Below are important details about Invest & Grow Sacco:
Contact information
IG (Invest & Grow) Sacco Society LTD
Khalisia Road 3, IG Sacco Plaza
P.o Box 1150- 50100 Kakamega, Kenya.
Telephone: +254 56 2030864
Mobile: +254 726 340 851/ +254 736 333 334
Email: info@igsaccoltd.co.ke, sales@igsaccoltd.co.ke
Invest & Grow Sacco Membership Requirements
IG Sacco Membership Eligibility
Originally, membership of IG Sacco was limited to teachers in primary and secondary schools and members of the Kenya National Union of Teachers (KNUT). However, the Sacco has since broadened its scope and now accepts:
- Teachers
- Civil servants
- Self-employed individuals
- Corporate entities
IG Sacco Membership Requirements
The membership requirements vary based on the individual’s employment status.
(i) TSC Non-Salaried Members
- Duly filled membership application form (available on the Sacco’s website or at any Sacco branch)
- Latest payslip, if available
- Copy of ID
- Appointment/recommendation letter
- Copy of KRA PIN certificate
- Photo, ID, and fingerprint specimen taken at the Sacco
(ii) TSC Salaried Members
- Duly filled IG Sacco joining form
- Latest payslip
- Copy of ID, photo, ID, and fingerprint specimen taken at the Sacco
(iii) Private Organisation Salaried Members
- Duly filled IG joining form
- Latest payslip
- Copy of ID
- Appointment/recommendation letter
- 3 months’ bank statement
- Photo, ID, and fingerprint specimen taken at the Sacco
- Fix a standing order to IG Sacco, KCB Bank Kakamega Branch, Account Number: 1101757663
(iv) Self-Employed Individuals
- Duly filled joining form
- Copy of ID
- KRA PIN certificate
- Recommendation from assistant chief/chief
- Photo, ID, and fingerprint specimen taken at the Sacco
- 3 months’ bank statement
- Fix a standing order to IG Sacco, KCB Bank Kakamega Branch, Account Number: 1101757663
Invest &Grow Sacco Loans
FOSA Loan
Features:
- Maximum Repayment Period is 24 Months
- Processing Period: Within 4 Hours
- Qualifications: Ability to Repay Subject to 30% of net monthly salary from employer
- Requirements: Latest Payslip, Duly filled and signed Loan application Form
- Security: Non-withdrawable Deposits, Salary, Savings, Guarantors and Sacco acceptable tangible securities.
- Multiplier: 10 times your Non-withdrawable Deposits.
- NB: *** Salary should have been paid through FOSA for atleast 3 Consecutive months.
How to apply:
- Download loan application
- Fill and deliver to a branch near you.
Progressive Loan
Features:
- Repayment Period: 48 Months
- Processing Period: Within 1 month
- Qualifications: Ability to Repay Subject to 30% of net monthly salary from employer
- Requirements: Latest Payslip, Duly filled and signed Loan application Form
- Security: Non-withdrawable Deposits, Salary, Savings, Guarantors and Sacco acceptable tangible securities.
- Multiplier: 10 times your Non-withdrawable Deposits.
- NB: *** Salary should have been paid through FOSA for atleast 3 Consecutive months.
How to apply:
- Download loan application
- Fill and deliver to a branch near you.
FOSA Plus Loan
Features:
- Repayment Period: 12 Months
- Processing period: Within 4 Hours
- Qualifications: Ability to Repay Subject to 30% of net monthly salary from employer
- Documents: Latest Payslip, Duly filled and signed Loan Application Form
- Security: Non-withdrawable Deposits, Salary, Savings, Guarantors and Sacco acceptable tangible securities.
- Multiplier: 10 times your Non-withdrawable Deposits.
- NB: *** Salary should have been paid through FOSA for atleast 3 Consecutive months.
How to apply:
- Download loan application
- Fill and deliver to a branch near you.
Akiba Loan
Features:
- Repayment Period: 24 Months
- Qualifications: Ability to Repay Subject to 30% of net monthly salary from employer
- Security: Non-withdrawable Deposits, Salary, Savings, Akiba Savings, Guarantors and Sacco acceptable tangible securities.
- Processing Period: Within 4 Hours
- Requirements: Latest Payslip, Duly filled and signed Loan application Form
- Mutiplier: 5 times your Akiba Savings.
How to apply:
- Download loan application
- Fill and deliver to a branch near you.
Empowerment Loan
Features:
- Repayment Period: 84 Months
- Processing Time: Within 1 Month
- Qualifications: Ability to Repay Subject to 30% of net monthly salary from employer
- Requirements: Latest Payslip, Duly filled and signed Loan application Form
- Security: Non-withdrawable Deposits, Salary, Savings, Guarantors and Sacco acceptable tangible securities.
- Multiplier: 10 times your Non-withdrawable Deposits.
- Salary should have been paid through FOSA for atleast 12 Consecutive months.
How to apply:
- Download loan application
- Fill and deliver to a branch near you.
Normal Loan
Features:
- Repayment Period: 60 Months
- Processing period: Within 1 Month
- Qualifications: 60 Months Subject to ability to Repay
- Documents: Latest Payslip, Duly filled and signed Loan Application Form
- Security: Non-withdrawable Deposits, Salary, Savings, Guarantors and Sacco acceptable tangible securities.
- Multiplier: 5 times your Non-withdrawable Deposits.
How to apply
- Download loan application
- Fill and deliver to a branch near you.
Jipange Loan
Features:
- Repayment Period: 24 Months
- Processing Time: Within 4 Hours
- Qualifications: Subject to ability to Repay
- Requirements: Certified copy of retirement letter and Duly filled and signed Loan application Form
- Security: Non-withdrawable deposits, Savings, Commitment Letter from Pensions Department and atleast 3 guarantors.
- Multiplier: 1.5 times your Non-withdrawable Deposits.
How to apply:
- Download loan application
- Fill and deliver to a branch near you.
Automobile Loan
Features:
- Repayment Period: 72 Months
- Qualifications: Subject to ability to Repay
- Security: Non-withdrawable Deposits, Salary, Savings, Guarantors and Sacco acceptable tangible securities.
- Processing Period: Within 1 Month
- Requirements: Latest Payslip, Duly filled and signed Loan Application Form
- Mutiplier: 5 times your Non-withdrawable Deposits capped at KES 900,000 Maximum.
How to apply:
- Download loan application
- Fill and deliver to a branch near you.
Haraka Loan
Features:
- Qualifications: Subject to ability to repay.
- Maximum Repayment Period: 24 Months
- Requirements: Latest Payslip, Duly filled and signed Loan Application Form
- Security: Non-withdrawable Deposits, Salary, Savings and Guarantors
- Processing Period: Within 4 hours.
- Multiplier: 10 times your Non-withdrawable Deposits.
- NB: *** One can apply for Haraka Loan as many times as one can repay.
How to apply:
- Download loan application
- Fill and deliver to a branch near you.
Prime Loan
Features:
- Repayment Period: 72 Months
- Processing Time: Within 1 Month
- Qualifications: Subject to ability to Repay
- Requirements: Latest Payslip, Duly filled and signed Loan application Form
- Security: Non-withdrawable Deposits, Salary, Savings, Guarantors and Sacco acceptable tangible securities.
- Multiplier: 5 times your Non-withdrawable Deposits.
- NB: ***Must capitalize dividend annually for the period the loan will be under repayment.
How to apply:
- Download loan application
- Fill and deliver to a branch near you.
Fanikisha Loan
Features:
- Maximum Repayment Period is 108 Months
- Processing Period: Within a month
- Qualifications: Ability to Repay, Non-withdrawable Deposits, Salary
- Requirements: Latest Payslip, Duly filled and signed Loan application Form,
- Security: Savings, Guarantors and Sacco accept-able tangible securities.
- Multiplier: 5 times your Non-withdrawable Deposits.
- NB: *** Salary should have been paid through FOSA for atleast 3 Consecutive months.
How to apply:
- Download loan application
- Fill and deliver to a branch near you.
E-products
E-ADVANCE
IG E – Advance enables FOSA earners to access their salary or pension advance at the comfort of their homes.
Benefits of IG E – Advance
- Easily accessible.
- Available 24/7.
- No guarantors needed.
- Available anytime… any where.
How to apply
1. Dial *879#
2. Enter PesaPepe Pin.
3. Select Option 2 for Loan. 1. Borrow Or 2. Repay
4. Select Borrow 1. Mobile Loan Salary 2. Mobile Loan
5. Select option 1
6. Enter Amount
7. Enter 98 to Accept.
E-LOAN
IG E – Loan enables all our members to access loans on their mobile phone of upto Ksh 75,000 at the touch of a dial.
Benefits of IG E – LOAN
- Available 24/7 anytime… any where.
- It is safe and secured.
- No guarantors needed.
- You can borrow up to Ksh 75,000
How to apply
- Dial *879#
2. Enter PesaPepe Pin.
3. Select Option 2 for loan. – 1. Borrow Or 2. Repay
4. Select Borrow 1. Mobile Loan Salary 2. Mobile Loan
5. Select option 2
6. Enter Amount
7. Enter 98 to Accept.
M-Banking/E-Banking
Offered to customers where they can access their FOSA accounts anywhere any time at the comfort of their seats e.g. – Salary alerts, payment of utilities, purchase airtime, loans and advance alerts.
Fixed Deposit Reserve
Offered to customers who look for higher returns on their savings, minimum is Kshs. 10,000, minimum peri-od is 3 months. We offer competitive interest rates.
Nyota Ndogo Account
A savings account for children and encourages saving culture in children.
- It offers very competitive interest rates and benefits.
- Minimum monthly savings is Kshs. 200.
Holiday Savers Account
Offered to customers who wish to develop a savings culture and wish to go for holiday or wish to plan for future events e.g. weddings, parties. We offer competitive interest rates.
Fosa Akiba
This is a savings account for customers who wish to save for retirement or other projects. The scheme requires:
- Minimum monthly savings of Kshs. 100.
- Payment through standing order or cash.
- Account to mature on retirement /termination/resignation/death.
- The savings earn an attractive interest rates.
- Amount saved can be used as security to get a FOSA Akiba loan.
Pesa Pepe
IG Sacco M-Banking *879#