Airports Sacco Limited is a prominent savings and credit co-operative society in Kenya, primarily serving employees of the Kenya Airports Authority (KAA) and other reputable organizations. Established in 1994, the Sacco has grown significantly, offering a range of financial services designed to empower its members financially.
Membership Requirements
To become a member of Airports Sacco, applicants must:
- Complete a Membership Application Form: This form captures essential personal and employment details.
- Pay an Entrance Fee: A non-refundable fee of Kshs 1,000 is required upon application.
- Purchase Minimum Share Capital: Applicants must buy at least 250 shares, each valued at Kshs 20, totaling Kshs 5,000.
Upon fulfilling these requirements, the applicant’s name is entered into the membership register, and a unique membership number is assigned. The management board admits new members, with confirmation during the subsequent general meeting. Members are also encouraged to obtain a copy of the society’s by-laws at its actual cost.
Rights and Obligations of Members
Rights:
- Participation in General Meetings: Members can attend and vote during general meetings, actively influencing the Sacco’s decisions.
- Eligibility for Election: Members can be elected to various organs of the society, subject to the by-laws.
- Access to Services: Members enjoy all facilities and services offered by the Sacco.
- Information Access: Members have the right to access legitimate information related to the society, including internal regulations, registers, minutes of general meetings, and financial reports.
Obligations:
- Compliance: Members must adhere to all by-laws and decisions made by the Sacco’s organs.
- Financial Contributions: Members are required to buy shares, make deposits, and fulfill any other regular payments as stipulated.
- Liability: In case of insolvency, members are obligated to meet the debts of the society in accordance with the law and the by-laws.
Membership Benefits
Joining Airports Sacco offers numerous advantages:
- Low-Interest Loans: Members can access loans at favorable interest rates, facilitating personal and business financial needs.
- Dividends on Share Capital: Members earn annual dividends based on the Sacco’s performance and their shareholding.
- Real Estate Investments: Through partnerships with entities like the Airports Housing Cooperative Society (AHCS), members have opportunities to invest in real estate, enhancing their financial portfolios.
- Cash Reserve Building: Regular savings and share contributions enable members to build substantial cash reserves over time.
- Fast Financing: The Sacco ensures quick loan processing, providing timely financial support to its members. airportssacco.co.ke
FOSA Products
Airports Sacco offers a variety of Front Office Services Activity (FOSA) products tailored to meet diverse financial needs:
- Salary Account:
- Minimum operating balance of Kshs 500.
- No monthly charges.
- Access to ATM card and mobile banking services.
- Eligibility for FOSA loans up to Kshs 500,000, repayable within 36 months.
- Savings Account:
- Minimum operating balance of Kshs 500.
- No monthly charges.
- Possibility of advances up to six months based on account transactions.
- Option for monthly contributions through the check–off system.
- Children Account:
- Minimum operating balance of Kshs 1,000.
- No monthly charges.
- Access to ATM card and mobile banking services.
- Joint Account:
- Suitable for registered and non-registered groups.
- Minimum operating balance of Kshs 5,000.
- No monthly charges.
- Requirements:
- Group minutes stating the reason for opening the account, signed by the signatories.
- List of group members, ID numbers, and signatures.
- Certificate of registration.
- Company Account:
- Minimum operating balance of Kshs 5,000.
- No monthly charges.
- Requirements:
- A letter on company letterhead, signed by a director, stating the reason for opening the account.
- List of company directors.
- Company signatories.
- KRA PIN certificate.
- Certificate of incorporation.
- Fixed Deposit Account:
- Minimum deposit of Kshs 50,000.
- Interest computed monthly and credited at maturity.
- Early withdrawal leads to forfeiture of accrued interest.
- A certificate of deposit is issued upon depositing the funds.
- Holiday Account:
- No monthly charges.
- Minimum operating balance of Kshs 1,000.
- Access to ATM card and mobile banking services.
BOSA Products and Loan Offerings
Beyond FOSA services, Airports Sacco offers Back Office Services Activity (BOSA) products, which primarily focus on long-term savings and loan services to improve members’ financial well-being.
Types of Loans Available at Airports Sacco
- Normal Loan
- Repayment Period: Up to 48 months
- Interest Rate: 1% per month on a reducing balance
- Eligibility: Must be a member for at least six months and have savings equivalent to at least 1/3 of the loan amount
- Security: Guarantors and shares/deposits
- Emergency Loan
- Purpose: For urgent financial needs such as medical bills and school fees
- Repayment Period: Up to 12 months
- Interest Rate: 1% per month on a reducing balance
- Approval Time: Within 48 hours
- Development Loan
- Purpose: Asset acquisition, real estate, business expansion, and personal development
- Repayment Period: Up to 60 months
- Interest Rate: 1% per month on a reducing balance
- School Fees Loan
- Purpose: To cater for school fees at all levels (primary, secondary, university, and vocational training)
- Repayment Period: Up to 12 months
- Interest Rate: 1% per month on a reducing balance
- Land & Housing Loan
- Purpose: Purchase of land, house construction, and real estate development
- Repayment Period: Up to 72 months
- Interest Rate: 1% per month on a reducing balance
- Security: Title deed, member deposits, and guarantors
- Asset Finance Loan
- Purpose: Purchase of motor vehicles, machinery, and other assets
- Repayment Period: Up to 48 months
- Interest Rate: 1% per month on a reducing balance
- Security: Logbook, insurance policy, and deposits
- Instant Loan (Jijenge Loan)
- Purpose: Short-term financial support
- Approval Time: Within 24 hours
- Repayment Period: 1-3 months
- Interest Rate: 5% per month
- Security: Member savings and deposits
How to Apply for a Loan at Airports Sacco
To apply for a loan, members must:
- Fill in a Loan Application Form (available on the Sacco’s website or offices)
- Provide proof of consistent savings and income
- Have adequate guarantors (if applicable)
- Attach copies of ID and KRA PIN
- Submit the application for approval by the Sacco’s credit committee
How to Check Your Account Balance Using the USSD Code
Airports Sacco provides a mobile banking platform that allows members to access their accounts easily.
Steps to Check Your Balance Using the USSD Code
- Dial
*720#on your mobile phone - Enter your PIN
- Select the “Check Balance” option
- Your current account balance will be displayed on your screen
Other Mobile Banking Services Available via USSD
- Loan application
- Fund transfers
- Bill payments
- Mini-statements
Airports Sacco Contact Information
For inquiries, you can reach Airports Sacco through the following contacts:
Head Office:
📍 Location: Kenya Airports Authority HQS, KAA Fire Training School, Nairobi, Kenya
📞 Phone: +254 (020) 790 3119 / +254 (0) 717 243 119 / +254 (0) 715 843 888
📧 Email: info@airportssacco.co.ke
🌍 Website: www.airportssacco.co.ke
FOSA Office Contacts
📍 Office: JKIA Cargo Terminal
📞 Phone: 020 790 3119
📱 WhatsApp: 0743 294 744
📧 Email: credit@airportssacco.co.ke
BOSA Office Contacts
📱 Mobile: 020 790 3119
📧 Email: bosa@airportssacco.co.ke
Why Join Airports Sacco?
There are numerous benefits to becoming a member of Airports Sacco, including:
✅ Competitive loan interest rates compared to commercial banks
✅ Dividend payments on share capital annually
✅ Convenient mobile banking through USSD (*720#)
✅ Real estate investment opportunities through AHCS
✅ Savings and loan products tailored to members’ needs
✅ Strong financial backing and transparent governance
