Tower Sacco: Empowering Members Since 1976
With an impressive KSh 19.57 billion asset base, Tower Sacco stands as one of Kenya’s leading deposit-taking cooperatives. Founded in September 1976 to serve primary school teachers, it has expanded to offer financial solutions to diverse professional groups while maintaining its commitment to:
- Regular savings culture
- Responsible borrowing
- Timely loan repayment
Membership Eligibility
Tower Sacco welcomes applications from:
Public Sector Professionals
- Government & county ministry staff
- Teachers Service Commission employees
- Security forces (KDF, Police, Prisons)
- Parastatal employees
Private Sector & Institutions
- Public/private school staff (including non-teachers)
- Hospital employees
- Business owners
- Farming communities
Membership Requirements
1. Documentation
- Completed registration form
- National ID/Passport copy
2. Financial Commitments
- Corporate Employees (Check-Off):
- KSh 1,000 registration
- KSh 10,000 minimum shares
- Premium Members (Individuals/Businesses):
- KSh 500 registration
- KSh 2,000 minimum shares
- Groups/Diaspora Members:
- KSh 500 registration
- KSh 25,000-50,000 minimum shares
- Micro Groups:
- KSh 300 registration
- KSh 500 minimum shares
3. Mandatory Accounts
- Ordinary Account: Transactional
- Share Deposit: Non-withdrawable (loan multiplier)
Financial Products Overview
A. FOSA Loan Products
- FOSA Flex Loan: Flexible repayment
- Bima Loan: Insurance-backed financing
- Vuka Loan: Business revival package
B. Savings Solutions
- Education Account: School fees planning
- Fixed Deposits: High-yield investments
- Sacco Junior: Children’s savings
C. Agricultural Financing
- Farm Produce Advance: Pre-harvest funding
- Mbolea Loan: Fertilizer financing
D. Specialized Loans
- Salary Advance: Short-term liquidity
- Kilimo Advance: Farm input financing
Why Choose Tower Sacco?
- Sector-Specific Expertise
- 48+ years serving educators and civil servants
- Competitive Financial Products
- Tailored loan and savings options
- Regulatory Assurance
- Fully compliant with SASRA regulations
- Financial Inclusion
- Serves both salaried and entrepreneurial members
Contact Information
- Head Office: Ol Kalou FOSA Building, Nyahururu Road
- Customer Service: 0723 836 421 / 0733 416 492
For membership applications or product inquiries, visit your nearest Tower Sacco branch during working hours.
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Key Takeaways for Prospective Members:
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- Multiple membership categories with varying capital requirements
- Specialized loan products for different professions
- Mandatory savings accounts that enhance loan eligibility
- Established track record of financial stability
RELATED TOPIC: Tower Sacco Branch Network: List of Locations & Contacts
