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Flexible, low-interest loans from Mwamba Imara Sacco empower you to grow your business, invest, or cover personal needs. Unlock your financial potential today.

Our Loan Products

We offer a variety of loan products to help meet the diverse needs of our members. Our loan services are designed to give you quick access to funds with minimal hassle.

  • Development Loan Interest Rate: 1% p.m. (12% p.a.) Maximum Term: 48 months Ideal for business expansion and large personal projects.
  • Education Loan Interest Rate: 1% p.m. (12% p.a.) Maximum Term: 12 months Tailored for covering school fees and education-related expenses.
  • Repurchase Loan Interest Rate: 1% p.m. (12% p.a.) Maximum Term: 48 months Secure financing for asset recovery or repurchase.
  • Item Loan Interest Rate: 1% p.m. (12% p.a.) Maximum Term: 3 months Quick funding for purchasing personal or household items.
  • Instant Loan Interest Rate: 1% p.m. (12% p.a.) Maximum Term: 1 month Perfect for addressing short-term urgent financial needs.
  • Refinancing Loan Interest Rate: 1% p.m. (12% p.a.) Maximum Term: 6 months Refinance existing loans with better terms.
  • Group Loan Interest Rate: 0.92% p.m. (11% p.a.) Maximum Term: 48 months Available for groups such as self-help or women’s groups.
  • Emergency Loan Interest Rate: 1% p.m. Maximum Term: 1 month Immediate financing for emergencies.

Loan Features

For Eligibility, You must be an active member of Mwamba Imara Sacco.

Required documents include a copy of your ID, proof of income, and guarantor or collateral information where applicable.

Reducing Balance Interest

Interest is calculated on the reducing balance of the loan, making repayments easier over time.

Grace Period

Enjoy a 1-month grace period before your first repayment is due.

Fast Approvals

Loan applications are processed within 48 hours, ensuring quick access to funds.

Self-Guaranteed

Secure your loan using your own savings or assets.

Member Guaranteed

Fellow members can act as guarantors for your loan.

Car Logbook

Use your car’s logbook as collateral for larger loans.

How to Apply

Applying for a loan at Mwamba Imara Sacco is easy:

Step 1: Download or collect the loan application form.
Step 2: Submit the completed form with supporting documents.
Step 3: Get approval within 48 hours and access your funds.
Visit our offices to get started today!

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Frequently Asked Questions

Got a question about how we’re organised, applying to work for us, or looking for financial or shareholder information?

To become a member, complete and sign the membership form. Attach the following documents:

  • Copy of ID or Passport
  • Two passport-size photos
  • KRA PIN copy
  • Make the initial payment

The initial payment is Ksh 3,000, broken down as follows:

  • Ksh 1,000 – Registration fee
  • Ksh 1,000 – Share capital
  • Ksh 1,000 – Savings account

The minimum monthly savings is Ksh 1,000.

Use Paybill number 198683, and the account number is your membership number.

No, there is no penalty.

Your savings are 100% safe and confidential.

You need to save for 6 consecutive months to qualify.

Yes.

  • Non-withdrawable savings earn 8% p.a (2022) and 5.14% p.a (2023).
  • Withdrawable savings earn 4% p.a, calculated monthly.

Submit an official withdrawal letter to the management. This can be handwritten or sent via email.

You need:

  • Fully filled and signed loan form
  • Copy of your ID
  • Loan application fee
  • Signed by guarantors or self-guaranteed

After a one-month grace period, repayment can be made over 1 to 48 months.

Use Paybill number 198683, and the account number is your membership number.

The interest rate is 12% p.a on a reducing balance.

BBF is a fund that provides financial assistance for the burial of a member’s nuclear or biological family.

  • You must be an active member of Mwamba Imara Sacco.
  • Contribute the annual BBF amount.
  • Nuclear Family: Ksh 2,400 per year
  • Nuclear Family + Biological Parents: Ksh 3,600 per year
  • For a member whose spouse is also a member, an additional Ksh 1,200 per year covers in-laws.

Sacco Houses are groups formed within the Sacco by members with a common agenda, such as bonding or guarantorship.

First, become an active Sacco member, then join a House through a recommendation from other members.

  • You get to know other Sacco members better.
  • Participate in activities that generate income within the House.
  • Receive education from the Sacco marketing officer.

We are located in Makupa, along Kenyatta Avenue, off Mtwafi Road, opposite Co-operative Bank Makupa Branch, near Makupa Police Station.

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Whether you’re seeking affordable loans, high-interest savings accounts, or investment opportunities, we are here to help you achieve your financial goals.

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Mwamba Imara Sacco Ltd. Designed by Sn0w8irD @ 2024.
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