Below is a simple guide on how to apply for Waumini Sacco mobile loan. Waumini Sacco Society LTD is one of the leading Saccos in Kenya, whose main objective is to empower their clients economically.
The Sacco was registered in 1980 under the Co-operative Societies Act of the Laws of Kenya.
Waumini Sacco currently has over 25,000 members from 979 Catholic institutions across the country.
In 2019, the Sacco introduced FOSA (Front Office Service Activity) to offer their members banking services and up to date, Waumini Sacco has integrated Mobile Banking Services eg: M-Sacco.
The institution offers mobile loan facility to their clients dubbed Waumini Cash Loan and today, we are going to take look at it.
Waumini Sacco Mobile Loan
Waumini Cash Loan
This is a mobile loan facility that can be accessed and repaid through your cellphone.
- Credit limit is different for each Waumini Sacco member.
- The minimum loan amount is Ksh. 200 and maximum Ksh. 5,000.
- Repayment period of Waumini cash loan is 1 month.
- Upfront interest rate of 7%.
Members can access Waumini Sacco mobile loan in two ways:
- Download link
- Ussd code *276*22#
Below are some of the features available when you access the system.
- Change of PIN.
- My balances.
- Loan repayment.
- Credit limit.
- Mobile loan
Before applying for Waumini Cash loan, it is always advisable to check your loan limit.
How to Apply For Waumini Sacco Mobile Loan
To apply for Waumini cash loan, enter option 3 for mobile loan, 10 for types of loan and 1 for Installment.
A message will be sent to your mobile loan if the application becomes successful. The loan will be disbursed to your M-Pesa account in less than 2 minutes.
To withdraw the money if it wasn’t sent to your M-Pesa account, select option 1.
How to Repay Waumini Cash Loan
- Go to M-Pesa menu on your phone.
- Select Lipa na M-Pesa.
- Select Paybill.
- On the business number section, enter Waumini Sacco paybill number 754292.
- On the account number section, enter loan type 22*10.
- Enter your loan amount.
- Enter M-Pesa PIN.
- Confirm if all the details you’ve entered are correct.
- Submit the information and wait for a text notification from Waumini Sacco and M-Pesa.
Waumini Sacco Contacts
Call: 0734 666 226 or 0728 606 059
Sms: 0727 508 699