Mwito Sacco Society Ltd
Mwito Sacco Membership
SACCO membership · Regulated by the SASRA
It is a member-owned co-op licensed by SASRA to take deposits. It started in 1979.
Hear when this changes
The details that matter for this kind of plan
- Licence
- Listed as a deposit-taking SACCO by SASRA for 2026
- Joining
- KES 1,000 joining fee, KES 20,000 share capital, KES 3,200 minimum monthly
How to open this
- Open with KES 20,000
- then KES 3,200 a month
What does it cost you?
| Taken off each payment you makejoining fee | KES 1,000 |
|---|
What if you stop paying?
The website does not say what happens if you stop paying. Ask the SACCO before you join.
What if you need the money early?
The website does not publish a notice period or withdrawal term. Ask the SACCO how long it takes to get deposits back.
Who this suits
It could work for you if
You want a licensed SACCO whose joining terms are published on its own website.
Think twice if
You need a published dividend rate. You need a published management fee. You need a published withdrawal notice period.
What they tell you
- What is taken off the money you pay in?KES 1,000, taken from joining fee.
- What is the smallest amount you can start with?KES 3,200.
- Do they say who regulates them?Yes — the SASRA. That is who you complain to.
Talk to them
- Website: mwitosacco.coop
- Email: info@mwitosacco.coop
- If something goes wrong, the SASRA is who supervises them.
Compared with the others
There are 222 other plans of this kind on the board. See all 223 side by side — what each one leaves you with, and which of them will not say.
What has changed here
- 19 September 2026
- Somebody read the company's own material only a regulator's listing → researched
- Smallest monthly payment is now KES 3,200, and was not published before
- Smallest lump sum to start is now KES 20,000, and was not published before
- Taken off each payment you make is now KES 1,000, and was not published before
We started keeping this record in August 2026. Anything that changed before then is not here. The whole board's record.
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.
“"Charges per withdrawal over the counter are Kshs. 130 and Kshs. 60 via the Co-operative Bank ATM."”
“"established in the year 1979"”
Mwito Sacco Society Ltd — official website: home page with statistical report and how to jointhe company itselfread 2026-09-19“"Every loan processed will attract an initial interest at the rate of 1.5 % of the loan granted"”
Mwito Sacco Society Ltd — official website: general lending requirementsthe company itselfread 2026-09-19“"FOSA provides bankers cheques to customers at a cost of Kshs. 200/= per leaf"”
“"Interest charged is 5% per month on reducing balance."”
“"Interest paid on savings is dependent on annual finance performance.."”
“"It attracts interest at the rate of 1.5 % per month on the reducing balance(9.75% per annum)."”
“"It attracts interest at the rate of 1% per month on the reducing balance(6.5% per annum)."”
“"Joining fee of Ksh 1,000 and Share capital of Ksh. 20,000(Can Be paid gradually)"”
“"Maximum of kshs 150,000."”
“"Minimum account balance amount of Kshs 500"”
“"Minimum balance is Kshs. 500/=."”
“"Minimum deposit attracting interest is Kshs. 5,000/="”
“"Minimum monthly contribution of Ksh. 3,200"”
“"Minimum monthly deposit contribution of ksh.3,000 or 5% of applicant's basic salary."”
“"Minimum monthly savings Kshs 1000."”
“"Minimum savings period will be six months."”
“"One-off charge of Ksh 715 for card processing"”
“"Only Ksh60 per ATM transaction"”
“"Pay through Mpesa Pay bill no. 339650 A/c no. ID Number"”
“"Share capital of Ksh. 20,000(Can Be paid gradually)"”
“"the current membership of 10,363 with a loan portfolio of KES 2.629 billion and an asset base of KES 3.334 billion"”
Mwito Sacco Society Ltd — official website: home page with statistical report and how to jointhe company itselfread 2026-09-19“"The interest rate will be 1% per month on the reducing balance."”
“"The rate of interest is 1% per month on the reducing balance(6.5% per annum)."”
“"Who is a Member? > Is one who has duly filled the membership form, paid registration fees, and attained the minimum share capital of 20,000/-"”
“Listed as a deposit-taking SACCO by SASRA for 2026”
SASRA: list of licensed and authorised Sacco societies, FY ending 31 Dec 2026the regulatorread 2026-09-16
Where we got this
- Read on 2026-09-16
- Mwito Sacco Society Ltd — official website: membership pagethe company itselfRead on 2026-09-19
- Mwito Sacco Society Ltd — official website: home page with statistical report and how to jointhe company itselfRead on 2026-09-19
- Mwito Sacco Society Ltd — official website: FAQ pagethe company itselfRead on 2026-09-19
- Mwito Sacco Society Ltd — official website: Bosa products pagethe company itselfRead on 2026-09-19
- Mwito Sacco Society Ltd — official website: Fosa products pagethe company itselfRead on 2026-09-19
- Mwito Sacco Society Ltd — official website: general lending requirementsthe company itselfRead on 2026-09-19