Tower Sacco, established on September 15, 1976, is one of Kenya’s largest deposit-taking Saccos with an asset base of Ksh 19.57 billion. Initially formed to serve primary school teachers, it now draws membership from a wide range of individuals and institutions.
Membership Eligibility
Membership is open to individuals and groups from the following sectors:
- Government ministries.
- County governments.
- Teachers Service Commission (TSC).
- Kenya Defense Forces (KDF).
- Kenya Police.
- Kenya Prisons.
- Hospitals.
- Parastatals.
- Farmers.
- Business community.
- Private and public institutions of learning, including non-teaching staff.
Membership Requirements
1. Corporate Employees (Under Check-Off)
- Registration Fee: Ksh 1,000.
- Minimum Share Capital: Ksh 10,000.
2. Premium Members (Individual Employees and Business Persons)
- Registration Fee: Ksh 500.
- Minimum Share Capital: Ksh 2,000.
3. Corporate Partnerships, Diaspora Members, and Groups
- Registration Fee: Ksh 500.
- Minimum Share Capital:
- Corporate Partnerships: Ksh 50,000.
- Diaspora Members: Ksh 25,000.
- Groups: Ksh 2,000.
- Minimum Share Capital:
4. Micro Groups
- Registration Fee: Ksh 300.
- Minimum Share Capital: Ksh 500.
Mandatory Accounts Created Upon Registration
- Ordinary Account: A transactional account.
- Share Deposit: A non-withdrawable savings account used as a loan multiplier.
Tower Sacco Products
1. FOSA Products
- Fosa Loan.
- Fosa Premium Loan.
- Group Premium Loan.
- Mkopo Mashinani.
- Fosa Flex Loan.
- Premium Emergency Loan.
- Bima Loan (in partnership with Tower Tech).
- Boresha Mama.
- Fosa Emergency 24.
- Vuka Loan.
2. Savings Products
- Current Account.
- Business Account.
- Premium Scheme Account.
- Stop Gap Account.
- Education/School Fees Account.
- Sacco Junior Account.
- Ordinary Savings Account.
- Fixed Deposit Account.
3. Farmers Products
- Farm Produce Advance.
- Mbolea Loan.
4. Advance Loans
- Salary Advance.
- Dividend Advance.
- Salary in Advance.
- Kilimo Advance Loan.
5. BOSA Loans
- Normal Loan.
- Special Loan.
- Emergency Loan.
- School Fees Loan.
Tower Sacco Contacts
- Head Office: Ol Kalou FOSA Building, Ol Kalou-Nyahururu Road.
- Contacts: 0723 836 421 / 0733 416 492.
