Kenya Bankers Sacco (KBS) is one of the leading SACCOs in Kenya. As the name suggests, the Sacco was established to help those who work in the banking industry with a place to save their money and access affordable loans.
Some benefits of being a member include low-interest rates on loans, high returns on deposits, and the ability to build up a cash reserve. The SACCO offers its members affordable loans to improve their financial statuses.
How to register as a Kenya Bankers Sacco member
To become a member, you will have to fill out the membership application forms and attach the following documents:
- Copy of national ID card/Passport
- One passport-size photograph
- Copy of KRA Pin certificate
- Ksh 500 membership registration fee payable through Bank deposit bankers cheque
After you have completed filling out the forms, you will need to send them to the Sacco in order to open an account. Once your account has been opened, you will be given a membership number and account details.
Kenya Bankers Sacco services
The Kenya Bankers Sacco offers a wide range of services to its members including banking and credit services. The SACCO has a wide variety of credit products that are tailored to meet the needs of its members. They include:
- Elite loan
- Aspire loan
- Karibu loan
- Biashara loan
- Express loan
- Jibambe loan
- Mloan
- Elimu bora loan
- FOSA advance
- Boresha loan
- Premier loan
- Loan with savings
- Asset finance loan
How to repay your Kenya Bankers Sacco loan via M-Pesa
To repay your loan via Mpesa, go to the M-pesa menu on your phone, select Pay Bill, and enter the Sacco’s Paybill number (400444). Note that the account numbers differ depending on the type of loan you are paying back. Find the right format for your type of loan and enter as your account number. After that, enter the amount you wish to pay, followed by your Mpesa pin, then confirm and complete the transaction.
