Tower Sacco was established in the year 1976 with the objective of inculcating the savings culture for the betterment of the member’s future.
As at December 2020, the membership stood at 147,614. They draw their membership from a wide range of government institution as well as private companies and farmer groups.
To join Tower sacco;
- Download the membership application form from their website.
- Print the form and fill it with your personal details.
- Scan and attach the following documents;
- Id card both sides
- A passport photo
- Specimen Signature
- Scan the filled application form and send it to customercare@towersacco.co.ke.
Tower Sacco Loans
| Type of loan | Eligible Amount | Repayment Period |
| Normal Loan | 3 X shares | 60 months |
| Emergency Loan | 3 X shares | 12 months |
| School Fees Loan | 3 X shares | 12 months |
| Special Loan | Maximum amount is Ksh 150,000 | 36 months |
| Mkopo mashinani | 5 X shares | 18 months |
| Vuka Loan | Maximum amount of Ksh 3,500,000 | 84 months |
| Fosa loan | 5 X shares | 84 months |
| Karibu Loan | 20% of the loan to be used as shares | 36 months |
| Fosa emergency | 5 X shares | 24 months |
| Salary advance | Maximum amount is Ksh 50,000 | 12 months |
| Salary in advance | Maximum amount equivalent to your net salary | Immediately salary is received |
| Premium scheme Loan | 3 X shares | 36 months |
| Premium emergency Loan | 3 X shares | 12 months |
| Group premium Loan | 3 X shares | 36 months |
| Mapato Loan | Equivalent to the previous year’s dividend. | 36 months |
How to deposit money into Tower Sacco
- Dial *645# on your phone.
- Enter your password.
- Select option 4.
- Select the account you would like to deposit to.
- Enter the amount .
- Click OK to finish the transaction.
- Your money will be deposited immediately in the respective account.
How do I pay my Tower Sacco loans?
- Dial *645#
- Enter your pin number.
- Select loan repayment.
- Enter the account for the loan you want to pay in the format; 0081#loan#Loancode. e.g. If you want to make a repayment on a farm produce loan the account format should be 0081#loan#03.
Below are the codes for different type of loans
| Tower Sacco Loans | Loan Code |
| Salary Advance | 01 |
| Fosa loan | 02 |
| Farm Produce Loan | 03 |
| Premium loan | 06 |
| Salary in advance | 07 |
| Emergency -24 | 08 |
| Okoa Advance | 09 |
| Dividends Advance | 10 |
| Premium Emergency | 11 |
| Asset Finance loan | 12 |
| Bima Loan | 13 |
| Mkopo Mashinani | 14 |
| Fosa flex | 17 |
| Normal loan | 20 |
| Emergency 12 | 21 |
| School fees loan | 22 |
| Special loan | 23 |
| Preferential loan | 24 |
| Mapato Loan | 25 |
| Mkopo Advance | 28 |
| Mortgage loan | 29 |
| LPO loan | 30 |
| T loan | 31 |
You must use the phone number that you registered with in the co-operative when depositing money through the above process.
Tower Sacco dividends 2020
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