Frequently Asked Questions
How can I join the SACCO?
A person interested in joining Ollin SACCO requires to fill the membership form, attach ID/passport copy and a passport size photo. There is no membership fee.
If you are not a teacher can you join the SACCO?
Yes, the SACCO is all inclusive hence the name ‘All in’. The SACCO opened the common bond to include business community, farmers, civil servants, self help groups, companies amongst others.
Where are you located?
The SACCO headquarters is at Kerugoya town and has 8 branches namely Mwea Branch and Kianyaga Branch in Kirinyaga county and Kitengela Branch, Kiserian Branch, Kimana Branch, Narok branch and Thika Branch.
How stable is Ollin SACCO?
Ollin SACCO is a licensed to operate by SACCO regulatory authority, complies with the authority laws and regulations and it has also heavily invested in its members by giving out loans.
For a new member how long does it take to qualify for a loan?
A new member needs to save for at least 2 months to be considered for a loan. But members who transfer their deposits from other SACCOs are treated as old members. Such a member after joining the SACCO is entitled for a loan immediately if he/she wishes.
Can I deposit money without visiting any branch?
Yes you can use mobile banking platform and send money via paybill number 480587.
What is the waiting period for a loan?
Long term loans are processed within 24hrs while short term loans are processed within the same day at the branch level.
What security does a member require to get a loan?
Guarantors, title deed or logbook of a vehicle. Title deed must be charged.
If one wants to withdraw from the SACCO, how long does it take to be refunded the deposits?
A member is required to give 60 days notice after which the deposits are refunded to his/her account.