Wevarsity Sacco: Membership and Financial Services Guide

Wevarsity Sacco: Supporting Academic Communities Since 2003

Established on October 2, 2003 (Registration No. CS 10243), Wevarsity Sacco operates under the Cooperative Societies Act and SASRA regulations. Originally created to serve university staff, it has grown into a robust financial institution offering diverse products while maintaining strong cooperative values.

Membership Eligibility

Wevarsity Sacco primarily serves:

Academic staff from Masinde Muliro University, Kibabii University, and Kaimosi Friends University College
Employees of Lake Victoria North Water Services Board and ACCES
Residents of Kakamega Town and surrounding areas

Simple Membership Requirements

Prospective members need to provide:

Completed application form (available online or at the office)
Copy of National ID
KRA PIN certificate
One passport-sized photograph
Registration fee of Kshs 500

Comprehensive Financial Products

Loan Facilities

Education Financing
- College fees loan
- School fees loan
- Education savings plan
Personal & Emergency Loans
- Normal loan
- Emergency loan
- Salary advance
- Super salary advance
Asset Financing
- Pikipiki loan (motorcycle financing)
- Maliza miradi loan (project completion)
- Development loan
Specialty Loans
- Passage and baggage loan
- FOSA plus loan
- Instant plus loan

Savings Options

Ordinary savings
Fixed deposit savings
Christmas savings
Education savings

Investment Opportunities

Share capital participation
Plaza shares
Term deposits

Convenient Banking Services

ATM Access
- Available to FOSA account holders
- Maximum monthly withdrawal: Kshs 40,000
Digital Banking
- Mobile and internet banking platforms
- Features include:
  - Loan applications
  - Account management
  - Utility payments
  - Airtime purchase
Cheque Services
- Exclusive to FOSA members
- Commission-free remittance cheques