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Mwalimu National Sacco Loans – Download Application Form

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Mwalimu Sacco Downloads, Mwalimu Sacco Loan Rates, Mwalimu Sacco Loan Calculator, Mwalimu National Sacco Loans, Mwalimu Sacco Housing Project, Mwalimu Sacco Contacts, Mwalimu Sacco News, Mwalimu Sacco Loans, Mwalimu Sacco Downloads, Mwalimu Sacco Kenya, Mwalimu Sacco Facebook

Mwalimu Sacco was formed and registered in the year 1974 under the Co-operative Societies Act as a SACCO Society whose main objective is to mobilize savings and provide credit to its members.

 

  • mwalim-nationalTSC Secretariat
  • TSC teachers in Secondary schools & Tertiary institutions,
  • TSC teachers in Primary schools (Diploma OR Degree holders)
  • Mwalimu National Sacco Society Staff
  • Members’ Spouses in formal employment.

Mwalimu National Sacco Loans/Products

Mwalimu National Sacco Loan Application Requirements

1.    A copy of National ID Card / Passport
2.    An ORIGINAL PAYSLIP not more than TWO  months old.
3.    A fully filled OFFICIAL loan application form.
4.    The loan must be fully guaranteed.
5.    Top ups (Bridging) of existing loans must be conducted at WSF or FOSA accounts.

OTHER CONDITIONS APPLICABLE

1.    Minimum monthly share contribution applicable after loan approval is a % of the loan depending on one’s deposit balance as follows:

Share Range % of Loan
1 Less than 300,000 0.9
2 300,001 – 600,000 0.8
3 600,001 – 900,000 0.7
4 Above 900,000 0.6

2.    Approved loans shall be paid through WSF accounts or salary account (as per the pay slip).
3.    Members can qualify for all the above loan products at any given time provided that TOTAL OUTSTANDING LOANS SHALL NOT EXCEED SIX TIMES A MEMBER’S DEPOSITS subject to the 1/3 RULE.

Comparison between Mwalimu Sacco Loans & Bank Loan

Sacco loans do not have hidden charges and interest rates do not change over the lifespan of the Loans. Commercial bank loans have a number of motley charges some of which include:
•    Insurance fee.
•    Appraisal/ Processing Fee
•    Account Maintenance Commission
•    Accrued Interest Charges (Arrears Account)
•    Late Remittance charges
•    Premature Loan Clearance charges.

NOTE: Banks have yearly reappraisals to determine interests to charge. This implies that the interest rates can vary within the lifespan of the loan. As and when interests in the money market change (upwards), the interests on running loans are also adjusted (upwards) without notice.

Mwalimu National Sacco Offices and Locations

Mwalimu Sacco Head Office – Nairobi

Tom Mboya Street

mwalimu@mwalimunational.coop

Tel: 020 – 2956000, 0709 – 898000

 

Mwalimu Sacco Nairobi County

WSF TSC Branch

TSC Centre

wsftsc@mwalimunational.coop

 

Mwalimu Sacco WSF Nairobi

Mwalimu Co-op House

9th Floor

Tom Mboya Stree

 

Mwalimu Sacco Bungoma County

WSF Webuye Branch

Afro Fancy House

wsfwebuye@mwalimunational.coop

 

Mwalimu Sacco Kakamega County

WSF Kakamega Branch

Cannon Awori Street

wsfkakamega@mwalimunational.coop

 

Mwalimu Sacco Kisii County

WSF Kisii Branch

Ouru Complex

wsfkisii@mwalimunational.coop

 

Mwalimu Sacco Kisumu County

WSF Kisumu Branch

Oginga Odinga Street

wsfksm@mwalimunational.coop

 

Mwalimu Sacco Kitui County

WSF Kitui Branch

Winlo Complex,

Kilungya Street

wsfkitui@mwalimunational.coop

 

Mwalimu Sacco Machakos County

WSF Machakos Branch

Mbolu Maru Road

wsfmachakos@mwalimunational.coop

 

Mwalimu Sacco Meru County

WSF Meru Branch

Stemuki Plaza,

Kikukiri Street

wsfmeru@mwalimunational.coop

 

Mwalimu Sacco Mombasa County

WSF Mombasa Branch

Arrow Plaza

wsfmombasa@mwalimunational.coop

 

Mwalimu Sacco Nakuru County

WSF Nakuru Branch

Vickers House,

Kenyatta Avenue

wsfnakuru@mwalimunational.coop

 

Mwalimu Sacco Nyeri County

WSF Nyeri Branch

Kanisa Road

wsfnyeri@mwalimunational.coop

 

Mwalimu Sacco Uasin Gishu County

WSF Eldoret Branch

Zion Mall,

Uganda Road

wsfeldoret@mwalimunational.coop

 

 

Vision

A world class co-operative financial Institution (CFI)

Mission

To mobilize funds, provide credit and other financial services to our customers at competitive terms.

CORE VALUES OF THE SOCIETY

Accountability

Our staff have an obligation and willingness to accept responsibility for all our actions every hour of every day. We are accountable for providing the highest level of services to agreed standards.

Honesty

In our interactions with other members of staff or customers, what we say and do, is in a forthright, direct, clear, complete and sincere manner. Our word is our bond with each other.

Integrity

We commit ourselves to act in an honest, accountable and transparent manner in all our undertakings.

Respect for our customers

All members of the Society believe that everyone has value; our actions define our respect for all fellow team members and our customers.

Professionalism

We are committed to the highest levels of achievement obtainable through competence and pertinent skills.

Commitment to excellence

We strive to do better than expected by excelling in everything we do.

Team work

We embrace teamwork and collaboration both within our Society and with all our Stakeholders.

Mwalimu Sacco – Contacts

Physical Address: City Square, Nairobi
P.o Box:
Tel
: 020249980, 020245302

Web: http://www.mwalimusacco.com/

Mwalimu National Sacco Downloads

COMPANY PROFILE

MWALIMU NATIONAL NEWSLETTER 2016

MEMBERSHIP APPLICATION FORM

PREQUALIFICATION TENDER

ACCOUNT TRANSFER FORM

BANKERS CHEQUE CANCELATION FORM

BURIAL BENEVOLENT FUND MEMBERSHIP APPLICATION FORM

DIVIDEND CAPITALIZATION FORM

FORGOTTEN LOST PIN NUMBER REQUEST FORM

FOSA ACCOUNT OPENING FORM

GOMOBILE APPLICATION FORM

INSTANT CREDIT APPLICATION FORM

INTRODUCTION LETTER BY REFEREES

LOAN APPLICATION FORM

LOAN VARIATION FORM

LOST ATM REPLACEMENT FORM

NOMINEE DECLARATION FORM

REPLACEMENT OF PASSBOOK PASSCARD

S.A.Y.E. VARIATION FORM

SHARES VARIATION FORM

STANDING ORDER

UNBLOCKING OF MY ATM CARD

WITHDRAWABLE SAVINGS FUND APPLICATION TO OPEN A FIXED DEPOSIT ACCOUNT

WSF OVERDRAFT APPLICATION FORM

Mwalimu Sacco Downloads, Mwalimu Sacco Loan Rates, Mwalimu Sacco Loan Calculator, Mwalimu National Sacco Loans, Mwalimu Sacco Housing Project, Mwalimu Sacco Contacts, Mwalimu Sacco News, Mwalimu Sacco Loans, Mwalimu Sacco Downloads, Mwalimu Sacco Kenya, Mwalimu Sacco Facebook

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