Noble Sacco, established on 10th February 1977, has grown significantly with a current membership of 12,000 and an asset base of Kshs 3.19 billion. It offers a wide range of financial products and services under BOSA, FOSA, and mobile money services.
Membership Eligibility & Requirements
Noble Sacco membership is open to all individuals. Below are the requirements for joining:
- Membership Application
- Complete and submit the membership application form (available on the Sacco’s website or at the offices).
- Registration Fee
- Pay a mandatory membership fee of Kshs 500.
- Monthly Share Contribution
- 10% of basic salary for members on the check-off system, with a minimum of Kshs 1,500.
- Loan Eligibility
- Loans are issued based on shares, with a multiplying factor of 3.
- High monthly turnover in FOSA, BOSA, or microfinance sections is required.
- Payslip ability is considered for formally employed members.
The Noble Sacco Products
(a) BOSA Products
- Emergency Loan
- Super Development Loan
- Refinancing Loan
- College/Fees Loan
- Karibu Loan
- Development Loan
- Normal Loan
(b) FOSA Products
- Salary Advance
- Short-Term Advance
- Agribusiness Advance
- Long-Term Salary Advance
- Super Salary Advance
- Supreme Advance
- Loan Advance
- Loan Clearance Advance
- Refund Advance
- Welfare Advance
- Shares Boosting Advance
- Cheques Advance
- Group Microfinance
- Inuka Microfinance
(c) Mobile Money Services (M-Noble Banking)
M-Noble Banking enables FOSA account holders to transfer cash to M-Pesa conveniently.
Conditions:
- Must have an active FOSA account.
- Must register for the service at the Sacco’s ICT office.
- Set a personalized PIN after receiving the default PIN from the Sacco.
Contacts
- Location: Ronald Ngala Street, Next to Co-operative Bank, Eldoret.
- Phone:
- 0707 559 535
- 0105 119 848