Tower Sacco was registered on 15th September 1976. The purpose then was to serve primary school teachers by according them an opportunity to save regularly, borrow wisely and repay their loans promptly. The Sacco’s business started in the year 1977 when the first loans were given to the members.
The member who got the highest loan of kshs.15, 000 is member number 25 and he still retains his membership. By then we had 125 members with a share capital of Kshs. 90,000 compared to today’s membership of 21,925 as at 31/12/2014 and a share capital/deposits of Kshs. 2,475,972,356.
We draw our membership mainly from:-
- Government Ministries
- Teachers Service Commission
- Kenya Defence Forces
- Kenya Police Forces
- Administrative Police
- Kenya Prisons Service
- County Governments
- Public and Private Institutions of learning(Including non-teaching staff)
- Hospitals (Government and Private)
- Kenyans in the Diaspora
- Business Community