Cosmopolitan Sacco was established in 1977 under the name Nakuru Teachers SACCO, primarily serving teachers in Nakuru. In 2012, the SACCO rebranded to Cosmopolitan Sacco to reflect its now diverse membership, which exceeds 10,500 members. The Sacco currently holds a share capital over Ksh 2.2 billion and an asset base exceeding Ksh 3.3 billion.
How to Use Cosmopolitan Sacco Paybill Number 833050
To deposit funds or repay loans via M-PESA, follow these steps:
- Open M-PESA Menu
- Select Lipa na M-PESA
- Choose Pay Bill
- Enter Business Number: 833050
- Enter your FOSA Account Number
- Enter the amount to send
- Input your M-PESA PIN
- Confirm details and press OK
- Wait for a confirmation message from Safaricom
Cosmopolitan Sacco Loan Products
BOSA Loans
- Development Loan
- Up to 4× member deposits
- Repayment: 48 months
- Interest: 1% reducing balance
- Emergency Loan
- Up to 4× member deposits
- Repayment: 12 months
- No documents needed
- Instant processing
- Interest: 1% reducing balance
- Education Loan
- Up to 4× deposits
- Repayment: 18 months
- Interest: 1.25% reducing balance
- Special Loan
- Up to 3× deposits
- Repayment: 60 months
- Interest: 1.25% reducing balance
- Makaribisho Loan
- For newly employed teachers
- Up to Ksh 100,000
- Repayment: 48 months
- Interest: 1% reducing balance
- Premium Loan (Grant)
- Up to 4× deposits
- Repayment: 48 months
- Interest: 1% reducing balance
- Okoa Jahazi Loan
- Bail-out facility from other lenders
- Repayment: 48 months
- Interest: 1% reducing balance
- Boresha Loan
- Deposit top-up loan
- Repayment: 48 months
- Interest: 1% reducing balance
- Fanikisha Loan (Top-Up)
- Clears old loan, issues new one
- Repayment: 48 months
- Interest: 1% reducing balance
FOSA Loan Products
- Salary Advance
- Up to Ksh 200,000
- Repayment: 12 months
- Interest: 15% p.a.
- Salary In-Advance / Pensioner Advance
- Up to Ksh 15,000 for salaried / 50% pension for pensioners
- Repayment: within the month
- Interest: 5%
- Class B Members Loans
- Up to 3× savings
- First loan: 18 months
- Subsequent: 32 months
- Interest: 1% on principal
- Chama Loans
- Group-based loans
- Repayment: 36 months
- Interest: 1% on principal
- Group minutes and signatories required
Mobile Banking Benefits
Using Cosmopolitan Sacco Paybill Number 833050, members can:
- Deposit anytime from any location
- Repay loans instantly
- Avoid queues and manual banking
This mobile banking platform enhances convenience and financial inclusion for all members.
Cosmopolitan Sacco Contacts
For assistance with Cosmopolitan Sacco Paybill Number 833050 or any other services, contact:
Head Office (Nakuru):
P.O. Box 1931, Nakuru, Kenya
📞 Tel: 051 2212415/6
📱 Mobile: 0722 388616
✉ Email: [email protected]
Branch Contacts
- Naivasha Branch
📱 0700 470339
📍 Biashara Street, near Naivas Kubwa Supermarket - Bahati Branch
📱 0700 470342
📍 Next to District Headquarters - Molo Branch
📱 0716 861224 - Narok Branch
📱 0717 546502
Use Cosmopolitan Sacco Paybill Number 833050 today for convenient mobile deposits and loan repayments wherever you are.
