Mentor SACCO (formerly known as Murang’a Teachers SACCO) is a top-performing Tier-1 Deposit-Taking SACCO in Kenya. Established in 1977 to serve teachers within Murang’a County, the SACCO has successfully transformed its institutional boundaries. It operates under an open common bond that welcomes civil servants, county employees, national government staff, MSMEs, private corporate employees, and Kenyans in the diaspora.
Mentor SACCO has recently aggressively decentralized its footprint beyond its traditional Central Kenya stronghold, building deep membership pools across Nairobi, Kiambu, Kajiado, and Machakos. It is licensed and regulated by the SACCO Societies Regulatory Authority (SASRA).
Mentor Sacco’s Quick Facts
| SACCO Official Name | Mentor Sacco |
| Primary Target Sector | Education/Community |
| Head Office | Murang’a |
| County | Murang’a |
| Postal Address | P.O. Box 1177-10200 |
| Regulatory Tier | Tier 1 |
| Total Assets (Ksh B) | 15.75 |
| Total Deposits (Ksh B) | 11.89 |
Mentor Sacco’s Key Information
| Feature | Details |
| Official Name | Mentor Sacco Society Limited |
| SASRA Status | Licensed Deposit-Taking SACCO (Tier 1) |
| M-Banking USSD Code | *276*1# (Mentor QuickCash) |
| M-Pesa Paybill | 540800 |
| Active Membership | Over 51,000 members |
| Head Office | Mentor House, Uhuru Highway, Murang’a Town |
| Nairobi Branch | Ngara (Next to Family Bank, opposite Equity Bank) |
Mentor Sacco’s Recent Rapid Developments
Mentor SACCO is widely regarded as one of the most stable and financially rewarding cooperatives in Kenya, posting highly robust figures following its latest financial year audit:
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Asset Portfolio: Total assets surged 17.2% to hit Ksh 18.47 Billion.
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Loan Book: Total outstanding credit lines issued to members stand at Ksh 14.09 Billion.
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Ordinary Deposits: Member savings grew dynamically to reach Ksh 11.72 Billion.
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Loan Quality: Maintained excellent asset management, aggressively dropping its delinquency rate down to a clean 3.75%.
Mentor Sacco’s Member Investment Returns (Payout Rates)
During its recent Annual General Meeting (AGM), the board authorized a total member payout distribution worth Ksh 1.64 Billion, translating into market-leading percentage returns:
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Dividends on Share Capital: 15.0%
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Interest on Non-Withdrawable Deposits (Rebates): 12.5%
Mentor Sacco’s Core Products & Services
The SACCO partitions its financial interventions between Back Office Service Activity (BOSA) for long-term strategic wealth creation and Front Office Service Activity (FOSA) for day-to-day transaction-driven commercial banking.
1. Mentor Sacco’s BOSA Products (Savings & Credit Multipliers)
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Development Loan: The flagship wealth creation line granted up to 3 times your accumulated BOSA deposits with extended repayment amortization.
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Super Loan: Tailored for heavy capital projects (such as purchasing land, commercial plots, or financing vehicle asset fleets).
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Emergency & School Fees Loans: Fast-tracked relief interventions designed to handle abrupt medical demands or school registration timelines, carrying brief repayment terms (12 to 20 months).
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Specialized Savings Accounts: Features structured premium interest-bearing reservoirs like the Mazao Deposit Account (which posted a 37.2% growth rate) and the Golden Deposit Account.
2. Mentor Sacco’s FOSA Transactional Services & Mobile Advances
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FOSA Ordinary Savings: The default clearing account for members where regular salaries, pension disbursements, and business proceeds are routed.
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Mentor QuickCash Mobile Loans: Accessed instantly by dialing
*276*1#(Option 9). Short-term emergency digital cash is credited straight to your mobile wallet in seconds with up to a 3-month maximum repayment duration. -
Salary Advance: Brief bridging credit facilities enabling salaried members to access quick cash advances against incoming pay packets.
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Dividend Advance: Allows early cash access backed by a percentage of the member’s impending annual dividend/rebate earnings.
Mentor Sacco’s Membership and Joining Requirements
To register a fresh individual account with Mentor SACCO, applicants need to provide:
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A completed Membership Application Form (accessible via physical branches or download online).
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A clear photocopy of your National Identity Card or valid Passport.
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A copy of your KRA PIN Certificate.
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An original current payslip or a formal letter of employment (for institutional/salaried workers).
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A non-refundable registration/entrance fee of Ksh 2,000.
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Commitment to meet the statutory share capital and baseline monthly deposit minimums.
Mentor Sacco’s Frequently Asked Questions (FAQs)
Now, get a detailed analysis of the Frequently Asked Questions (FAQs) about Mentor Sacco Society Limited. Originally founded in 1977 as the Murang’a District Teachers Co-operative Society, it has grown into a tier-1, SASRA-regulated deposit-taking credit union serving members across Kenya.
1. Mentor Sacco’s Frequently Asked Questions (FAQs) on Membership & Account Opening
Who can join Mentor Sacco?
Mentor Sacco operates an open bond. Membership is open to all Kenyan citizens throughout the republic, including:
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Salaried employees in public and private education sectors (TSC, BOM, and PTA).
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Civil servants, disciplined forces, and county government workers.
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NGO employees and private sector workers.
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Pensioners.
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Micro, Small, and Medium Enterprises (MSMEs), structured Chamas, and corporate welfare groups.
What are the main requirements to join Mentor Sacco?
To register online or at a branch, you need to provide:
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A copy of your National ID card or valid Passport.
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A copy of your KRA PIN certificate.
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An original pay slip or an employment/BOG validation letter (for salaried applicants).
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A one-time, non-refundable registration fee of KES 1,000 (or KES 2,000 depending on the specific registration tier/channel).
Does every Mentor Sacco member get a bank-style account?
Yes. Every registered member receives a FOSA (Front Office Services Activity) account by default. This account works exactly like a regular transactional bank account—you can use it to deposit funds, process your monthly salary, set up an ATM card, and receive loan payouts.
2. Mentor Sacco’s Frequently Asked Questions (FAQs) on Savings Plans
What is the difference between Mentor Sacco’s BOSA and FOSA funds?
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BOSA (Back Office Services Activity): These are your primary member deposits. They are non-withdrawable unless you decide to formally terminate your membership with the SACCO. They act as your core loan multiplier and primary borrowing collateral.
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FOSA (Front Office Services Activity): These are your liquid, flexible transactional savings. You can deposit and withdraw from your FOSA account at any time via teller windows, ATMs, or mobile channels.
How safe are my deposits in Mentor Sacco?
Your deposits are highly secure. Mentor Sacco is fully licensed and strictly monitored by the Sacco Societies Regulatory Authority (SASRA), which oversees capital adequacy, liquid assets, and financial operations to protect members’ funds.
3. Mentor Sacco’s Frequently Asked Questions (FAQs) on Loans, Borrowing, and Guarantors
Do I need security or collateral to get a Mentor Sacco loan?
Yes. Your accumulated BOSA deposits serve as the foundational security for any credit facility. If you borrow an amount that exceeds your personal deposits, you must provide alternative security, such as a minimum of three (3) active guarantors or approved tangible assets. Guarantors are held jointly accountable if a default happens.
Can I self-guarantee my Mentor Sacco loan?
Yes. You are allowed to self-guarantee your credit facility provided that the total amount you are borrowing is less than or equal to your own unencumbered deposits (meaning your deposits have not been actively pledged to back other members’ outstanding loans).
How do I access mobile loans?
You can apply for instant mobile advances directly on your phone using the USSD code *276*1#. Simply navigate to the loan application menu, choose your preferred loan type, select the repayment installments (typically up to 3 months), and the cash will land in your FOSA account instantly.
4. Mentor Sacco’s Frequently Asked Questions (FAQs) on Mobile Banking & Transaction Channels
What is the official Mentor Sacco M-Pesa Paybill number and USSD code?
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M-Pesa Paybill Number:
540800 -
USSD Code:
*276*1#
How do I deposit money or pay off a loan via M-Pesa?
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Open your M-Pesa menu and select Lipa na M-Pesa > Paybill.
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Enter Business Number:
540800. -
For the Account Number, enter the unique account identifier provided by the SACCO for that product. (Note: Ensure the mobile phone number you are transacting from matches the phone number registered to your Mentor mobile banking profile).
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Input the amount, enter your M-Pesa PIN, and confirm.
How do I withdraw money from my Mentor account to M-Pesa?
You do not need to visit a branch to get cash. Simply dial *276*1# on your registered mobile phone line, follow the security prompts to access your FOSA wallet, and transfer your desired amount directly to your mobile wallet.
5. Mentor Sacco’s Frequently Asked Questions (FAQs) on Contact & Branches
Where is Mentor Sacco headquartered, and does it have a presence in Nairobi?
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Headquarters: Mentor Complex, Uhuru Highway, Murang’a Town, Murang’a County.
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Nairobi Branch: Located in Ngara, directly opposite Equity Bank and next to Family Bank.
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Other Key Areas: The SACCO operates fully-fledged branches and satellite offices in Thika, Kenol, Ithanga, Kangema, Kangari, Kandara, Kiria-ini, and Kahuro town centres.
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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