Lenders
(opens in a new tab)Other Lenders
(opens in a new tab)Kenya
(opens in a new tab)Mwalimu National SACCO
(opens in a new tab) Back (opens in a new tab)Mwalimu National SACCO
Other LenderMoney Lender
No offers for this lender. Check out available loans by Lendsqr lenders to get a loan instantly!
Go to Website (opens in a new tab)About Mwalimu National SACCO
Mwalimu National SACCO is one of the largest deposit-taking Savings and Credit Cooperative Societies (SACCOs) in Kenya. Established in 1974, it was originally created to serve teachers but has since expanded its membership to include professionals, salaried employees, entrepreneurs, institutions, and businesses. Headquartered in Nairobi, the SACCO offers a wide range of savings, credit, investment, insurance, and digital financial services. It is licensed and regulated by the Sacco Societies Regulatory Authority (SASRA).
Amount
KSH 5,000 - KSH 150,000
Tenor
10 - 120 months
Min. approval time
24 hrs
Countries
Created on
July 2026
Last updated
July 2026
Requirements
The basic requirements to apply for a loan on Mwalimu National SACCO include:
- • Must be a registered Mwalimu National SACCO member.
- • Must have contributed savings consistently for at least 3 months (except eligible Wezesha Loan applicants).
- • Must maintain active monthly savings contributions.
- • Must provide a valid Kenyan National ID or Passport.
- • Must complete the official loan application form.
- • Must provide recent payslips or proof of income.
- • Must satisfy the SACCO's affordability assessment.
- • Must comply with the one-third salary rule.
- • Must provide guarantors who are SACCO members (unless using collateral-based lending).
- • Must maintain an active FOSA account for selected loan products.
- • Must submit additional documentation where required for specialized loans.
How to Apply
To apply for a loan with Mwalimu National SACCO, visit the lender's website and click on "Get Started." If you meet the eligibility criteria and agree with the terms, complete and submit the online application form.
This lender claims it can approve applications on the same day they are submitted and disburse funds within 24 to 72 hrs.
