Kenya Bankers Saving and Credit Co-operative Society recorded 30 years of steady growth on 14TH February 2005. As a mark of achievements made during this period, the Sacco has produced this brochure to update the esteemed members of the various products and services currently available.

Members qualify for normal (Development) loans after 6 months of continuous contribution. The loan is based on main savings scheme, subject to a maximum x3 total shares.

• Repayment period is 4 years maximum.
• Repayment ability (supported by applicant’s pay slip) determines the maximum amount of loan to the member, subject to 3 times total shares.
• The loans are secured by guarantors’ shares. Other securities like charge over town properties are allowed.

This category of loans are approved on a monthly basis, hence all loan applications MUST be received on or before the 10th day of every month at the branch or head offices of the Sacco.

Whenever the 10th day of the month falls on a non-working day, all applications received from Branches on the following working day will be accepted for consideration during that month.

Disbursements are made through EFT to the respective members’ accounts by 10th
A member applying for a loan should undertake to pledge future salary from the employer towards loan repayment before such a loan is granted by the Society.

Tariffs <click here>