Gusii Mwalimu Sacco is a member owned and member controlled financial institution offering a diversity of financial products and services to its members at reasonably low rates of interest. It was established in the year 1977 but started operations in 1979

Sacco Membership

Its current membership stands at over 31,000 members drawn from the various member organizations including:

  • TSC Secretariat;
  • TSC teachers in Primary, Secondary schools & Tertiary institutions;
  • Lecturers in Public and Private Universities;
  • University Staff both public and Private
  • Gusii Mwalimu Sacco Society Staff
  • Employees of National & County Governments, Ministries and state Departments.
  • All civil servants
  • NGO employees
  • Pensioners

Admission into Membership

An applicant shall be admitted to membership on application upon payment of an entrance fee of Kshs.1000/=

Also take note:

  • Rejoining fee is Kshs.1,000/=
  • Minimum deposits contribution is Kshs.1,000/=
  • Eligibility for a loan is after 6 months of membership with regular contributions.
  • BBF (Burial Benevolent Fund) contribution of Kshs.200/= for members within the common bond
  • Member’s share capital is Kshs.20,000/=