Gusii Mwalimu Sacco Membership
SACCO membership · Regulated by the SASRA
A member-owned SACCO licensed by SASRA. You join by paying a share capital of Kshs 35,000, a rejoining fee of Kshs 1,000, and monthly welfare and security fees of Kshs 300 each. Your minimum monthly deposit is Kshs 2,000.
Hear when this changes
What to watch out for
- The society's own website publishes membership terms: share capital Kshs 35,000, rejoining fee Kshs 1,000, minimum monthly deposit Kshs 2,000, welfare and security fees Kshs 300 each per month. No dividend rate or notice period is published.
The details that matter for this kind of plan
- Licence
- Listed as a deposit-taking SACCO by SASRA for 2026
- Share capital
- Kshs 35,000
- Joining and returns
- Membership terms published on the society's website; minimum monthly deposit Kshs 2,000; rejoining fee Kshs 1,000; welfare and security fees Kshs 300 each per month. No dividend rate published.
How to open this
- Open with KES 35,000
- then KES 2,000 a month
What does it cost you?
| Taken off each payment you makeone-time rejoining fee | KES 1,000 |
|---|---|
| Admin chargemonthly welfare fee | KES 300 |
| Admin chargemonthly security contribution | KES 300 |
What if you stop paying?
Your savings stay with the society. The website does not say what happens if you stop paying.
What if you need the money early?
You cannot take this money out while you are a member. You get it back when you leave. The website does not publish a notice period.
Who this suits
You want a licensed SACCO and are willing to lock away your deposits while you are a member.
You need the money back soon. It is locked while you are a member, and the society does not publish a notice period.
What they tell you
- What is taken off the money you pay in?KES 1,000, taken from one-time rejoining fee.
- What is the smallest amount you can start with?KES 2,000.
- Are all their charges published?Yes, every charge they mention has a figure against it.
- Do they say who regulates them?Yes — the SASRA. That is who you complain to.
Talk to them
- Website: www.gusiimwalimusacco.co.ke
- If something goes wrong, the SASRA is who supervises them.
Compared with the others
There are 222 other plans of this kind on the board. See all 223 side by side — what each one leaves you with, and which of them will not say.
What has changed here
- 13 September 2026
- Somebody read the company's own material only a regulator's listing → researched
- Smallest monthly payment is now KES 2,000, and was not published before
- Smallest lump sum to start is now KES 35,000, and was not published before
- Taken off each payment you make is now KES 1,000, and was not published before
- Admin charge is now KES 300, and was not published before
We started keeping this record in August 2026. Anything that changed before then is not here. The whole board's record.
What the documents actually say
Every figure above was read out of a document. These are the sentences, word for word, so you can check them rather than take our word for it.
“Member’s share capital is Kshs.35,000/=”
“Minimum deposits contribution is Kshs.2,000/=”
“Rejoining fee is Kshs.1,000/=”
“Security of Kshs. 300 per month”
“Welfare fee of Ksh. 300 per month”
“Listed as a deposit-taking SACCO by SASRA for 2026”
SASRA: list of licensed and authorised Sacco societies, FY ending 31 Dec 2026the regulatorread 2026-09-16
Where we got this
- Read on 2026-09-16
- Gusii Mwalimu Sacco Membership pagethe company itselfRead on 2026-09-13