Get well researched, accurate and the latest details on Mwalimu National Sacco’s Contacts, Branches, Loans, Savings, Dividends, Membership Requirements and Shares. This article also provides complete details on Mwalimu National Sacco’s Mobile Banking, USSD Code, Mobile App, M-Pesa Paybill Number, ATM Cards, BOSA Products, FOSA Services and Frequently Asked Questions plus their updated answers.
Mwalimu National Sacco’s Quick Facts File
| SACCO Official Name | Mwalimu National Sacco |
| Primary Target Sector | Education/Teachers |
| Head Office | Nairobi |
| County | Nairobi |
| Postal Address | P.O. Box 73620-00200 |
| Regulatory Tier | Tier 1 |
| Total Assets (Ksh B) | 68.89 |
| Total Deposits (Ksh B) | 52.19 |
Mwalimu National Deposit-Taking Sacco Society Limited (Mwalimu National Sacco) is the largest financial cooperative in Kenya and across the African continent by asset base. Established in 1974 to serve teachers under the Teachers Service Commission (TSC), the Sacco officially opened its common bond in 2023. It now welcomes civil servants, county workers, private-sector professionals, small and medium enterprises (SMEs), and Kenyans in the diaspora.
1.Mwalimu National Sacco’s Performance & Growth
Headquartered in Nairobi, Mwalimu National is a systemically important Tier-1 cooperative whose sheer financial size rivals several commercial banks in East Africa.
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Total Asset Base: Reached KSh 76.3 Billion (up 10.8% year-on-year).
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Loan Book Expansion: Gross loans and advances to members grew to KSh 56.3 Billion.
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Total Member Deposits: Stood at KSh 56.5 Billion.
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Net Operating Surplus: Rose by 76.3% to KSh 1.27 Billion.
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Leadership Team: Led by Chief Executive Officer (CEO) Kenneth Odhiambo and Board Chairman Joel Gachiri.
Mwalimu National Sacco’s Annual Payout Rates
The board declared its historical return rate, distributing a multi-billion shilling total payout to its extensive member grid:
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Dividend on Share Capital: 13.00%
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Interest on Member Deposits (Rebates): 10.05%
2. Mwalimu National Sacco’s Digital Services & Modernized Payments
Mwalimu National features highly automated virtual banking rails designed to eliminate manual branch processing and long lines.
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USSD Code: Dial
*633#to check balances, review mini-statements, and initiate mobile fund extractions. -
Mobile App: MwalimuHela App (Available on Google Play and Apple App Store). Features upgraded options to trade shares within the platform and toggle privacy controls on balances.
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Real-Time Interbank Payments: Integrated directly with PesaLink, RTGS, and EFT. Members can seamlessly send or receive instant transfers up to KSh 999,999 per transaction through the app or member portal.
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M-Pesa Paybill Number: 541900 (Use your official Membership Number as the Account Number to route savings contributions or loan repayments directly).
3. Mwalimu National Sacco’s Financial Products & Strategic Shifts: Loans
Mwalimu National Sacco’s BOSA (Back Office Service Activity)
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Non-Withdrawable Deposits: Act as the foundation for your borrowing power (traditionally multiplying loan caps up to 3 or 4 times your saved portfolio) while earning annual interest rebates.
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Share Capital: The non-refundable core equity holding that establishes voting and institutional ownership, earning high-rate annual dividends. Members can choose to capitalize these dividends directly into boosting their shares via the portal.
Mwalimu National Sacco’s FOSA Savings & Liquid Management
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MwalimuHela Transactional Account: Houses monthly salary processing, standard over-the-counter liquidity, and instant mobile-wallet links.
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Fixed Deposit Accounts: Offers custom windows to lock corporate or individual capital at premium, negotiated returns.
Mwalimu National Sacco’s Micro-Credit & Inflow Lending
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E-Loan & Short-Term Advances: Instant micro-advances accessible completely paperless via
*633#or the MwalimuHela application, covering emergency or salary shortfalls. -
MSME/Inflow Lending: Moving beyond strict payslip-backed loans, the Sacco monitors business cash flows (via integrated M-Pesa business Till and Paybill numbers) to determine creditworthiness for self-employed members.
4. Mwalimu National Sacco’s Key Partnerships: The KNCCI SME Pact
To aggressively anchor its presence in the open-bond market, Mwalimu National Sacco entered into a landmark Memorandum of Understanding (MoU) with the Kenya National Chamber of Commerce and Industry (KNCCI).
This alliance explicitly targets small traders, informal sector operators, and entrepreneurs who traditionally suffer under predatory digital loan apps. Under this specialized framework, the Sacco extends affordable development credit lines capped at a highly competitive 12% interest rate, heavily supported by structured financial literacy and tight credit-appraisal programs.
5. Mwalimu National Sacco’s Primary Physical Branch Network
While deeply digitized via its online Member Self-Service Portal, Mwalimu National maintains large-scale regional branch offices inside major economic hubs across the country:
| Core Town / City | Physical Branch Location |
| Nairobi (Main) | Tom Mboya Branch, Mwalimu Cooperative House |
| Nairobi (Upper Hill) | TSC Branch, Teachers Service Commission Centre |
| Mombasa | Arrow Plaza |
| Kisumu | Kenya Reinsurance Plaza, Oginga Odinga Street |
| Eldoret | Zion Mall, Uganda Road |
| Nakuru | Vickers House, Kenyatta Avenue |
| Nyeri | Kanisa Road |
| Meru | Stemuki Plaza, Kirukiri Street |
| Kisii | Ouru Complex |
| Kitui | Winlo Complex, Kilungya Street |
| Webuye | Afro Fancy House |
Mwalimu National DT SACCO is born of the premise that we are who we are because a teacher believed in us. We are the largest African Sacco with a membership drawn from teachers all over Kenya. Mwalimu National seeks to enable the people who made all of us who we are today, the TEACHERS, access affordable financial services. We do it simply because our teachers deserve it.
“Mwalimu National moved from DEVELOPMENT HOUSE to TOM MBOYA in 1974. Through the grace of God, 52 years later Mwalimu National acquired land in upper hill and constructed its current premises MWALIMU TOWERS”
Mwalimu National Sacco’s Forms Downloads.
- FOSA Membership Application Form
- Disposal Form of Offer
- Burial Benevolent Fund Claim Form
- Mwalimu National Privacy Notice
- Dividend Capitalization Form
- Burial Benevolent Fund (BBF) Application Form
- Advance Against Expected Interest Rebate Application Form
- Bankers Cheque Application Form
- Prequalification of Suppliers 2026-2027 Advert
- Fixed Deposit Account Application Form
- Golden Application Form
- Fosa Instant Credit Application Form
- Loan Application Form
- Loan Variation Form
- Mwalimu – Hela Application Form
- Shares Variation Form
- Salary In-Advance Form
- ChildHope Foundation Application Form
- Member Details Update Form.
- Undispensed Atm/Mobile Banking Claim Form
- Burial Benevolent Fund (BBF) – Members Updating Next Of Kin
- Mwalimu Hela Application Form
- Nominee Declaration Form
- Mwalimu Debit Card Application Form
- Membership Application Form
- Account Activation Form
- Whistle-Blowers Policy
- Mwalimu National DT Sacco By Laws
- Unblocking of ATM Card Form
- Lost ATM Replacement Form
- Large Cash Transaction Declaration Form
- Internet Banking Application Form
- Sub-Account Application Form
- Karibu Loan Application Form
- Standing Order Form
- BBF Insurance Claim Form
- Membership Application Form (Open Account)
- Shares Transfer Form
- Account Transfer Form
- A Guide on Accessing Members Portal
- Forgotten / Lost PIN Number Request Form
- FOSA Overdraft Application Form
- FOSA Account Activation Form
- Change of Paypoint Form
- Application For Internal Funds Transfer
- Transfer of ATM PIN Mailer Form
- Rebates & Dividend Capitalization Form
- Advert for Ex Officio Members of Vetting Committee
Mwalimu National Sacco’s Membership
Class-A-Membership
- Employees of the Teachers Service Commission in Post Primary, TVET Institutions, TSC Secretariat and Mwalimu SACCO Society staff and employees of any subsidiary of Mwalimu National SACCO Ltd
- Employees of Teachers Service Commission in Primary schools with academic qualifications at the level of Diploma and above
- Lecturers in public and private universities
- Spouses of members and members’ children above 18 years of age in employment
- Former employees of TSC and Government related Primary, Post Primary and TVET education institutions who are in formal employment in private and public sector or in private business
- Employees of Teachers Service Commission in Primary schools with academic qualifications below diploma level may be admitted into membership by the Board on their own merit
- Teachers with academic qualifications at the level of Diploma and above, employed in education- related institutions and teachers registered by TSC and employed by schools’ Boards of Management (BOM), with academic qualifications of the level of Diploma and above.
- Members currently working in government ministries/departments or other institutions already having checkoff facilities with the Society.
- Students previously sponsored by the Society under the Childhope Foundation who are over 18 years and in formal employment.
Class-B-Membership
- Students undertaking education-related studies leading to diplomas and degrees, in technical colleges and universities recognized by the Ministry in charge of Education
- Members who have withdrawn their deposits and have not yet transferred shares to another member
- Members by share capital.
Mwalimu National Sacco’s Products, Loans & Sevices
Mwalimu National Sacco’s Frequently Asked Questions (FAQs)
Get a collection of Frequently Asked Questions (FAQs) for Mwalimu National Deposit-Taking (DT) Sacco, the largest Sacco in Kenya by asset base, originally serving the education sector and now fully open to wider professionals.
1. Membership & Registration
Who is eligible to join Mwalimu National Sacco?
While historically founded for teachers, the Sacco’s common bond is highly inclusive:
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Primary Members: Primary and secondary school teachers (under TSC), lecturers, tutors, and Ministry of Education officials.
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Private & Alternative Educators: Teachers in private academies, international schools, and registered early childhood development centers.
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Other Professionals: Employed corporate workers, civil servants, and state employees.
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Family & Students: Spouses and adult children (18+) of existing members, as well as students pursuing education-related degrees or diplomas.
What documents are required to open an account?
To successfully register, you need to provide:
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A completed Membership Application Form.
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A clear copy of your National ID or valid Passport (both sides).
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Your original current payslip (if employed via payroll check-off).
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Three recent passport-sized photographs.
What are the standard entry-level financial barriers?
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Registration Fee: A one-time onboarding administration fee.
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Minimum Share Capital: Ksh 30,000. This is your permanent institutional equity, granting you full voting rights at the Annual General Meeting (AGM). It is non-withdrawable but transferable or salable to another member if you leave the Sacco. It earns annual dividends.
2. Savings, Accounts, & Dividends
What is the minimum monthly deposit requirement?
The standard mandatory back-office (BOSA) deposit contribution is Ksh 3,000 per month. This accumulated fund dictates your total borrowing capacity and functions as security for your loans. These deposits are fully refundable upon your formal exit from the Sacco.
Does Mwalimu National offer distinct Front Office (FOSA) savings accounts?
Yes, members can access specialized savings programs tailored to distinct life milestones:
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FOSA Ordinary/Salary Account: The operational transactional hub used to process salaries, clear standard checkbooks, and receive disbursed credit.
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Holiday Savings Account: Tailored for travel, leisure, and seasonal family expenses.
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Junior Savers Account: Dedicated accounts opened by guardians to pool academic funds and secure a child’s future.
Can I boost my deposits to instantly qualify for a larger loan?
Yes, deposit boosting is allowed. However, the boosted cash injection is subject to internal Sacco guidelines and clearing timelines before it can be actively applied as part of your total loan-multiplier profile.
3. Loan Matrix & Credit Portfolios
When am I eligible to apply for a development loan?
New members typically become eligible to access main back-office (BOSA) development loans after completing six (6) consecutive months of regular monthly deposit contributions.
What is the maximum borrowing multiplier?
The standard credit facility structural matrix allows you to borrow up to 3 times your accumulated BOSA savings deposits, highly restricted by your net pay verification parameters.
What is the “One-Third Net Pay Rule” under Mwalimu National?
In alignment with strict Kenyan labor statutes and Sacco regulations, your global monthly loan repayments cannot encroach completely into your earnings. Your statutory take-home pay must remain at a minimum threshold of one-third (1/3) of your basic gross salary.
What core credit lines are available to members?
4. Digital Banking & Mobile Channels
How do I access electronic banking services?
Mwalimu National offers fully remote transactional capability through its digital avenues:
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USSD Code Gateway: Dial *638# on your registered line to access automated menus.
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M-Mwalimu Mobile App: Available for download on the Google Play Store or Apple App Store. It offers real-time balance inquiries, mini-statements, and quick-access cash transfers.
How can I securely deposit funds or pay off loans remotely?
You can execute payments directly through your phone via mobile money:
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Access your M-Pesa menu and select Paybill.
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Enter the Mwalimu National Sacco Business Number: 504200.
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Enter the Account Number: Your unique Sacco Member Number (followed by the corresponding product code, like BOSA or FOSA).
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Input the amount, verify with your secret PIN, and submit.
5. Exit Procedures & Support
What happens if I change employers or leave the teaching profession?
You do not lose your membership. Your account is entirely portable. If you switch employers or venture into self-employment, you simply transition your monthly deductions from check-off to alternative direct payment streams like standard bank standing orders or remote mobile paybills.
What is the formal protocol for withdrawing from the Sacco?
Members have the right to voluntarily exit the Sacco at any time by tendering a written notification form.
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A statutory 60-day notice period is required to process and approve full refunds of your member deposits.
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You must fully settle all direct active loan liabilities.
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If you have guaranteed any outstanding loans for other active peer members, you cannot formally exit until those borrowers find alternative members to legally substitute you.
Corporate Contacts & Headquarters
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Headquarters: Mwalimu National Place, Upper Hill, Nairobi, Kenya.
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Direct Customer Care Line: +254 709 898 000
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Official Correspondence Email: [email protected]
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