About Cosmopolitan SACCO
Formerly known as Nakuru Teachers SACCO, Cosmopolitan SACCO is a licensed deposit-taking SACCO that has been in operation since 1977. Initially formed to serve members of the teaching profession, it has since opened its doors to a broader membership base and now serves over 20,000 members across Kenya.
With an asset base exceeding Ksh 9.13 billion, Cosmopolitan SACCO stands out as one of the largest and most trusted SACCOs in the country.
Eligibility and Requirements to Join Cosmopolitan SACCO
To become a member of Cosmopolitan SACCO, you’ll need:
- A fully completed membership application form
- A copy of your National ID and KRA PIN
- For salaried individuals, a copy of your payslip
- A registration fee of Ksh 1,000
- Monthly contributions as outlined below:
| Member Type | Minimum Monthly Contribution |
|---|---|
| Civil Servants | Ksh 2,300 |
| Cash Members | Ksh 1,800 |
| Groups & Chamas | Ksh 1,600 |
Cosmopolitan SACCO Loan Products
Cosmopolitan SACCO offers a wide range of credit products tailored to different financial needs:
1. Wezesha Loan
- Based on two-thirds of salary
- Only available to permanent employees of TSC, County & National Government
- Repayment: up to 120 months
- Secured by payslip
2. Ardhi Loan
- Tenure: 10 years (salaried), 7 years (cash members)
- Minimum 3 months of SACCO savings required
3. Cosmo Home Loan
- Repayment period: 15 years (salaried), 10 years (cash)
- Requires 1-year bank statement
- House and land used as collateral
4. Development Loan
- Up to 5 times member deposits, subject to the 2/3 salary rule
- Repayment: 72 months
5. FOSA Loan
- Up to 5 times deposits
- Salary must pass through FOSA
- Repayment: 48 months
6. Jijenge Loan
- Up to 5 times deposits
- All income must go through FOSA
- Repayment: 48 months
7. Refinancing Loan
- Given within the remaining repayment period of a major loan
- Loan amount based on outstanding balance
8. Education Loan
- Up to 5 times deposits
- Repayment: 18 months
- Subject to 2/3 rule
9. Emergency Loan
- Up to 5 times deposits
- Repayment: 12 months
10. Pensioner Loan
- Up to 5 times deposits
- Repayment: up to 120 months
11. Chama Loan
- Up to 5 times group deposits
- Repayment: 60 months
- Group minutes and collateral required
12. Biashara Loan
- Up to 4 times deposits
- Collateral required
13. Salary Advance
- Salary must be processed through FOSA
- Repayment: 12 months
14. Salary-In-Advance
- Salary processed through FOSA
- Repayment: 1 month
15. Pension Advance
- Pension salary through FOSA
- Guaranteed by an active SACCO member
16. Fixed Deposit Advance
- Requires a fixed deposit account
- Loan limit: up to Ksh 300,000
17. Building Financing Loan
- Repayment: 15 years (salaried), 10 years (cash)
- Must present a one-year bank statement
Savings Products Offered by Cosmopolitan SACCO
Cosmopolitan SACCO provides a variety of savings options to support members’ financial goals:
- Normal Savings Account
- Fixed Deposit Account
- Holiday Savings Account
- Children’s Savings Account
- Christmas Savings Account
Cosmopolitan SACCO Branches and Contact Information
Below is a list of Cosmopolitan SACCO offices and their respective contact details:
- Head Office – Nakuru
Location: Kijabe Lane, Natec Plaza
Phone: 0722 388 616 - Molo Branch
Location: Molo–Olenguruone Road, next to Mitindo Hardware
Phone: 0716 861 224 - Naivasha Branch
Location: Jonka Building, Biashara Street
Phone: 0700 470 339 - Bahati Branch
Location: Opposite Bahati Stadium
Phone: 0700 470 342 - Subukia Branch
Location: Nyahururu Road, opposite Komothai Building and Kobil Petrol Station
Phone: 0790 261 086 - Narok Branch
Location: Mau–Narok Road, next to Naivas Supermarket
Phone: 0717 546 502 - Mwisho wa Lami Branch
Location: Mau–Narok Road
Phone: 0115 819 417 - Gilgil Satellite Office
Location: Next to KWFT
Phone: 0796 471 764
READ MORE: How to Join Kimisitu SACCO: Membership and Application Guide
