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Mhasibu SACCO Development Loan

Mhasibu SACCO

Last updated: April 16, 2026

|Last verified: Apr 16, 2026
0/5
Based on 0 Reviews
Interest Rate
12% p.a.
Loan Amount
Ksh 100,000 - Ksh 20,000,000
Approval Time
24-72 hours
Processing Fee
KshNaN

Rating Breakdown

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Pros & Cons

Pros

  • Competitive 12% interest on reducing balance
  • Up to 4x deposits development loan
  • Tailored for icpak-registered accountants and finance professionals
  • Nairobi HQ anchor branch
  • Tenure up to 72 months
  • Professional indemnity backed
  • CPD training loan
  • Higher KES 20m ceiling

Cons

  • Restricted to professional common bond members
  • Guarantors required from same SACCO
  • Minimum 3 months deposits before first loan
  • Processing can take up to 48 hours
  • ICPAK-only membership
  • Documentation heavier

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Product Details

Features

  • Exclusive to ICPAK-registered accountants
  • 4x deposits development loan up to KES 20m
  • Professional indemnity-backed emergency loan
  • Dividend performance 11-13% historically
  • Audit-season workload-aware customer service
  • CPD training loan for continued professional development
  • FOSA with multi-bank sweep integration

Eligibility Requirements

Age: 18 - 60 years
Employment: ICPAK members, CPA students (final stages), Finance and audit professionals

Required Documents

  • National ID
  • Membership certificate
  • Payslips (3 months) or trade proof
  • Guarantor forms (2+ guarantors)
  • KRA PIN certificate

Repayment Options

Salary check-offBank transferM-Pesa

Ready to Apply?

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Application takes less than 10 minutes

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