Kenversity Sacco – Contacts, Mobile Banking, Loans, Branches

Kenversity Sacco – Contacts, Mobile Banking, Loans, Branches: Kenversity Sacco was registered as a Savings and Credit Co-operative Society in 1976. Originally membership was drawn from Kenyatta University but now it has opened up its common bond to the East Africa

Mission
To mobilize savings, provide friendly and affordable credit facilities and other financial services for our customers.

Vision
To be the most dynamic and profitable SACCO in East Africa.

Kenversity Sacco Paybill Number

Kenversity Sacco Paybill Number is 577820

Kenversity Sacco Mobile Banking

Paybill Number: 577820
MPESA pay bill service is a mobile banking facility that we are offering our members to enable them make payments to their respective accounts and loans through M-PESA using their mobile phones at the comfort of their homes.

Requirements:
You need to be an M-PESA registered customer as the service is available for Mpesa registered users only. Ensure that you know your Kenversity Membership Number.
Procedure:
1. Go to M-Pesa menu on your mobile phone.
2. Select Lipa na M-Pesa
3. Select Pay-Bill
4. Enter business number: 577820
5. Enter Account number – Put in your Membership Number and For Deposits include ‘Dep’ at the end of your Membership Number (e.g. 0001Dep) For Loans, Put in the first four (4) letters of the loan type at the end of your Membership Number (e.g. 0001NORM) For FOSA savings, include account type after membership number (e.g 0001KENSA)
6. Enter the amount.
7. Enter your M-Pesa PIN
8. Confirm that you have entered the correct Paybill number/Account Number/Amount and press OK
9. You will receive a message shortly confirming that the payment has been received.

Kenversity Member Portal Login

Kenversity Member Portal Login can be accessed using the link https://memberportal.kenversitysacco.co.ke/

Kenversity Sacco Loan Calculator

Kenversity has endeavored to provide financial facilities to its members through various loans. These include Normal loan, Super loan, Emergency loan and School fees loan as shown below:

Normal Loan

This is a loan given 3 times of your deposits. It is repayable in 48months. Interest rate is 12% p.a. at reducing balance. Three (3) guarantors required for Kenyatta University members on permanent employment and 5 guarantors on those on contract and other institutions. Members qualify to apply after 6 months of membership. Top Up after 6 Months of application.

Super Loan

This is a loan given 3 times of your deposits. It is repayable in 60 months. Interest rate is 15% p.a. at reducing balance. Three (3) guarantors required for Kenyatta University members on permanent employment and 5 guarantors on those on contract and other institutions. Members qualify to apply after 6 months of membership. Top Up after 6 Months of application.

Emergency Loan

This is a loan provided for urgent cases e.g. College fee, Medical expenses Funeral. This is a loan given 3 times of your deposits. It is repayable in 12 months. Interest rate is 18% p.a. at reducing balance. Three (3) guarantors required for Kenyatta University members on permanent employment and five (5) guarantors on those on contract and other institutions. Can be topped up.

Fahari Loan

Monthly deposits contribution shall be Ksh. 3,000, interest rate 16% per annum, at least five (5) guarantors, repayment period is 72 months, with a maximum of Ksh. 4,000,000 after being a member of the Sacco for at least 6 months. One will be eligible for top up after 12 months. Target group – Platinum A and Platinum B. Salary to be channelled through the Kenversity Sacco Ltd. Processing fee of 2% of the loan shall apply, 1/3 Rule of the Basic salary to apply. New members must retain 10% of the loan as deposits, the loan is not pegged on deposit but on salary

School Fees Loan

This is a loan provided to aid parents/ guardians pay school fees for their dependants. This is a loan given 3 times of your deposits. It is repayable in 12 months (A calendar year). Interest rate is 12% p.a. at reducing balance. Three (3) guarantors required for Kenyatta University members on permanent employment and 5 guarantors on those on contract and other institutions. The appraisal of the loan is based on the school fees structure. Remember to check circular of school fees application in the month of November every year for the requirements.

Share Booster Loan

To help you get a bigger loan, we increase your deposits by up to 100% of your deposit. The boosting facility will be credited to your member account. This amount will be eligible to earn interest on deposit at the end of the year. Interest charge on boosted amount at 10% (one off).

Maendeleo Loan

Be given 4 times of shares, a third of the basic salary must be maintained,Minimum contribution of shares be Kshs.3000. Interest rate of 16%. Repayment period 36 Months. No top up for this loan, Atleast 5 guarantors. Processing fee 2%.

Top Ups

Members can apply for top-up on all FOSA Loans, Emergency Super, Normal Loans and will be charged a clearence fee of 5% on the outstanding balance. Members can also apply for kenversity loan to clear externals e.g. Bank Loans. A clearence fee at 5% will be charged.

Kenversity Sacco Contacts

Location:
Kahawa Sukari Area, Kahawa Sukari Avenue, Behind Quickmart Supermarket, Nairobi, Kenya.

Postal Address:
P.O.BOX 10263-00100 NAIROBI,KENYA.

Phone Number:
0715 114454
020-8002371/2

Email:
info@kenversitysacco.co.ke