Get well researched, accurate and the latest details on Bandari Sacco’s Contacts, Branches, Loans, Savings, Dividends, Membership Requirements and Shares. This article also provides complete details on the Sacco’s Mobile Banking, USSD Code, Mobile App, M-Pesa Paybill Number, ATM Cards, BOSA Products, FOSA Services and Frequently Asked Questions plus their updated answers.
Bandari Sacco’s Quick Facts File
| SACCO Official Name | Bandari Sacco |
| Primary Target Sector | Maritime & Ports |
| Head Office | Mombasa |
| County | Mombasa |
| Postal Address | P.O. Box 95011-80104 |
| Regulatory Tier | Tier 1 |
| Total Assets (Ksh B) | 13.70 |
| Total Deposits (Ksh B) | 8.80 |
Bandari DT Savings and Credit Co-operative Society Limited (Bandari Sacco) is a top performing Tier-1 Deposit-Taking SACCO in Kenya. Regulated by the Sacco Societies Regulatory Authority (SASRA), it was originally established in 1975 to serve the employees of the Kenya Ports Authority (KPA). Today, it has opened its doors globally, serving a diverse membership that includes the general public, corporate employees, business owners, and the diaspora community.
1. Bandari Sacco’s Steady Growth
Bandari Sacco stands as one of the most financially stable and profitable SACCOs in the coastal region and nationally.
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Total Asset Base: Increased to KSh 15.3 Billion (up from KSh 13.8 Billion).
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Loan Portfolio: Gross loans and advances grew to KSh 9.6 Billion (up from KSh 8.7 Billion).
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Net Profit (Society Level): Rose to KSh 322 Million (up from KSh 263 Million).
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Historical Payout Stability: Bandari Sacco is highly regarded for its stable annual returns, traditionally rewarding members with:
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Dividend on Share Capital: ~18%
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Interest on Deposits (Rebates): ~12%
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2. Bandari Sacco’s Mobile Services & USSD Codes
Members can deposit, withdraw, track statements, and apply for short-term financing without stepping into a physical branch via the BandariPesa framework.
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Bandari Sacco USSD Code: Dial
*636#for mobile banking transactions, balance inquiries, and direct FOSA-to-M-Pesa cash transfers. -
Mobile App: BandariPesa App (Available for Android and iOS).
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Bandari Sacco M-Pesa Paybill Number: 146320 (Applicable for direct deposits to BOSA deposits, FOSA savings, or rent collection accounts).
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SaccoLink Card: Co-branded Visa ATM cards providing 24/7 access to cash at any Visa ATM, agent banking, or point-of-sale terminal.
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Shared Agency Infrastructure: Members can access over-the-counter services via Co-operative Bank branches and Co-op Kwa Jirani agents countrywide.
3. Bandari Sacco’s Account Options & FOSA Credit Facilities
The institution provides specialized transactional and savings accounts tailored to different financial milestones:
Bandari Sacco’s Specialized Savings Products
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Bandari Sacco’s Dau Junior Account: Tailored for minors’ educational needs, offering quarterly flexible withdrawals for school fees and a unique annual youth financial literacy gathering.
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Bandari Sacco’s Staafu Savings Account: A custom retirement planning repository where locked fixed deposits can also serve as collateral for secondary loans.
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Bandari Sacco’s Kijana Account: Designed specifically for youth and young adults, featuring complimentary entrepreneurship mentorship and business management guidance.
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Bandari Sacco’s Diaspora & Landlords Accounts: Streamlined accounts for Kenyans abroad to access local asset financing, alongside customized property management frameworks for landlords to route rent collections securely.
Bandari Sacco’s FOSA Advances & Quick Loans
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One-Month Advance: Fast-tracked mobile advance processed instantly via
*636#or the app for salaried members. -
3-6 Months Mid-Term Advance: Mid-range financing carrying an interest rate of approximately 1.16% per month, secured via self-deposits or member guarantors.
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FOSA Development Loan: Rapid processing loan approved within 24 hours, capped based on repayment capability over a maximum period of 24 months.
4. Bandari Sacco’s Branches and Head Office
While its core digital systems cover the entire country, Bandari Sacco maintains operational administrative offices and physical branches in key commercial hubs:
| Region / City | Specific Location |
| Mombasa (HQ) | Bandari Sacco Building, Moi Avenue (at the Docks Matatu terminus). |
| Nairobi (Embakasi) | Kenya Ports Authority (KPA) Inland Container Depot (ICD). |
| Nairobi (Westlands) | Westlands Area, at the KK Security Headquarters. |
| Kisumu | Swan Centre Building, along Oginga Odinga Road. |
Bandari Sacco’s Frequently Asked Questions (FAQs)
Here is a comprehensive compilation of Frequently Asked Questions (FAQs) for Bandari Deposit-Taking (DT) Sacco, covering everything from membership and savings to loans and digital banking.
1. Bandari Sacco’s Frequently Asked Questions (FAQs) on Membership & Registration
Who can join Bandari Sacco?
Bandari Sacco is entirely open to the public. Membership is available to individuals across all professions and occupations, including:
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Salaried/employed individuals
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Self-employed individuals and business owners
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Farmers
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Investment groups (Chamas)
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Diaspora members
What are the requirements to open an account at Bandari Sacco ?
To register as a new member, you will need to provide:
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A completed Membership Application Form (with signed Terms and Conditions).
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A copy of your National ID or valid Passport (and KRA PIN certificate).
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A recent colored passport-sized photograph.
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A minimum cash deposit of Ksh 1,500 to initialize and protect the account against administrative charges.
What is a “Nominee” on my application for Membership at Bandari Sacco ?
A nominee is a person you formally appoint to inherit your shares, deposits, and any other financial interests held within the Sacco in the event of your death.
2. Bandari Sacco’s Frequently Asked Questions (FAQs) on Share Capital vs. Deposits (Savings)
What is the difference between Bandari Sacco’s Share Capital and Savings/Deposits?
The two pools of money serve completely different functions:
| Feature | Share Capital (Shares) | Savings / Deposits |
| Purpose | Represents your equity/ownership in the Sacco. | Non-withdrawable savings used as loan security. |
| Minimums | A fixed statutory minimum of Ksh 10,500. | Minimum contribution of Ksh 1,500 per month (or Ksh 50 daily). |
| Refundability | Non-refundable. Can only be sold or transferred to another member. | Refundable in full upon resigning your membership. |
| Earnings | Earns annual Dividends (historically up to 18%). | Earns annual Interest on Deposits (historically around 11.5%). |
| Loan Security | Cannot be used to guarantee or secure a loan. | Can be used to secure your own loan or guarantee others. |
3. Bandari Sacco’s Frequently Asked Questions (FAQs) on Loans & Credit Facilities
When do I qualify to apply for a Bandari Sacco loan?
A new member can apply for main credit facilities after maintaining an active, consistent Know-Your-Customer (KYC) relationship and contribution history for at least six (6) months. Short-term mobile advances may have shorter windows.
Do I always need guarantors to get a Bandari Sacco loan?
All loans must be fully secured. However, you do not always need external people:
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Self-Guaranteeing: If the total loan amount you are applying for is less than or equal to your own shares/deposits, you can self-guarantee.
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External Guarantors: For loans exceeding your deposits, you must find guarantors who are active Sacco members of at least 6 months.
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Collateral: You can also secure loans using tangible collateral such as a land title deed, property documents, or a motor vehicle logbook.
Does the Sacco offer short-term emergency funds?
Yes, through Front Office Service Activity (FOSA) features, you can access:
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FOSA 1-Month Advance: Quick credit for emergency relief, available instantly via mobile.
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FOSA 3-6 Months Advance: Mid-term credit carrying competitive rates (typically around 1.16% per month) secured against non-withdrawable deposits.
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M-Hela: An instant mobile loan product tailored for both salaried and steady non-salaried individuals.
4. Bandari Sacco’s Frequently Asked Questions (FAQs) on Digital Banking & Daily Operations
How do I deposit money into my Bandari Sacco account?
You can move money into your account through several official pathways:
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M-Pesa Paybill: Use Paybill number 146320.
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Bank Transfer (EFT/RTGS): Deposit to Co-operative Bank (Nkrumah Road Branch), Account Name: Bandari Sacco Ltd, Account Number: 01120043003601.
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Over the Counter: Cash or cheque deposits at any physical branch.
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Alternative Systems: Point of Sale (POS) agents, Standing Orders, or employer check-off systems.
How do I access my Bandari Sacco account digitally?
Bandari Sacco provides seamless remote access via E-Channels:
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Mobile App: Download the Bandari Pesa App from the Google Play Store.
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USSD Code: Dial *636# on any mobile phone.
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Co-op Bank Ecosystem: Access services through Co-op Kwa Jirani agents and physical Co-operative Bank branches countrywide.
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ATM: Request a VISA-branded ATM card for 24/7 withdrawals globally.
5. Bandari Sacco’s Frequently Asked Questions (FAQs) on Account Exit & Support
How do I withdraw my Bandari Sacco membership and get my refund?
Members can voluntarily exit the Sacco at any time by filling out and submitting the official Member Withdrawal Form.
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You must give a 60-day written notice period.
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All outstanding loan balances must be cleared.
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You must be entirely substituted out of any loans you have guaranteed for other members.
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Your savings/deposits will be refunded in full after the 60 days elapse. (Share capital remains non-refundable but can be sold to an existing or incoming member).
Where are the Bandari Sacco physical offices located?
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Mombasa (Head Office): Bandari Sacco Building, Moi Avenue (at the Docks Matatu terminus).
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Nairobi: KPA Inland Container Depot (Embakasi) & Westlands (at the KK Security HQ).
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Kisumu: Swan Centre Building, Oginga Odinga Road.
Bandari Sacco’s Customer Support Contacts
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Hotline / Phone: +254 724 002 525 / +254 735 336 685
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Email: [email protected]
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