Here is a list of Cosmopolitan Sacco branches and contacts. Cosmopolitan Sacco, formerly Nakuru Teachers Sacco, is a deposit-taking Sacco that has been operational since 1977. With an asset base of more than 6.95 billion, Cosmopolitan Sacco is one of the largest SACCOs in the country.
Cosmopolitan Sacco’s initial membership was drawn from the teaching fraternity. Today, the membership is open to everyone. It boasts a membership of more than 20,869 people.
Requirements To Join Cosmopolitan Sacco
- Duly filled application forms.
- A copy of national ID, payslip for salaried and KRA PIN.
- Registration fee of Kshs. 1,000
The minimum monthly contribution
- Civil servants: Kshs 2,300
- Cash members: Ksh 1,800
- Groups: Ksh 1,600
Cosmopolitan Sacco Products
a) Credit Products
1. Wezesha Loan
- The loan is given strictly within 2/3 of the salary.
- Deducted through checkoff only.
- The repayment period is 120 months.
- Loan is given to TSC, County and National Government Employees who are on permanent & pensionable terms only.
- PAYSLIP is the only security for this loan.
2. Ardhi Loan
- The repayment period is 10 years for salaried members and 7 years for cash members.
- Member must have saved with the Sacco for not less than 3 months.
3. Cosmo Home Loan
- The repayment period is 15 years for salaried members and 10 years for cash members.
- Member to avail one-year bank statement to assess their liquidity.
- Security of the loan is the house and the land occupied.
4. Development Loan
- 5 times member deposits subject to 2/3 rule.
- The repayment period is 72 months.
5. FOSA loan
- 5 times member deposits subject to 2/3 rule.
- The repayment period is 48 months.
- Salary must pass through FOSA
6. Jijenge Loan
- 5 times member deposits.
- Salary must pass through Fosa.
- Other sources of income Must pass through FOSA
- The repayment period is 48 months.
7. Refinancing Loan
- Offered within the remaining period of repayment of the major loan.
- The multiplying factor is as per the major loan less the loan balance.
8. Education Loan
- 5 times member deposits subject to 2/3 rule.
- The repayment period is 18 months.
9. Emergency Loan
- 5 times member deposits subject to 2/3 rule.
- The repayment period is 12 months.
10. Pensioner Loan
- 5 times member deposits.
- The maximum repayment period is 120 months.
11. Chama Loan
- 5 times Chama deposits
- The repayment period is 60 months.
- Collaterals can be used.
- Minutes of the group must be attached to the application.
12. Biashara Loan
- 4 times member deposits.
- Collaterals can be used.
13. Salary Advance
- Salary must Pass through FOSA
- The repayment period is 12 months.
14. Salary-In-Advance
- Salary must pass through FOSA.
- The repayment period is 1 month.
15. Pension Advance
- Pension salary must pass through FOSA.
- Guaranteed by a member with Sacco deposits.
16. Fixed Deposit Advance
- Must have a fixed deposit account.
- Fixed deposit advance to a maximum of Ksh 300,000
17. Building Financing Loan
- The repayment period is 15 years for salaried members and 10 years for cash members.
- Member must provide a 1-year bank statement.
b) Savings Products
Cosmopolitan Sacco savings products include a normal savings account, fixed deposit account, holiday account, children account, and Christmas account.
List Of Cosmopolitan Sacco Branches And Contacts
1. Cosmopolitan Sacco Head office
Location: Kijabe Lane, Natec Plaza, Nakuru
Phone: 0722 388 616
2. Molo Branch
Location: Molo- Olenguruoene Road next to Mitindo Hardware
Phone: 0716 861 224
3. Naivasha Branch
Location: Jonka Building, Biashara Street
Phone: 0700 470 339
4. Bahati Branch
Location: opposite Bahati stadium
Phone: 0700470 342
5. Subukia Branch
Location: Along Nyahururu Road, opposite Komothai Building & Kobil Petrol station
Phone: 0790 261 086
6. Narok Branch
Location: Mau – Narok Road next to Naivas Supermarket
Phone: 0717 546502
7. Mwisho Wa Lami Branch
Location: Mau- Narok Road
Phone: 0115819417
8. Gilgil Satellite Office
Location: next to KWFT
Phone: 0796 471 764
Worth Checking Out :
- List Of Best Saccos To Join In Kenya
- List of Largest Deposit-Taking Saccos In Kenya By Asset Base
- List of All Licensed SACCOs In Kenya
