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Elimu Sacco Membership Eligibility & Requirements

Elimu Sacco, established in 1972, is one of Kenya’s leading Saccos, formed by employees from the Ministry of Education. It provides financial services to a broad spectrum of members across different sectors.


Membership Eligibility

The Sacco draws its membership from the following categories:

  1. Ministry of Education and TSC Employees
  2. Employees of Various Government Ministries and Parastatals
  3. Employees of Educational Institutions
  4. NGO Employees
  5. Self-Employed Individuals

How to Join Elimu Sacco

  1. Application Form: Download the membership application form from the Sacco’s website.
  2. Submit Documents: Visit the nearest Elimu Sacco branch with:
    • A copy of your National ID.
    • Two coloured passport-sized photos.
    • A filled membership application form.
  3. Payments:
    • One-time membership fee: Kshs 400.
    • Monthly deposit: Minimum Kshs 1,750.

Elimu Sacco Products

(a) BOSA Products

  1. Instant Development Loan
    • Repayment period: 36 months.
    • Amount: Up to 3 times member’s deposits (less outstanding loans).
  2. College Fees Loans
    • Repayment period: 24 months.
    • Amount: Up to 3 times member’s deposits (less outstanding loans).
  3. Emergency Loan
    • Repayment period: 12 months.
    • Disbursed within 24 hours.
  4. Elimu New Vision Loan
    • Amount: Up to 4 times deposits (less outstanding loans).
    • Repayment: 72 months.
    • Interest: 1.375% per month.
  5. Ji-Connect Loan
    • Purpose: To purchase mobile phones and gadgets.
    • Repayment: 12 months.
  6. Super Loan
    • Target: Members with sufficient deposits or repayment ability.
    • Repayment: 36 months.
  7. G Patie Tank Loan
    • Repayment: 12 months.
    • Interest: 13% per annum.
  8. Development Loan
    • Repayment period: 48 months.
  9. Premier Development Loan
    • Repayment period: 30 months.
  10. School Fees Loan
  • Repayable within the school calendar year.
  1. Elimu Benevolent Fund
  • Mandatory contribution:
    • Kshs 75/month (individual members).
    • Kshs 75/month (spouses).
    • Kshs 50/month (children under 18 years).
  1. Loan Risk Fund
  • Contribution: Kshs 100/month (mandatory).

(b) FOSA Products

  1. Easter Mobile Loan
    • Amount: Kshs 12,000 (2 months).
    • Interest: 4% per month (deducted upfront).
  2. Mobile Friday Loan
    • Eligibility: Salary processed through FOSA for 3 months.
    • Maximum loan: 90% of net salary.
  3. Investment Mobile Loan
    • Amount: Kshs 14,000 (3 months).
    • Interest: 4% per month (deducted upfront).
  4. Mobile Instant Loan
    • Eligibility: Minimum Kshs 10,000 BOSA deposit.
    • Repayment: 1 month.
    • Maximum loan: Kshs 10,000.
  5. Mobile Salary in Advance
    • Maximum loan: 90% of net salary.

Elimu Sacco Contacts

  • Head Office: Elimu House, South B, Mubiru Road, Nairobi.
  • Phone: 020 869 1300 / 0727 013 047 / 0739 599 354.

Elimu Sacco offers diverse products tailored to meet its members’ financial needs, ensuring access to affordable credit and secure savings.

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