Mentor Sacco Society Limited is one of Kenya’s oldest and most trusted financial institutions, established in 1977. With over 40 years of experience, the Sacco has grown into a modern financial powerhouse, providing tailored financial solutions to its vast membership. Currently, Mentor Sacco serves more than 25,000 members, offering a wide range of savings and loan products that cater to individuals and organizations alike.
If you are considering joining this fast-growing institution, here is what you need to know about Mentor Sacco’s membership eligibility and requirements.
Mentor Sacco Membership Eligibility
Mentor Sacco membership is open to all individuals and organizations across various sectors. Below are the key groups eligible to join:
- Civil Servants – Government employees from both national and county levels.
- Disciplined Forces – Members of the police, military, and other uniformed services.
- Private Companies – Employees from registered private organizations.
- Approved Entrepreneurs – Business owners and self-employed individuals who meet Sacco’s criteria.
- Groups/Chamas/Other Institutions – Registered investment groups, chamas, and other legally recognized bodies.
- Local Authorities – Officials and employees from municipal and county governments.
- NGOs – Members and employees of Non-Governmental Organizations.
- National and County Government – Employees working under the two levels of government.
Mentor Sacco Membership Requirements
To become a member of Mentor Sacco, the following documentation and conditions must be fulfilled:
- Copy of National ID/Passport – Proof of Kenyan citizenship or valid legal residency.
- Copy of KRA PIN Certificate – For tax compliance purposes, a Kenya Revenue Authority Personal Identification Number (PIN) certificate is mandatory.
- Original Payslip – For those employed under the Board of Governors (BOG) or Parent Teacher Association (PTA), an original payslip or a letter from the principal/head teacher is required.
- Registration Fee – A one-time membership registration fee of Kshs 1,000 is payable upon application.
Once all these requirements are met, individuals can enjoy the full benefits of Mentor Sacco, including access to savings products, loans, and other financial services.
Mentor Sacco Products
Mentor Sacco offers a wide variety of financial products to its members, ensuring that both personal and business needs are adequately met. These products are divided into savings, loan, and investment categories.
(a) Savings Products
- Mentor Holiday Account – Helps members plan and save for their dream holidays.
- Mentor Junior Account – Designed for children, introducing them to financial management basics while helping parents secure their children’s future.
- Mentor Personal Savings Account – Allows members to save for the future or in case of emergencies. This account can be managed through standing orders, contractual agreements, or manual deposits.
(b) BOSA Loans
- Imara Loan – A development loan tailored for members’ long-term growth needs.
- School Fees Loan – Provides quick and affordable financial support for school fees.
- Jijenge 25 Loan – Aimed at members with long-term development projects.
- Instant Loan – Fast and convenient, ideal for members in need of immediate cash for various projects.
- Emergency Loan – Designed to support members facing unexpected emergencies.
- Normal Loan – A flexible borrowing solution to help members meet their financial goals.
- Jijenge 19 Loan – Another option for members with long-term development goals.
(c) FOSA Loans
- FOSA Imara
- Jambo FOSA
- Quick Fix Loan
- FOSA Pride
- Salary Advance
- Salary In Advance
(d) Investment Products
Mentor Sacco also offers several investment products, including:
- Ordinary Deposits
- Golden Account
- FOSA Deposits
- Share Capital
- Mazao Deposits
- Fixed Deposit Account
Contact Mentor Sacco
If you want to learn more about Mentor Sacco’s membership or financial products, you can reach them at the following:
- Head Office: Mentor Complex, Uhuru Highway, Murang’a.
- Contacts: 0111 026 000 / 0704 066 827
Mentor Sacco continues to expand its services, helping Kenyans meet their financial goals while fostering a culture of saving and investment. Joining Mentor Sacco not only opens up a world of financial opportunities but also ensures that you are part of a community committed to wealth creation and financial stability.
