Get well researched, accurate and the latest details on the Mhasibu Sacco’s Contacts, Branches, Loans, Savings, Dividends, Membership Requirements and Shares. This article also provides complete details on the Mhasibu 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.
Mhasibu Sacco’s Quick Facts File
| SACCO Official Name | Mhasibu Sacco |
| Primary Target Sector | Professionals/Accountants |
| Head Office | Nairobi |
| County | Nairobi |
| Postal Address | P.O. Box 312-00100 |
| Regulatory Tier | Tier 1 |
| Total Assets (Ksh B) | 11.22 Billion |
| Total Deposits (Ksh B) | 8.67 Billion |
Mhasibu Deposit-Taking Sacco Society Limited (Mhasibu Sacco) is a best performing, Tier-1 SASRA-regulated financial cooperative in Kenya. Registered in 1986 under the Co-operative Societies Act by the Institute of Certified Public Accountants of Kenya (ICPAK), its primary objective was to pool savings and provide affordable credit to accounting and finance professionals.
In 2019, the Sacco expanded its common bond, welcoming professionals from all industries, corporate entities, business owners, and Kenyans in the diaspora.
1. Mhasibu Sacco’s Growth
Mhasibu Sacco recently launched its ambitious 2026–2030 Strategic Plan, prioritizing artificial intelligence (AI) integration, operational modernization, and aggressive market expansion.
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Current Asset Base: KSh 12 Billion (with a strategic roadmap to scale to KSh 31 Billion by 2030).
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Annual Revenue Grid: Currently clocks over KSh 1.4 Billion (targeting KSh 3.65 Billion over the 5-year cycle).
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Membership Trajectory: Transitioning upward from its established professional base, targeting 100,000 active members by 2030.
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Key Leadership: Chaired by Hillary Atito, with Eunice Kanyi serving as the Chief Executive Officer (CEO).
2. Mhasibu Sacco’s Mobile Banking
To accommodate a remote-first, tech-savvy professional demographic, Mhasibu has automated its entire underwriting and transactional loop:
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Mhasibu Sacco’s USSD Gateway: Dial
*657#for instant mobile withdrawals, internal transfers, and portfolio tracking. -
Mhasibu Sacco’s Mobile App: M-Hasibu Pro App (Available on Google Play and Apple iOS).
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Mhasibu Sacco’s M-Pesa Paybill Number: 540700
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Formatting: Enter your Membership Number followed by the specific transaction code (e.g.,
DEPfor deposits,SCAPfor share capital) under the account segment.
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Mhasibu Sacco’s Banking Collection Points: Houses direct clearing integrations through NCBA Bank, Equity Bank, and Co-operative Bank.
3. Mhasibu Sacco’s Membership
Joining requires standard onboarding documents, a registration fee, and commitment to the foundational capital baselines:
| Financial Element | Statutory Requirement | Core Feature / Impact |
| Share Capital | Minimum KSh 10,000 (500 shares @ KSh 20) | Institutional ownership equity; non-withdrawable but transferable, earning annual dividends. |
| Monthly BOSA Deposits | Minimum KSh 3,000 per month | Non-withdrawable regular savings used as direct loan collateral; earns annual interest (rebates). |
| Mandatory Risk Fund | KSh 1,800 per annum | Insurance pool; clears outstanding loans on death/disability and pays out 200% of accumulated deposits to next of kin. |
4. Mhasibu Sacco’s Loans
Mhasibu offers highly structured credit channels based on a default 4 times deposit multiplier for standard Back Office (BOSA) lending, running on a competitive reducing balance interest framework.
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Mhasibu Sacco’s Self-Guaranteed Loan: Allows members to borrow up to 95% of their own unencumbered deposits at a rate of 12% p.a. with a flexible repayment horizon extending up to 60 months. The applicant must not have active outstanding guarantees for other members.
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Mhasibu Sacco’s Mobi Loan: An instant digital advance issued via the app or web portal. Capped at KSh 100,000 depending on deposit tier limits, carrying a flat interest rate of 5% p.m. with a repayment duration of up to 6 months.
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Mhasibu Sacco’s Rahisi Loan: A rapid digital emergency bridge capped at KSh 1,000,000 over 24 months. It features a 10% flat interest rate with a one-off 1% convenience charge at disbursement, utilizing the member’s free unencumbered deposits.
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Mhasibu Sacco’s Mortgage Loan: A specialized long-term asset facility allowing members to access up to 6 times their combined deposits and share capital. Features 100% financing for ready properties with repayment windows stretching up to 20 years.
5. Mhasibu Sacco’s Main Contact Details & Headquarters
While its systems are entirely digitized for online onboarding, Mhasibu maintains its administrative and corporate command center in Nairobi:
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Physical Location: Absa Towers, 8th Floor, Market Street (Adjacent to the Laico Regency Hotel), Nairobi.
Mhasibu Sacco’s Frequently Asked Questions (FAQs)
Here is a comprehensive compilation of Frequently Asked Questions (FAQs) for Mhasibu Deposit-Taking (DT) Sacco, the premier financial institution initially founded for Tier-1 accounting and financial professionals, but now fully open to all corporate professionals.
1. Mhasibu Sacco’s Frequently Asked Questions on Membership & Registration
Who is eligible to join Mhasibu Sacco?
While historically a Sacco for accountants, membership is now fully inclusive of:
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All Professionals: Finance experts, auditors, lawyers, engineers, doctors, ICT professionals, marketers, etc.
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Registered Corporate Entities: Businesses, companies, and investment groups (Chamas).
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Family Members: Spouses and children of existing Mhasibu members.
What are the registration requirements for Mhasibu Sacco individuals?
To open a standard individual account, you need to provide:
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A completed Individual Membership Form.
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A copy of your National ID or valid Passport.
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One clear passport-sized photograph.
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Proof of profession or higher academic qualification certificates.
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A one-time registration fee of Ksh 1,200.
What are the Mhasibu Sacco minimum operational saving baselines?
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Share Capital: A mandatory core institutional minimum equity of Ksh 10,000. This gives you full co-ownership and voting rights, is non-refundable upon exit (can be transferred to an active member), and earns annual dividends.
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Monthly Deposits: A baseline minimum deposit contribution of Ksh 3,000 per month. This builds your credit capability and earns annual interest on deposits.
2. Mhasibu Sacco’s Frequently Asked Questions on Loans
When do I become eligible to apply for a main Mhasibu Sacco BOSA loan?
To access standard credit, you must be a member in active standing for at least six (6) consecutive months of consistent monthly deposit contributions. Short-term facilities (like the Rahisi Loan) can be accessed after 3 months.
What is the maximum borrowing multiplier at Mhasibu Sacco?
Your maximum borrowing entitlement is capped up to a global limit of Ksh 50 million. The standard borrowing matrix allows:
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Development / Normal Loans: Up to 5 times your total accumulated deposits plus share capital.
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Mortgage Loans: Up to 6 times your deposits with a maximum repayment window of 12 years.
Can I self-guarantee my Mhasibu Sacco loan?
Yes, under specific conditions. You can apply for a Self-Guaranteed Loan for up to 95% of your free accumulated deposits (deposits not currently tied up as security for your own loans or other members’ loans), provided you are not currently defaulting. It features a 12% p.a. interest rate and up to 60 months repayment.
How many people can I guarantee for Mhasibu Sacco Loans?
A member can guarantee their own loan and up to six (6) other peer member loans concurrently using their available deposits. Mhasibu does not dictate a minimum or maximum number of guarantors per loan application; the collective deposits of the applicant and the selected guarantors must simply equal or exceed the total requested loan principal.
Does Mhasibu Sacco buy off loans from other institutions?
Yes. If you have active high-interest loans with external commercial banks or other financial networks, Mhasibu can fully clear them so you can consolidate your debt under their lower interest brackets.
3. Mhasibu Sacco’s Frequently Asked Questions on Key Loan Products & Credit Facilities
| Loan Product | Maximum Cap | Interest Structure | Max Repayment Window | Key Highlights |
| Normal Loan | Within 5x limit | 12% p.a. (Reducing balance) | 72 Months | Standard developmental line; allows 5% top-up option. |
| Super Loan | Within 5x limit | 14% p.a. (Reducing balance) | 96 Months | For highly intensive, long-term investments. |
| Rahisi Loan | Ksh 1,000,000 | 11% flat rate | 24 Months | Requires no human guarantors; fits within your free deposits. |
| Swift Loan | Ksh 1,000,000 | 12% flat rate | 24 Months | Quick-access short term processing line. |
| Mobi Loan | Ksh 250,000 | 5% per month | 6 Months | Graduated instant mobile loan requested straight via app/USSD. |
4. Mhasibu Sacco’s Frequently Asked Questions on Digital Banking & Remote Operations
How do I access my Mhasibu statement and perform remote banking?
Mhasibu operates entirely digital electronic self-service workflows:
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Mhasibu Sacco USSD Code: Dial *657# on your mobile phone to check balances and transfer funds.
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Mhasibu Sacco Mobile App: Download the M-Mhasibu Pro smartphone app via the Google Play Store or Apple App Store.
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Mhasibu Sacco Web Portal: Members can log in securely via the official Mhasibu online portal to download statements and track their guaranteed assets.
How do I deposit money remotely into my Mhasibu Sacco account?
You can map transactions via direct bank standing orders or mobile money infrastructure:
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M-Pesa Paybill: Business Number 540700. Use your unique Sacco Membership Number as the Account Number.
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Direct Bank Depositing / Transfers: Mhasibu maintains clearing channels with NCBA Bank (Mama Ngina Branch), Equity Bank (Kenyatta Avenue Branch), and Co-operative Bank (University Way Branch).
5. Mhasibu Sacco’s Frequently Asked Questions on Membership Withdrawal & Customer Support
What is the protocol for exiting Mhasibu Sacco?
Members are entirely free to withdraw from the Sacco by tendering an explicit written notice.
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A mandatory 60-day statutory notice period applies to process full refunds.
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All direct loan liabilities must be paid down to zero.
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If you serve as a guarantor for another active member’s loan, you cannot exit until that member successfully substitutes you with an alternative guarantor.
Mhasibu Sacco’s Contacts & Physical Address
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Main Office: Maendeleo House, 5th Floor, Monrovia Street, Nairobi.
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Primary Telephone Line: +254 719 032 000
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Official Correspondence Email: [email protected]
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