Suluhu Sacco Membership Eligibility & Requirements

This article focuses on Suluhu Sacco membership eligibility and requirements. Suluhu Sacco was registered under the Ministry of Co-operative Development and Marketing in 1995, under the name Mwingi Mwalimu Sacco Society.

The Sacco is regulated as a deposit-taking Sacco by the Sacco Society Regulatory Authority (SASRA), under Sacco Society Act 2008. With an asset base of 1.04 billion, it is one of the largest deposit-taking Saccos in Kenya.

Suluhu Sacco’s mission is to enhance resource mobilisation and to offer quality affordable products and services through efficient and prudent management, so as to maximise customers’ returns.

Suluhu Sacco Membership Eligibility

The Sacco draws its core membership from;

  • Primary and secondary school teachers.
  • TSC staff.
  • KNUT employees.
  • BBF staff.
  • All government and county staff.
  • Civil servants.
  • Employees of NGOs.
  • Private employees.
  • Business people.

Suluhu Sacco Membership Requirements

  • Fill a membership application form.
  • Attach a copy of National ID card.
  • Upon becoming a member, you shall be required to fill a nomination form specifying your next of kin.
  • Once you have been enlisted as a member, you start accumulating your savings. This can be done via; check-off system, over the counter cash deposit, bank standing orders, Mpesa paybill number 737816.

Suluhu Sacco Products

FOSA Loan Products

  • Instant FOSA loan.
  • Special loan.
  • Salary advance loan.
  • Kilimo loan.
  • Emergency salary advance.

BOSA Loan Products

  • Normal loan.
  • Preferential loan.
  • Fanaka loan.
  • School fees loan.
  • Suluhu imarika loan.
  • Business plan loan.
  • Emergency loan.

Seasonal Products

  • Top tanks.
  • Motorbikes.

Savings Products

(a). FOSA Savings Products

  • FOSA savings account.
  • Junior account.
  • Joint/ group/ corporate account.
  • Fixed deposit account.
  • Christmas account.

(b). BOSA Savings Products

  • Share capital.
  • Normal shares.
  • Jipange retirement scheme. Sinking fund.

Other FOSA Products

  • Mpesa.
  • Saccolink ATM card.
  • Salary processing.
  • Cheque processing.
  • M-banking.

Suluhu Sacco Contacts

Head Office: Suluhu Sacco Plaza, Mwingi Town, Opposite IEBC Office, Kyuso Road.

Contacts: 0712 878 475/ 0794 056 489/ 0797 621 555.

Zack Abuyeka

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