Mhasibu DT Sacco Membership
SACCO membership · Regulated by the SASRA
What is this?
You join a member‑owned co‑op. You buy non‑refundable shares (KES 10,000 minimum) and save at least KES 3,000 each month. Your deposits can back a loan.
The details that matter for this kind of plan
| Share capital | KES 10,000 minimum. Non‑refundable; transferable to another member. |
|---|---|
| Monthly deposit | At least KES 3,000. |
| Risk fund cover | KES 1,800 a year; clears loans on death/disability; pays 200% of deposits plus KES 150,000 last expense. |
| Who can join | Individual membership for all Kenyans; spouses and children of members. |
| Borrowing limit | You can borrow up to 4× your deposits if you qualify. |
| Licence | Listed by SASRA as a deposit‑taking SACCO for 2026. |
What does it cost you?
| Taken off each payment you make | KES 1,200 |
|---|---|
| Admin charge | KES 1,800 |
What if you stop paying?
Your shares stay. Your deposits sit in the account. You still owe any loan you have. The risk fund is KES 1,800 a year; if you do not pay, they say they will deduct it from your deposits.
What if you need the money early?
You can take your deposits when you exit if you have no loan and have not guaranteed one. The KES 10,000 share capital is not paid back but you can transfer it to another member.
Who this suits
You can keep up a KES 3,000 monthly saving. You want to borrow against your savings. You accept that the share capital is locked.
You need your starting money back. You cannot keep up the KES 3,000 a month. You do not want to pay the KES 1,800 yearly risk fund.
How openly does this company explain its charges?
- What do they charge you every year?No yearly charge is printed in the sources we checked.
- What is taken off the money you pay in?KES 1,200, taken from registration fee.
- What does it cost to get out early?No exit penalty is printed in the sources we checked.
- What is the smallest amount you can start with?KES 3,000.
- How long is your money tied up?They do not say how long you are tied in.
- Is the advertised return before or after their charges?This product does not advertise a return.
- Do they warn you the return is not guaranteed?This product does not advertise a return.
- Do they tell you what you get back if you stop early?You get whatever your money is worth on the day. There is no schedule.
- Do they list what is not covered?This is not insurance, so there is nothing to exclude.
- Are all their charges published?Yes, every charge they mention has a figure against it.
- Do they say who regulates them?Yes — the SASRA. That is who you complain to.
This grades how openly things are explained, not whether the plan is good or bad. See how we work it out.
Talk to them
- If something goes wrong, the SASRA is who supervises them.
Compared with the others
There are 17 other plans of this kind on the board. See all 18 side by side — what each one leaves you with, and which of them will not say.
What the documents actually say
Every figure above was read out of a document. These are the sentences, word for word, so you can check them rather than take our word for it.
“A last expense of KES 150,000 is paid towards the burial arrangement.”
“Every member is required to pay KES 1,800 per Annum.”
“Minimum contribution per member per month is KES 3,000”
“Minimum monthly Contribution of KES 3,000”
“Minimum requirement is KES 10,000 which is 500 shares at a cost of KES 20 per share.”
“Minimum share capital contribution of KES 10,000”
“Registration, fee of KES 1,200”
“The next of kin is refunded 200% of the contributed deposits.”
Where we got this
- Read on 2026-08-20
- Join Us – Membership requirementsthe company itselfRead on 2026-08-22
- Deposit Contribution – features and risk fundthe company itselfRead on 2026-08-22
- Share Capital – product featuresthe company itselfRead on 2026-08-22