Get all the details on Asili Sacco Society Limited’s Contacts, Branches, Membership, Loans, Dividends, and Shares on this post. Asili Sacco Society Limited is a Tier-1, deposit-taking Sacco in Kenya, established in 1972. It was originally founded by employees from the Ministry of Health and the Ministry of Agriculture, but it has since expanded its membership to include all civil servants, employees of parastatals, and the private sector.
Asili Sacco Society Limited’s Quick Details
| Name of the Deposit Taking SACCO Society | Postal Address | Physical Location of Head Office | County |
| Asili Sacco Society Limited | P.O. Box 49064 – 00100 Nairobi | Asili Co–op Centre, The Lower Ngara Road, | Nairobi |
| Nairobi |
Continue reading: List of Licensed and Authorized Sacco Societies In Kenya
Asili Sacco Society Limited’s Membership & Regulation
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Regulator: Fully licensed and regulated by the Sacco Societies Regulatory Authority (SASRA).
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Common Bond: Open to individuals, organized groups (Chamas), and corporate bodies.
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Headquarters: Asili Co-operative House, Ngara Road, Nairobi.
Asili Sacco Society Limited’s Core Financial Products
Asili Sacco operates through two main service wings: the Back Office (BOSA) for long-term savings and loans, and the Front Office (FOSA) for banking-style transactions.
1. Savings Products
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Non-Withdrawable Deposits: Monthly contributions that serve as collateral for loans and earn annual interest.
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Junior Star Account: A savings facility designed for children under 18.
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Holiday Account: A dedicated fund for annual vacations or festivities.
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Fixed Deposit: High-interest accounts for members looking to lock away surplus funds for a specific period.
2. Loan Products
| Loan Type | Description |
| Normal/Development | Long-term financing (up to 72 months) for large projects like land or home construction. |
| Super Loan | High-value loans for members with significant deposits and ability to repay. |
| Emergency Loan | Quick processing (usually within 24 hours) for medical or legal emergencies. |
| Education Loan | Specifically for school and university fees, often with a repayment period of 12 months. |
| Asili Instant (Mobile) | Short-term, small-value loans accessed via the mobile app for immediate needs. |
Asili Sacco Society Limited’s Digital Banking Services
The Sacco has invested heavily in the “Asili Mobile” platform. Through the app or the USSD code *483*011#, members can:
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Withdraw cash to M-Pesa.
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Deposit funds directly from M-Pesa to their Sacco accounts.
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Check balances and request statements.
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Apply for and receive mobile loans instantly.
Asili Sacco Society Limited’s Investment & Welfare
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Benevolent Fund: A mandatory welfare scheme that provides a payout to help with funeral expenses for a member, spouse, or child.
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Dividends: Members receive a share of the Sacco’s yearly profits based on their share capital and interest on their deposits.
Asili Sacco Society Limited’s Contact Information
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Phone: +254 20 232 4000 / +254 722 711 759
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Email: [email protected]
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Branches: Nairobi (Ngara and Machakos Avenue), Kisumu, and several satellite offices across the country.
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Website: asilisacco.coop
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Asili Sacco Society Limited’s History
The journey that shaped who we are today
Asili Sacco Society Limited was established in 1972 and is registered under the Cooperative Society Act Cap 490 with registration number CS 2077.
Initially, the Sacco was formed by members of the Ministry of Environment and Natural Resources. However, it has since expanded its common bond to accommodate all interested members.
The Sacco operates both BOSA (Back Office Services Activity) and FOSA (Front Office Services Activity) services. It is fully licensed and regulated by the Sacco Societies Regulatory Authority (SASRA).
Asili Sacco Society Limited’s Membership Statistics:
- Total Members: Over 11,000
The Sacco has expanded its operations by establishing a branch in Muhuru Bay, Migori County, offering both FOSA and Sacco services.
Asili Sacco Society Limited’s Growth
Asili Sacco is a deposit-taking Sacco with a diverse membership spread across the country and even internationally.
Over the years, the Sacco has experienced tremendous growth, reaching a membership of more than 10,000. As of the end of 2024, the Sacco’s balance sheet stood at an impressive over KSH 3 Billion.
Asili Sacco has been an industry pioneer, being the first to introduce the Sacco Link Card. Additionally, we have recently launched Electronic Fund Transfer (EFT) and salary processing in partnership with Co-operative Bank of Kenya.
We are continuously innovating and are currently in the process of introducing more financial products to better serve our members.
Asili Sacco Society Limited’s Technology
At Asili Sacco, we are committed to leveraging technology to enhance our members’ financial experience. Our digital transformation journey has led to the adoption of innovative solutions that provide convenience, security, and accessibility.
One of our key technological advancements is the introduction of EZZY-CASH, our mobile banking application. With EZZY-CASH, members can:
- Check account balances in real-time
- Transfer funds securely and instantly
- Access instant mobile loans
- Pay utility bills and make merchant payments
- View transaction history and statements
Asili Sacco continues to invest in cutting-edge digital solutions to ensure members enjoy seamless financial services. In addition to our mobile app, we are integrating:
- USSD Banking for members without smartphones
- Internet banking for secure online transactions
- Automated loan processing for faster approvals
- Enhanced cybersecurity measures to protect member data
Our vision is to continue being a technology-driven Sacco, offering efficient, secure, and accessible financial services to all our members, whether in Kenya or abroad.
Asili Sacco Society Limited’s Governance
Asili Sacco is proud to be one of the most compliant financial institutions in Kenya. We adhercontent-sectione strictly to all relevant laws and regulations governing the Sacco movement, ensuring transparency, accountability, and sustainability.
Our governance structure is built on strong ethical values, and we operate under the guidelines set by the Sacco Societies Regulatory Authority (SASRA), the Cooperative Societies Act Cap 490, and other relevant financial regulations.
Why Join Asili Sacco Society Limited?
Here are some of the compelling reasons for you to join Asili Sacco Society Limited:
- A trusted and well-regulated Sacco with over 50 years of service
- A one-stop shop for all your savings and investment needs
- Strong governance and leadership ensuring financial stability
- Innovative products tailored to our members’ financial growth
- A community-driven approach to secure a brighter future
Come join us, and let’s grow together as we secure our future generations.
Asili Sacco Society Limited’s Membership Requirements
Your Guide to Asili Sacco’s Membership, Products, and Service Requirements.
- Entrance fees- Ksh. 1,200/= non- refundable
- Rejoining after withdrawal Ksh. 1,200/=
- Minimum contribution-Ksh. 3,000/=
- Monthly BBF contribution of Ksh. 500/=
- Share capital- Ksh. 20,000/=
- Eligible for a loan after 3 months
- Can join even after retirement as a cash member or still retain his PF NUMBER paying through pension and enjoy segmented products and services.
REQUIREMENTS FOR LOAN APPLICATION
- Form duly completed i.e. telephone, contact address, current pay slip not a photocopy
- Any changes in the loan form must be countersigned for.
- Signed with consistent signature
- Guarantors informed of their liability and must assert their signatures
- Must be stamped and signed by the employer.
- Must be signed by branch/county official.
- Loan form must be completed by one person.
- Loans must be payable on a monthly basis. A default of 3 months will be listed with CRB (Credit Reference Bureau).
- This will affect your access to credit facilities from other financial institutions for the next 5 years.
- All loans shall be disbursed through Fosa accounts.
- N:B No member shall have fosa pride and pride reloaded at the same time
- Normal loans are disbursed after 30 days and emergency loans after 2 hours unless otherwise.
- 1/3 rule on basic salary/income applies to all loans applications
- B: A member can qualify for a maximum of 2 short-term loans and 1 long-term loan and all should be running on the payslip.
- Member should tick or specify loan to be cleared by Fosa.
- Member to obtain a statement from the society for any loan clearance by other financial institutions. Members should not use the payslip balance.
- Sufficient guarantors must be provided for all loan applications.
- The member’s loan form must be witnessed.
- Remember the declaration part is mandatory i.e. the member’s consent on any form is vital.
REQUIREMENTS FOR FOSA LOANS
- Members with Fosa loans should not maintain the net salary at Zero.
- Overdraft facility is NOT allowed in Fosa.
- Members with Fosa loans must not change their pay points until their loans have been fully recovered. If this happens, then the loans will be fed in their payslips
- Members with Fosa loans running should not interfere with their pay slips by taking imprest from their employers.
Asili Sacco Society Limited’s Share Capital Requirements.
- Every member must contribute Ksh. 20,000/= as share capital.
- New members should top up their shares to kshs.20,000/=
- Can only be transferable and not withdrawable
- Earn dividend as determined from time to time.
- The share capital is not used for loan eligibility.
- Can increase share capital through dividend capitalization
Asili Sacco Society Limited’s Head Office Contacts.
Asili Sacco Society Limited, Ngara Road, Nairobi Kenya
Frequently Asked Questions About Asili Sacco Society Limited.
Find Quick Answers to Common Queries About Asili Sacco
- This is monthly savings made to the society by its members and is used for loan eligibility.
- Earns interest yearly depending on fthe inancial performance of the Society.
- Used for guarantors of loans to other members.
- It is withdrawable on complete termination of membership or upon death.
- Money invested in a Sacco by its shareholders.
- Long-term source of finance as it represents a unit of ownership.
- Used as a cushion against loss that may be incurred by the Sacco in future.
- Not used for loan eligibility.
- Not withdrawable but transferable in the event of cessation of a member.
- Earns dividends as declared by the Annual Delegate Meeting
This fund provides insurance coverage for members’ loans and savings in the event of death. Upon the death of a member, their outstanding loans are fully cleared, and their savings are paid out to the designated beneficiaries. Additionally, the fund covers burial expenses up to Ksh. 100,000 for the deceased member, Ksh. 60,000 for a declared spouse, and Ksh. 40,000 for a dependent child below 25 years of age.
Yes, by placing a standing order for both deposits and loan and you will enjoy various segmented products and services.
Yes, you can by placing a standing order or direct payments through FOSA facility.
Or make direct payment through the playbill number 638018, Account number YOUR ID NUMBER.
Yes, you can transfer your deposits from another Sacco so long as the cheque is written in the name of Asili Sacco and will be treated as an existing member upon joining the Sacco and will immediately be eligible for a loan.
- Give a written notice of 60 days (normal withdrawal)
- Withdrawal is subject to clearance of all Sacco liabilities
Asili Sacco is owned by members.
- Sacco is licensed and regulated
- Managed by the board of directors and management as per cooperative Society’s Act, Rules and Sacco By-laws.
- Implementation of good Corporate Governance Charter, Code of Ethics and signing code of confidentiality.
- Yearly Annual Delegate Meetings where reports and accounts are represented to delegates.
Yes, after completion of dividend capitalization form.
No, all dividend /interest of loan defaulters will be utilized on defaulted loans and the member gets a receipt.
After three (3) months of saving with the Sacco, the member is entitled to a loan.
- Guarantors (active members) and not loan defaulters
- Members salary
- Monthly deposits
- Collaterals – chattel mortgages.
Through Fosa Ordinary Savings Account
- ATM up to Ksh. 40,000/= daily
- POS up to Ksh. 200,000/= daily
- EZZY CASH up to Ksh. 50,000/= daily
- FOSA counter withdrawal.
- No Mpesa facility.
Only after you have registered with the above facilities
A member can offset his deposits against a loan if he/she is ceasing to be a member but not when active. The member must pay off the loan balance immediately if any.
Members admitted in accordance with the membership policy.
No, it doesn’t. Any amendments on interest will affect new loan applications only.
Yes, that is allowed
On loanees request, the repayment period may be altered at any stage of repaying the loan, provided that the request is within the limits of a particular loan term and is endorsed by all guarantors if extension.
- Loan amount
- Repayment period
- Applicants source of income
- Applicants terms of employment
- Applicants retirement date
- Applicants contact details and location
- Any other details relating to the applicants’ character.
Yes, as long as the society or external party clears for him/her the existing loan at a fee and is recovered upfront.
Yes, a member can discount his loan before maturity up to the maximum of a half the loan at a fee and the remaining half will be disbursed when the loan matures.
- National ID Card
- 2 passport size photo
- Opening balance of Ksh. 1000/=
- Offers banking facilities like any other financial institution.
- Payment of all loans, refunds, dividends etc.
- Contributes overall performance of the Sacco.
- Can access funds at your own convenience via ATM/POS/Msacco
Download application form from the web, complete and forward to the office. Sacco link ATM card is available to all members with Fosa accounts and at an affordable charge.
Report to the head office for card deactivation and police, and apply for replacement
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