This article focuses on Ecopillar Sacco membership eligibility and requirements. Ecopillar Sacco was registered on 2nd June 1977 with a small membership of 163, drawn mainly from the teaching fraternity.
Over the years, the membership has increased owing to the benefit that the sacco has enabled members achieve in terms of improved standards of living, asset acquisition, school fees payment, financing development projects and economic empowerment of members.
With an asset base of 1.35 billion, Ecopillar Sacco is one of the largest deposit-taking Saccos in Kenya.
Ecopillar Sacco Membership Eligibility
Class A Members
- Teachers (TSC employed).
- All ministries (employees).
- County governments.
- OOP.
- Members of the disciplined forces.
Class B Members
- Ecopillar staff.
- Civil servants.
- State corporation employees.
- Staff of sister organisations.
- PTA.
- BOM interns.
Class C Members
- Business persons.
- Traders.
- Farmers.
- Self-employed.
Ecopillar Sacco Membership Requirements
- Fill in the membership application form. The form is available on the Sacco’s website or can be obtained from its offices.
- No entrance fee.
- Copy of National ID.
- A passport size photograph.
- Current payslip for members contributing through check off system.
- Filled nominee form.
- Make minimum monthly contribution of Kshs 2,000 or more.
- Contribute Kshs 200 monthly to the welfare fund. The fund covers death of the principal members, spouse, children and biological parents.
- A copy of KRA PIN certificate.
Ecopillar Sacco Products
FOSA Products
- Savings account.
- Children’s account.
- Fixed deposit account.
- Salary advance 1.
- Salary advance 2.
- Instant loan.
- Premium loan.
- Karibu loan.
- Micro loan.
- Smartphone loan.
BOSA Products
- School fees loan.
- Emergency loan.
- Normal loan.
- Special loan.
- Special development loan 5.
- Special development loan 6.
Micro-credit Products
- Biashara loan.
- Ufugaji loan.
- Kilimo loan.
ATM Services
- Cash withdrawals.
- Balance enquiry.
- Mini statement.
- PIN reset.
- Paying for fuel and utility bills.
- Offsetting hospital bills.
- Offsetting restaurant and hostel expenses.
Ecopillar Sacco Contacts
1. Head Office
Location: Teachers Plaza, 1st Floor, Makutano Town, Kapenguria.
Contacts: 020 262 6754/ 0704 541 174.
2. Lodwar Branch Office
Location: Lodwar, Opposite KCB Bank.
Contact: 054 21274.