Tower Sacco Membership Guide

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

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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

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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)

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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

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Why Choose Tower Sacco?

1. Sector-Specific Expertise
   • 48+ years serving educators and civil servants
2. Competitive Financial Products
   • Tailored loan and savings options
3. Regulatory Assurance
   • Fully compliant with SASRA regulations
4. Financial Inclusion
   • Serves both salaried and entrepreneurial members

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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:

• 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