Ollin Sacco Society, registered on 14th June 1976, began with a modest 163 members. Today, the Sacco boasts over 27,000 active members and an asset base exceeding Kshs 8.18 billion. Notably, it was the first Sacco in Africa and Kenya to operate a Front Office (FOSA) in 1995.
Membership Eligibility
Membership is open to the following groups:
- Primary school teachers.
- Post-primary and secondary school teachers.
- TSC Secretariat (Teachers Service Commission).
- Retired teachers.
- Public officers in government ministries.
- Sacco employees (society employees).
- Employees in private institutions.
- Business community.
Membership Requirements
To join Ollin Sacco, applicants need to:
- Fill out the membership application form available on the Sacco’s website or offices.
- Attach a copy of their ID/Passport and a passport-size photograph.
- Note: No membership fee is charged.
Benefits of Membership
- Access to affordable loans up to 5 times your deposits.
- High dividends at 17.5% on share capital.
- High interest on deposits paid at 12%.
- Instant loan processing with no backlogs.
- Low-interest rates on loans at 1% on reducing balance.
- Salary advance loans of up to Kshs 2,000,000.
- Flexible loan repayment periods of up to 96 months.
- 24/7 access to banking services via *Spotcash (645#) or the Ollinkash app.
Ollin Sacco Products
(a) Savings Products
- Personal Savings Account
- Ordinary savings account.
- Fixed deposit account.
- Call deposit account.
- Joint & Business Accounts
- Joint account.
- Group savings account.
- Business account.
- Future Savings Account
- Stop gap account.
- Education scheme account.
- Mapato savings account.
(b) Loan Products
- Long-term Loans
- Capital loan.
- Investment loan.
- Development loan.
- Prime loan.
- Ollin premium loan.
- Estate loan.
- Supa loan.
- FOSA loan.
- Short-term Loans
- Emergency loan.
- Education loan.
- Fanikisha loan.
- Salary advance loan.
- Alpha loan.
- Business loan.
- Stop gap loan.
- Pamoja loan.
Ollin Sacco Contacts
- Head Office: Along Kerugoya-Kiang’ombe Road, Kerugoya Town.
- Contact: 0724 256 461.
