Sacco Information And Reviews

Update [29.11.2021]

Kimisitu Sacco is one of Kenya most regarded Saccos. It was started by a group of staff from ICRAF, to enable them to get loans from their accumulated funds, for productive purposes. Boasting more than 9300 members and 400 member organisations, Kimisitu members boast of attractive dividend payout and competitive increase in share capital.

What Do We Know About Kimisitu Sacco?

Since its inception in 1985-2021. Kimisitu Sacco has sure been in the game for a long time. Implying that they are a legitimate Sacco. Its traction as a trustworthy Sacco has quickly grown over the years to make it one of the most preferred places to invest your savings. 15%-20% is pretty darn good for stable investment returns. For the past 5 years, Kimisitu dividend payout has played at 30-40%.

What Products does Kimisitu Sacco Offer, and what is it Best Known for?

Kimisitu Sacco offers similar products as other Saccos. Mainly, FOSA, BOSA, M-Sacco options and an Insurance agency.

Loan products from Kimisitu Sacco are found under BOSA whereby you can choose from education, motor vehicle, development or housing loans e.t.c. On the other hand, still under BOSA, savings require you to be a member with a minimum contribution of Ksh.3,000 monthly.

The same applies to FOSA products whereby you can choose between salary loans, business, Chama loans e.t.c. Also under FOSA savings, you can choose from the usual or go for the Holiday savings option, fixed deposit or the shoulder of solace ( Cover) options among many.

Eligibility and Requirements at Kimisitu Sacco

One of the attractive qualities of Saccos is that they accommodate corporate, Chama, individual memberships. General requirements for Corporate membership with Kimisitu Sacco are;

  • Company profile
  • IDs and KRA pins of company directors/ officials
  • Passport photographs of signatories, certificate of registration/incorporation.
  • Membership fee of Ksh2.000 with minimum monthly contributions at Ksh 10,000

Chama membership/Self Help/Youth Groups require the same general documents needed and membership monthly contribution. The only extra item here is the provision of group minutes, constitution and a letter of introduction from the Ministry of Social Services.

Individual membership requirements are Ksh.1000 as membership fee and a monthly contribution of Ksh.3,000 as well as 2 current payslips/contract letter.

Where Can You Download Kimisitu Sacco App?

Kimisitu mobile app is downloadable from Google Playstore under the name ‘Kimisitu Money.’ Preferably, dial USSD *503# to transact from your FOSA account via mobile. The app is also available on Apple Stores.

How Can You Get A Loan From Kimisitu Sacco App?

Are you looking for FOSA or BOSA loans? Or better yet, mobile loans from Kimisitu Sacco? 

As long as you are a member of the Sacco, for mobile money, you can access a maximum of Ksh.300,000 on a 6month repayment period. Your eligibility here will be defined by your deposits, status, contributions, default history and how long you have been a member. Oh, and loan exposure + character. Already a member? Dial *503#

For BOSA or FOSA loans, you need to feel an application form for the desired loan product. The nitty gritties of type of product can be found on the website

Disbursements and Repayments at Kimisitu Sacco.

Good news for Kimisitu members as  M-Sacco allows for remittances to be done through the paybill 911200. Click here for guidelines and instructions from Kimisitu on the payments. Quick note, transaction charges will apply using this mobile payment option.

Again, as with almost all Saccos, loans taken with Kimisitu are charged on a reducing balance of 1% and members can access up to 4x their savings/80% salary advance plus enjoy repayment of 4 months – 48 months. ( depending on the product.) 

Lastly, some form of guarantee will be needed on any long term loan. Therefore it can be a guarantor or a type of security that equals the amount you borrow.

Dividends And Shares At Kimisitu Sacco.

For the past 5 years, Kimisitu has boaster of growth and stable dividends and share percentages. These range from 10-13% dividends and share capital of 30-40%. As of 2020, Kimisitu Sacco dividends was at 15%

What Unique Feature Does Kimisitu Sacco Have To Offer?

Kimisitu allows its members to access up to 80% of their salary advance. Maximum tenor of 4 months and a 6% one-off upfront deduction.

Kudos to Kimisitu Sacco for allowing membership for the Kenyans in Diaspora. Read more here.

Promotions And Rewards From Kimisitu Sacco

There are no current promotions or rewards from this Sacco.

How Can I Contact With Kimisitu Sacco?

Looking for Contacts for Kimisitu, Here are the necessary social media links to their official pages. Facebook, Twitter, Website.

Go to AEA Plaza Valley Rd to access their offices Fosa Services or drop your membership/application forms.

The email address to use is for queries or call 0709136000 to speak to an agent.

Please note working hours for Kimisitu are Mon-Fri: 8.00 p.m – 5.00 p.m.

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