MKenya Sacco is an online financial platform which aim to empowers Low Income earners and small business people in Kenya. Membership is open to any Kenyan above 18 years of age regardless of social and economical background. Members save a minimum of Kshs 100 daily or Kshs 700 weekly for a period of 4 weeks after which he/she is eligible to apply for unsecured loan of Kshs 10,000 to start or expan
d a business. Loan is payable within 3-6 Months at an interest of 1% per month. Once a member successfully pay the first loan; he/she is eligible to apply for a second loan of upto Kshs 100,000. MKenya Sacco operate online across all town in Kenya and saving and disbursing of loan is done through Mpesa PayBill.Membership registration fees of a new member is Kshs 500.
