Imarisha SACCO is a top performing Tier-1 Deposit-Taking SACCO in Kenya. Established in 1978 initially as the Kericho Teachers SACCO, the society later rebranded to “Imarisha” to expand its common bond nationally. It now accommodates teachers, civil servants, county employees, MSMEs, corporate entities, and members of the diaspora.
With an asset base exceeding Ksh 18 Billion and over 140,000 active members, it stands out as one of the most financially stable and technologically adaptive cooperatives in the South Rift region and across Kenya. It is fully licensed and regulated by the SACCO Societies Regulatory Authority (SASRA).
Imarisha SACCO’s Quick Facts File
| SACCO Official Name | Imarisha Sacco |
| Primary Target Sector | Education/Community |
| Head Office | Kericho |
| County | Kericho |
| Postal Address | P.O. Box 682-20200 |
| Regulatory Tier | Tier 1 |
| Total Assets (Ksh B) | 24.58 |
| Total Deposits (Ksh B) | 17.99 |
Imarisha SACCO’s Key Information
| Feature | Details |
| Official Name | Imarisha Savings & Credit Co-operative Society Limited |
| SASRA Status | Licensed Deposit-Taking SACCO (Tier 1) |
| M-Banking USSD Code | *451# |
| M-Pesa Paybill | 982100 |
| Minimum Share Capital | 500 Class A shares at Ksh 60 each (Ksh 30,000 minimum) |
| Minimum Monthly Contribution | Ksh 1,600 (Ksh 1,200 BOSA deposits + Ksh 400 Welfare) |
| Head Office | Imarisha Building, Kericho Town |
💡 Tip on Paybill Deposits: When depositing via Paybill 982100, you can use product shortcodes prefixed to your ID number for direct allocation. For example, use
DE[YourIDNumber]for BOSA Deposits orEL[YourIDNumber]for Emergency Loan repayments.
Imarisha SACCO’s Core Products & Services
Imarisha structures its offerings across its Back Office Service Activity (BOSA) for long-term investments and Front Office Service Activity (FOSA) for commercial banking services.
1. Imarisha SACCO’s BOSA Credit Products (Development & Investment)
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Development / Normal Loans: Offered up to 3 times your accumulated BOSA deposits, featuring competitive long-term repayment timelines (e.g., Superior Loan up to 96 months, Ideal Loan up to 84 months).
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Sky & Sky Poa Loans: Tailored high-value credit lines where annual dividends and interest earnings can be directly channeled toward servicing the facility.
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School Fees & Emergency Loans: Short-to-medium term lines addressed within shorter turnarounds, typically carrying a repayment period of 12 to 20 months at a standard 1% per month on a reducing balance.
2. Imarisha SACCO’s FOSA Savings & Transactional Accounts
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Salary Account: Designed for salaried individuals and farmers to route their monthly pay packets, opening windows for salary advances, Inua, and Daraja short-term advances.
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Fixed Deposit Account: High-yield account with a minimum balance threshold of Ksh 20,000 over custom fixed terms (minimum 1 month).
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Parrot Account: A dedicated junior savings account for children under 18 years, requiring an opening balance of Ksh 1,000 and offering preferential interest tiers once balances cross Ksh 5,000.
3. Imarisha SACCO’s Member Welfare Kitty (Sinking Fund)
The mandatory Ksh 400 monthly welfare contribution acts as a powerful safety net for families:
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It completely writes off outstanding loan balances in the event of a member’s demise.
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Provides a designated last expense/consolation package to the next of kin.
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Doubles the deceased member’s accumulated BOSA deposits before paying them out to their designated nominees.
Imarisha SACCO’s Membership Requirements
To register as a Class A member, you must fulfill the following:
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Copy of National ID card or valid Passport.
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KRA PIN certificate copy.
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Passport-sized photograph (usually captured directly at the branch for free).
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Registration / Entrance fee of Ksh 360.
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Committing to meet the statutory Ksh 30,000 share capital and the Ksh 1,600 minimum monthly check-off requirement.
Imarisha SACCO’s Branch Network & Contacts
While deeply anchored in the South Rift (with prominent presence in Kericho, Bomet, Sotik, and Litein), Imarisha has scaled its physical and digital operations across various regions including Nakuru, Eldoret, Nandi Hills, and Narok.
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Customer Care / Hotlines: +254 709 578 000
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Official Mobile App: M-Imarisha App (Available on Google Play Store)
Imarisha Sacco’s Frequently Asked Questions
Here is a comprehensive breakdown of the Frequently Asked Questions (FAQs) regarding Imarisha Sacco (formerly Kericho Teachers Sacco), covering membership, savings products, credit facilities, mobile channels, and asset-backed financing. Indepth answers are also provided.
1. Imarisha Sacco’s Frequently Asked Questions on Membership & Account Opening
Who is eligible to join Imarisha Sacco?
While Imarisha Sacco originated within the teaching profession, it has since opened its bonds. Membership is open to:
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Teachers (TSC, BOM, and private institutions).
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Civil servants and county government employees.
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Salaried employees in the private sector.
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Business owners/Micro-entrepreneurs (MSMEs).
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Chamas, groups, and corporate entities.
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Kenyans living in the diaspora.
What do I need to open an individual account at Imarisha Sacco?
To register as a member, you need to provide:
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A copy of your National ID or Passport.
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A copy of your KRA PIN certificate.
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One recent passport-size photograph.
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Your most recent pay slip (if you are a salaried employee).
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A registration fee of KES 1,000.
How do I become a fully-fledged, dividend-earning member of Imarisha Sacco?
To enjoy full rights (including borrowing and voting), you must purchase the minimum Share Capital requirement, which is currently set at KES 20,000 (200 shares at KES 100 each). This can be paid upfront or accumulated gradually over time.
2. Imarisha Sacco’s Frequently Asked Questions on Shares vs. Non-Withdrawable Deposits
Can I withdraw my Share Capital if I leave Imarisha Sacco?
No. Share capital represents your equity in the SACCO and is non-withdrawable. If you decide to terminate your membership, you can only recover this money by selling or transferring your shares to another existing member of Imarisha Sacco.
What is the difference between FOSA and BOSA savings at Imarisha Sacco?
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BOSA (Back Office Service Activity): This houses your core Non-Withdrawable Deposits. These savings act as collateral for your loans, cannot be withdrawn unless you exit the society, and earn annual Interest on Deposits.
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FOSA (Front Office Service Activity): This functions like a regular bank account. It handles transactional savings, salary processing, fixed deposits, and everyday ATM/mobile withdrawals.
3. Imarisha Sacco’s Frequently Asked Questions on Loans and Credit Facilities
What is the maximum amount I can borrow from Imarisha Sacco?
For most standard BOSA development and emergency loans, you can borrow up to 3 times (or in some specific products, 4 times) the value of your accumulated non-withdrawable deposits, subject to your ability to repay within the stipulated repayment period and the one-third salary rule (for salaried members).
How long do I need to save before applying for a loan at Imarisha Sacco?
New members must consistently contribute to their BOSA deposits for a minimum period of six (6) months to qualify for standard long-term development loans.
What forms of collateral does Imarisha Sacco accept?
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Guarantors: Fellow Imarisha Sacco members whose own deposits are not fully pledged to other loans.
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Tangible Securities: Registered land title deeds, asset logbooks, and fixed deposit certificates.
Can I clear my loan ahead of schedule if I borrowed from Imarisha Sacco?
Yes. Members are allowed to make lump-sum payments or clear their outstanding loan balances early. Imarisha Sacco does not charge early clearance penalties on standard BOSA loans.
4. Imarisha Sacco’s Frequently Asked Questions on Mobile Banking & Digital Channels (Imarisha M-Cash)
What is the official Imarisha Sacco Paybill and USSD code?
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M-Pesa Paybill Number:
984700 -
USSD Code:
*841#
How do I deposit money into my Imarisha account via M-Pesa?
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Go to your M-Pesa menu and select Lipa na M-Pesa > Paybill.
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Enter the Business Number:
984700. -
For the Account Number, enter your specific FOSA Account Number or your Member Number followed by the specific keyword code for the target product (e.g., Deposit, Shares).
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Enter the amount and your M-Pesa PIN to complete the transaction.
Can I apply for a loan on my phone at Imarisha Sacco?
Yes. Through the Imarisha M-Cash app or the USSD code *841#, members can access instant mobile advances (such as M-Cash Advance or Emergency Mobile Loans). These are typically short-term loans repayable within 1 to 3 months, based on your FOSA account activity and credit scoring.
5. Imarisha Sacco’s Frequently Asked Questions on Specialized Products (Imarisha Sanaa & Diaspora)
What is the Imarisha Sanaa Loan?
This is a tailored asset-financing product designed to help members acquire items like water tanks, solar equipment, agricultural machinery, or consumer electronics through certified partner merchants, with flexible repayment terms.
Can Kenyans in the diaspora open an account with Imarisha Sacco?
Yes. Imarisha Sacco has a dedicated Diaspora Banking desk. Registration forms can be downloaded online, and required documents (ID/Passport copies, KRA PIN, passport photos) can be certified and submitted electronically. Remittances are done via international wire transfers or specialized digital remittance partners directly into the SACCO’s accounts.
Is the Sacco Registered by SASSRA?
Yes. The Sacco is registered by the SACCO Societies Regulatory Authority (SASRA) as a Deposit Taking Sacco.
What is the Sacco’s Tier?
The Sacco is registered by the Sacco is registered by the SACCO Societies Regulatory Authority (SASRA) as a Tier 1 Sacco.
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