Cosmopolitan Sacco, formerly known as Nakuru Teachers Sacco, has been serving Kenyans since 1977. Over the decades, it has grown into one of the largest deposit-taking SACCOs in the country, boasting an asset base exceeding Ksh 9.13 billion. Initially focused on the teaching fraternity, Cosmopolitan Sacco now welcomes all members of the public and has expanded its membership to over 20,869 individuals.
As a leading financial institution, Cosmopolitan Sacco provides a wide range of savings and credit products tailored to meet the needs of its members, from salaried employees to business owners and community groups. This article provides a comprehensive list of the Sacco’s branches across Kenya and their contact information.
Requirements to Join Cosmopolitan Sacco
To become a member of Cosmopolitan Sacco, the following requirements must be met:
- Duly filled application forms.
- A copy of national ID.
- Payslip (for salaried members) and KRA PIN.
- Registration fee of Kshs 1,000.
Minimum Monthly Contributions
- Civil servants: Kshs 2,300
- Cash members: Ksh 1,800
- Groups: Ksh 1,600
Cosmopolitan Sacco Products
a) Credit Products
- Wezesha Loan: For TSC, county, and national government employees. Repayment period of up to 120 months.
- Ardhi Loan: Land purchase loans, with a repayment period of 10 years for salaried members and 7 years for cash members.
- Cosmo Home Loan: Housing loans with a repayment period of up to 15 years for salaried members.
- Development Loan: Up to five times the member’s deposits, repayable in 72 months.
- FOSA Loan: Similar to the development loan but repayable in 48 months.
- Jijenge Loan: Up to five times the member’s deposits, requiring salary and other income to pass through FOSA.
- Refinancing Loan: Available for members looking to refinance existing loans.
- Education Loan: Up to five times the member’s deposits, repayable in 18 months.
- Emergency Loan: Available in urgent situations, repayable within 12 months.
- Pensioner Loan: Specially designed for retirees, with a repayment period of up to 120 months.
- Chama Loan: For groups, with collateral options, repayable in 60 months.
- Biashara Loan: Up to four times member deposits, with collateral options.
- Salary Advance: A short-term loan with a 12-month repayment period.
- Salary-In-Advance: For members needing an advance on their salary, repayable within one month.
- Pension Advance: An advance for pensioners, repayable in 12 months.
- Fixed Deposit Advance: Loans against fixed deposits, with a limit of Ksh 300,000.
- Building Financing Loan: Loans for home construction, with repayment periods of up to 15 years for salaried members.
b) Savings Products
Cosmopolitan Sacco offers a variety of savings products, including:
- Normal Savings Account
- Fixed Deposit Account
- Holiday Account
- Children’s Account
- Christmas Account
List of Cosmopolitan Sacco Branches and Contacts
- Cosmopolitan Sacco Head Office
- Location: Kijabe Lane, Natec Plaza, Nakuru
- Phone: 0722 388 616
- Molo Branch
- Location: Molo-Olenguruoene Road, next to Mitindo Hardware
- Phone: 0716 861 224
- Naivasha Branch
- Location: Jonka Building, Biashara Street
- Phone: 0700 470 339
- Bahati Branch
- Location: Opposite Bahati Stadium
- Phone: 0700 470 342
- Subukia Branch
- Location: Along Nyahururu Road, opposite Komothai Building & Kobil Petrol Station
- Phone: 0790 261 086
- Narok Branch
- Location: Mau-Narok Road, next to Naivas Supermarket
- Phone: 0717 546 502
- Mwisho Wa Lami Branch
- Location: Mau-Narok Road
- Phone: 0115 819 417
- Gilgil Satellite Office
- Location: Next to KWFT
- Phone: 0796 471 764
Conclusion
Cosmopolitan Sacco has grown from its roots in Nakuru’s teaching community to become one of Kenya’s largest and most reliable Saccos, offering a broad range of financial services to its members. With branches spread across key towns, the Sacco provides accessible services for members looking to save, borrow, and invest. Whether you’re seeking a personal loan, a business loan, or a savings product, Cosmopolitan Sacco has a tailored solution for you.
