Introduction
Gusii Mwalimu SACCO is a reputable, member-driven financial cooperative offering a wide range of affordable financial services. Established in 1977 and officially operational from 1979, the SACCO has grown to become one of Kenya’s leading deposit-taking SACCOs, with an asset base of approximately Ksh 12.85 billion.
It is designed to meet the financial needs of its members by providing savings, credit, and investment products under fair and sustainable terms.
Who Can Join Gusii Mwalimu SACCO?
Membership is open to individuals from a broad spectrum of professional and institutional backgrounds, including:
- Teachers employed by the Teachers Service Commission (TSC) in primary, secondary, and tertiary institutions
- Lecturers and staff in both public and private universities
- Employees of the TSC Secretariat
- Staff members of Gusii Mwalimu SACCO Society
- Workers in national and county governments, ministries, and state agencies
- Civil servants across various departments
- Employees of NGOs and related organizations
- Retired professionals and pensioners
Gusii Mwalimu SACCO Membership Requirements
To become a member, the following conditions must be met:
- Entrance Fee: Ksh 1,000 (one-time payment)
- Minimum Monthly Deposit Contribution: Ksh 1,000
- Burial Benevolent Fund (BBF): Ksh 200 per month for members within the common bond
- Share Capital Requirement: Ksh 20,000 (can be paid in installments)
- Rejoining Fee: Ksh 1,000 (for former members reapplying)
Financial Products and Services Offered by Gusii Mwalimu SACCO
The SACCO provides services through two key departments: BOSA (Back Office Services Activity) and FOSA (Front Office Services Activity).
BOSA Services
Welfare Services
- Burial Benevolent Fund (BBF):
Supports members and their immediate families with funeral expenses.- Monthly Contribution: Ksh 100
- Risk Fund:
A group insurance cover for all SACCO members.- Monthly Contribution: Ksh 100
Loan Products
- Development Loans
- Emergency Loans
- School Fees Loans
- Refinancing Loans
FOSA Services
Banking and Transactional Services
- Salary, pension, and produce payments
- Clearance of personal loans
- Fixed deposit account options
- Banker’s cheque issuance
- SACCO-linked ATMs available 24/7
- Mobile banking (USSD-based platform)
- Institutional and corporate accounts
Loan Products
- Salary Advance (1-month and 4-month options)
- FOSA Loans: Offered on flexible terms of 12, 24, 30, 36, 48, or 60 months
- Asset Finance: For acquiring movable and immovable assets
- Institutional Advance: Up to 4-month salary advance for qualifying institutions
- E-loan: Short-term 1-month loan accessible via mobile banking
Gusii Mwalimu SACCO Contact Information
Head Office:
Gusii Mwalimu Complex, 1st Floor, Kisii Town
Phone Contacts:
- 0797 906 715
- 058 203 0357
Why Choose Gusii Mwalimu SACCO?
With over four decades of experience in cooperative finance, Gusii Mwalimu SACCO has earned trust through transparent governance, competitive loan rates, member-focused services, and continuous innovation. It remains a top choice for individuals seeking to build wealth, access affordable credit, and secure their financial future.
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