Kingdom Sacco started in 1999 as a church organization by the Life Reformation Centre church with the aim of improving the economic and social livelihood of its members. Kingdom Sacco Paybill Number 521 000
Kingdom Sacco was registered with the Ministry of Cooperatives on 21st January 2000 under the Cooperative Societies Act No.12 of 1997 and is currently governed by the SACCO Societies Act of 2008 and its by-laws.
Kingdom Sacoos’ membership is drawn from the churches affiliated to Congress World Breakthrough Network (CWBN) and the general public.
How to use Kingdom Sacco Paybill Number 521 000
- Go to MPESA Menu
- Select Pay Bill
- Enter Kingdom Sacco Paybill Number 521 000
- Enter The Account Number
- Enter The Amount
- Enter Your PIN
- Send.
Kingdom Sacco Loan Products
1. Business Loan
Features include
· Have maintained an active account with KSACCO for at least three Months
· Wide range of securities are acceptable ( Motor Vehicles, Properties, Term Deposits, Guarantors)
· Facility is repaid in installments of between six and thirty six months.
· Attractive Interest rates
· Response time within 36 hours
2. Development Loan
Features of development loan include:
· Have maintained an active account with Ksacco for at least three Months
· Wide range of securities are acceptable ( Motor Vehicles, Properties, Term Deposits, Guarantors)
· Facility is repaid within a period of 48 months
· Attractive Interest rates
· Response time within 36 hours
3. Emergency Loans
Features include:
· Have maintained an active account with Ksacco for at least three Months
· Wide range of securities are acceptable ( Motor Vehicles, Properties, Term Deposits, Guarantors)
· Facility is repaid within a period of 12 months
· Attractive Interest rates
· Response time within 24 hours
4. School Fees Loan
Features
· Have maintained an active account with Ksacco for at least three Months
· Wide range of securities are acceptable (Motor Vehicles, Properties, Term Deposits, Guarantors)
· Facility is repaid within a period of 12 months
· Attractive Interest rates
· Response time within 24 hours
5. Personal Loan
Features
· Have maintained an active FOSA account with KSACCO for at least 6 Months
· Wide range of securities are acceptable (Motor Vehicles, Properties, Term Deposits, Guarantors)
· Facility is repaid in installments of between six and twenty four months.
· Attractive Interest rates
· Response time within 36 hours
6. Overdraft Loan
Features
· Have maintained an active account with KSACCO for at least three Months
· Wide range of securities are acceptable ( Motor Vehicles, Properties, Term Deposits, Guarantors)
· Facility repaid as on-off within 3 months/ Also referred to as Bullet Loan
· Attractive Interest rates
· Response time within 24 hours
7. Asset Financing Loan
Features
· Have maintained an active FOSA Account with Kingdom Sacco for at least six Months
· To finance up to 90%
· In case Motor Vehicles, limit age is 9 years from the year of manufacture.
· Attractive interest rates
· Security is the asset to be purchased
· Repayment period is max 36 months
· Response time within 36 hours
8. Invoice Discounting Loan
Features
· Have maintained an active account with KSACCO for at least three Months
· Finance up to 80% of face value of the invoice
· Maximum discount period of 90 days
· An irrevocable undertaking from the debtor to remit funds through customer account held at KSACCO
· Attractive lending interest rate
Kingdom Sacco FOSA products.
Kingdom Sacco is licenced as a deposit taking Sacco by SASRA and as such operates a front office facility that provides several products to its customers such as:
1. KSA Corporate
This is equivalent to business current account
Features
· No opening balance
· Minimum operating balance of Ksh. 1,000
· Free monthly bank Statement
· No notice on withdrawals
· Unlimited withdrawals
· No minimum Deposit
· Attractive interest rate on deposit
· Free internal standing order
In order to open a Kingdom Sacco KSA corporate account, one would requirement;
a) Completed accounts opening form
b) Copy of business registration certificate/ Incorporation Certificate
c) Copy of Business PIN
d) Copy of Memorandum and Article of Association if the business is a limited liability
e) Board Resolution to open an account with KSACCO if the business is a limited liability ( resolution to clearly state the signatories and mandate)
f) Copies of IDs and PINs for the Signatories
g) passport photo for every signatory
2. KSA Heritage
This is a product for the youth that encourages young people to begin saving for their future growth in personal development or business
Features include:
· Minimum balance of Ksh. 100
· No minimum deposit amount
· Unlimited withdrawals
· Attractive interest rate on deposit
· Free monthly bank Statement
· Free internal standing order
· Age Limit: 14-26 years
To open KSA Heritage account, this is what is required;
a) Completed accounts opening form
b) National ID for individuals over 18,Birth Certificate for under 18, National ID for the guardian
c) 1 passport photo
3. Imara Account
Imara Account is designed as a savings products that enable our members to start savings for your holiday, education, children, dream homes and special projects
Features
· Minimum balance of Ksh. 100
· No minimum deposit amount
· Regular cash withdrawal is limited to once in 90 days
· Attractive interest rate on deposit
· Cash account held on this account can be used as a security for loan
· Account can be opened either as a corporate account or Individuals Account.
Application requirements for Imara Account
a) Completed accounts opening form
b) Copies of IDs and PINs
c) 1 passport photo
4. Mustard Junior Account
Its targeted towards children under 18 years of age;
Features
· No opening balance
· Minimum balance of Ksh. 500
· No minimum deposit amount
· Cash withdrawals are limited once per term
· Free Hippo saving box
· Attractive interest rate on deposit
· Account is operated by the Parent/ Guardian
Application requirements for mustard junior account
a) Completed accounts opening form
b) Copies of IDs of the Guardian/Parent
c) 1 passport photo for the child
d) 1 passport photo for the Guardian/ Parent
e) Copy of Birth certificate
5. KSA Individual
This is our individual transactional account
Features
· No opening balance
· Minimum operating balance of Ksh. 100
· Free monthly bank Statement
· No notice on withdrawals
· Unlimited withdrawals
· No minimum Deposit
· Attractive interest rate on deposit
· Free internal standing order
Application Requirements
a) Completed accounts opening form
b) Copy of IDs and PIN Certificate
c) 1 passport photo
6. KSA Salary
This is an account that our salaried members.
Features
· No opening fee
· Minimum Account Balance of Ksh. 100
· Free monthly bank e-statement
· No notice on withdrawals
· No salary processing fee
· Salary advance of up to 50% of monthly salary
· To be opened by salaried individuals
· Free internal standing.
· Same day salary processing
Application Requirements
a) Completed accounts opening form
b) Copy of IDs and PIN Certificate
c) 1 passport photo
d) Introduction letter from the employer
Kingdom Sacco Projects.
Ufalme Housing
Ufalme Housing Scheme is an investment initiative by Kingdom Sacco in partnership with New Life Welfare Programme (NLWP) aimed at providing members of Kingdom Sacco with an avenue to invest in land, housing and general real-estate development.
NLWP is a church-based initiative whose objective is to empower members by building systems that facilitate mobilization of resources within the community.
Ufalme Housing Initiatve is therefore founded and operated on Biblical principles and values upon which Kingdom SACCO Society Ltd and NLWP are founded.
Ufalme Housing Initiative aims at providing to its members, living accommodation at a fair and reasonable price.
Also covered under the scheme are such ancillary services as roads, drainage, water, lighting and facilities for school, physical and cultural recreation and other provisions for building estates, blocks of flats or single dwellings.
The initiative also aims at acquiring and relinquishing land, buildings and rights over land and buildings by purchase, lease or any other means as may be necessary.
Participation in Ufalme Housing projects is limited to members of Kingdom Sacco Society Limited.
A member of Kingdom Sacco wishing to participate in Ufalme Housing projects is required to complete and submit for approval, a registration form together with relevant testimonials as prescribed from time to time.
A non-refundable entrance fee of KShs. 1,000 is payable upon receipt, verification and approval of registration.
Members of Kingdom Sacco who are subscribed to Ufalme Housing Scheme are encouraged to consistently build their savings to enable them participate in upcoming projects.
Kingdom Sacco Contacts
Head Office:
Empower House, Githurai 45, Thika Road.
P. O. Box 8017, 00300 Nairobi, Kenya.
TEL: 254 (020) 2089715. CELL: 0720 838422
Email: info@kingdomsacco.com
Nakuru Office:
Dubai Shopping Centre/ Complex,
3rd Floor Suite 47, Pandit Nehru Road,
TEL: 0701059350
Email: nakuru@kingdomsacco.com
Eldoret Office:
Korosiot Building, 1st Floor, Right Wing,
Oginga Odinga Street
TEL: 0703739932
Email: eldoret@kingdomsacco.com
Mombasa Office:
Canon Towers 1, Upper Ground Floor,
Moi Avenue
TEL: 0703736293
Email: mombasa@kingdomsacco.com
Naivasha Office:
Lancaster House, 1st Floor, Eastern Wing,
TEL: 0703736681
Email: naivasha@kingdomsacco.com
Narobi South Office:
Kingdom Life Centre, Karen
TEL: 0703736344
Email: klc@kingdomsacco.com
