• This loan is taken to facilitate payment of school fees, could be university degree, starting or finishing Masters, your child is Joining form 1, college fees and so forth
• A member is entitled to 3 times their total deposits
• Interest rate is 1% per month on a reducing balance basis
• School fees Loan is payable within 24 months
• Only one school fees loan may be granted in one calendar year

This Loan facilitates any unforseen circumstances for example;  sudden hospitalization, funeral expenses, court fines, and other unforeseen circumstances beyond our members' control.

• Emergency loans are given within a members entitlement, i.e. 3 times the  members deposit at a  maximum limit of Ksh. 100,000.
• This Loan is granted to a member upon producing documentary evidence.
• This is payable within 12 months at an interest rate of 1% per month on a reducing balance
• Emergency Loans are disbursed within 24 working hours.

• These are loans for development purposes and form the  major portion of loan
• Loans are processed as received.
• Loan form MUST be correctly filled and all required attachments included, in the Loan application form.
• Repayment period is 48 months at an interest rate of 1% per month on a reducing balance.
• Maximum Entitlement is 3 times the members deposits.

• This Loan gives members access to a new, bigger loans on fresh terms, i.e. maximum repayment period of 36 months.
• Repurchase Loan is applicable to members who wish to apply for a loan while still servicing a previous loan
• The Repurchased loan falls under the normal terms applicable to all loans.
• Loan form MUST be correctly filled and all required attachments included, in the Loan application form.
• Repurchase loans are processed as received.
• Repayment period is 48 months at an interest rate of 1% per month on a reducing balance.
• Maximum Entitlement is 3 times the members deposits Less Outstanding Loan balance plus interest of 1%

MKU Express Mobile Banking Loan is a short term Loan taken to take care of unexpected events

The qualifications for MKU Sacco Express loan is simple. 

Register to access the service in the following steps;

1. Dial code *483*040#
2. Select MKU Sacco
3. Input your National ID Number
4. Input your name

The following are the conditions of the facility

Loan Period 30 days
Interest rate 7.5%
Appraisal fee KES 50
Maximum Loan KES 30,000 subject to credit score
Disbursed Value The Requested Amount

Repayment procedure:

1. Load your Mpesa with the amount you wish to pay
2. Dial *483*040#
3. Input PIN
4. Select “Pay Loan” Option
5. Input Repayment amount
6. Confirm
7. Input Mpesa PIN

OR

1. Go to Lipa na Mpesa on your phone
2. Select Paybill option
3. Input Paybill Number “4088927”
4. Input your National ID Number as the account Number
5. Input Mpesa PIN

Defaulting on the loan is not allowed and will lead to your account being blacklisted and NOT able to access the facility when you have an emergency.
Incase of any queries contact the office

Super Okoa  is a short term Loan taken to take care of unexpected events

The Key product features include:

• Repayment period 3 months
• An interest rate of 5% fixed per month
• Processing fee of 2% paid up front.
• Maximum entitlement Ksh 100,000.
• A member is entitled to only one Super Okoa at a time.
• Guarantors required.
• Maximum entitlement is 3 times total deposits less other loans
• Loan approved within 3 working day

Requirements

• That You need to be a SACCO member for six months and have met the loans eligibility criteria.
• That a duly completed loans application form will be required.