What Makes Mhasibu Sacco Tick All the Boxes For Professionals in Kenya?

Let us face it. If there is something that Covid-19 taught us the need to have something to fall back to, something saved somewhere when a time comes, it saves you. Nobody knows the future, but through saving, we prepare for it.

One of the best ways to save the little you have and prepare for the future is through a Sacco. Having combed through different saccos in Kenya, we landed on Mhasibu Sacco which we think ticks all the boxes for all professionals globally.

Who is Mhasibu Sacco?

Mhasibu Sacco Society Limited is the leading Non-Withdrawable Deposit Taking Sacco for all Professionals and is regulated by SASRA.  The SACCO was formed to promote thrift among its members by allowing them to accumulate their savings and access affordable credit facilities.  The Sacco membership is open to all professionals, their spouses and children, registered groups, and corporates.

Mhasibu SACCO emerges as one of the most stable savings and investment vehicles for professionals whose desire is to see their cash grow without a hustle.

Mhasibu SACCO offers a wide range of products and services tailored to meet all its members’ needs. Whether you want to save for your future, invest in your business, buy a home, educate your children, or access emergency funds, Mhasibu SACCO is your preferred financial provider.

But what makes Mhasibu Sacco tick?

Stability and Growth; The SACCO has been in existence since 1986 with consistent growth and impressive performance attaining over 23,000 members spread all over the world and an Asset Base of over 9B!

Affordable and accessible loans for members: We all need a loan occasionally to bail ourselves out of various economic challenges including investing for more profits. Mhasibu SACCO, has you covered with a competitive portfolio of loan products at very favorable repayment periods that cater to different purposes, and You can borrow up to 5 times.

What more? you can top up your existing loan, and consolidate your SACCO and bank loans to relieve your monthly repayment Mhasibu buys off the bank loans at no cost!

In case you get an emergency, you can instantly access the Rahisi loan product up to 1 million through the portal at an interest rate of only 10% p.a. on a reduced balance.  They also have the option of a Mobi Loan of up to KES 150K, and you pay conveniently for up to 6 months! Other loan products offered by Mhasibu SACCO include Normal Loan, Gold Loans, Swift Loans, Emergency Loan, School Fees Loan, Development Loan, Asset Finance Loan, Mortgage Loan, and Equity release, indeed you have many options to choose from to attain your financial independence!  To secure your loan, Mhasibu give you a wide variety of acceptable Loan Collateral including guarantors, titles, log books, Mhasibu savings schemes(Zao, Junior & Holiday), insurance policy, unit trust, and listed shares

Competitive interest rates on deposits: It is no secret that Mhasibu SACCO pays attractive and consistent interest on deposits and dividends on share capital annually.   Mhasibu dividend rate is currently among the best in the SACCO sector, be sure of returns for your investments annually.

Social welfare and community partnerships: Mhasibu SACCO is a community of professionals spanning from accountants, marketers, doctors, nurses, graphic designers, engineers, human resources, and supply chain professionals just to name a few that share common interests and values. The SACCO organizes social events such as family fun days, member education days, webinars, and annual general meetings that allow members to learn, interact, connect, network with each other, and exchange ideas.

Riding on the wave of technology and innovation: In a world where technology drives everything, woe unto those who are not yet on board. Mhasibu SACCO has capitalized on technology to create convenience for members to join, make contributions, and access loans. Flexible Payment modes include M-Pesa, standing orders, bank transfers, cheque payments, or online banking.  Members enjoy convenience through the robust member portal we learned they are soon launching their mobile app and USSD!

Financial literacy and empowerment: Financial literacy is what makes us appreciate the value of money. Once we appreciate the value of money, we become empowered to create more and take good care of it. Mhasibu SACCO is among a few players who are committed to enhancing the financial well-being of its members by providing them with financial education and advice.

The SACCO is keen to empower its members through regular hybrid webinars, e-bulletins, and newsletters. Sacco equally contracts the services of financial and investment consultants to educate and empower its members in each of these forums.

Want to secure your financial future? Get started with Mhasibu SACCO today and secure your financial future while cultivating a savings culture for you and your loved ones.

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