Overview of Solution Sacco
Solution Sacco, formerly known as Meru Mwalimu Sacco, was founded in 1976 as a financial cooperative primarily serving teachers in the larger Meru District. Over the years, it has grown to become one of Kenya’s leading deposit-taking SACCOs, boasting an asset base of Ksh 8.31 billion.
The SACCO’s membership has expanded beyond educators and now includes individuals from a wide range of sectors including:
- Teachers under the Teachers Service Commission (TSC)
- TSC secretariat staff
- Employees from the Office of the President
- Members of the Kenya National Union of Teachers (KNUT)
- Civil servants, cooperative societies, education ministry staff
- Chamas, business owners, and other community-based groups
Solution Sacco Products and Services
Solution Sacco offers a broad spectrum of financial solutions through both Back Office Services (BOSA) and Front Office Services (FOSA). Over time, the SACCO has diversified its offerings to cater to the varied financial needs of its growing membership.
1. BOSA Services (Loans and Credit Facilities)
These services are designed to provide access to credit through member deposits. Some of the popular loan products under BOSA include:
- Normal Loan 1 & 2
- Prestige Loan
- Development Loan
- Super Loan
- School Fees Loan
- Imarika Loan
- Emergency Loan
- Chapaa Mkononi
- Mkombozi Loan
- Jawabu Loan
- Salary Advance
- Solution Moderator Loan
- Maziwa Advance
- Maziwa Chapaa
- Maziwa Tosha
2. FOSA Services (Banking and Transactional Services)
FOSA accounts function similarly to regular bank accounts, enabling members to manage their day-to-day financial transactions with convenience and flexibility.
3. Savings Products
Solution Sacco encourages a savings culture through tailored products such as:
- Standard Savings Account
- Mavuno Account
- Hippo Junior Account
- Education Account
- Holiday Savings Account
- Fixed Deposit Account
- Stop-Gap Pension Account
4. Solution Afya Cover
This is a comprehensive and affordable medical insurance designed for members and their families, providing hospitalization and other health-related benefits at accessible rates.
Digital and Financial Services
To enhance convenience and accessibility, Solution Sacco also provides:
- Mobile banking services
- Sacco ATM and Verve debit card
- Mpesa integration
- Agency banking
- SMS alert notifications
List of Solution Sacco Branches in Kenya
Here are the operational branches of Solution Sacco across the country:
- Head Office – Meru Town
Mwalimu Plaza, Gakoromone Road
Tel: 0728 787 972 / 0734 321 921
Email: [email protected] - Isiolo Branch – 0724 875 110
- Maua Branch – 0725 793 322
- Laare Branch – 064 202 1091
- Nkubu Branch – 0720 051 453
- Timau Branch – 020 203 0092
- Kathwana Branch – 0790 501 349
- Nairobi Branch – 0725 798 210
- Nanyuki Branch – 0798 814 418
- Marimanti Branch – 0748 830 345
- Chuka Branch – 0645 630 000
- Tseikuru Branch – 0795 946 806
- Marsabit Branch – 0110 050 446
- Mikinduri Branch – 0748 024 569
Final Thoughts
Whether you’re a salaried employee, business owner, or part of a community group, Solution Sacco offers tailored financial services to help you save, invest, and grow. With a strong presence in various parts of the country and a legacy of empowering its members since 1976, Solution Sacco remains a trusted partner in financial progress.
READ MORE: How to Join Sheria SACCO: Eligibility and Member Benefits