Below are products offered by The Kenya Bankers Sacco;

Savings accounts and products

Share Capital Scheme

Savings Account

All members are required to own a minimum of 1,500 shares, each valued at Kshs 20, totaling a minimum share capital of Kshs 30,000. Become a proud shareholder by investing in our Share Capital Scheme—your opportunity to secure a stake in a thriving organization.

As a member, you will enjoy a variety of benefits, including voting rights, access to financial products, and double-digit dividends (as per the previous year’s trend). This scheme provides a solid foundation for long-term financial growth.

By investing in this scheme, you will also benefit in the following ways:

• Build ownership and grow with The Kenya Bankers.
• Gain access to a wide range of financial services and products.
• Enjoy the security of stable and lifetime membership within The Kenya Bankers family.
• Contribute to the strength and growth of our collective mission.

For members who are unable to make an immediate cash contribution, we have developed a flexible Share Capital Loan Facility with the following features:

• A minimum loan amount of Kshs 10,000 and a maximum loan amount of Kshs 100,000.
• An interest rate of 4% p.a. for Kshs 10,000 and 5% p.a. for Kshs 100,000.
• All loan proceeds will be credited directly to the Share Capital Scheme.

Main Savings Account

Monthly minimum contribution is KES. 5,400, and is non-withdrawable unless on termination of membership

• All loans are granted on this account, except for the Elimu Bora Loan
• Membership registration fee of KES. 500

Chamaz Account

This account targets chamas and welfare groups

Requirements for joining :

• Certificate of registration
• Group Minutes and resolution to open account with Kenya Bankers Sacco
• Copy of the group/Chama internal rules and procedure (By — laws or ‘Chama constitution’)
• Copies of National Identity cards (ID’s) for the signatories
• Colored passport size photos for the signatories
• Copies of PIN certificates for the signatories:
• Membership registration fee of KES. 2,000
• Minimum monthly contribution — KES. 5,000

Elimu Bora Account

This account allow you to prepare for the cost of yours/your child education

• Enjoy Elimu Bora loans on this account, given based on your savings
• Minimum monthly contribution is KES. 2,000

Junior Account

• Minimum monthly contribution towards this account is KES. 1,000
• Earns interest at 4% p.a, payable every 6 months
• The savings are withdrawable

Diaspora Savings Account

• Zero account opening fee
• Minimum operating balance of KES. 10,000
• Interest earned at 5% p.a. on balances above KES. 100,000
• Access to credit facilities and available investment opportunities
• Access to mobile banking
• Can be maintained in foreign currency

Account opening requirements

• Certified copy of ID card/valid passport by the Kenyan Embassy or notary public
• One passport photo
• KRA Pin Certificate or its equivalent

Jinawiri Savings Account

• Interest on balances at 4% p.a.
• Account opening fee of KES. 500
• Minimum interest earning balance of KES. 20,000
• Free inter-account standing orders
• Access to e-statements
• Access mobile banking

Barizi Savings Account

• Open to members, non members, corporates and welfare groups
• Earn loyalty points for every deposits made
• Competitive interest rates
• Zero account opening fees (for non-members, will be required to pay KES. 600 for joining fees)

Boresha Biashara Account

A current account that supports businesses. It targets sole proprietors, business partnerships. welfare groups and MSME’s

• Zero account opening fee
• Minimum operating balance of KES. 2,000
• Minimum interest earning balance of KES. 50,000
• Interest on balances at 4% p.a.
• Account must be actively in operation for at least 3 months for customer to qualify for any credit facility
• Unlimited funds withdrawals
• Availability Of salary advance for businesses that process payroll through FOSA

Account opening requirements

• Original & copies of articles and memorandum of association
• Certificate of incorporation/registration
• Resolution to open account
• Signature mandate(s)
• Photo of account holder or agents/attorney
• Original & copies of directors’ ID/passport size photos
• KRA pin certificate of entity and all directors/signatories

Jiinue Account

This account targets monthly income earning individuals, either in employment or in business.

• Zero account opening fee
• ATM visa card available
• No ledger fees
• Access to mobile banking
• Minimum operating balance of KES. 500
• Interest earned at 2% p.a. on balances above KES. 10,000

Account opening requirements

• ID card/passport
• One passport photo
• KRA Pin Certificate

BOSA Loans

Aspire Loan

For projects you ASPIRE to achieve, save consistently for 6 months and access this loan.

• Access up to 3 times of your Main Savings
• Repayable in a maximum of 48 months
• Minimum monthly deposit contribution of KES. 5,400

Premier Loan

• Access up to 4 times of your Main Savings
• Interest rate is charged at 1.25% p.m. on a reducing balance
• Maximum repayment period of 60 months

Elite Loan

Be superior! Be amongst the ELITES This a product meant to speed up your projects. Save KES.4,000 and consistently and qualify. No more stalled projects

• Access up to 4 times of your Main Savings
• Eligible to members with Main Savings of KES.1,000,000 and above
• Interest rate is charged at 1.25% p.m. on a reducing balance
• Maximum repayment period of 84 months
• Minimum Monthly Savings contribution of KES.5,400

Elimu Bora Loan

• Maximum loan limit is 4 times of the Elimu Bora Savings
• Interest rate is charged at 1% p.m. on a reducing balance
• Maximum repayment period of 48 months

Biashara Loan

Looking into financing your BIASHARA. Here is a long term solution for you. Also available for different working capital needs like overdrafts. Are you looking for funds to boost your business? Biashara Loan is the product for you.

• Maximum loan limit of KES. 1,000,000
• Interest charged at 1.25% p.m. on a reducing balance
• Maximum repayment period of 36 months

Lifestyle Loan

Purchase lifestyle appliances from our partnership store The Lifestyle Hub at 0% interest.

• Maximum loan limit of KES. 500,000
• Repayable in 6 months

Shamba Loan

• Maximum loan limit of KES.3,500,OOO
• Interest rate is charged at 1.25% p.m. on a reducing balance
• Repayment period of 60 months

Boresha Maisha Loan

Do you need a solution that will help you to improve your home? This product is for you purchase home improvement item through our select partner company at DISCOUNTED prices.

• Maximum entitlement is KES. 200,000
• Repayment period is 1 year (12 months)
• Interest rate is 1.25 p.m on reducing balance

Karibu Loan

This product is for new members who have actively saved 3-6 months to enable them boost their savings in the Sacco.
KARIBU member!

• New members Who have contributed consistently for a period of 3 months are eligible for this product
• Member can access up to KES. 100,000
• Interest rate of 1.25% p.m on a reducing balance
• Maximum repayment period of 12 months

Jibambe Loan

Enjoy a SMART life through our JIBAMBE LOAN.

• Access up to KES. 80,000
• Interest rate of 5% p.m. on a reducing balance
• Maximum repayment period of 1O months

Afya Imara Loan

Enables members to acquire medical insurance cover for their well-being

• Access up to KES. 500,000
• Interest rate of 1% p.m. on a reducing balance
• Maximum repayment period of 10 months

Loan Within Savings

• Loan limit of up to 90% of one’s savings
• Interest rate Of 0.8 % p.m. on a reducing balance
• Maximum repayment period of 48 months

Express Loan

• Tailored for emergency member needs
• Processed within 24 hours
• Access up to KES. 300,000
• Interest rate of 1.20% p.m. on a reducing balance
• Maximum repayment period of 18 months

M-Loan

Access money affordably, at the click of a button

• Assists member to get instant cash to meet urgent personal needs
• Interest rate of 7% p.m.
• Access up to KES. 100,000
• Terms and conditions apply

Chama Loan

• Available to chamas
• Chama must have held membership for a period of at least 6 months
• Maximum repayment period of 36 months
• Interest rate is charged at 14% p.a. on a reducing balance

Share Capital Loan

This special facility has been designed to assist members in meeting their required minimum share capital amount fast and conveniently.

• Access Share Capital Loan of up to KES. 100,000

FOSA Loans

Salo Loan

Available to Boresha Biashara and Jiinue customers

• Loan limit is per customers’ account transaction history
• Repaid in 3 months
• Interest rate of 2% p.m. on reducing balance

Overdraft Facility

Available to Boresha Biashara and Jiinue customers

• Available to customers with an average deposit turnover of more than KES. 200,000 p.m.
• Interest rate at 2% p.m.
• Maximum limit of KES. 1,000,000
• Renewable after 12 months
• Terms & Conditions apply

Ota Kopa | Ota Kopa+

Ota Kopa and Ota Kopa Plus are tailored financing solutions designed to support creatives and creative businesses. Apply for loans of up to KSH999,999 with Ota Kopa and KSH4,999,999 with Ota Kopa+.

• Available to creatives across multiple disciplines
• Transparent and competitive terms
• Affordable interest rate set at 9%

Biz Bora Loan

Fosa Loans

Available to Boresha Biashara and Jiinue customers

• Interest rate of 2% p.m. on reducing balance
• Repaid in 24 months
• Loan limit is per customers’ account transactions

The Kenya Bankers Sacco Branches and Contacts

Head Office

3rd Ngong Avenue,
Upper Hill, Nairobi
P.O. Box 73236 – 00200

Phone Numbers

Office +254 20 5146500
WhatsApp +254 23 555 000

E-mail Address

help@kenyabankers.coop

Our Regional Offices

Head Office

3rd Ngong Avenue, Upper Hill, Nairobi

P.O. Box 73236 – 00200 City Square, Nairobi

Mombasa Office

Moi Avenue – Jubilee Insurance building, 2nd Floor

P.O. Box 82557 – 80100, Mombasa

Nyanza Office

Nyanza Branch Office

Re-Insurance Plaza, Ground Floor

P.O. Box 2291 – 40100, Kisumu

Nakuru Office

South Rift Branch Office

KCB Building, 1st Floor

P.O. Box 15404 – 40100, Nakuru

Eldoret Office

North Rift Branch Office

KCB Building, 1st Floor, Room 1 & 2

P.O. Box 4217 – 30100, Eldoret

Meru Office

Eastern Branch Office

Royal Business Park, 1st Floor

P.O. Box 1106 – 60200, Meru

Nyeri Office

Central Branch Office

Lymo Plaza, 2nd Floor

P.O. Box 1847 – 10100, Nyeri

Kakamega Office

Western Branch Office

Tuskys-Mega Mall Building, 2nd Floor

P.O. Box 2531 – 50100, Kakamega

Kukuma Office

Kukuma Office

Northwest Region office, The Kenya Bankers Building, Turkana County

Working Hours

Monday – Friday9:00 AM – 4:00 PM

Weekends Closed

Holidays     Closed