Nyati Sacco was established in the year 1977 under the co-operative societies act. It was initially started to serve G4S employees but has now expanded to incorporate other firms mainly in the security industry.
It currently has over 27,000 members from all walks of life.
To join Nyati Sacco;
- Download the membership application form from the Nyati Sacco website.
- Fill the form with your personal details and next of kin information.
- Attach the following documents;
- A copy of your National ID and ATM card.
- A copy of your latest pay slip.
- Two coloured passport photos.
- Pay a membership fee of Ksh.500.
- Upon registration, you will be required to pay a minimum monthly deposit of Ksh.1200 and a minimum share capital of Ksh.3000.
Nyati Sacco types of loans
To qualify for a loan in Nyati Sacco below are the requirements;
- You must have been a member for a period of at least three months.
- You must have a minimum deposit of at least Ksh.5000
- You must fulfill all requirements of a specific loan product.
- Ensure you have fully filled the loan application form.
- Ensure you have sufficient number of guarantors. Loans more than one’s deposits ought to have guarantors.
- An employee should attach the latest 3 pay slips.
- Attach a copy your National ID and a copy of your ATM card.
Below are the type of loans that Nyati Sacco offers;
| Type of loan | Interest rate (p.a) | Eligible Amount | Repayment Period |
| BOSA Loans | |||
| Normal | 13.2% | 3 X shares | 54 months |
| Super | 15.6% | 3 X shares | 72 months |
| Midterm | 15% | 3 X shares | 36 months |
| Fahari | 18% | 3 X shares | 18 months |
| Asset Finance | 15% | 3 X shares | 36 months |
| Emergency | 15.6% | 3 X shares | 12months |
| Cash advance | 8 % p.m | 3 X shares | 3 months |
| FOSA Loans | |||
| Instant | 2.5% upfront | 3 X net salary | 6 months |
| Super Instant | 3% upfront | 6 X net salary | 12 months |
| Quick Fix | 5 % | Ksh 5,000 | |
| Fosa flex | 2 % upfront | 3 X net salary | 3 months |
| Salary advance | 5% upfront | 50% net salary | 1 month |
All loans must be guaranteed either by guarantors or collateral such as title deed or log book.
Nyati Sacco dividends 2020
Nyati Sacco issued a dividend rate of 21% per share and an interest rate of 11.25% on member deposits for the financial year 2020.
Nyati Sacco contacts
You can contact Nyati Sacco customer service on Telkom Lines– 0202679801, 0206990000 and Safaricom lines -0711567582, 0711593190 or email on info@nyatisacco.co.ke.
