How to join Mhasibu Sacco

Mhasibu Sacco is a co-operative that was established in the year 1986 by the institute of certified public accountants of Kenya to enable its members save and get affordable credit facilities.

Its membership is mostly drawn from professionals in the accounting industry.

Joining Mhasibu Sacco

  1. Login to the Mhasibu Sacco portal.
  2. Enter your personal details.
  3. Pay a registration fee of Ksh 1,000 through M-Pesa paybill .Use your ID number as the account number.
  4. Enter the M-pesa confirmation code in the portal.
  5. Enter your personal information and bank details.
  6. Enter your employment and next of kin details.
  7. Scan and attach your ID card.
  8. Attach the following documents;
  • A proof of your accountancy profession.
  • Next of Kin’s ID or birth certificate.
  • A passport photo.
  1. Then click apply to finish the registration process.
  2. Upon registration, you are required to pay a monthly minimum deposit contribution of Ksh 1,600 and a minimum share contribution of Ksh 10,000.

Mhasibu Sacco Loans

For you to be a granted a loan from this co-operative;

  • You must have a good credit record and must not have been listed by CRB .
  • You must have contributed deposits consistently for six months.
  • You must not be a member of another co-operative.
  • Your guarantors must have a good credit record.

Below are the loans that the co-operative gives its members;

Type of loanInterest rate (p.a)Eligible AmountRepayment Period
Normal12%4 X shares6 months
Asset13%4 X shares48 months
Super14%4 X shares60 months
Gold 14%4 X shares72 months
Multi13%4 X shares60 months
Plot buying12%4 X shares60 months
Top up 14% for Gold Loan and 12% for Normal Loan4 X sharesTo be determined by the remainder of the Loan term.
Short term 5%Between Ksh5,000-50,0001 month
Home care12%Maximum of Ksh 100,00012 months
Swift 12%Maximum of Ksh 1,000,00024 months

All loans must be guaranteed either by guarantors or collateral such as title deed or log book.

READ  How to join Tower sacco

How to pay Mhasibu via M-pesa

  1. Go to the M-pesa Menu.
  2. Select Lipa na M-PESA option.
  3. Select Paybill.
  4. Enter their business Number: 540700.
  5. Enter account number in the format; Membership Number + short code e.g. 12345DEP to make a deposit. See the other short codes below.
  6. Enter the amount you want to deposit.
  7. Enter you M-pesa pin number.
  8. Confirm all details are correct and press OK to complete the transaction.
  9. Wait for a confirmation from M-pesa via SMS.

Mhasibu Sacco transaction codes

Deposit PaymentsTransaction code
Share capitalSCP
Child scheme accountCHS
Insurance premiumINS
Mhasibu m-sacco utilityMSD
Loan paymentsTransaction code
Mobi instantMBL
Repurchase RPL
Refinance RFL
Gold GOL
Gold repurchaseGRL
School feesSFL

Mhasibu sacco contacts

For any enquiries, contact their customer care on 020-5141901,020-5141902, 020-5141903.

Email them on


There are so many other co-operatives in Kenya that you can join. To check the best,read my blog post on the best sacco to join for you to make an informed decision.

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