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:
- Ministry of Education and TSC Employees
- Employees of Various Government Ministries and Parastatals
- Employees of Educational Institutions
- NGO Employees
- Self-Employed Individuals
How to Join Elimu Sacco
- Application Form: Download the membership application form from the Sacco’s website.
- 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.
- Payments:
- One-time membership fee: Kshs 400.
- Monthly deposit: Minimum Kshs 1,750.
Elimu Sacco Products
(a) BOSA Products
- Instant Development Loan
- Repayment period: 36 months.
- Amount: Up to 3 times member’s deposits (less outstanding loans).
- College Fees Loans
- Repayment period: 24 months.
- Amount: Up to 3 times member’s deposits (less outstanding loans).
- Emergency Loan
- Repayment period: 12 months.
- Disbursed within 24 hours.
- Elimu New Vision Loan
- Amount: Up to 4 times deposits (less outstanding loans).
- Repayment: 72 months.
- Interest: 1.375% per month.
- Ji-Connect Loan
- Purpose: To purchase mobile phones and gadgets.
- Repayment: 12 months.
- Super Loan
- Target: Members with sufficient deposits or repayment ability.
- Repayment: 36 months.
- G Patie Tank Loan
- Repayment: 12 months.
- Interest: 13% per annum.
- Development Loan
- Repayment period: 48 months.
- Premier Development Loan
- Repayment period: 30 months.
- School Fees Loan
- Repayable within the school calendar year.
- Elimu Benevolent Fund
- Mandatory contribution:
- Kshs 75/month (individual members).
- Kshs 75/month (spouses).
- Kshs 50/month (children under 18 years).
- Loan Risk Fund
- Contribution: Kshs 100/month (mandatory).
(b) FOSA Products
- Easter Mobile Loan
- Amount: Kshs 12,000 (2 months).
- Interest: 4% per month (deducted upfront).
- Mobile Friday Loan
- Eligibility: Salary processed through FOSA for 3 months.
- Maximum loan: 90% of net salary.
- Investment Mobile Loan
- Amount: Kshs 14,000 (3 months).
- Interest: 4% per month (deducted upfront).
- Mobile Instant Loan
- Eligibility: Minimum Kshs 10,000 BOSA deposit.
- Repayment: 1 month.
- Maximum loan: Kshs 10,000.
- 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.
