Who We Are

Afya Sacco Society Limited (Afya Sacco) is a licensed deposit-taking (DT) SACCO, established on 8th May 1971. While it was originally formed to serve health workers in Kenya, the Sacco has since grown to offer financial services to a broader membership base

The registration of the Sacco by the 20 promoters was primarily to ensure the thrift of the participating membership, helping them to mobilize savings and access affordable credit.

Its core business is to promote the Socio-economic well-being of its members through the provision of affordable quality financial services based on co-operative ideals. We pride ourselves in being a tier-one SACCO with an Asset base of over Kes 20 billion driven by our purpose, promise, value, and excellence. The SACCO operates Ten (10) FOSA spread across the country – in Nairobi (CBD), Kenyatta National Hospital, Nyeri, Meru, Nakuru, Kisii, Kisumu, Eldoret, Kakamega, and Mombasa. The operating model of the Sacco is based on provision of all primary services at the FOSAs while its over 300 service branches extend services to places where the Sacco has no physical presence.

Afya Sacco Society Limited (Afya Sacco) is a licensed deposit taking (DT) SACCO that was registered on 8th May 1971 as the primary Sacco for health workers in Kenya.

The registration of the Sacco by the 20 promoters was primarily to ensure the thrift of the participating membership, helping them to mobilize savings and access affordable credit.

Its core business is to promote the Socio-economic well-being of its members through the provision of affordable quality financial services based on co-operative ideals. We pride ourselves in being a tier-one SACCO with an Asset base of Kes 22.8 billion driven by our purpose, promise, value, and excellence.

The SACCO operates Ten (10) FOSA spread across the country – in Nairobi (CBD), Kenyatta National Hospital, Nyeri, Meru, Nakuru, Kisii, Kisumu, Eldoret, Kakamega, and Mombasa.

Total Assets
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Members
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FOSA Branches
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Our mission, vision, and core values, shape every decision we make, ensuring we remain committed to transparency, member welfare, and sustainable growth for all.

Vision

To be the preferred financial solutions provider

Mission

To empower members by providing personalized financial solutions

Motto

Financially Healthy Members

Core Values

  • Integrity
  • Respect
  • Sustainability
  • Team Work
  • Significant Impact
  • Research Innovation

Our History

1970s
1980s
1990s
2000s
2010s
2020 – Date
2026
1970s

Formative Years

Afya Savings and credit cooperative was registered on 8 th May 1971 with twenty members. The idea of forming a cooperative for health workers in the country had been mooted in November 1970, when Miss Rose Parting a promoter of Savings and cooperatives in Kenya started a six-month basic education program to educate the founder members of the cooperative on the principles of formation and operation of a savings and credit co-operative.

1980s

Settling Years

The Society acquired the AFYA co-operatives house a seven- storey house located along Tom-mboya acquired in 1983 at a cost of 12.7 million under the leadership of Mr. Mutangili as the Chairman. In 1984 /1985 the Commissioner for Co-operatives appointed Mr. Wilfred K. Kimalat as the Chairman of the Management commission resulting from dissolving the previous management due to wrangles in their leadership under Mr. D. M. Mutangili (1982-83) and Mr. W. Omwakwe (1983-84) as chairmen.

1990s

Growth and Expansion years

Society experienced tremendous growth in terms of membership enrolment doubling membership too. There was great improvement in members’ services as the Society employed University graduates and there was introduction of staff awards system for the Best Worker and Long Serving employee. The construction of the High rise 21 storey building along Tom Mboya which started on 6 th March 1991 when the management entered contract with M/s M.R Shah Construction Company was completed and launched in 1994. The Society won a trophy of the “Best Managed Sacco” during the 1991 Ushirika Day Celebrations.

2000s

Embracing Banking Services

Launch of FOSAs -to offers banking services to its members an idea that was implemented so save members from inconveniences caused by commercial banks by charging exorbitant fees on third parties payment cheques, salary processing and standing orders. fossa become an additional income earner for the society contributing handsomely towards dividends pay out.

2010s

Bringing on board the informal sector

Launch of the AMCA – AFYA MICRO CREDIT ACTIVITY – 2014 to offer services t both class A and B members. Offices were opened in 42 counties and 92 officers engaged to offer service to the membership.

2020 – Date

Strategic Policy Making and Long-Term Planning

Launch of society’s policies and the current strategic plan 2023 – 2027

– On boarding new management
– Full Digitization – on going process

2026

Today

Afya SACCO’s history continues to be written, shifting from a story of simple growth to one of resilience and systemic reform for the Kenyan health worker.

Explore Stories from Our Members

AFYA SACCO collaborates with trusted financial, technology, and industry partners to secure maximum value for our members. These strategic alliances allow us to offer you exclusive rates, favorable terms, and reliable, modern financial solutions. We partner for your success.

Become A Member Of Afya SACCO

Ready to take control of your financial future? Simply fill out the membership form to become a member today!

Who We Are

AFYA SACCO is a member-driven financial cooperative dedicated to empowering Kenya’s health community through reliable savings, affordable credit, and sustainable financial solutions.

BOSA

Supports long-term savings and access to affordable loans for personal, business, and investment growth.

FOSA

Provides convenient day-to-day banking services including savings, withdrawals, payments, and salary processing.

Diaspora Account

Features

  • Allows members living abroad to maintain an active Sacco savings account.
  • Enables secure remittance of funds into the Sacco for savings or investment.
  • Access to Sacco products and services remotely.
  • Supports savings towards loans, investments, or family support in Kenya.
  • Easy account monitoring through digital and mobile banking channels.

More Ways To Save With FOSA

Group Account
Student's Account

Student's Account

Features

  • Encourages students to develop early financial discipline.
  • No or minimal account maintenance charges.
  • Easy deposits and withdrawals.
  • Ideal for managing pocket money, allowances, and school-related expenses.
  • Access to additional Sacco services once the account holder qualifies as a member.

More Ways To Save With FOSA

Group Account
Diaspora Account

Group Account

Features

  • Designed for registered or informal groups 
  • Allows multiple authorized signatories to operate the account
  • Facilitates group savings, contributions, and financial planning.
  • Enables groups to build savings that can be used to access credit facilities.
  • Convenient deposits and withdrawals 

 

More Ways To Save With FOSA

Salary Account
Joint Account

Non-Withdrawable Deposits

These accumulated savings serve as essential collateral for credit facilities and earn competitive annual interest (rebates) for the duration of the membership. Funds are refundable only upon formal withdrawal from the Sacco, contingent on the full settlement of all outstanding liabilities and guarantee obligations

BOSA Savings Options

Share Capital

Share Capital

Representing a member’s permanent ownership stake, these non-withdrawable units are transferable instruments that earn annual dividends based on institutional profitability. Members must maintain a minimum threshold of KES 20,000, which can be achieved through lump-sum payments or structured periodic contributions.

BOSA Savings Options

Non-Withdrawable Deposits

Afya Senior Citizens Loan

This specialized product supports retirees whose pensions are processed through FOSA, offering credit within their existing deposit limits for medical or development needs. It features a preferential low interest rate of 0.5% on a reducing balance with a 36-month repayment cycle.

Flexible BOSA Financing Options

Sharia Compliant Loan
Afya Personal Loan

Afya Senior Citizens Loan

Features

  • Granted within members’ deposit
  • Repayment period up to 36 months
  • For three times members’ deposit, one should provide guarantors or collateral
  • Member’s pension must pass through FOSA
  • Interest is 0.5% on reducing balance
  • One can only have one loan at a time

Flexible BOSA Financing Options

Sharia Compliant Loan
Afya Mwaliko Loan

Afya Personal Loan

A long-term financing solution for business expansion or development, providing up to four times member deposits with a tenure of up to 84 months. It features a 15% amortized interest rate and accepts diverse collateral, including logbooks and title deeds.

Flexible BOSA Financing Options

Afya Kubamba Loan
Afya Senior citizens Loan

Afya Mwaliko Loan

Features

  • For new members contributing through check-off.
  • Maximum loan is Kshs. 300,000/= and 10% retained as deposits
  • Maximum repayment period is 12 months
  • Interest rate is 1% per month on reducing balance
  • Salary must be processed through FOSA

Flexible BOSA Financing Options

Afya Senior Citizen
Sharia Compliant Loan

Sharia Compliant Loan

Features

  • Available to Muslim members
  • Two times members’ deposits
  • Repayment period is 36 months
  • No interest is charged on the loan
  • Processing fee of 10% on the applied amount charged

Flexible BOSA Financing Options

Afya Senior Citizen Loan
Afya Mwaliko Loan

Afya Kubamba Loan

This product targets medium-term projects and educational funding for consistent contributors of at least six months, offering up to three times their savings. It is fully secured by guarantors and deposits, with a 48-month repayment period at 1.17% monthly interest on a reducing balance.

Flexible BOSA Financing Options

Afya Super Loan
Afya Mwaliko Loan

Capital Loan

Features

  • Maximum repayment period is 36 months
  • Three times member’s deposits
  • Interest rate 1% on reducing balance

Flexible BOSA Financing Options

Emergency Loan
Afya Super Loan

Afya Super Loan

Features

  • Maximum repayment period up to 48 months
  • Four times member deposit.
  • Interest rate 1.17% on reducing balance

Flexible BOSA Financing Options

Emergency Loan
Capital Loan

Emergency Loan

Features

  • Granted at maximum 3 times member’s deposit
  • Maximum amount is subject to ability to pay
  • Maximum repayment period 12 is months
  • Interest rate 1% on reducing balance

Flexible BOSA Financing Options

Afya Super Loan
Capital Loan