Invest & Grow (IG) Sacco Society Ltd (formerly known as Kakamega Teachers Sacco) is a prominent Tier-1 Deposit-Taking SACCO in Kenya. Headquartered in Kakamega County, the society primarily serves the teaching fraternity—specifically TSC teachers and civil servants—across Western Kenya (including Kakamega, Vihiga, and neighboring counties), though it has aggressively expanded its membership to the private sector and business community.
Invest & Grow (IG) Sacco’s Quick Facts File
| SACCO Official Name | Invest & Grow (IG) Sacco |
| Primary Target Sector | Education/Teachers |
| Head Office | Kakamega |
| County | Kakamega |
| Postal Address | P.O. Box 1296-50100 |
| Regulatory Tier | Tier 1 |
| Total Assets (Ksh B) | 14.64 |
| Total Deposits (Ksh B) | 8.65 |
Here is a comprehensive profile of IG Sacco based on their current operational and financial milestones:
📊 Invest & Grow (IG) Sacco’s Latest Financial Performance & Profile.
IG Sacco has maintained an upward trajectory, demonstrating strong financial health and avoiding external debt by relying on member liquidity.
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Total Asset Base: Rose to KES 16.404 billion (up from KES 14.644 billion in 2024).
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Total Income: Reached KES 2.288 billion, representing a 14.4% year-on-year growth.
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Loan Portfolio: Expanded to KES 14.103 billion, driven by an enhanced loan uptake and digitized credit products.
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Non-Withdrawable Deposits: Increased by 11.6% to reach KES 9.652 billion.
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Active Membership: Stands at over 29,430 members (with more than 17,000 channeling salaries through FOSA).
💻Invest & Grow (IG) Sacco’s Digital Transformation & Innovation
To increase efficiency and accessibility, IG Sacco has progressively shifted its core Back Office Services Activity (BOSA) and Front Office Services Activity (FOSA) operations online.
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Mobile Banking: Members can manage transactions, check balances, and process M-Pesa transfers via the Invest & Grow Sacco mobile app.
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E-Credit Products: Members have direct access to E-FOSA Loans, E-Loans, E-Salary/Pension Advances, and E-Dividend Advances.
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Operational Upgrades: The Sacco recently implemented an Electronic Document Management System (EDMS), upgraded its e-guarantorship modules, and set up a dedicated customer Call Centre.
🛍️ Invest & Grow (IG) Sacco’s Tailored Savings & Investment Products
Beyond standard savings and credit facilities, IG Sacco markets several specialized sub-accounts:
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Akiba Savings: Designed for long-term goals or retirement planning. It features low minimum monthly contributions (Ksh 100) and yields attractive annual interest.
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Holiday Savers Account: Targeted at members looking to build a savings culture specifically for leisure, travel, weddings, or festive planning.
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Nyota Ndogo Account: A specialized junior savings account designed to build a financial cushion for children while cultivating an early saving habit (Minimum monthly savings: Ksh 200).
Invest & Grow (IG) Sacco’s Frequently Asked Questions (FAQs)
Invest & Grow (IG) Sacco (formerly Kakamega Teachers Sacco) is a regulated Tier-1 Deposit-Taking Sacco in Kenya, recognized for its stable asset base and strong presence, particularly within Western Kenya and nationwide.
Below is a comprehensive breakdown of the Frequently Asked Questions (FAQs) regarding membership, accounts, mobile banking, and credit facilities at IG Sacco.
👥 Invest & Grow (IG) Sacco’s Frequently Asked Questions (FAQs) on Membership & Account Opening
1. Who is eligible to join IG Sacco?
While the Sacco was originally founded by teachers in primary, secondary schools, and KNUT, the common bond is fully open. Membership is available to:
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Teachers (both TSC and private)
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Civil servants and county government employees
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Private sector corporate employees
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Self-employed individuals and business owners
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Diaspora members and corporate entities
2. How do I join Invest & Grow (IG) Sacco and what are the requirements?
You can register online via the IG Sacco portal or visit any branch. The onboarding requirements typically include:
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A fully filled Membership Application Form.
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A copy of your National ID or valid Passport.
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A copy of your KRA PIN certificate.
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A recent color passport-size photograph.
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For salaried employees: Your latest payslip and employment letter.
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For self-employed individuals: Business registration certificate or an introduction letter from your local Area Chief, alongside bank statements.
3. What is the difference between Invest & Grow (IG) Sacco’s Share Capital and Member Deposits?
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Share Capital: This represents your equity and ownership stake in the Sacco. It forms part of the Sacco’s core institutional capital. It is non-refundable upon resigning your membership, but it can be transferred or sold to another existing Sacco member via the member portal. Share Capital earns dividends annually.
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Member Deposits (BOSA Savings): These are regular monthly contributions used as collateral to qualify you for credit facilities. They are refundable upon membership withdrawal (subject to clearing outstanding liabilities and notice periods). Deposits earn annual interest/rebates.
🏦 FOSA (Front Office Services Activity) & Savings Accounts
1. Does every Invest & Grow (IG) Sacco member get a FOSA account?
Yes. Every registered member automatically gets access to FOSA services, which function similarly to commercial banking services for day-to-day transactions, salary processing, and short-term advances.
2. What specialized Invest & Grow (IG) Sacco’s transactional and transactional savings accounts are offered?
IG Sacco provides customized accounts to fit different savings goals:
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Fosa Akiba Account: Designed for general savings, retirement planning, or specific projects. It requires a minimum monthly contribution of Ksh 100 (via cash or standing order) and balances can be used to secure FOSA Akiba loans.
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Nyota Ndogo Account: A junior savings account structured for children to cultivate a savings culture early. It requires a minimum monthly saving of Ksh 200 and offers highly competitive interest rates.
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Holiday Savers Account: Targeted at members planning for specific events like vacations, festive seasons, weddings, or family parties.
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Fixed Deposit Reserve: For members looking to maximize returns on lump-sum amounts. The minimum investment is Ksh 10,000 for a lock-in period starting at 3 months.
📱 Invest & Grow (IG) Sacco’s Frequently Asked Questions (FAQs) on Mobile & Digital Banking
1. What is the IG Sacco USSD code and Mobile App?
IG Sacco operates a robust mobile banking infrastructure under the brand name Pesa Pepe.
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USSD Code: You can access services by dialing
*879#on your mobile phone. -
Mobile App: Available on official smartphone app stores for digital account management.
2. What Invest & Grow (IG) Sacco transactions can I perform via Pesa Pepe?
Through mobile banking, you can receive salary alerts, check balances, request full statements, pay utility bills, purchase airtime, transfer funds, and apply for instant mobile advances or emergency loans.
3. What is the official M-Pesa Paybill number for IG Sacco?
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Paybill Number: 705001
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Account Format: Typically structured around your National ID Number combined with specific product codes (e.g.,
IDNumber002orIDNumber003) depending on whether you are contributing to BOSA deposits, Share Capital, or clearing a loan. Always verify your specific product account suffix with customer service before transacting.
💰 Invest & Grow (IG) Sacco’s Frequently Asked Questions (FAQs) on Loans & Credit Facilities
1. How long must I save to qualify for a Invest & Grow (IG) Sacco loan?
To access standard Back Office (BOSA) loans, you generally need to be an active contributing member for a minimum uninterrupted period (typically 4 to 6 months).
2. What is the Invest & Grow (IG) Sacco loan multiplier factor at IG Sacco?
Like most Tier-1 Saccos, your borrowing capacity is primarily determined by your total BOSA deposits. Loans are typically granted at a multiple of up to 3 or 4 times your savings, highly subject to your ability to pay and the 2/3rds net salary rule (for check-off members).
3. What types of Invest & Grow (IG) Sacco loan products are available?
IG Sacco splits its credit portfolio across BOSA and FOSA wings:
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BOSA Loans: Normal Loan, Super/Prime Loan, Haraka Loan, Jipange Loan, Fanikisha Loan, and Automobile Loans.
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FOSA Loans & Advances: Salary Advances, FOSA Plus Loan, Progressive Loan, and Empowerment Loans.
4. What security options are accepted for Invest & Grow (IG) Sacco loans?
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Guarantors: The primary security mechanism where fellow Sacco members sign to guarantee the loan balance above your personal deposits.
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Self-Guarantee: If the loan amount requested is less than or equal to your free (unencumbered) BOSA deposits, you can self-guarantee, provided you haven’t pledged those same deposits to other members.
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Collateral: Tangible security assets such as registered Title Deeds, Subleases, and Motor Vehicle Logbooks are accepted for specific development and asset financing loans.
📞Invest & Grow (IG) Sacco’s Frequently Asked Questions (FAQs) on Contact & Branches
Where is IG Sacco located?
The main headquarters is located at IG Sacco Plaza, Khalisia Road, P.O. Box 1150-50100, Kakamega, Kenya.
They operate an extensive branch network across western Kenya including:
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Kakamega County: Kakamega (Head Office), Mumias, Butere, Malava, and Lumakanda branches.
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Vihiga County: Mbale, Luanda, and Serem branches.
Invest & Grow (IG) Sacco’s Official Contacts:
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Mobile: +254 726 340 851 / +254 736 333 334
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Telephone: +254 56 2030864
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Email: [email protected] / [email protected]
Is the Invest & Grow (IG) Sacco Registered by SASSRA?
Yes. The Sacco is registered by the SACCO Societies Regulatory Authority (SASRA) as a Deposit Taking Sacco.
What is the Invest & Grow (IG) 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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