About Kitui Teachers SACCO
Established in 1976 by a group of 11 educators, Kitui Teachers SACCO was founded with a mission to provide its members with a platform for saving and accessing credit. While the SACCO was created in the 1970s, actual loan disbursement began in 1978.
Initially, membership was limited to teachers employed by the government. However, in 2008, the SACCO revised its by-laws to allow employees from various government ministries, agencies, and other organizations to join.
Today, Kitui Teachers SACCO has grown to serve over 20,000 active members and boasts an asset base of Ksh 8.82 billion, making it one of the region’s most established deposit-taking SACCOs.
Who Can Join Kitui Teachers SACCO?
Membership is open to individuals and groups who meet the following eligibility criteria:
Individual Eligibility Criteria:
- Must be 18 years and above
- Open to:
- Teachers employed by the Teachers Service Commission (TSC)
- Government employees and civil servants
- Salaried employees in both public and private sectors
- Entrepreneurs and members of the business community
- Spouses and adult children of eligible members
Kitui Teachers SACCO Membership Requirements
For Individual Members:
- Must be at least 18 years old with a steady income
- Completed membership application form (available on the SACCO website)
- A copy of a valid Kenyan National ID or passport
- One colored passport-size photo
- Entrance fee of Ksh 1,000
- FOSA account opening is free
- Minimum share capital contribution of Ksh 10,000
For Group Members:
- Completed group membership application form (downloadable from the website)
- Official minutes from the meeting resolving to join the SACCO
- Valid IDs, passports, and passport-size photos of authorized signatories
- A copy of the group’s registration certificate
Benefits of Joining Kitui Teachers SACCO
Members enjoy a wide range of financial advantages, including:
- The ability to hold more than two active loans simultaneously, subject to repayment capacity
- Access to competitive loan interest rates
- Attractive dividends and interest on savings and deposits
- Loans provided on a reducing balance basis
- Loan clearance assistance for members under certain conditions
- Quick access to M-Kitui Teachers SACCO FOSA loans
How to Withdraw Membership
Membership in the SACCO is voluntary, and members can opt to withdraw by following these steps:
- Submit a written and signed notice of withdrawal to the SACCO
- Fill out the official withdrawal forms, available at any SACCO branch
- The withdrawal request will be processed within 30 days, after acknowledgment
- Members must first clear all outstanding liabilities with the SACCO before their withdrawal can be approved
Kitui Teachers SACCO Contact Information
Head Office:
Kitui Teachers SACCO Plaza, Kalundu Road, Kitui Town
Phone Numbers:
- 020 801 4596
- 0775 383 227
READ MORE: Kitui Teachers Sacco: Branch Network & Financial Services Guide
