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NSSF Sacco Membership Eligibility & Requirements

NSSF Sacco, previously known as NASSEFU Savings Credit Society, was established on 20th August 1990 by 8 employees of NHIF. It has grown significantly, with over 8,000 members and an asset base of Kshs 2.59 billion.


Membership Requirements

To become a member, the following are required:

  1. Membership Application Form
    • Fill out a membership form, including personal details, next of kin, and nominees.
    • The form can be downloaded from the Sacco’s website.
  2. Attachments
    • One passport size photo.
    • A copy of your ID.
  3. Membership Registration Fee
    • Kshs 1,000 (one-off and non-refundable).
  4. Share Capital
    • Choose from three categories:
      • Category A: Kshs 20,000.
      • Category B: Kshs 10,000.
      • Category C: Kshs 5,000.
    • This fee is non-refundable but transferable to an existing Sacco member upon exit.
  5. Monthly Contributions
    • Kshs 3,200 (includes Kshs 200 for loan guard insurance, which is not part of savings).
  6. Membership Withdrawal
    • Takes 60 days upon receipt of a withdrawal letter.
    • Withdrawal fee: Kshs 1,000.

NSSF Sacco Loan Products

1. BOSA Products

  • Emergency Loan
  • School Fees Loan
  • Fanisi Loan
  • Special Flex Loan
  • Supersaver Loan
  • Refinancing Loan
  • Karo Loan
  • Development Loan
  • Nawiri Loan

2. FOSA Products

  • Jumbo Loan
  • Salary Advance Loan
  • Premium Loan
  • Make Over Loan
  • Tausi Loan
  • FOSA Twiga Loan
  • Mobile Advance Loan
  • Mustard Asset Loan
  • Bima Loan

NSSF Sacco Contacts

  • Location: Social Security House, Block C, Ground Floor, Bishop Road, Nairobi.
  • Contacts:
    • 0111 018 100
    • 020 283 2939

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