Overview
Founded in 1972 and registered under the Co-operative Societies Act (Cap 490) with registration number CS 2077, Asili Sacco Society has grown into a prominent deposit-taking Savings and Credit Co-operative Society in Kenya. Initially serving employees of the Ministry of Natural Resources, it now welcomes members from all sectors. Licensed and regulated by the Sacco Societies Regulatory Authority (SASRA), Asili Sacco operates both Back Office Service Activity (BOSA) and Front Office Service Activity (FOSA). With over 11,000 members and an asset base of KES 3.13 billion, the Sacco is headquartered at Asili Co-op Centre on Ngara Road, Nairobi.
Who Can Join?
Asili Sacco has an open membership policy, inviting individuals and groups from diverse backgrounds to join. Whether you are salaried, self-employed, or part of a group, Asili Sacco offers accessible financial services to support your goals.
Membership Requirements
Membership requirements vary depending on the type of account.
Individual Membership
Salaried Members
- Contribute a minimum share capital of KES 20,000
- Maintain a minimum monthly contribution of KES 3,000
- Pay a non-refundable entrance fee of KES 1,000
- Submit a copy of a National ID or valid passport
- Provide one recent passport-size photograph
- Include a KRA PIN certificate
Business Members
- Contribute a minimum share capital of KES 20,000
- Maintain a minimum monthly contribution of KES 3,000
- Complete a membership application form
- Submit a copy of a National ID or valid passport
- Provide one recent passport-size photograph
- Include a KRA PIN certificate
- Pay a non-refundable entrance fee of KES 1,000
Group Membership
- Provide a copy of minutes with a resolution to open an account
- Submit a copy of the group’s registration certificate
- Include the group’s constitution
- Provide copies of relevant KRA certificates
- Submit copies of signatories’ identity cards
- Include passport-size photographs of the signatories
- Provide a list of group members’ details
- Designate four signatories: three group officials and one group member
- List authorized signatories for the account
- Maintain a minimum account opening balance of KES 5,000
Membership Benefits
Joining Asili Sacco offers:
- Access to a diverse range of savings and loan products tailored to personal, business, and group needs
- Competitive financial services to build wealth and achieve economic stability
- Opportunities to participate in a member-focused cooperative with a strong community presence
- Flexible loan options with favorable terms based on savings contributions
Financial Products
Asili Sacco provides a comprehensive suite of BOSA and FOSA products to meet various financial needs.
BOSA Products
Long-Term Loans
- Okoa Loan: Flexible financing solution
- Ordinary Normal Loan: General-purpose loan
- Special Normal Loan: Enhanced financing option
- Super Normal Loan: Premium loan product
- Super Normal Loan 2: Advanced premium loan
- Maendeleo Loan: For development projects
- Instant Normal Loan: Quick-access financing
- Jipange Asset Finance Loan: For asset purchases like vehicles or equipment
Short-Term Loans
- Emergency Loan: For urgent financial needs
- School Fees Loan: To cover educational expenses
- Refinancing Loan: To restructure existing loans
- Refinancing Loan 2: Additional refinancing option
- Jipange Loan: For personal financial planning
FOSA Products
- FOSA Pride: General-purpose savings or loan product
- Pride Reloaded: Enhanced FOSA offering
- Salary Advance: Quick funds for salaried members
- Salary in Advance: Extended salary-based credit
- Biashara Loan: For business owners
- FOSA Chama Loan: For group-based financing
- FOSA School Fees Loan: For educational costs
- FOSA Angalau: Flexible financing solution
- Uchumi Loan: For economic empowerment
Contact Information
For inquiries or to start your membership journey, contact Asili Sacco:
Head Office: Asili Co-op Centre, Ngara Road, Nairobi
Phone: +254 722 472 823 / +254 733 472 823
READ MORE: Nawiri Sacco: Branch Network and Financial Products Overview
