Kenya Bankers Sacco was formed in February 1975 as a Savings and Credit Cooperative Society. The society was formed mainly to provide affordable financial services to its members and customers for wealth creation through deposit mobilization and prudent management. Originally membership was drawn from the banking sector but the Sacco has since opened up membership to others.
Like all other Saccos, the aim is to mobile savings from its members and give out loans at affordable rates with no security other than the membership guarantorship.
Kenya Bankers Sacco Loan Products
The Sacco offers the following types of loans to its members. Each loan has it own features and requirement.
- Aspire loan
- Express loan
- Elimu Bora loan
- Elite loan
- Premier loan
- Loan within savings
- Biashara loan
- M-loan
- Shamba loan
- Karibu loan
- Afya Imara loan
- Share capital loan
- Boresha loan
- Jibambe loan
Kenya Bankers Sacco Savings Product
Kenya bankers Sacco encourages their members to save and offers them these savings products;
- Main savings scheme
- Elimu Bora savings
- FOSA savings
- Children’s savings
- Fixed Deposit savings
- Boresha Biashara Savings Account
- Diaspora Savings Account
- Jiinue Savings Account
Kenya Bankers Sacco Minimum Savings
The following minimum savings weill apply to members of the sacco;
- Mandatory Schemes
Main Scheme – Ksh.3,000 per month
Risk Fund – Ksh.400 - Voluntary Schemes
Education Savings – Ksh.1,000 per month
Micro Savings – Ksh.500 per month
Kenya Bankers Sacco Paybill Number 400444
Kenya bankers sacco members have access to paybill number and can make savings or Loan repayments directly from their mobile phones with Lipa na M-pesa services. Follow the following steps;
- Go to your Mpesa Menu
- Select ”Lipa na Mpesa”
- Select Paybill
- Enter 400444 as the Business number
- Enter your Account number – Ensure you get the correct codes from the Sacco before making a deposit. This will ensure the money goes to the intended account.
- Enter the amount you would like to repay.
- Enter your Pin number and press OK.
Kenya Bankers Sacco Mobile Banking Services
Kenya bankers Sacco members may access various services from the Sacco through the use of unstructured Supplementary Service Data (USSD) code *293#
Services obtained through Kenya bankers Sacco m-banking platform include:
- Savings & Loan balances.
- Fosa to Mpesa funds transfer.
- Access e-statement.
- Loan processing status updates e.g. application, guarantor notifications, approval & disbursements.
- Past Due alerts for loans not being serviced in time.
- Safaricom airtime purchase from your Fosa account.
- General Sacco updates e.g. AGM dates, new products
- Dividend advance.
- Receipt and payment of the M-Loan facility
- Obtain a new pin
Kenya Bankers Sacco Contacts
3rd Ngong Avenue, Nairobi Kenya
Tel +254-20-5146500, +254205146500
P.O. Box 73236-00200 Nairobi
https://www.kenyabankers.coop/
Email:[email protected]
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