Defence Savings & Credit Society (DESACCO), established on 10th April 2019, is a savings and credit cooperative society designed for the Kenya Defence Forces (KDF) personnel. The Sacco’s mission is to enhance the socio-economic welfare of its members through affordable financial services.
Membership Eligibility
Membership is restricted to:
- Serving Military Personnel
- Veterans of the Kenya Defence Forces
Membership can be applied for by obtaining an application form from:
- Pay offices
- Welfare offices
- Unit chief clerks
Membership Requirements
- Membership Registration Fee: Kshs 500
- Minimum Monthly Deposit Contribution: Kshs 3,000
- Share Capital: Kshs 20,000
- Account Maintenance Fee (Sharia accounts only): Kshs 1,000
- Sink Fund Contribution: Kshs 300
Defence Sacco Products
(a) BOSA Products
- Emergency Loan
- Designed to help members meet urgent financial obligations.
- Personal Loan
- Flexible credit facility tailored to meet diverse financial needs.
- Karibu Loan
- Available to new members for immediate financial support.
- Elimu Loan
- Education loan to assist members in paying school fees.
- Development Loan
- Affordable credit aimed at helping members invest and grow.
- Premier Loan
- Long-term financing for members requiring additional resources.
- Sharia Loan
- A loan facility adhering to Islamic financial principles.
(b) FOSA Products
- FOSA Current Account
- Operates like a savings account.
- Features:
- No minimum balance required.
- DESACCO m-banking eligibility.
- No monthly charges.
- All BOSA loans below Kshs 1 million are credited to this account.
- Okoa Cash
- Designed to address urgent financial needs.
- Salary in Advance
- Mobile loan facility with extended repayment periods.
- Salary Advance
- Financial support available before the main salary is credited.
- FOSA Personal Loan
- An unsecured loan to meet personal financial needs.
Defence Sacco Contacts
- Location: Ulinzi House, Lenana Road, Hurlingham, Nairobi.
- Phone: 0205 134 900 / 0793 281 989
Defence Sacco ensures financial stability for KDF personnel by providing accessible and tailored financial solutions.