Mwingi Teachers SACCO Development Loan
Mwingi Teachers SACCO
Last updated: April 16, 2026
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★★★★★
0/5Based on 0 Reviews
Interest Rate
12% p.a.
Loan Amount
Ksh 30,000 - Ksh 5,000,000
Approval Time
24-72 hours
Processing Fee
KshNaN
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Pros & Cons
Pros
- Competitive 12% interest on reducing balance
- Up to 3x deposits development loan
- Tailored for tsc-employed teachers across mwingi sub-counties
- Mwingi HQ anchor branch
- Tenure up to 72 months
- Drought hardship 3-month grace
- Semi-arid land loan
- Mobile FOSA for remote postings
Cons
- Restricted to teachers common bond members
- Guarantors required from same SACCO
- Minimum 3 months deposits before first loan
- Processing can take up to 48 hours
- Mwingi teachers only
- KES 5m ceiling
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Product Details
Features
- TSC check-off for Mwingi teachers only
- ASAL drought hardship loan with 3-month grace
- 3x deposits development loan
- Education fees loan for local boarding schools
- Small land purchase loan for semi-arid plots
- Retirement scheme with gradual share transfer
- Mobile FOSA for remote postings
Eligibility Requirements
Age: 18 - 60 years
Employment: TSC teachers Mwingi sub-counties
Required Documents
- National ID
- Membership certificate
- Payslips (3 months) or trade proof
- Guarantor forms (2+ guarantors)
- KRA PIN certificate
Repayment Options
Salary check-offBank transferM-Pesa
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