Gusii Mwalimu Sacco is a member-owned and member-controlled financial institution that was founded in 1977 and began operations in 1979.
At its inception, the Sacco brought together teachers employed by the Teachers Service Commission (TSC) in the Gusii region.
Over the years, it has broadened its membership to include individuals from diverse sectors.
Today, the Sacco serves more than 45,000 members. These include staff from the TSC Secretariat, teachers in primary, secondary, and tertiary institutions, lecturers and staff in both public and private universities, employees of national and county governments across ministries and state departments, NGO employees, pensioners, as well as employees of the Sacco itself.
In terms of services, Gusii Mwalimu Sacco provides both BOSA (Back Office Services Activity) and FOSA (Front Office Services Activity), complemented by mobile banking platforms that make transactions convenient.
Through these services, members are able to access savings, loans, and other products designed to support both personal and professional growth.
To reach its wide membership base, the Sacco has established six branches. The head office is located at the Gusii Mwalimu Complex in Kisii County, with additional branches in Nyamira, Keroka, Ogembo, Kilgoris, and Rongo.
How to Join Gusii Mwalimu Sacco
Registering as a member of Gusii Mwalimu Sacco is simple through the online registration process. The Sacco has made it possible for potential members to apply directly through its official website without the need for physical paperwork.
Step-by-Step Membership Registration Process
- Access the Application
Visit the official Gusii Mwalimu Sacco website and navigate to the membership application page. - Complete the Online Form
Fill in the membership application form with accurate details such as your personal information, ID or TSC number, employer details, and contact information. - Attach Required Documents
Upload or provide scanned copies of:- Both sides of your National Identity Card
- An original, current payslip
- Three recent passport-sized photographs
- Pay Minimum Share Capital
To activate your membership, you are required to contribute the Sacco’s minimum share capital. This payment can often be made in installments rather than as a one-time lump sum, making it easier for new members. - Submit Your Application
Once all details and documents are complete, submit the form online. The Sacco will review your application and confirm your membership.
What You Will Need for Registration
- A completed membership application form
- Copy of your National ID (both sides)
- Current, original payslip
- Three recent passport-sized photographs
- Minimum share capital contribution (payable in installments)
Also Read: Hazina Sacco: Membership Requirements, Loan Options, Savings, And Interest
FOSA Loan Options
E-Loan (1 Month Loan)
The E-Loan is a short-term loan designed for members who need quick access to funds for emergencies or urgent personal needs.
The loan application is processed online, allowing members to complete the process from home or work without visiting a branch. No collateral is required, and repayment is made within one month.
It is best suited for unexpected expenses, urgent bills, or small-scale immediate financial requirements.
Institutional Advances (4 Months)
Institutional Advances are loans provided to organizations such as schools, hospitals, NGOs, and other institutions.
They are intended to support operational needs, infrastructure improvements, or short-term projects.
Repayment is scheduled over four months, and the loan helps institutions access the resources they need without disrupting ongoing activities. This loan is ideal for institutions that require timely financing for growth and development.
Asset Finance
Asset Finance allows members to secure a loan using their existing assets as collateral. It can be used for purchasing vehicles, machinery, equipment, or other business-related assets.
Members can access options such as hire purchase, leasing, or refinancing depending on their needs. Repayment terms are flexible, and interest rates are competitive.
This loan is suitable for members who want to invest in productive assets without selling their existing property.
OSA/FOSA Loans (12–60 Months)
These are medium- to long-term loans designed for personal, business, or project-related financial needs.
Members can choose repayment periods ranging from 12 months to 60 months depending on their capacity and requirements.
These loans are flexible, allowing members to plan repayments in a way that fits their budget. They are commonly used for larger personal expenses, business expansion, or major projects.
Salary Advance (4 Months)
The Salary Advance loan allows members to access up to four months of their salary in advance. Repayments are deducted from future salaries over a four-month period.
This loan is useful for managing temporary cash flow shortages, handling urgent expenses, or bridging financial gaps before the next salary payment.
Also Read: United Nations Sacco: Membership Requirements, Loan Options, Savings And Interest
BOSA Loans
Salary Advance (4 Months)
This loan gives members access to up to four months of their salary in advance. It is designed to help cover pressing financial needs without having to wait for the next payday.
Repayments are deducted directly from future salaries over a period of four months, making it manageable and predictable. It is suitable for short-term financial gaps such as household expenses, minor medical bills, or urgent personal commitments.
Refinancing Loans
Refinancing is available for members who already have existing loans but would like to restructure them. Through this option, members can combine several loans into one, adjust repayment terms, or secure a lower interest rate.
This makes it easier to manage debt, reduce the monthly repayment burden, and in some cases free up cash for other needs. It is an option for members seeking more control over their financial obligations.
School Fees Loans
The School Fees Loan helps parents and guardians pay for education-related expenses without financial strain. It can cover tuition fees, books, uniforms, and extracurricular activities.
The repayment terms are flexible, often structured around school terms or semesters, to make it easier for members to manage payments alongside other household expenses. This loan ensures that a child’s education is not interrupted due to a lack of funds.
Emergency Loans
An Emergency Loan is designed to provide immediate financial assistance in cases of urgent and unforeseen expenses. These may include medical emergencies, car repairs, or urgent home repairs.
The loan is processed quickly, requires minimal paperwork, and comes with flexible repayment options. It is meant to help members deal with unexpected situations without having to disrupt their regular finances.
Follow our WhatsApp Channel and X Account for real-time news updates.
