smartphone Loan: For purchasing smartphones.
BOSA Products
- School Fees Loan: For educational expenses.
- Emergency Loan: Quick funds for urgent needs.
- Normal Loan: General-purpose loans.
- Special Loan: Tailored for specific needs.
- Special Development Loan 5 & 6: For larger development projects.
Micro-Credit Products
- Biashara Loan: Business financing.
- Ufugaji Loan: Livestock farming loan.
- Kilimo Loan: Agricultural loan.
ATM Services
Ecopillar Sacco members can access the following:
- Cash Withdrawals.
- Balance Inquiry.
- Mini Statements.
- PIN Reset.
- Payments for:
- Fuel.
- Utility bills.
- Hospital bills.
- Restaurant and hostel expenses.
Contact Information
1. Head Office
- Location: Teachers Plaza, 1st Floor, Makutano Town, Kapenguria.
- Contacts: 020 262 6754 / 0704 541 174.
2. Lodwar Branch Office
- Location: Lodwar, Opposite KCB Bank.
- Contact: 054 21274.
Conclusion
Ecopillar Sacco offers a wide range of financial solutions tailored to meet the diverse needs of its members. From savings accounts to specialized loans and welfare support, the Sacco ensures financial security and growth for its members. Joining Ecopillar Sacco is a step toward achieving financial stability and empowerment through reliable and affordable services.
