Ollin Sacco Society Ltd was registered on 14th June 1976. It had a membership of 163 on inception but the membership currently stands at 14,000. The Sacco is located in Kerugoya town, Kirinyaga County in central region, which is approximately 120km from the capital city of Nairobi, and has branches in Mwea, Kitengela, Kiserian, Kimana Loitoktok and Kianyaga.
In year 2014, Muhigia Sacco was rebranded to Ollin Sacco under the intention of serving our customers better.
The Sacco is located in Kerugoya town, Kirinyaga County but draws its membership from various sectors like Education, Government, Farming, Jua Kali e.t.c The Sacco was the first in the republic of Kenya and indeed, in Africa to operate a front office (Fosa) in 1995
Membership is drawn from the following: –
- Primary schools Teachers
- Post primary schools Teachers
- Secondary schools Teachers
- TSC secretariat (Teachers Service Commission)
- Retired teachers
- Public officers in government ministries
- Sacco employees (Society Employees)
- Employees in private institutions
- Business Community
Here is how to use Ollin Sacco Paybill Number 350 050
- Go to Mpesa Menu
- Select Pay Bill from your M-PESA menu
- Enter Ollin Sacco Paybill Number 350 050
- Enter ID number for Account Number
- Enter the amount you wish to pay
- Enter your M-PESA PIN
- Confirm details are correct and press OK
- You will receive confirmation message from Safaricom
Ollin Sacco Spot Cash Services *645#
Ollin Sacco Spot Cash services is available to Safaricom registered users and enables the members to do the following transactions;
- Withdraw money from Sacco account to M-Pesa
- Balance inquiry of Sacco account
- Loan repayment from M-Pesa
- Account mini statement inquiry
- Airtime top-up
- Payment of utility bills like electricity and water bills
- Change M-Sacco Pin number
- Transfer money from one account to another in the Sacco
- SMS notifications
Ollin Sacco Loan Products
- Fosa Loan
- Fanikisha Loan
- Okoa Loan
- Development Loan
- Bosa Plus Loan
- School Fees Loan
- Supa Loan
- Pamoja Loan
- Emergency Loan
- Alpha Loan
- Agricultural(Kilimo) Loan
- Investment Loan
Ollin Sacco Society Savings Products
- Savings Account
- Business Account
- Stop-Gap Account
- Fixed Deposit Account
- Banking Services
- Safe Document Custody
- Junior or Children Account
- Security Fund
List Of Ollin Sacco Branches In Kenya and Contacts
If you have any question regarding Spot Cash or Ollin Sacco Paybill Number 350 050, contact the Sacco on:
Ollin Sacco Society Ltd.
P.O. Box 83-10300
Off Kutus-Karatina Road
Kerugoya Branch: 0724256461
Mwea Branch: 0722781092
Kitengela Branch: 0711356753
Kiserian Branch: 0740485382
Kimana Branch: 0748031196
Kianyaga Branch: 0794897111
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 5 branches namely Mwea Branch and Kianyaga Branch in Kirinyaga county and Kitengela Branch, Kiserian Branch and Kimana Branch in Kajiado county.
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 3 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. You can use mobile banking platform and send money via paybill number 350050 account number 0054. Also you can use paybill number 480587 or any of our bank to deposit the money.
If granted a loan, is there grace period before repayment commences?
No grace period
What is the waiting period for a loan?
For long term loans 2 weeks and short term loans are processed the same day one applies.
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.
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