Below are important details about Cosmopolitan Sacco:
Requirements of joining Cosmopolitan Sacco
Duly fill the application forms.
Attach a copy of ID, payslip for salaried and Kra Pin.
Registration fee of Kshs. 1,000/=
What is the minimum monthly contribution to Cosmopolitan Sacco
Minimum monthly contribution for civil servants is Kshs. 2,300/=
Minimum monthly contribution for Cash members is Kshs. 1,800/=
Minimum monthly contribution for groups is Kshs. 1,600/=
Requirements to apply for a loan at Cosmopolitan Sacco
Fully completed loan application forms with guarantors ID attached.
Guarantors deposits must be equal or more than the loan applied.
Attached current payslip for salaried. Attached bank statement for cash members.
How do I retrieve the activation code?
1.Dial *882#
2.Enter your pin
3.Select Option 5. My account and select mobile App.
4.Select Activate mobile app and select yes wait for an sms with the mobile app activation code.
Metropolitan Sacco Loans
Cosmo-Pesa Loan
- Access the Loan on M-cosmo App or *882#
- Receive money on M-pesa Wallet.
- One must be a member for a period not less than three months
- One can access a maximum of KShs.10,000 subject to your deposits
- The loan is payable within 30 days.
- interest 10% per month
Wezesha Loan
- Loan given strictly within 2/3 of the salary.
- Deducted through checkoff only.
- Repayment period within 84 months.
- Loan given to TSC, County and National Government Employees who are on permanent & pensionable terms only.
- PAYSLIP is the only security for this loan.
Premium Loan
- Eligible for salaried members
- Maximum deposit holdings five times subject to 2/3 rule.
- Repayment period maximum 96 months.
FOSA Loan
- 5 times member deposits
- Repayment period within 48 months.
- Salary must pass through Fosa.
Development Loan
- 5 times member deposits subject to 2/3 rule.
- Repayment period within 72 months.
Jijenge Loan
- 5 times member deposits.
- Salary must pass through Fosa.
- Other sources of income Must pass through Fosa.
- Repayment period within 48 months.
Refinancing Loan
- Within the remaining period of repayment of the major loan.
- Multiplying factor is as per the major loan less the loan balance.
Education Loan
- 5 times member deposits subject to 2/3 rule.
- Repayment period within 18 months.
Emergency loan
- 5 times member deposits subject to 2/3 rule.
- Repayment period within 12 months.
Pensioner Loan
- 5 times member deposits.
- Maximum repayment period within 84 months.
Chama Loan
- 5 times chama deposits
- Repayment period within 60 months.
- Collaterals can be used.
- Minutes of the group be attached to the application.
Biashara Loan
- 3 times member deposits.
- Collaterals can be used.
Salary Advance
Salary must Pass through FOSA
- Repayment period within 12 months.
Salary-In-Advance
- Salary must pass through FOSA.
- Repayment period within 1 month.
Pension Advance
- Pension salary must pass through FOSA.
- Guaranteed by a member with sacco deposits.
Fixed Deposit Advance
- Must have fixed deposit account.
- Fixed deposit advance to a maximum of 300,000/=.
Cosmopolitan Sacco Savings Products
Savings Account
Members can open an account and accrue savings in which it shall be available to them at their convenience|
Fixed Deposit Account
Negotiable interest rate, The minimum deposit is Ksh. 10,000, A minimum period of 3 months|
Holiday Account
Depositors have to make routine contributions throughout the year. Deposit into the account for a minimum period of 1 year before any withdrawal. The minimum balance is Ksh. 500|
Children Account
Available for children below the age of 18 years. The minimum balance is Ksh. 500|
Christmas Account
Depositors have to make routine contributions throughout the year.Deposit into the account for a minimum period of 1 year before any withdrawal. The minimum balance is Ksh. 500|
Cosmopolitan Sacco Customer Care Contacts
Contact Info
- Address:
Kijabe Lane, Natec Plaza, Nakuru. - Business hours:
Mon – Fri: 8:30AM – 4:30PM Saturday 8:00AM-1:00PM - Phone number:
0722388616
Contact Info
Head Office: Kijabe Lane , Natec Plaza Nakuru—-0722388616
Molo Branch—0716861224
Naivasha Branch—-0700470339
Bahati Branch—-0700470342
Narok Branch—0717546502
Subukia Satellite—0790261086
Mwisho wa Lami Satellite—0115819417
Gilgil Satellite—0796471764
