Here are the latest and well researched details on Mwalimu National SACCO’s Contacts, Dividends, Shares, Loans, Membership, Branches and Portals.

Mwalimu National Sacco is the largest Sacco in Kenya and the largest in Africa by asset base. Founded in 1974, it primarily serves the education sector, including teachers under the Teachers Service Commission (TSC), lecturers, and staff of the Sacco itself.

As of 2026, it remains a Tier-1 Deposit-Taking Sacco, regulated by SASRA, with an asset base exceeding KSh 60 Billion.

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1. Membership & Registration

Membership has expanded beyond its original “teachers-only” mandate and is now open to:

• TSC Teachers: Primary, secondary, and tertiary institution teachers.

• Civil Servants: Staff from various government ministries and parastatals.

• Private Schools: Employees of registered private educational institutions.

• Spouses & Children: Families of existing members (who are formally employed).

• Corporate Members: Registered groups and Chamas.

Joining Requirements:

• A completed application form (available online or at branches).

• Copy of National ID and KRA PIN.

• One passport-sized photo.

• Entrance fee: KSh 2,050 (deducted once).

• Minimum share capital: KSh 30,000 (can be built up over time).

 

Mwalimu National Sacco Membership Portal Login: 

Link: https://membersportal.mwalimunational.coop/login/

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Membership Types

Mwalimu Sacco has different Classes of members, as described below:

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

Members who have left the common bond will continue with membership.

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You may also like: Mwalimu National SACCO Loans, Branches, Contacts, Forms, Mobile services, How to join, Website and Portal login

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2. Loan Products

The Sacco offers some of the most competitive interest rates in the market, categorized into BOSA (Back Office) and FOSA (Front Office) products.

Category	Popular Loan Products	Key Features
BOSA	Development Loan	Up to 3x or 4x of deposits; repayment up to 84 months.
	Emergency Loan	Processed within 12–24 hours for urgent needs.
	School Fees Loan	Short-term financing for education, repaid in 12 months.
FOSA	Salary Advance	Up to 1 month’s salary, repaid in a single installment or 4 months.
	Asset Finance	Financing for vehicles, land, and equipment.
	MwalimuHela (Mobile)	Instant loans accessed via the mobile app.

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3. Digital Banking: MwalimuHela

Mwalimu National has modernized through its MwalimuHela platform (App and USSD *879#).

• Services: Withdrawals to M-Pesa, balance inquiries, mini-statements, and utility bill payments.

• Dividend Capitalization: Members can now use the app to reinvest their annual dividends directly into their shares to boost their borrowing power.

• Share Trading: A newer feature that allows members to trade shares within the Sacco’s ecosystem.

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4. Major Subsidiaries

The Sacco has diversified into other sectors to maximize returns for members:

• Mwalimu Asset Management: Offers investment opportunities in money markets and wealth management.

• Spire Bank: While the Sacco has navigated challenges with its stake in the bank, it continues to offer integrated financial services.

• Mwalimu National Housing: Focuses on affordable housing projects for members (e.g., the Kisaju housing project).

5. Contact & Branch Network

The Sacco has a presence in nearly every major town in Kenya:

• Head Office: Mwalimu Towers, Upper Hill, Nairobi.

• Key Branches: Tom Mboya (Nairobi Main), Kisumu, Mombasa, Eldoret, Nakuru, Nyeri, Meru, and Kitui.

• Phone: +254 709 898 000 / +254 20 295 2000

• Website: mwalimunational.coop

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Mwalimu National DT SACCO’s About Information

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, more than 52 years later Mwalimu National acquired land in upper hill and constructed its current premises MWALIMU TOWERS”.

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MWALIMU NATIONAL SACCO’s LOANS 

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1. Business Loans

i). Senior Saver Loan

PRODUCT FEATURES

Eligibility

• Minimum BOSA or combined BOSA + Business deposits of KSh 1,000,000.
• Member’s savings must be higher than outstanding loans.
• Member must not be guaranteeing others.
• Member must maintain direct deposit of salary, pension, business proceeds or other cash flows into a Mwalimu FOSA account.
• Loan must be self-guaranteed.

Key Features

• 1/3 rule does not apply.
• Loan limit: Up to 5× member BOSA/Business deposits.
• Interest rate: 13.5% p.a.
• Processing fee: 2% (capped at KSh 200,000).
• Maximum tenure: 120 months.
• Minimum monthly business deposits: 0.002% of loan amount (prorated).
• Security: Member deposits + additional collateral if loan exceeds deposits.
• All business proceeds must be channelled through the Mwalimu Biashara Account.
• Loan repayment through both check-off and business proceeds.
• Loan eligibility subject to ability to repay, collateral adequacy and business appraisal.

ii). Motorcycle Loan

PRODUCT FEATURES

Eligibility

• Minimum KSh 100,000 BOSA savings.
• Mandatory KSh 1,000 monthly savings.
• Member contributes 30% of motorcycle price.
• Invoice required from dealer.

Loan Features

• Sacco pays 100% of motorcycle value to dealer.
• Joint logbook registration (member + Mwalimu).
• GRPS tracking installed.
• Comprehensive insurance through MNS RIB Ltd.
• Interest rate: 15% p.a. reducing balance.
• Maximum term: 24 months.

iii). Mwalimu Individual Loan

PRODUCT FEATURES

Eligibility

• For established businesses or members who have reached Tier 3 in group lending.
• Loan amount: KSh 150,000 – 5,000,000.
• Member must contribute 10% deposit of loan amount.
• New members: 10% retained as business deposits (5% fee applies).

Loan Features

• Interest rate: 1.25% per month, reducing balance.
• Repayment: 36–60 months.
• Security: Logbooks, commercial title deeds.
• Collateral must be valued and registered.
• Collateral insured via MNS RIB Ltd.
• Monthly deposits contribution: 0.002% of loan amount.

Collateral Features

Title Deed

• May be applicant-owned or third-party.
• Spousal consent required where applicable.
• Full valuation at applicant’s cost.
• 100% loan based on land value.

Logbook

• Vehicles not more than 7 years old.
• Forced value used for financing:
  • Personal cars under 12 yrs: 60%
  • Older vehicles: 50%

iv). Asset Financing Loan.

PRODUCT FEATURES

Eligibility

• Joint asset registration with MNS required.
• Member must show experience in the business line if asset is commercial.
• Must own at least 2 similar assets, one fully paid.
• Must provide 6-month bank statements and supporting documents.

Loan Features

• Up to 80% financing for new vehicles (5-year term).
• Up to 70% financing for used personal/commercial vehicles (3-year term).
• Up to 60% financing for used PSV vehicles (2-year term).
• Assets insured comprehensively through MNS RIB Ltd.
• GPRS tracking installed.
• Disbursement via Cheque/RTGS to vendor.
• Interest rate: 15% p.a. reducing balance.
• Loan appraisal fee: 2%.
• Insurance fee: 2% one-off.
• Minimum income: KSh 40,000.

Security

• Financed asset jointly registered; documents held by SACCO.

v). Insurance Premium Financing.

PRODUCT FEATURES

• Brand: Mwalimu Insurance Premium Financing.
• Loan to pay premiums for vehicles, machinery, property, livestock, crops, stock, etc.
• Loan term: Up to 10 months.
• Flexible repayment.
• Disbursement directly to insurance company.
• Cover via MNS RIB Ltd.
• Member contributes 10% of premium upfront.
• Requires 2 guarantors.
• Interest rate: 10% flat.
• Default: Cover cancelled after 30 days of non-response.

vi). Mwalimu Group Loans.

PRODUCT FEATURES

Group Structure

• Must be a registered Self-Help Group (chairperson, secretary, treasurer).
• 5–10 members.
• Monthly contributions of minimum KSh 1,000 to business loan savings account.
• Must operate for at least 6 months (sometimes 3 months allowed).
• Works on co-guaranteeing model.

Loan Requirements

• 25% cash collateral of amount applied for.
• Acceptable collateral: Household items, pledged assets with proof of ownership.
• Each member borrows up to their available guarantee.
• Withdrawal or exit allowed with proper minutes and clearance of liabilities/guarantees.

Loan Tiers

1. Tier 1: KSh 30,000–150,000 | 1.33% pm | Max 12 months
2. Tier 2: KSh 150,001–250,000 | 1.33% pm | Max 24 months
3. Tier 3: KSh 250,001–500,000 | 1.33% pm | Max 36 months

• Members must start at Tier 1 and graduate upwards.
• Loans above KSh 150,000 require formal collateral.

vii). Solar Financing Loan.

PRODUCT FEATURES

Loan Features

• Flexible and customized payment plans.
• Interest rate: 18% p.a.
• Loan tenure: 24 months.
• Processing fee: 1%.
• Fast approval with minimal documentation.
• Partnerships with solar solution providers.

Benefits

• Affordable access to solar systems.
• Flexible repayment.
• Supports sustainable, renewable energy adoption.

viii). Water Tank Loan.

PRODUCT FEATURES

• Supports access to reliable water storage solutions.
• Interest rate: 15% p.a.
• Tenure: 12 months.
• Processing fee: 1%.

ix). Mwalimu Biashara Loan (Working Capital).

PRODUCT FEATURES

Loan Features

• Business working capital loan with up to 3-year repayment period.
• Loan size based on repayment ability and policy guidelines.
• Flexible repayment: Daily/weekly/monthly.
• Security options include:
  • Chattels, title deeds, logbooks, shares, deposits, insurance certificates, business stock, guarantors, floating charge.
• LSF 20% (10% for loans with chargeable security).
• Requires at least 3 months of active account statements.
• Business appraisal required.

Pricing

• Appraisal fee:
  • 2% (loans < 2M)
  • 1.5% (loans > 2M)
• Insurance fee: 0.5% p.a.
• Interest rate: CRB + 4%, reducing balance.

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2. BOSA Loans

Here are the available BOSA Loans:

i). Ufanisi Loans.

This is long-term loan product aimed at enabling you our member with salary ability but have low shares to access more credit by boosting your shares. A portion of the loan applied is retained as deposits enhancing your balance multiplier.

Terms for the product

• Loan period 120 months
• Deposits multiplier by 5
• Interest rate at 1.50 pm / 18% p.a
• Share boosting fee 10% NB. Its MNS that does the boosting. If the member boosts by himself/herself then it will have to wait for the mandatory 6 months before applying
• Member can bridge and consolidate other loans
• Loan must be fully guaranteed

Recovery is done at a monthly flat rate combining principle repayment with interest

Requirement for the product

• Must be an active member
• Salary must pass through the Sacco FOSA
• The loan accounts must be up to date in terms of repayments
• Dully filled loan application form
• Copy of the necessary supporting documents including irrevocable instruction of no change of pay point until the loan is fully repaid.

ii). Vision Loans

Terms of the product

• Long term loan for investment purposes.
• Interest rate is 1.42 p.m/17.0% annual.
• Repayment period in 96 months.
• Attracts a 1% processing fee.
• The limit is a member’s deposit x5 (subject to 1/3 salary rule)

ii). Super Loan

Terms for the product

• Granted as long-term loan for investment purposes.
• Interest rate is at 1.29% p.m/ 15.5% p.a.
• Repayable in 84 months.
• Maximum limit is a member’s deposit x 4 (subject to 1/3 salary rule).
• Attracts 0.5% processing fee.
• Only one super loan granted at a time.

iii). Normal Loan.

Terms for the product

• Granted as a short term loan aimed at helping members meet their immediate financial needs.
• 1% p.m / 12% p.a on reducing balance.
• Repayable in 48 months.
• Limit is a member’s deposit x3 (subject to 1/3 salary rule).
• One normal loan to be granted at a time.

iv). School Fees Loan.

Terms for the product

• Granted for education purposes only.
• 1% p.m interest rate on reducing balance.
• Repayable in 24 months.
• Maximum limit is a member’s deposit x5 (subject to 1/3 salary rule).
• Only one school fees loan to be granted at a time.

v). Emergency Loan.

Terms for the product

• Granted for unforeseen circumstances.
• Applicable interest rate is 1%p.m/12% p.a on reducing balance.
• Repayable in 24 months.
• Multipler is x5 (subject to 1/3 salary rule).
• Only one emergency loan can be granted at a time.

vi). Wezesha Loan.

Mwalimu National enables YOU (new member) to access funds within your ability immediately your first savings deduction goes through. ONLY 1/4 of the amount applied will be retained in the new members account as savings. The loan must be fully guaranteed.

Terms and conditions of wezesha loan

• This product is for new members only.
• Rate is 1.13% p.m/ 13.5 p.a.
• Wezesha loan runs for a maximum of 72 months
• 2% wezesha processing fee shall be charged on the amount to be advanced.
• Maximum loan amount to be determined by the member’s ability subject to the loan being fully guaranteed.
• The minimum period for a member to qualify shall apply as per the sacco by-laws.
• Shares boosted shall earn dividends on pro-rata basis.

vii). Development Loan.

Terms of the product

• Granted as medium-term loan for investment purposes.
• Applicable interest rate is 1.25% p.m / 15.5 p.a on reducing balance.
• Attracts 0.5% processing fee.
• Repayable in 60 months.
• Maximum limit is a member’s deposit x 4 (subject to 1/3 salary rule)
• One development loan granted at a time.

viii). Jawabu Loan.

Features of this loan product are:

• This is a check-off loan facility.
• No Guarantors are required for this loan product.
• It is only available for employees working on permanent and pensionable basis.
• The loan is quickly processed.
• Jawabu Loan has a very easy repayment schedule.

ix). Mwalimu Mortgage Product.

PRODUCT FEATURES

Purpose

• Construction or purchase of residential house.

Loan Features

• Maximum tenure: 25 years (up to age 60).
• Interest rate: 9% p.a. reducing balance.
• Negotiation fee: 1% one-off.
• Mortgage amount:
  • KSh 500,000 – 10,500,000
  • World Bank category: Income ≤ KSh 150,000
  • AfDB category: No income cap

Security & Requirements

• Property valuation every 3 years at borrower’s cost.
• Property + life insurance via MNS RIB Ltd.
• Disbursement after full security perfection.
• Late payments attract 2% penalty.
• Repayment via check-off only.

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3. FOSA Loans

Mwalimu National Sacco provides a number of FOSA Loan Products and Services. Here is a complete analysis of the loans:

i).  Golden Product Loan.

We are glad to introduce to you a new retirees’ product called Golden account. This product is meant to provide a safe gap for you on retirement between date of retire and receipt of your pension.

Product Features:

• Only retired members are eligible. These are members who are leaving employment due to mandatory/voluntary retirement and whose age is above 55 or retirement on medical grounds.
• The account to run for a maximum 24 months.
• The 50% funds transferred to FOSA to earn 5% interest p.a. on monthly balances.
• Utilise maximum 50% of the BOSA deposits net of all liabilities in the Sacco.
• Open monthly standing order from the Golden account to Fosa savings account.
• You can access Fosa advance against this deposit.

Requirements:

• Discharge letter (retirement letter)
• You will be expected to provide the latest payslip and provide proof that the pension will be channeled through Mwalimu Fosa.

The way it would work:

1. As you approach mandatory/voluntary retirement, engage Mwalimu on the amount you wish to access from BOSA in a phased manner. This amount will be pegged at a maximum of 50% of your deposits at the time.
2. The funds will be moved to a FOSA Golden Account from where a standing order is drawn.
3. The monthly standing order will transfer the agreed calculated amount to your FOSA Savings Account on 1st of each month.
4. From the regular flow of this funds through the standing order, you are eligible to access ALL the FOSA products that an ordinary salaried member would access.

ii). Karibu Loan.

Purpose

This is an advance to enable new teachers settle in their new stations.

Terms and Conditions

1. Applicable interest rate is 1.5% per month
2. Eligible to newly employed teachers
3. Repayment period is 3 months upon receipt of 1st salary
4. The maximum loan amount for Permanent teachers is KShs. 60,000/= disbursed in 3 tranches of KShs. 20,000/= every month.
The maximum loan amount for Intern teachers is KShs. 30,000/= disbursed in 3 tranches of KShs. 10,000/= every month

5. Mode of recovery is salary.
The credit shall be paid direct to the Member’s FOSA account
The credit must be guaranteed by at least one active Mwalimu National Member

6. Loan application form to be accompanied by Membership Application and FOSA Salary forms to Mwalimu National.

Requirements for this loan.

• 1. Posting letter from TSC
• 2. Certified id copy
• 3. Witnessed by the Principal or Deputy Principal
• 4. One guarantor
• 5. Copy of TSC casualty returns

iii). Salary Advance.

Terms of the product

• The Interest Rate is 5%.
• Maximum amount borrowed is 80% of your net salary or S.A.Y.E
• Repayable @ the end of the month

iv). FOSA Inmstant Credit/ Loan (12 Months).

Terms of the product

• Interest rate is 1.25% Per month.
• Repayment period is 12 months.
• Maximum amount granted is your net salary x12.
• Maximum amount granted is your savings under S.A.Y.E x 12.

v). FOSA Inmstant Credit/ Loan (36 Months).

Terms of the product

• FOSA instant credit (36 months)
• Interest rate @ 2% per month on reducing balance
• Repayment period is 36 months.
• Maximum amount granted is your net pay or savings under S.A.Y.E x 20

vi). Fixed Deposits Tariffs.

Amount	Call deposits on Demand	3 Month	6 Month	12 Month
10,000.00 – 49,999.00	6.0 % P.a	6.5 % P.a	7.0 % P.a	7.5 % P.a
50.000 – 199,999.00	6.0 % P.a	6.75 % P.a	7.5 % P.a	8 % P.a
200,000.00 – 499,999.00	6.0 % P.a	7.75 % P.a	8.5 % P.a	9 % P.a
500,000.00 – 999,999.00	6.0 % P.a	8.75 % P.a	9.5 % P.a	10 % P.a
1,000,000.00 – 4,999,999.00	6.5 % P.a	9.75 % P.a	11 % P.a	11.5 % P.a
5,000,000.00 – 9,999,999.00	6.5 % P.a	10.25 % P.a	11.5 % P.a	12.75 % P.a
10,000,000 and Above	7.0 % P.a	11.5 % P.a	12.75 % P.a	13.5 % P.a

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Mwalimu National Sacco Welfare.

MWALIMU NATIONAL WELFARE SERVICES
These services come in to financially assist members at that time they are bereaved and have a huge financial burden. They include:

1. Burial Benevolent Fund – BBF

Used to accord members & their immediate families a decent burial. monthly contribution is Ksh. 150.

2. Risk Fund

Used to pay outstandingloans of deceased members & double the monthly deposits to be paid to the nominees. Monthly contribution is Ksh. 500

3. MOBILE LOANS: with our mobile leading platform Mhela, members can borrow up to 80% of their expected salaries.

4. KARIBU LOAN: Tailor-made product foe Newly employed Members and Intern Teachers. Period of 12 months.

5. FOSA CHECK OFF: Period of 12 months. 10 Times Check-Off/SAYE ability.

6. NON SALARIED ADVANCE: Period of 12 months. maximum of Kshs. 5,000.

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Mwalimu National Sacco Branches.

Mwalimu National Sacco has over 25 strong branch networks. Here is a list of all the branches plus their physical locations:

No:	Branch	Building	Street
1	Head Office (Upperhill)	Mwalimu Towers	Hill Lane, Off Mara Rd
2	Nairobi (CBD)	Mwalimu Co-Op House	Tom Mboya Street
3	Kisumu	Reinsurance Plaza	Oginga Odinga Road
4	Nyeri	Mwalimu Co-Op House	Kanisa Road
5	Webuye	Afro Fancy House	Kenyatta Street
6	Mombasa	Pandheer Court	Nkuruma Road
7	Kisii	Lengetia Building	Kisumukisii Main Street
8	Tsc Hqs	Tsc Hqs – Upper Hill	Kilimanjaro Road
9	Kitui	Bonus Mall	Mukuti Street
10	Meru	Sawa Sawa Building	Kirukuri Street
11	Nakuru	Tower One	Kenyatta Avenue
12	Eldoret	Zion Mall	Uganda Road
13	Kakamega	–	Cannon Awori Street
14	Machakos	–	Mbolu Malu Road
15	Embu	Wanjiru Mugo Shopping Centre	Kubu Kubu Road
16	Homabay	–	Rongo – Homabay Rd
17	Thika	Thika Bazar	Kenyatta Street
18	Kapenguria	Kapenguria Kraal Building	Mawingo Lane – off Kapenguria Lodwar Highway
19	Narok	Ruge plaza	Mawingo Lane – off Kapenguria Lodwar Highway
20	Nyahururu	Hekima building	Opposite Gimrock restraunt
21	Voi	Potters house	Opposite KCB along hospital road
22	Lodwar	Adjacent to Post Bank	Equity street
23	Siaya	Rouzehen	Adjacent to KCB
24	Litein	Bomori plaza	LITEIN KERICHO ROAD
24	Migori	BAMBOO-PLAZA	BESIDES pansi mega -supermarket
25	Mwingi	Festa House	Opposite Msafiri Plaza Mwingi Garissa Highway

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MUALIMU PRODUCTS & SERVICES.

Welcome to Mualim – Mwalimu National SACCO’s Sharia-Compliant Window

Mwalimu National SACCO proudly presents Mualim, our fully Sharia-compliant financial window launched in November 2025.

Mualim offers interest-free, ethical products based on Islamic finance principles, promoting transparency, fairness, and shared prosperity. Open to all members, it provides halal alternatives for saving, asset financing, education funding, and wealth growth.

Discover our Sharia-compliant products below and join us on a path to ethical financial success.

Mualim Membership

Mualim Membership is designed for individuals seeking a faith-based, ethical, and Riba free financial alternative, grounded in Islamic finance principles. Membership is open to Kenyans aged 18 years and above, whether residing within Kenya or in the diaspora.

Joining Requirements

To join Mualim, applicants are required to:

• Complete the Mualim Shariah-Compliant Membership Application Form
• Provide a valid National Identity Card or a Passport
• Submit a recent coloured passport-size photograph

Member Contributions

Mualim operates on a member-ownership and savings-based model, with the following minimum contributions:

• Registration Fee: KES 500 (one-time)
• Mualim Share Capital: Minimum KES 30,000
• Monthly BOSA Savings Contribution: Minimum KES 1,000
• Mualim Risk Fund contribution : KES 500 , Monthly
• Mualim BBF : KES 150 , Monthly

All funds are managed strictly under approved Shariah contracts, ensuring full compliance and transparency.

Shariah-Compliant Financing

Financing is available to active Mualim members, subject to:

• Consistent savings behavior
• Level of accumulated savings and shareholding
• Applicable Shariah-compliant product guidelines

Financing access is progressive and savings-linked, reinforcing financial discipline and shared prosperity among members.

Mualim Share Capital

Mualim Share Capital offers members an opportunity to own and participate in a fully Shariah-compliant financial community built on partnership, transparency, and shared success.

Islamic Principle

Applied Mudharaba

Members contribute capital as partners, sharing in the outcomes of Shariah-compliant business activities.

Why

• Participation with Purpose
  Members participate as capital providers in a Shariah-compliant investment structure managed professionally by Mualim.
• Ethical Growth
  All investments and activities are restricted to halal and Shariah-approved ventures.
• Controlled Transferability
  Share capital may be transferred to other eligible Mualim members, subject to approval and applicable policies.

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Key Features

• Minimum Share Capital: KES 30,000 for individual members
• Return Structure: Profit-sharing based on Shariah-compliant performance
• Transfer ; Member can transfer shares to another member upon withdrawal from the society

How to Join

Getting started is simple:

• Complete the Mualim Membership Application Form
• Subscribe to the required minimum share capital

Shariah Assurance

Mualim Share Capital is governed by approved Shariah frameworks and overseen to ensure full compliance, transparency, and member confidence.

Mualim BOSA Savings

Mualim BOSA Savings is a Shariah-compliant member savings account designed to promote disciplined savings while enabling access to ethical financing.

Islamic Principle Applied

Mudarabah (Trust-Based Partnership)

Members provide capital, while Mualim manages the funds in approved Shariah-compliant business activities, with profits shared according to agreed ratios.

Key Account Features

• Purpose-Driven Savings
  A long-term, non-withdrawable savings account that supports sustainable member growth.
• Monthly Contributions
  • Minimum monthly contribution of KES 1,000
  • Encourages consistency and financial discipline
• Financing Support
  • BOSA savings may be used as collateral when applying for Shariah-compliant financing
  • Financing access depends on active participation and savings strength
• Profit Sharing
  Profits are shared from actual Shariah-compliant business performance
• Exit & Refund Policy
  Upon withdrawal from the Society, BOSA savings are refunded, subject to applicable policies

Documentation Required

• Completed Mualim BOSA Membership Application Form

Shariah Assurance

 

Mualim FOSA is a faith-aligned transactional account created to support members’ day-to-day financial activities while upholding the values of trust, simplicity and transparency.

Islamic Principle Applied

Wadiah

Member funds are accepted for safekeeping and are fully repayable on demand, with no interest and no speculative returns.

What Makes Mualim FOSA Different?

• Built for Everyday Use
  • Designed to function as a reliable transaction account for payments, transfers, and income management.
• Salary-Friendly
  • Supports salary processing and regular income credits, making it ideal for active professionals and families.
• Cost-Conscious by Design
  • No ledger fees
  • No monthly account maintenance charges
• Digital-First Access
  • Manage your account anytime through:
  • Mobile Banking
  • Internet Banking
  • Online account statements
• Purely Shariah-Compliant
  • No interest earned
  • No interest charged
  • Transactions conducted within approved Shariah guidelines
• Simple & Flexible
  • Transaction charges apply per usage
  • Minimum operating balance: KES 1,000

Account Opening

Mualim FOSA is automatically activated upon membership registration, allowing members to transact immediately without additional paperwork.

Shariah Assurance

Mualim FOSA operates strictly under approved Wadiah structures, ensuring security of funds, ethical handling, and full Shariah compliance.

Mualim Savings Account.

• Mualim Hajj Savings Account – Plan and save towards your sacred journey
• Mualim Junior Savings Account – Build a secure financial future for your child
• Mualim Holiday / Eid Savings Account – Save in advance for holidays and Eid seasons

Islamic Principle Applied

Mudharabah (Profit-Sharing Partnership)

Members provide capital while Mualim manages the funds in approved Shariah-compliant activities, with profits shared based on agreed ratios.

Key Account Features

• Flexible Investment Entry
  • Minimum initial investment of KES 5,000
• Defined Savings Periods
  • Savings tenure of 3, 6, or 12 months
  • Option to renew upon maturity
• Zero Monthly Charges
  • No ledger fees
  • No account maintenance charges
• Halal Profit Sharing
  • Profits shared from actual Shariah-compliant business performance Documentation Required
  • Completed Mualim Savings Account Application Form

Shariah Assurance

All Mualim Savings Accounts operate under approved Mudarabah frameworks, ensuring ethical investment, transparency, and full Shariah compliance.

Mualim Financing

Mualim Financing enables members to purchase tangible assets in a fully Shariah compliant Murabaha structure, providing ethical, riba-free financing for a range of personal and business needs.

Eligible Assets

Members can access financing to acquire:

• Motor vehicles, accessories, and spare parts
• Personal assets and equipment
• Stock and working capital for businesses
• Building materials
• Farm equipment and agricultural inputs
• Other tangible, Shariah-compliant assets

Financing is available to active Mualim members holding BOSA savings, reinforcing the link between savings and financing eligibility.

Islamic Principle Applied

Murabaha (Cost-Plus profit)

Mualim purchases the asset on behalf of the member and sells it at an agreed profit margin, with full transparency and no interest.

Key Product Features

• Up to 100% Financing
  • Members may be financed the full cost of the asset, subject to eligibility and Shariah compliance
• Multiple Acceptable Securities
  • Asset itself, guarantors, or other approved collateral may secure the financing
• Leverage Based on Savings
  • Facility amount 3 to 5 times the member’s Mualim BOSA balance
  • Financing is subject to ability to repay
• Tailored for Members
  • Supports individuals and business owners
  • Structured to encourage responsible borrowing and ethical financial growth

Required Documentation

• Copy of National ID and KRA PIN
• Completed Mualim Financing Application Form
• Signed Master Murabaha Financing Agreement
• Agency Agreement (where applicable)
• Purchase Requisition Form
• Confirmation of Goods Purchased
• Offer to Purchase and Sacco’s Acceptance
• Proof of Income / Employment or Business

Upon approval, the member receives a Murabaha Letter of Offer, detailing:

• Approved financing amount
• Asset description and purchase details
• Repayment schedule and profit margin
• Terms and conditions under Murabaha principles

All Mualim Personal & Asset Financing is structured, executed, and supervised under approved Murabaha contracts, ensuring full compliance with Shariah and ethical financial conduct.

Mualim Home Finance

Mualim Home Finance empowers members to acquire or build their dream home through a fully Shariah-compliant Diminishing Musharakah structure, offering flexibility, transparency, and ethical financing.

Products Offered

• Ujenzi (Construction Finance) – Financing to build your home from foundation to completion
• Makao (Home Purchase Finance) – Financing to acquire an existing property

Islamic Principle Applied

Diminishing Musharakah (Partnership with Gradual Ownership Transfer)

• Mualim and the member jointly own the property
• The member gradually buys out Mualim’s share over time
• Ujra is charged on Mualim’s remaining share, ensuring fairness and Shariah compliance

Key Product Features

• Competitive Financing Rate
  • Ujra rate: 15.5% per annum
• Flexible Repayment Period
  • Up to 25 years, depending on member affordability
• Shared Ownership
  • Member’s ownership increases as they repay their portion
  • Mualim’s share diminishes until full ownership is transferred
• Shariah-Compliant Security
  Secured through acceptable collateral, including:
  • Guarantors’ Assets
  • Property title deeds

Required Documentation

• Completed Mualim Home Finance Application Form
• Copy of National ID and KRA PIN
• Proof of Income / Employment or Business
• Title Deeds / Property Ownership Documents
• Sale Agreement for property being purchased
• Approved Security Documents (guarantors, assets, or collateral as required)
• Any other documentation as required by the Sacco for Shariah compliance and risk management

How It Works

1. Member identifies the property to build or purchase
2. Mualim and member enter a Diminishing Mushārakah agreement
3. Member gradually buys Mualim’s share through structured payments 4. Upon full repayment, full ownership is transferred to the member

Shariah Assurance

Mualim Home Finance is executed under approved Diminishing Mushārakah contracts, with oversight by the Shariah Advisory Council, ensuring ethical, riba-free, and fully compliant financing.

Mualim BOSA and FOSA Products & Services

Mualim Tawarruq Finance is a Shariah-compliant financing solution based on Commodity Murabaha, allowing members to access funds ethically and efficiently. It is available through Mualim BOSA and FOSA accounts.

Islamic Principle Applied

Tawarruq (Commodity Murabaha)

• Mualim purchases a Shariah-compliant commodity and sells it to the member at a pre-agreed profit margin. The member then sells the commodity to a third party for cash, making the funds available immediately.
• The member pays in installments over a pre-agreed period
• Fully compliant with Shariah principles, interest-free, and transparent

Available Facilities

Mualim Tawarruq financing supports various member needs, including but not limited to:

• Mualim Emergency Facility – Quick access to funds in urgent situations
• Mualim School Fees Facility – Cover tuition and educational expenses
• Mualim Super Facility – Flexible financing for personal or business growth •
• Other Personal or Business Needs – Tailored to member requirements

Key Product Features

• Flexible Repayment Terms
  • Offered in short-term and long-term durations, depending on member needs
• Accessible via BOSA and FOSA Accounts
  • Ensures savings-backed, ethical financing
• Shariah-Compliant Profit Structure
  • Based on commodity Murabaha with full transparency
  • No interest or hidden charges
• Tailored to Members’ Needs
  • Enables financing for emergencies, education, personal growth, or business requirements
  • Amounts depend on member’s active savings and BOSA/FOSA balance

Documentation Required

• Copy of National ID
• Completed Mualim Tawarruq Application Form
• Proof of Income / Employment or Business
• Security Documents, where applicable (guarantors, assets, or collateral)
• Other documentation as required for Shariah compliance and risk management

How Tawarruq Works

1. Commodity Purchase
   Mualim purchases Shariah-approved commodities through recognized sharia compliant trading platforms, Like the Bursa Malaysia.
2. Deferred Sale to the Member
   The commodities are sold to the member at a clearly disclosed price on deferred payment terms.
3. Commodity Sale for Cash
   The member (or Mualim as agent) sells the commodities to a third party, enabling the member to obtain liquidity without interest
4. Digital Execution
   All transactions are executed electronically through approved platforms, ensuring actual ownership, proper transfer, transparency, and continuous Shariah oversight.

Shariah Assurance

All Tawarruq financing is executed under approved Commodity Murabaha structures, with oversight by the Shariah desk and Sharia Advisory council, ensuring ethical, Riba free, and fully compliant financing for members.

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Head Office Contacts
Head Office: Mwalimu Towers,
Hill Lane, Off – Mara Road, Upperhill.
P.O. Box 62641 00200
Nairobi, Kenya

Tel: +254 020 295 6000
Mobile: +254 709 898 000 / WhatsApp
SMS Number: 20156
Email: [email protected]

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BOSA Loans

• Ufanisi Loan
• School Fees Loan
• Emergency Loan
• Wezesha Loan
• Development Loan

FOSA & Other Products

• Apply For Loan
• Mwalimu Individual Business Loan
• Download Mwalimu Smart App
• Asset Financing Loan
• Fosa Instant Credit (36mo)

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Child Hope Foundation Application Form

At Mwalimu National we offer more than just financial services! From financial literacy for our members to socially responsible investment options – You can have a peace of mind that when you become a member/owner at Mwalimu National you are also contributing to vibrant and healthy communities!

We believe that Corporate Social Responsibility is not just a definition; it is a foundational element for how we conduct business in the community in which we serve. It is one of the ways that Mwalimu National stands out from the crowd! Unfortunately, many deserving children are not able to access education in Kenya owing to the unexpected demise of their parents. Even those who manage to continue with their education thanks to the generosity of relatives, rarely access opportunities for mentorship, guidance, and career opportunities.

It is against this backdrop that Mwalimu National, founded the Child Hope Foundation aimed at supporting orphaned children of deceased Mwalimu members. The Foundation was started in 2011 with just 24 sponsored students. Today, the program has sponsored 274 students.

We pride in affording them internship opportunities during long holidays and do host them to mentorship sessions once every year. To help in this noble exercise, we encourage well-wishers to contribute towards the Foundation through Use of a paybill number 4305050 (Childhope Foundation), your National ID number is the Account number; Direct deposit through the Foundation’s Bank Account or cheque in favor of: Name: Mwalimu National Sacco Society Ltd – CSR Account Account Number: 2265003010 Branch: Upperhill By donating, you give a deserving young soul some bright future that would otherwise remain bleak

Download the form here: ChildHope Foundation Application Form

 

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Mwalimu Insurance Premium Financing

PRODUCT FEATURES

• Brand: Mwalimu Insurance Premium Financing.
• Loan to pay premiums for vehicles, machinery, property, livestock, crops, stock, etc.
• Loan term: Up to 10 months.
• Flexible repayment.
• Disbursement directly to insurance company.
• Cover via MNS RIB Ltd.
• Member contributes 10% of premium upfront.
• Requires 2 guarantors.
• Interest rate: 10% flat.
• Default: Cover cancelled after 30 days of non-response.

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What does Mwalimu National Sacco bring to the table?

Sign up today and enjoy:

 Easy registration

 Competitive loans

 Mobile app convenience

 Trusted by thousands of teachers & professionals

Start today by visiting mwalimunational.coop

 Apply now via our app or visit www.mwalimusacco.coop

 Or walk into any Mwalimu Sacco branch near you!