New fortis SACCO (Formerly Nyeri Teachers Sacco) was started in 1976 with a membership of 857 drawn from the teaching fraternity that is Primary schools, Secondary school and Tertiary institutions.
The society has already amended its By laws to open up membership to include other Civil servants all over the Republic of Kenya and expand its catchments area to other Counties.
As at December, 2018 our membership stood at 14082 and a workforce of 32 staff headed by the Chief Executive Officer.
NEW FORTIS SACCO LOANS AND PRODUCTS
Risk Management Programme
Description Members contribute 200/= to finance the programme. Incase of death the society pays 40,000/= from the fund towards funeral expenses. Society refunds twice the deposit and writes off the outstanding loan. Members refunded 5000/= after retirement
Description Members are encouraged to retain their membership after retirement. Lump sum and monthly pension paid through Fosa. Monthly contribution 500/= per month. Granted loans like any other member and recovered though standing orders.
Description Maximum loan is Kshs.60,000/= Repayable within 1 year. Interest rate of 0.54% per month. No supporting documents required. Granted on daily basis. Loan secured by 4 guarantors.
School Fees Loan
Description Amount granted depends on the ability to pay. Granted on daily basis. Repayable within 12 months. Secured by 4 guarantors. Interest rate 0.54% per month. No supporting documents.
Description Shares entitlement not considered. Loan repayable within 42 months. Interest rate 0.7% per month and capitalized. Loans approved in 30 minutes. Loan secured by 4 guarantors.
Description A member gets 4 times the products his/her shares. Maximum repayment period of 60 months. Members transfers his/her dividends to shares until loan granted is repaid in full. Loan secured by 4 guarantors. Loans granted within 72 hours.…
Description A member gets 3 times the product of his deposit. Maximum repayment period of 48 months . Loan secured by 4 guarantors. Amount granted within 72 hours. Interest charged amounts to 6.5% per annum.
NEW FORTIS SACCO BRANCHES
New Fortis SACCO is born of the premise that we are who we are because you believed in us. We are a fast growing SACCO with a membership drawn from civil servants all over the Country. We do it simply because you deserve it.
We are currently located in Nyeri, Karatina and Othaya
HOW TO JOIN NEW FORTIS SACCO
For one to qualify to become a member of the NewFortis Sacco, one has to fill in a membership application form, pay a membership fee of Kshs. 1000 raise share capital minimum of Kshs. 1,000 and make monthly deposits contributions of not less than Kshs. 1000 per month.
NEW FORTIS SACCO CONTACTS
Do you have questions about how New Fortis SACCO can help you? Send us an email and we’ll get in touch shortly, our dedicated sales team are always happy to help.
Phone (061) 2030759
Open: Monday – Friday, 8:30AM to 5:00PM.
NEW FORTIS SACCO DIVIDENDS
it is one be SACCOs paying highest dividends form 10%-13%
NEW FORTIS SACCO LOAN CALCULATOR
You can check on the sacco website
Length of loan, years
Annual interest rate, %
NEW FORTIS SACCO MOBILE BANKING
Going into a branch is now the exception. The rule is to transact and interact with us anytime via your mobile phone!
Now your financial management and growth can be at your convenience instead of being based around branch opening times.
- Withdraw money from your Fosa account using your mobile phone.
- Deposit money direct to your accounts from M-pesa via phone
- Purchase Airtimes and Stima Tokens from your account
- Get accounts and Loan balances.
- Money, any time, anywhere.
What do I require to register as a user?
- A FOSA Account
- Your Original ID/Passport
- Fill in the registration form for free
- Be a registered M-Pesa user
- You will then receive a secret one time PIN(OTP)
- Change the PIN to your preferred one and there you GO.