Overview
Founded in 1979 under the Co-operative Societies Act (Cap 490), Mwito Sacco is a leading deposit-taking Savings and Credit Co-operative Society in Kenya, regulated by the Sacco Societies Regulatory Authority (SASRA). Committed to fostering a savings culture and providing affordable, diverse, and timely credit, Mwito Sacco serves over 8,104 active members nationwide. Its head office is located in Ngara Estate, next to the Kenya Institute of Curriculum Development in Nairobi.
Who Can Join?
Mwito Sacco welcomes members from all walks of life, with a primary focus on:
- Employees in Kenya Wildlife and Tourism
- Kenya Marines personnel
- Fisheries Research Institute staff
- Private company employees
- Business owners and entrepreneurs
- County government workers
- State commission staff
The Sacco’s open membership policy ensures inclusivity for anyone seeking financial empowerment.
Membership Requirements
To join Mwito Sacco, applicants must:
- Complete a membership application form
- Submit a copy of a National ID or valid passport
- Provide a KRA PIN certificate
- Include two passport-size photographs
- Pay a one-time joining fee of KES 1,000
- Contribute a share capital of KES 20,000, which can be paid in installments
Membership Benefits
Joining Mwito Sacco offers a range of advantages, including:
- Access to affordable loans with interest rates as low as 1% per month
- Dividends and interest on deposits, redistributing profits to members
- Voting rights to influence Sacco decisions through democratic processes
- Exceptional customer service, both in-person and online
- Convenient account access via FOSA Sacco Link card and M-Mwito mobile banking
Financial Products and Services
Mwito Sacco provides a diverse portfolio of Back Office Service Activity (BOSA) and Front Office Service Activity (FOSA) products, along with additional services to meet members’ needs.
BOSA Products
- Development Loan: For long-term personal or business projects
- Top Up Loan: To supplement existing loans
- Manufaa Loan: Flexible financing option
- Emergency Loan: For urgent financial needs
- School Fees Loan: To cover primary and secondary education costs
- College/University Loan: For higher education expenses
- Karibu Loan: Welcoming loan for new members
- Instant Loan: Quick-access credit
- Group Account (Chama): For collective savings and borrowing
FOSA Products
- FOSA Savings Account: General-purpose savings
- Children/Mtoto Account: Savings for young members
- Group Account: For chamas or group savings
- Sacco Link 360: Comprehensive banking solution
- Holiday Savings Account: For vacation planning
- Education Savings Account: For educational expenses
- Salary in Advance: Short-term credit for salaried members
- FOSA Advance: Quick-access financing
FOSA Services
- Clearing third-party cheques
- Immediate salary payment processing upon receipt of cheques
- Prompt disbursement of members’ loans
- ATM services through a partnership with Co-operative Bank
- Standing order facilities for automated payments
- Sale of Co-operative Bank banker’s cheques
- Safe custody for valuable documents
Contact Information
For inquiries or to begin your membership journey, reach out to Mwito Sacco:
Head Office: Ngara Estate, Next to Kenya Institute of Curriculum Development, Nairobi
Phone: 0713 786 028 / 0715 555 390
Email: Not provided; check the Sacco’s website for details
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