Below are important details you wish to know about Taqwa Sacco;
Taqwa Sacco paybill number
Taqwa Sacco Mpesa Paybill Number is 275233.
How to make payment to Taqwa Sacco:
M-Pesa Option
- Access your M-Pesa menu on your mobile phone.
- Select “Lipa na M-Pesa.”
- Choose the “Paybill” option.
- Enter the Taqwa SACCO Paybill number: 275233.
- Input the relevant account number based on your transaction type below (e.g., 23- for FOSA, 23-01 for BOSA).
- Enter the amount you wish to pay.
- Key in your M-Pesa PIN to complete the transaction.
| Product | Account Number |
| FOSA | 23- |
| BOSA | 23-01 |
| Business Loan Repayment | 23-11 |
| Emergency Loan Repayment | 23-12 |
| School Fees Loan Repayment | 23-13 |
| Asset Finance Repayment | 23-18 |
| Taqwa SACCO Land Investment | 23-07 |
Ensure that you use your registered Mobile Number when depositing
PAYING FOR ANOTHER MEMBER VIA PAYBILL
| Product | Account Number |
| FOSA | 23-TELEPHONE |
| BOSA | 23-TELEPHONE-01 |
| Business Loan Repayment | 23-TELEPHONE-11 |
| Emergency Loan Repayment | 23-TELEPHONE-12 |
| School Fees Loan Repayment | 23-TELEPHONE-13 |
| Asset Finance Repayment | 23-TELEPHONE-18 |
| Taqwa SACCO Land Investment | 23-TELEPHONE-07 |
You can also use the ID Number of the recipient instead of the Telephone.
Bank Transfer
Kenya Commercial Bank (KCB):
Account Number: 1107769108
Account Name: Taqwa Savings and Credit Cooperative Society Limited
Branch: Moi Avenue
Reference: Full Names, Membership Number, and ID Number
Gulf African Bank:
Account Number: 0830001101
Account Name: Taqwa Savings and Credit Cooperative Society Limited
Branch: Kenyatta Avenue
Reference: Full Names, Membership Number, and ID Number
Premier Bank (Formerly FCB):
Account Number: 0010222901
Account Name: Taqwa Savings and Credit Cooperative Society Limited
Branch: Wabera Street
Reference: Full Names, Membership Number, and ID Number
Checkoff System
Coordinate with your employer to deduct your Taqwa SACCO payments directly from your salary using the checkoff system.
Taqwa Sacco location and contacts
Address
- Taqwa Savings & Credit Coop Ltd.
- Ground Floor, Jamia Plaza
- Kigali Street, Nairobi Kenya
- Nairobi, Kenya
Contact Information
- Phone: (254) 700 33 22 11
- Phone: (254) 786 33 22 11
- Phone: (254) 721 33 22 11
- Email: info@taqwasacco.co.ke
- Email: customercare@taqwasacco.co.ke
Taqwa Sacco loans
Business Loans
Key Features
Shariah-Compliant Financing: Our Business Loan is structured in accordance with Islamic principles, ensuring that your growth is not hindered by interest-bearing burdens. Taqwa SACCO is committed to providing ethical and responsible financial solutions that respect your beliefs.
Generous Loan Limits: You can access up to three times your savings, offering substantial capital for your business needs. Whether you are looking to expand operations, invest in new equipment, or boost working capital, our Business Loan has you covered.
Maximum Limit of Kes. 2 Million: We understand that each business is unique, and financial requirements vary. Our Business Loan ensures that you receive the support you need, with a maximum limit of Kes. 2 million, giving you the flexibility to execute your plans effectively.
Flexible Repayment Tenure: Our Business Loan comes with a manageable and convenient 3-year repayment period. This extended timeframe allows you to repay the loan at a pace that aligns with your business cash flow.
School Fees Loan
Key Features
Shariah-Compliant Financing: Our School Fees Loan adheres to Islamic principles, ensuring that you can support your child’s education without the weight of interest.
Generous Loan Limit: Access up to Kes. 200,000 to cover tuition fees, ensuring that your child receives the education they deserve.
12-Month Repayment Period: Enjoy the flexibility of repaying the loan over 12 months, allowing you to manage your finances efficiently.
Secure your child’s educational journey with Taqwa SACCO’s Shariah-compliant School Fees Loan. Join us today for ethical and empowering financial solutions.
Emergency Loan
Key Features
Shariah-Compliant Financing: Upholding Islamic principles, our Emergency Loan ensures that you can navigate unforeseen circumstances without the burden of interest.
Swift Assistance: Access up to Kes. 100,000 swiftly to address urgent needs, providing a financial cushion during times of uncertainty.
12-Month Repayment Period: Enjoy the flexibility of repaying the loan over 12 months, making it convenient to manage your finances while overcoming unexpected challenges.
Mortgage Finance
Key Features
Loan Limit of Kes. 10 Million: Access substantial funding to secure the home that suits your lifestyle and aspirations.
Extended Repayment Tenure: Enjoy flexibility with a repayment tenure of up to 120 months, allowing you to comfortably manage your finances.
Competitive Profit Rate: Benefit from a competitive profit rate of 10% p.a. on a reducing balance, ensuring a cost-effective financing solution.
Eligibility Criteria
To make homeownership accessible, our eligibility criteria are straightforward:
Active FOSA Account: Maintain an active FOSA account with Taqwa SACCO for a minimum of 3 months, showcasing your commitment to our community.
Repayment Capability: Demonstrate the capability to repay the loan, supported by payslips or bank statements, ensuring a responsible and sustainable financial commitment.
Collateral Value: Provide collateral in the form of a logbook or title deed, ensuring the security of your investment.
Asset Finance
The maximum repayment tenure for financing secured with a log book as collateral is 36 months.
FOSA Facility Requirements
- Duly filled facility application form
- Notarized Sale Agreement or Letter of Offer for sale
- Copy of security (usually title deed or logbook)
- Certified copy of pay slip for the last 3 months or M-pesa or Bank statement if self-employed
- Certified copy of ID/Password
- Copy of KRA PIN Certificate
- 2 recent color passport-size photographs
- An active member of the SACCO for at least 3 months
- At least one(1) Share Capital
Ethical Investments
Affordable Plots in Konza and Kajiado
Invest in the future with our affordable 50X100 plots in Konza starting at Kes. 450,000 and 1/4 acre plots in Kajiado from Kes. 550,000. These strategic locations promise potential appreciation, making them ideal for long-term investments.
| Konza | Kajiado | |
| Location | Konza | Ngatataek, Kajiado |
| Land Size | 20 Acres | 5 Acres |
| Subdivided Into | 1/8 (50*100) | 1/4 (100*100) |
| Good For | Residential/Prospecting | Commercial/Agriculture |
| Price (Kes.) | 450, 000 /= | 550, 000 /= |
| PIN (Google Map) |
The title processing fee is KES. 49,000/=. The plot(s) is booked after making payments on a first-come-first-served basis.
Salsabil Heights – Female Hostel-Only Studios in Parklands
Discover Salsabil Heights, offering exclusive female hostel-only studios in Parklands with a breathtaking view of Karura Forest. Projected to yield Kes. 75,000 monthly ROI, this investment combines comfort, security, and a promising return. There is only a limited number of units up for grabs.
Jabavu Affordable Housing Program in Parkroad, Ngara
Participate in the Jabavu Affordable Housing Program located in Parkroad, Ngara. A cornerstone of Taqwa SACCO’s commitment to accessible housing, this program provides affordable living spaces, fostering community growth.
Financing Option
For eligible members, Taqwa SACCO offers Asset Finance with repayment periods extended up to 60 months for Jabavu Housing and plots, and 72 months for Salsabil Heights investment. This option allows for spreading repayments, enhancing financial flexibility, and easing the burden of acquiring valuable assets.
Membership Requirements
Taqwa SACCO membership is open to all Kenyans and non-Kenyans from across the globe; regardless of gender, race, religion, or class, who prefer ethical financial services governed by Islamic Principles of NO RIBA/INTEREST. We are a member-owned SACCO and our members take center stage in all our decision-making. Presently, we have 13, 250+ members drawn from across Kenya, East and Central Africa, and beyond.
Why Choose Taqwa SACCO
- Islamic Principles: Taqwa SACCO strictly adheres to Islamic principles, providing financial services that align with ethical and Shariah-compliant practices.
- Inclusive Membership: Open to all Kenyans, irrespective of race, gender, religion, or class, promoting inclusivity and diversity within our community.
- Community-Centric Approach: More than a financial institution, Taqwa SACCO fosters a community-centric approach to wealth management, supporting the growth and prosperity of its members.
- Ethical Financial Growth: Taqwa SACCO offers a unique blend of financial services designed to align with Islamic teachings, ensuring ethical and responsible financial growth.
- Diverse Portfolio: From affordable plots to exclusive studios and affordable housing programs, Taqwa SACCO provides a diverse portfolio catering to various investment preferences.
- Competitive Profit Rates: Members benefit from competitive profit rates, ensuring that financial returns are both attractive and in line with ethical principles.
- Inclusivity and Accessibility: The eligibility requirements are designed for inclusivity, with membership open to those who share our values and commit to responsible financial practices.
Eligibility Requirements
While membership is open, Taqwa SACCO admits only eligible individuals, groups, or corporates upon fulfillment of the base requirements below: –
- A copy of National/Alien ID/Passport or Birth Certificate for a minor account
- A copy of the KRA PIN Certificate
- colored passport-sized photographs
- A copy of a recent payslip, letter of appointment, or M-pesa/bank statement
- Attached copy of the membership application form
- Registration Fee of Kes. 1500 for both BOSA and FOSA or Kes. 500 for FOSA only
Registration Steps
Download the application form below, fill in all the required fields, scan it, and send it to taqwasacco1@gmail.com together with the required documents. You can also fill out an online application or visit our offices at Jamia Plaza, Kigali Street, Nairobi.
BOSA MEMBERSHIP APPLICATION FORMDownload
FOSA MEMBERSHIP APPLICATION FORMDownload
Join Taqwa SACCO today and become part of a community that values ethical financial growth. Empower your financial journey with us, where diversity is embraced and unity prevails.
Investing ethically, prospering together.
