NRS Sacco is one of the leading Saccos to join in Kenya. The Sacco pays dividends of 13-17% of your shares. It’s one Sacco you should join if you want to own land,save money, get a loan or buy profitable shares. Below we provide important details you wish to know about the Sacco.

How to become a member of NRS Sacco

New Member Registration requirements

Application Requirements:

1. Fill and sign the application form.Visit the company’s website and download the form.
2. Copy of National Identity card
3. Copy of Kenyan Passport
4. Copy of Recent passport Photo
5. Copy of KRA Pin

After getting all the documents, visit the company’s website and apply online.

How to become a member from the diaspora

Application requirements:

1. Fill and sign the application form.The form is available on the company’s website
2. Copy of National Identity card
3. Copy of Kenyan Passport
4. Copy of Recent passport Photo
5. Copy of KRA Pin
6. Copy of Proof of Residency (residency permit/utility bill)

Registration fee table

NRS Sacco working hours

Working Hours

• Monday- Friday: 8:00am – 4:30pm
• Saturdays: 8:00am – 12:30pm
• Sundays & Holidays: Closed

NRS Sacco Customer Care contacts

HEAD OFFICE

Ondiri House, Next to Equity Bank
Phone: 0724 256 190 / 0111161600
Email: info@nrsacco.co.ke

NRS Sacco Branches and Contacts

Head Office

Ondiri House, Next to Equity Bank
P.O. Box 575 00902,
Kikuyu

Phone: 0724 256 190 / 0111161601

Kinoo Branch

Opposite Chrisco Church
P.O. Box 575 00902

Phone: 0111161604

Wangige Branch

NRS Building Opp Wangige Market
P.O. Box 575 00902

Phone: 0111161602

Nderi Branch

Opposite Nderi Market Centre

P.O. Box 575 00902

Phone: 0111161603

Dagorretti Branch

Opposite Equity Bank
P.O. Box 575 00902

Phone: 0111161605

FOSA Products

Ordinary (Current Account) Account

This is a savings account that is withdrawable at any time and the member can use it for transactions or for savings purpose.

Features

• No minimum operating balance
• Accept cash deposits or cheques
• Make deposits directly using Paybill Number 238447
• Members can process their salaries, business payments or any other payment

Benefits

• Withdrawals can be made through mobile application, USSD code *882# or over the counter
• No hidden charges
• No ledger fee
• Free deposit payments

Fixed Deposit

Durations of 3, 6, 9, and 12 months

Features

• Fix your deposit and earn attractive interest for amounts as low as Kshs. 10,000
• Interest Rate up to 13% per annum
• You can fix your deposit directly from the Okolea App or USSD *882#
• Automatic payout on maturity of the fixed period
• Fast and easy process plus the more you save the more you earn

SME’S Business Current account

This is a transactional account for members currently running businesses

Features

• Minimum operating balance of Kshs. 2,000
• Access to a cheque book
• Easy internal cash transfers
• Unlimited deposits through paybill number 238447 or mobile app or over the counter

Benefits

• Access to business loans of upto Kshs. 10,000,000
• Benefit from unsecured business loan

52 Week Saving Challenge

Features

• Full amount is withdrawable at the end of the year
• Minimum weekly contribution of atleast + 50/-
• Zero cost on operating the account

FOSA Advance Loan

Features

• Attractive interest rate
• Access to quick cash
• Repayment period upto 3 months
• Unlimited deposits and withdrawals

FOSA BIZNA

Features

• Minimum share capital: Kshs. 1,000
• Business account book balance: Kshs. 2,000
• Minimum loan limit: Kshs. 5,000
• Maximum loan limit: Kshs. 500,000
• Minimum monthly share deposit of atleast 1,000

BOSA PRODUCTS

Share Deposit Savings Account

This is a savings account that is used to borrow both short term and long term loans

Features

• Minimum monthly deposit of Kshs. 1,000
• Active members earn rebates annually
• Qualifies members for loans of up to x of their deposit
• Can fund the account through paybill, over the counter or internal transfer from ordinary account

Share Capital Account

Features

• Share Capital of Kshs. 20,000 to become a full member
• Become a full member of the Sacco
• Attractive dividends paid per annum
• Can fund the account through paybill, over the counter or internal transfer from ordinary account

Young Achiever’s children account

Features

• Parents must be an active NRS Sacco member
• Child must be below 18 years of age
• Minimum opening balance of Kshs. 500
• Monthly contribution of Kshs. 500 every month
• Limited withdrawals i.e. 3 times per year

Benefits

• Attractive interest rate for deposits from Kshs. 5,000
• Unlimited free deposits
• 3 Free school bankers cheque per year
• Savings can be used as collateral for securing school fees loan
• Free birthday card
• Annual Fun day

Chama and group account

Features

• Must have the group registration certificate
• Must provide 3 signatories for the officials
• Registration fee: Kshs. 1,000

Benefits

• No minimum monthly contribution
• Deposit is free
• Deposit through paybill number: 238447 or USSD Code: *822#
• Multiplier X 4 of your savings

E-Loan

Features

• Attractive Interest Rate
• Maximum Limit of upto Kshs. 50,000
• Repayment Period – 1 months

Jijenge Loan

Features

• Must be an active NRS Sacco Member
• Attractive Interest Rate
• Access upto of 90% of own savings
• Repayment Period of 12 – 24 months

Quick Fix

Features

• Must be an active NRS Sacco Member
• Attractive Interest Rate
• Maximum Limit of Kshs. 500,000
• Repayment Period upto 6 months

Emergency loan

Features

• Fast approval and dispatch
• Attractive Interest Rate
• Repayment period is 12 months
• Access upto 90% of your savings
• Can get a bankers cheque written directly to school

NRS Sacco Savings Products

Share Deposit Savings Account

This is a savings account that is used to borrow both short term and long term loans

Features

• Minimum monthly deposit of Kshs. 1,000
• Active members earn rebates annually
• Qualifies members for loans of up to x of their deposit
• Can fund the account through paybill, over the counter or internal transfer from ordinary account

Share Capital Account

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Features

• Share Capital of Kshs. 13,000 to become a full member
• Become a full member of the Sacco
• Attractive dividends paid per annumn
• Can fund the account through paybill, over the counter or internal transfer from ordinary account

Ordinary (Current Account) Account 

This is a savings account that is withdrawable at any time and the member can use it for transactions or for savings purpose.

Featres

• No minimum operating balance
• Accept cash deposits or cheques
• Make payment directly using Paybill Number 238447
• Members can process their salaries, business payments or any other payment

Benefits

• Withdrawals can be made through mobile application, USSD code *882# or over the counter
• No hidden charges
• No ledger fee
• Free deposit payments

Young Achiever’s children account

Featres

• Parents must be an active NRS Sacco member
• Child must be below 18 years of age
• Minimum opening balance of Kshs. 500
• Monthly contribution of Kshs. 500 every month
• Limited withdrawals i.e. 3 times per year

Benefits

• Attractive interest rate for deposits from Kshs. 5,000
• Unlimited free deposits
• 3 Free school bankers cheque per year
• Savings can be used as collateral for securing school fees loan
• Free birthday card
• Annual Fun day

NRS Sacco Loans

Below is a list of loans offered by NRS Sacco, how to apply and interest charged.

Business Loan

NRS Business loan is designed to support members of NRS Sacco with Micro, Small and medium scaled businesses to access affordable financial services.

Features

1. Financing up to 1 Million
2. Flexible monthly loan repayment.
3. Flexible security requirement.
4. Competitive interest rates
5. Repayment period of 24 months

Requirements

1. Must be a member of NRS Sacco
2. Must have served for at least 3 months
3. Submit a national ID copy
4. Submit 2 colored passports
5. Must already have a business

Kilimo Loan

Kilimo loan enables our members to invest in Dairy farming, aquaculture, input financing, Agro Dealer Financing, Water Tank financing, poultry farming and Greenhouse farming.

Features

1. Financing up to 2 million.
2. Flexible repayment period of up to 24 months.
3. Competitive interest rates on reducing balance.
4. Flexible security requirement

Requirements

1. Must be a member of NRS Sacco
2. Must have served for at least 6 months
3. Submit a national ID copy
4. Submit 2 colored passports

Development Loan

The Development loan product is designed to enable NRS members to invest in large scale investments and access capital to expand their businesses.

Development Loan Features

1. Financing is up to 7 million.
2. Flexible monthly loan repayment.
3. Flexible security requirements.
4. Competitive interest rates

Requirements

1. Tangible security
2. Must have saves for at least 6 months.
3. Submit a national ID copy.
4. Submit 2 colored passports
5. Bank Statement of at least 6 months

Emergency Loan

The emergency loan product is designed to meet the financial emergency needs of NRS members.

Emergency Loan Features

1. Fast processing of the loan
2. Repayment of up to 12 months.
3. Flexible security requirement

Requirements

1. Must be an active member of NRS Sacco.
2. Must have saves for at least 3 months.
3. Submit a national ID copy.
4. Submit 2 colored passports

School Fees Loan

School fees loan is tailored to enable NRS members to pay school fees and get access to quality education for their members

Features

1. Finance education needs for dependents and self.
2. Finance school fees cost at all stages of education.
3. Payment is made directly to the school.
4. Fast processing
5. Repayment is up to 12 months

Requirements

1. Submit a national ID copy.
2. Submit 2 colored passports
3. School fees structure

Mjengo Loan

The Mjengo loan is tailored to enable NRS members to acquire quality building materials for home construction or improvement. NRS provides members with finances to

• Construct a House
• Renovate a house
• Expand a house
• House finishing

Features

1. Available to all NRS members
2. Easy and flexible repayment terms
3. Land title deed not mandatory
4. Repayment period is up to 36 months
5. Easy and flexible collateral

Requirements

1. Must be an active member of NRS Sacco.
2. Must have saves for at least 3 months.
3. Submit a national ID copy.
4. Submit 2 colored passports
5. Construction cost Estimates

Boda Boda Loan

The give bora boda loan of up to Ksh 120,000.

Asset Finance

Asset finance loan is a product designed to facilitate financing of both mobile and immobile assets. The assets financed by NRS DT Sacco include,

• Motor vehicles
• School buses
• Land
• Machinery

Features

New unit –Private vehicles

• Financing of up to 70%
• Repayment duration of up to 36 months.

New unit-Commercial vehicles

• Financing up to 70%
• Repayment duration of up to 36 months.

Construction equipment

• Financing of up to 70% of unit cost
• Repayment duration of up to 24 months

Benefits

• Saves on business working capital
• No additional security required

Requirements

1. Must be an active member of NRS DT Sacco.
2. Must have saves for at least 3 months.
3. Submit a national ID copy.
4. Submit 2 colored passports
5. Comprehensive insurance
6. Proforma invoice.

 Micro Loans

The product is tailored to target formal and non-formal groups such as investment clubs, merry-go-round and welfare groups and are operating NRS group account.

Features

1. Flexible collateral options
2. Accessible to multiple loans subject to ability
3. Loan tenure of between 3 to 12 months
4. Refinancing is available subject to appraisal.

Chama Investment Loans

The Chama Investment Loan enables investment groups and investment clubs who operate an NRS Chama account access affordable financing.

Features

1. Favorable and affordable rates
2. A flexible repayment period
3. LPO financing for 3 group business contracts
4. Repayment of up to 36 months

CIVIL SERVANT CHECKOFF

Are you a civil servant looking for a credit facility to fulfil their needs? The Check Off Loan facility enables you to apply for all the NRS DT Sacco loan products and services

SALARY ACCOUNT FEATURES

• Salary Advance loan whenever you need it.
• Automated savings payment schedule
• Scheduled deduction by the employer or through the NRS Salary account.
• Deposit and withdraw through NRS Okolea App and USSD Code: *882#

CHECK OFF LOAN PRODUCT FEATURES

• Maximum repayment period is up to 48 Months
• Low Interest rate
• Fast approval and processing
• Loan on short term and long term repayment period

BANK OVERDRAFT

BANK OVERDRAFT FEATURES

• Access to more cash when your business account is zero
• Competitive interest rate
• Interest is charged only on the overdrawn amount
• Maximum limit based on your account
• Withdrawal through cheque leaf over the counter
• Must be fully secured by either cash, title deeds or log books
• Unlimited free deposits through NRS DT Sacco paybill

Lipa Later

Upgrade your lifestyle by buying home appliances in easy monthly installments.

• Low interest rates
• Flexible repayment period
• Fast approval and processing
• Multiplier x 3 of your savings
• Maximum loan amount of up to Ksh. 150,000

Documents required to apply for a loan at NRS Sacco

• Fully completed loan application form
• Attach copy of an acceptable form of identification (National ID/Valid Passport
• Must have been an active member for at least six months. 
• Must have a collateral

NRS Sacco Paybill Number

Paybill: 238447

How to pay NRS Loan through the Mpesa Paybill

• Go to Mpesa
• Select Lipa Na Mpesa
• Select Paybill
• Enter Business Number (238447)
• Enter Account Number (Member Number)
• Enter Amount
• Enter Mpesa Pin and Send