Mwito Sacco Membership Eligibility & Requirements

Mwito Sacco, a nationwide deposit-taking Sacco, was established in 1979 under the Co-operative Societies Act Cap 490 of the laws of Kenya. Its primary objective is to promote savings and provide affordable and diversified credit facilities to its members. Regulated by the Sacco Societies Regulatory Authority (SASRA), Mwito Sacco has a membership of over 8,104 active contributors.

Membership Eligibility

Mwito Sacco’s membership is open to all and includes:

1. Kenya Wildlife and Tourism employees.
2. Kenya Marines employees.
3. Fisheries Research Institute employees.
4. Private companies.
5. Business people.
6. County governments.
7. State commissions.

Membership Requirements

To join Mwito Sacco, you need:

1. A duly filled membership form.
2. A copy of your National ID/Passport.
3. A KRA PIN certificate.
4. Two passport-size photos.
5. Payment of:
   • Joining fees of Kshs 1,000.
   • Share capital of Kshs 20,000, payable gradually.

Benefits of Membership

1. Access to affordable credit products with interest rates as low as 1% per month.
2. Dividends and interest on deposits are paid back to members.
3. Members participate in decision-making through an electoral process.
4. Exemplary services provided onsite and offline by a dedicated team.
5. Easy account access via FOSA Sacco link card and M-Mwito (mobile banking solution).

Products & Services

BOSA Products

• Development loan.
• Top-up loan.
• Manufaa loan.
• Emergency loan.
• School fees loan.
• College/university loan.
• Karibu loan.
• Instant loan.
• Group account (chama).

FOSA Products

• FOSA savings account.
• Children/mtoto account.
• Group account.
• Sacco link 360.
• Holiday savings account.
• Education savings account.
• Salary in advance.
• FOSA advance.

FOSA Services

1. Clearing of third-party cheques.
2. Immediate salary processing upon cheque receipt.
3. Fast disbursement of loans.
4. ATM services in partnership with Co-operative Bank.
5. Standing order facilities.
6. Sale of Co-operative Bank banker’s cheques.
7. Safe custody services for valuable documents.

Contacts

• Location: Ngara Estate, Next to Kenya Institute of Curriculum Development, Nairobi.
• Contacts: 0713 786 028 / 0715 555 390.