IG (Invest & Grow) Sacco, formerly known as Kakamega Teachers Sacco, is a top-tier deposit-taking Sacco in Kenya that has been operational since 1977. Initially serving the teaching fraternity, IG Sacco has expanded its reach and now attracts members across various sectors, including civil servants, self-employed individuals, and corporate entities. With a membership base of over 44,180 and an asset base of Ksh 12.96 billion, IG Sacco has established itself as one of the largest deposit-taking Saccos in the country.
This article outlines the wide range of products offered by IG Sacco and the Sacco’s branch locations.
IG (Invest & Grow) Sacco Products
a) FOSA Products
These Front Office Savings Activities (FOSA) products are designed to provide quick access to loans and other financial services.
- FOSA Loan
- Repayment Period: 24 months
- Processing Time: 4 hours
- Security: Non-withdrawable deposits, salary, savings, guarantors, and acceptable tangible securities
- Multiplier: 10 times your non-withdrawable deposits
- Requirements: Latest payslip, signed loan application form, salary payment through FOSA for 3 consecutive months
- FOSA Plus Loan
- Repayment Period: 12 months
- Processing Time: 4 hours
- Security: Non-withdrawable deposits, salary, savings, guarantors, and acceptable tangible securities
- Multiplier: 10 times your non-withdrawable deposits
- Akiba Loan
- Repayment Period: 24 months
- Processing Time: 4 hours
- Security: Non-withdrawable deposits, Akiba savings, salary, guarantors
- Multiplier: 2 times your Akiba savings
- Empowerment Loan
- Repayment Period: 72 months
- Processing Time: 1 month
- Security: Non-withdrawable deposits, salary, savings, guarantors
- Multiplier: 10 times your non-withdrawable deposits
- Progressive Loan
- Repayment Period: 48 months
- Processing Time: 1 month
- Security: Non-withdrawable deposits, salary, savings, guarantors
- Multiplier: 10 times your non-withdrawable deposits
b) BOSA Products
Back Office Savings Activities (BOSA) loans cater to longer-term financial needs and investments.
- Normal Loan
- Repayment Period: 48 months
- Processing Time: 1 month
- Security: Non-withdrawable deposits, salary, savings, guarantors
- Multiplier: 4 times your non-withdrawable deposits
- Automobile Loan
- Repayment Period: 60 months
- Processing Time: 1 month
- Security: Non-withdrawable deposits, salary, savings, guarantors
- Multiplier: 4 times your non-withdrawable deposits, capped at KES 900,000
- Haraka Loan
- Repayment Period: 12 months
- Processing Time: 4 hours
- Security: Non-withdrawable deposits, salary, savings, guarantors
- Multiplier: N/A
- Jipange Loan
- Repayment Period: 24 months
- Processing Time: 4 hours
- Security: Non-withdrawable deposits, savings, commitment letter from Pensions Department, and at least 3 guarantors
- Multiplier: 1.5 times your non-withdrawable deposits
- Prime Loan
- Repayment Period: 72 months
- Processing Time: 1 month
- Security: Non-withdrawable deposits, salary, savings, guarantors
- Multiplier: 5 times your non-withdrawable deposits
List of IG (Invest & Grow) Sacco Branches and Contacts
- IG (Invest & Grow) Sacco Head Office
- Location: Khalisia Road 3, IG Sacco Plaza, Kakamega
- Phone: +254 726 340 851 / +254 736 333 334 / +254 56 2030864
- Email: info@igsaccoltd.co.ke
- Malava Branch
- Contact: 0702 580079
- Mbale Branch
- Contact: 0702 579892
- Mumias Branch
- Contact: 0702 579882
- Butere Branch
- Contact: 0702 579960
- Lumakanda Branch
- Contact: 0702 579950
- Serem Branch
- Contact: 0757 968003
- Luanda Branch
- Contact: 0769 351681
IG Sacco continues to provide comprehensive financial services and products tailored to meet the diverse needs of its growing membership. With branches located strategically across Kakamega and Vihiga counties, members enjoy accessible and reliable financial solutions.
