Gusii Mwalimu Sacco, established in 1977 and operational since 1979, is a member-owned and controlled financial institution offering a range of financial products and services at affordable rates. With an asset base of Kshs 12.85 billion, it is among the largest deposit-taking Saccos in Kenya.
Membership Eligibility
Members are drawn from the following sectors:
- Education Sector:
- TSC secretariat.
- TSC teachers in primary, secondary schools, and tertiary institutions.
- Lecturers and staff in public and private universities.
- Government Sector:
- Employees of national and county governments, ministries, and state departments.
- Civil servants.
- Private Sector:
- NGO employees.
- Gusii Mwalimu Sacco staff.
- Pensioners:
- Retired individuals.
Membership Requirements
- Financial Contributions:
- Entrance fee: Kshs 1,000.
- Minimum deposit contribution: Kshs 1,000.
- Members’ share capital: Kshs 20,000.
- Burial Benevolent Fund (BBF) contribution for members with the common bond: Kshs 200.
- Rejoining fee: Kshs 1,000.
Gusii Mwalimu Sacco Products & Services
BOSA Services
- Welfare Services:
- Burial Benevolent Fund:
- Monthly contribution: Kshs 100.
- Provides decent burial assistance for members and their immediate families.
- Risk Fund:
- Insurance scheme with a monthly contribution of Kshs 100.
- Burial Benevolent Fund:
- Loan Products:
- Development loan.
- Refinancing loan.
- School fees loan.
- Emergency loans.
FOSA Services
- General Services:
- Salary, pension, and produce payment.
- Personal loan clearance.
- Fixed deposit accounts.
- Sale of banker’s cheques.
- 24-hour in-house ATMs, mobile banking, and Sacco link cash dispensation.
- Corporate accounts for institutions.
- Loan Products:
- Salary Advances:
- 1-month salary advance.
- 4-month salary advance.
- FOSA Loans:
- Loan terms available for 12, 24, 30, 36, 48, and 60 months.
- Special Loans:
- Asset finance.
- Institutional advance (4-month advance).
- E-loan (1-month loan accessible via mobile banking/USSD).
- Salary Advances:
Gusii Mwalimu Sacco Contacts
- Head Office: Gusii Mwalimu Complex, 1st Floor, Kisii Town.
- Contacts:
- Phone: 0797 906 715 / 058 203 0357
