Frequently Ask Questions


Have a look at a list of our most popular Frequently asked questions & answers:


Kenya Polices Sacco Membership is open to all. An individual is eligible for membership if he/she is in the possession of the following qualifications: –

  • Active and retired Regular and Administration police officers
  • All civil servants and salaried employees
  • Business community
  • Spouse or child of any of the above who must be 18 years of age and above

The following documents are required:

  • A fully filled membership application form
  • Copy of the National Identity Card (Both sides)
  • Two recent color passport size photographs.
  • Favorable interest rates on loans
  • High annual dividends and interest on deposits
  • Instant M-Tawi FOSA loans
  • Loan clearance on behalf of members
  • Affordable land and property

When the first share contribution is received. In the event the loan amount applied is more than 3 times of the deposits, a portion of the loan amount will be used to boost shares so as to qualify for a that amount.

Share capital

Share capital is the money invested in the Sacco by the members/shareholders. It is a permanent /long term member’s contribution toward the Sacco capital and forms part of Sacco equity. It represents your ownership of the Sacco, currently each member has minimum of 500 Shares valued at KES 100.


Deposits means a balance that is established and maintained by a person at a SACCO that confers membership rights to that person, these are the regular monthly deposits. They are used to determine eligibility for a loan and can only be withdrawn when one ceases to be a member. Deposits can be used as loan security; and are withdraw-able members' savings.

The share capital is non-refundable and is only transferable to an existing Sacco member or sold to a Sacco member when you cease being a member.

Partial withdrawal of shares is not allowed, nor offsetting part of an outstanding loan.  A member is only allowed to offset his/her deposits against his/her loans if he/she ceases to be a member. He/She must then pay off the balance immediately if any before withdrawing from the Sacco.

  • Employer Check off 
  • Bank standing order
  • M-Pesa Paybill 4027903
  • Over the counter cash deposit


Once the first contribution contribution is received, which entails the monthly contribution, registration fee and UBF contribution. In the event the loan amount applied is more than 3 times of the member’s deposits, a portion of the loan amount will be used to boost his/her deposits so as to qualify for the loan.

  • Fully completed loan application form 
  • The number of guarantors is dependable on the type of loan and their total deposit amount. They must be active members and have contributed towards their deposits for at least six months. Guarantors’ and applicant’s shares MUST be equal to or more than the loan applied for.
  • OCS/OC/CO/Departmental head or any other Authorized Employee representative MUST sign and rubber stamp the application form.
  • Two current pay slips certified by the applicant’s employer’s payroll officer, MUST be attached to the application.
  • Attach copy of an acceptable form of identification (National ID/Valid Passport)
  • You can either boost by paying cash or applying for a loan to boost your deposits.
  • Yes. All you need is to provide the current loan statement when applying for the loan.
  • The security for BOSA loans are your deposits and guarantors, who should be members of the Sacco and have a remit their contributions on a monthly basis. Visit this link to find out the security for Micro-credit loans
  • A member is allowed to apply/have more than one loan product from the different loan product categories as long as all lending requirements are met. Check the loan products available, however a member cannot have two long term loans running at the same time, specifically, Mega and Super loan. 
  • The Sacco offers different loan types depending on the member’s needs. One can borrow up to 3 times his/her savings and subject to the government’s rule of 2/3rds net pay after loan deductions. Muslim products are 2 times of his/her deposits.
  • Loans granted by the Sacco must be fully guaranteed by members of the society. Guarantors and applicant’s shares MUST be equal to or more than the loan applied for.
  • A member can Self guarantee if the loan amount taken is less or equal to the amount of shares deposit held and must not have any other guarantor liability.


M-TAWI is the Sacco’s mobile banking service. A member can register for the service by dialing the USSD code*653# or downloading the APP from the play store. You will receive an OTP which you will be requested to change to your desired pin/password.

Is any member eligible to get an ATM card?

Any member operating the FOSA Salary account qualifies for an ATM card

It takes a maximum of 2 weeks to replace the ATM card or pin.

You can use the card at any Point of Sales (POS) terminals i.e. supermarkets, fuel stations, restaurants etc. You can use it overseas at any VISA branded ATM machines and for online transactions. 


UTUMISHI BENEVOLENT FUND (UBF) is a member’s self-insurance scheme.  The UBF contribution is KES 350 per month and the benefits are as follows: –

  • Funeral expenses on the principal member’s death KES 70,000 will be paid to the next of kin.
  • Off-setting of loans and interest for members who die with loans.
  • Member’s deposits will be doubled in an unfortunate case of member’s demise.
  • In case of death of member’s spouse, the principal member will be paid KES 40,000 for funeral expenses.
  • In case of death of member’s child, the principal member will be paid KES 30,000 per child to a maximum of 4 children in a year.
  • A token of KES 50,000 is given for each case of withdrawal after a member opts to leave the society after retirement, resignation or dismissal from the service.

Membership withdrawal

Membership withdrawal is voluntary and one needs to inform the Sacco in writing of his/her intention to withdraw. This is done by providing a written and signed letter and filled withdrawal forms available at our offices. The process takes 60 days after the letter has been acknowledged and only when the necessary requirements have been met i.e. member must have cleared all his/her liabilities with the Sacco and has replaced all the members he/she has guaranteed.

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