List Of Cosmopolitan Sacco Branches And Contacts

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 : 

Victor Matara

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