In its endeavor to realize its vision and mission, Jamii SACCO upholds the following core values: Integrity, Professionalism, Customer Focus, Teamwork, Innovation and ICT.

New Member Joining Requirements

Apply for a Loan.
School Fees Loan
Development Loan
M-Cash Loan

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Investment or Micro-credit

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Access your FOSA Account; Anywhere, Anytime on your Mobile phone 24/7 on:

Dial USSD *879# or *806#for Non –smart phone holders.

Download the Jamii M-Cash App on your Smartphone from playstore for Android phone holders.


Account balance Inquiry for all your accounts                              

Mini statement Inquiry

Mobile Money/ Cash withdrawal

PIN Change

Funds Transfer

Mobile Loan Application

Cash Deposit to all accounts

Utility Payments

And many more


The loan is applied and granted through mobile phone and the terms and conditions are as follows:

 Member must subscribe/register to the Sacco M-banking services (Fill Jamii M-Cash Form).

 A member must attain the minimum share capital of Ksh. 10,000.

 Considers a member up to 80% of the member deposits but up to a maximum of Ksh. 50,00

 A member can qualify to borrow up to Ksh. 5,000 without graduation subject to attaining the above conditions.

 A member eligible to borrow more than Ksh. 5,000 will be subjected to a graduation factor of 1.5 conducted once in 30 days.

 The interest rate per month will be 5.3% for I month, 6.3% for 2 months, 7.3% for 3 months, 8.3% for 4 Months and 9.3% for 5 months charged on the principal loan one off. The interest will be accrued and not recovered upfront.

Repayment can either be done using either USSD (Dial *879#/*806#), Jamii M-cash App or Paybill number532200. Dial *879# or *806#, then choose in the menu the product type you want to access loan, or deposit and if using Paybill 532200 then keying the account number-ID NUMBER OR MEMBERSHIP NUMBER THEN THE PRODUCT CODE.

Some of the charges that apply for the above services are:

 Account Balance Inquiry – Kshs. 10.

 Mini Statement – Kshs. 10.

 Cash withdrawal – Kshs. 50 upto a maximum of Kshs. 70,000 per transaction.


 M/s Safaricom Limited Charges an average of Kshs. 5 in Airtime for every USSD Session.

                                               GENERAL LOANING CONDITIONS.

•The member must be a check off based member from public service, parastatal or stable private organization.
•The loan is granted immediately a member joins the Sacco and makes the first installment.
•A maximum loan of up to  is Ksh.300,000
•1/3 of the loan granted will be transferred to the deposits and Ksh.10,000 is immediately transferred to  share capital.
•The loan must be fully guaranteed by either guarantors or collateral.
•Repayment period is 20 months.
•Interest rate is 1.04% per month or 12.5 % per annum on  reducing balance.
•Ability is computed based on 1/3 rule of member’s salary.
•Must be recovered through the payroll.

The following technology-based services are provided by the SACCO:-
M PESA Service.

This is a money transfer service from SACCO to members using mobile phones. The members can also make deposits and loan repayments through M-PESA Pay Bill Number 532200.

ATM Service
This is a facility that allows members to access funds from their FOSA savings accounts using Co-op Bank SACCO link card from Co-operative Bank ATM cash point or any other VISA branded ATM. The following applies:

  • Withdrawal from CO-OP Bank ATM which currently cost Kshs.30.00 Maximum withdrawal per day is Kshs 40,000.00.
  • Withdrawal from any other Visa Branded ATM cost may vary from ATM to another but is estimated on average at Kshs.200.00.
  • The SACCO link card is also used to pay for goods and services in some stores eg Petrol Stations and Supermarkets e.t.c.
  • With the same card members can withdraw up to Kshs300, 000.00 from any CO-OP Bank branch at a cost of Kshs 100 through Point of Sale (POS) over the counter.
  • Members MUST request the office to activate the ATM card once they receive the ATM pin number.

Real Time Gross Settlement (RTGS)/ Electronic Funds transfer (EFT)

This is a service available in the SACCO for transfer of funds to members’ accounts in other banks.

Loan Clearance Facility

Members are reminded that the SACCO has a facility to clear outstanding loans except Biashara/Biashara loans and Asset Finance Loan. All loans are cleared by the SACCO including development loans, other SACCOs and bank loans as follows:

  • Short term loans at 8% recoverable up-front.
  • Long term loans also at 8% recoverable upfront.
  • Development loans at 10% to take same type of loan.
  • Clearance of other Bank and SACCOs loans is 1%.

Sale of Bankers Cheques.
On behalf of Co-operative bank, the SACCO sells bankers cheques to members at a cost of Kshs 100 per leaf.

Mobile Banking Product.
The SACCO is in the process of introducing a mobile banking product where members will be able to access various services including limited credit facilities. This service will be rolled out in due course and all members will be notified accordingly.

This product finances full insurance premium for motor vehicle where members take comprehensive insurance cover with an identified insurance company namely: Co-operative Insurance Company (CIC), Madison Insurance or Direct line depending on the type of cover or any other approved insurance underwriter. The features are as follows:

  • Facility available to members of Jamii SACCO and operating a FOSA accounts.
  • 12 months repayment period.
  • Granted at 10% of member deposit.
  • Granted based on the member’s ability to pay.
  • Interest rate of 13.5% on reducing balance.
  • One month grace period.

This is a unit of ownership of the SACCO and members earn dividends on the same annually when declared. The Share Capital is not withdrawable but can be sold or transferred to an existing member upon one’s withdrawal from the SACCO. The minimum share capital is Kshs.20, 000.00 or 1000 shares of Kshs.20.00 each.

Reasons why a member should have a Share Capital account:

  • To drive the SACCO business.
  • To meet the SASRA requirements that is the Institutional Capital.
  • It’s a long term investment with annual return.

Members who have not attained this new minimum threshold should strive to do so at the earliest opportunity through the following means:

  • Mpesa PayBill.
  • Standing Order.
  • Cash Payment to the society.
  • Check-off System
  • Deduction of approved loans.

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Jamii Sacco

Head Office: Jamii Sacco Court, Mukenia Road, South
‘B’ Next to Mater Hospital
Address: P.O. Box 57929 Nairobi 00100 Kenya
Tel: +254 (020) 552477/48 / +254 (020) 6552523
Mobile: +254715961545/ +254712852762

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