The Sacco’s offices are located in Social Security House, Block ‘C’, ground floor on Bishops Road in Nairobi County. NASSEFU was registered 20th August, 1990 with a membership of about 280 members; to date the membership has grown to 3135 members.
The Front Office Service Activity (FOSA) commenced operations in December 2000, to offer quasi banking services to NASSEFU members at competitive rates.
The Sacco was finally licenced to operate its FOSA activities from the Sacco Acts Society Regulatory Authority (Sasra) in 2010.
The Society shall give loans and advances of tenors ranging from one month to 48 months or such other tenor as may be determined by the BOD. The amount granted to any one individual will range from 1000 to 10% of core capital or as may be determined by the board of directors from time to time. The following loans are available but their names and attributes are subject to review by the Board of Directors in accordance with the provisions of this policy.
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