Ushuru Sacco is a deposit-taking cooperative society that has been operational since its establishment. With assets exceeding Ksh 6.12 billion, it stands among Kenya’s largest deposit-taking SACCOs. Initially formed for employees of the Customs and Excise Department under the Ministry of Finance, Ushuru Sacco now welcomes membership from KRA employees and individuals from both public and private institutions. The Sacco currently serves over 7,571 members.
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Ushuru Sacco Products
A) Back Office Service Activity (BOSA) Savings Products
- Ordinary Savings
- Standard monthly contributions.
- Deposits act as loan collateral.
- Minimum monthly contribution: Ksh 3,000 or 5% of basic salary.
- Refundable upon membership withdrawal.
- Earns annual interest based on ADM resolutions.
- Investment Savings
- Flexible savings with unlimited deposits and withdrawals.
- Suitable for personal micro-investments.
- Attracts competitive interest rates determined by ADM.
- Accessible via bank deposits, check-off deductions, or mobile banking.
B) Back Office Service Activity (BOSA) Loan Products
- Main Loan
- Up to 3.5 times member savings.
- No maximum limit.
- Repayment: up to 72 months at 1% interest per month.
- Requires guarantors and pay slips.
- Refinancing Loan
- Repeat loan for stalled projects.
- Same terms as Main Loan.
- School Fees Loan
- Covers educational expenses.
- Repayment: up to 24 months.
- Emergency Loan
- For urgent financial needs.
- Repayment: up to 12 months.
- Almasi Loan
- Instant loans processed in 30 minutes.
- Limit: Ksh 100,000.
- Jongea Loan
- Targets first-time applicants.
- Limit: Ksh 200,000.
- TIBA Loan
- Provides additional funding for members with insufficient savings.
- Shujaa Loan
- High-value loans, up to 5 times member savings.
C) Front Office Service Activity (FOSA) Loan Products
- Salary Advance Loan
- Short-term cash advance based on salary.
- Imara Loan
- FOSA-exclusive loan with a 12-month repayment period.
- FOSA Pride Loan
- High-value loans linked to FOSA accounts.
- FOSA Pride on Mobile
- Instant mobile loans up to Ksh 100,000.
- Riziki Loan
- Based on previous year’s deposit interest.
- MPOA Loan
- Mobile loans repayable within 1–3 months.
- Pamoja Loan
- Group loan facility.
- Biashara Bora Loan
- Designed for SMEs and business needs.
D) Savings Products
- Sasa Saving Account
- Main transactional account for members.
- Kwenzi Account
- Savings for children under 18.
- Likizo Account
- Savings for special occasions or festivities.
- Jaza Jaza Account
- Goal-oriented savings plan.
- Fixed Deposit Account
- High-yield savings with limited withdrawals.
- Biashara Bora Account
- Business account for SMEs and corporates.
- Pamoja Account
- Group savings product for chamas and similar entities.
List of Ushuru Sacco Branches and Contacts
1. Head Office
- Location: Ushuru Sacco Centre, Wood Avenue, Kilimani, Nairobi
- Phone: 020 7608700
- Email: [email protected]
2. Mombasa Branch
- Location: Custom House, Ground Floor, Room No. 6
- Phone: 020 2170661
3. Kisumu Branch
- Location: Swan Centre, Ground Floor
- Phone: 020 2391343
4. Eldoret Branch
- Location: Kiptagich House, 4th Floor, Room No. 416
- Phone: 053 8015853
For more details about membership, loans, and savings products, visit the nearest branch or contact them directly using the information provided.
