How to join Waumini Sacco

Waumini Sacco is a licensed deposit taking co-operative registered in the year 1980.

It currently has over 31,000 members drawn from catholic based institutions and catholic faithful’s countrywide.

You can join the co-operative either as individual or as a corporate.

To join Waumini Sacco as an individual;

  1. Get a recommendation letter from a catholic institution where you work.
  2. If you are a catholic faithful have the application form signed by your Jumuiya Chairperson and the parish priest.
  3. Pay a one off membership fee of Ksh 500.
  4. Once a member you are required to purchase shares of Ksh 15,000 which you can pay in installments of Ksh 500.
  5. Pay a monthly minimum deposit of Ksh 300.
  6. Pay a monthly insurance risk fund of Ksh 50.

How to join Waumini Sacco as a corporate;

The corporate membership is open to all catholic institutions. To join as corporate member;

  1. Pay a one off membership fee of Ksh 5,000
  2. Buy shares worth Ksh 10,000.This amount is not withdrawable but it is transferable to an existing member.
  3. Attach minutes of a meeting resolving to join the co-operative.
  4. Get an introduction letter from a bishop or his representative of the institution.
  5. The application form should have specimen signatures of authorized signatures.

Waumini Sacco Loans

Below is a breakdown of the loans that the co-operative offers;

Type of loanInterest rate (p.a)Eligible AmountRepayment Period
Emergency12%100,00012 months
School Fees12%500,00012 months
Development12%4 X shares72 months
Mazao 10%Up to 50% of previous year dividendTo be recovered  with dividends
Loan Restructuring13%4 X shares84 months
Fosa 14%4 X shares36 months
Salary advance10% upfront1.5 times net salary3 months S
Group Super flex20%5X shares72 months
Mobile 10%15,0003 months
Mjengo 14%3,000,00015 years
Asset Financing14% 60 months

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

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How do I withdraw money from Waumini sacco ?

  1. Dial *346# on your phone.
  2. If this is your first time accessing this service a start pin will be sent to you via SMS.
  3. Enter the start pin and you will be prompted to enter and confirm your own 4 digit pin.
  4. Enter your M-Sacco Pin number.
  5. Select the withdraw option.
  6. Select the account number you want to withdraw from.
  7. Enter the amount you want to withdraw.
  8. Wait for the confirmation of receipt of money from M-pesa.

How do i pay my Waumini loan ?

There are three ways you can repay your loan in the co-operative

  • Pay via USSD option
  • Pay via M-sacco app option
  • Pay via Waumini Paybill

How to pay Waumini loan via USSD option

  1. First deposit money  into your FOSA account using the paybill:700100
  2. Dial *346# on your phone.
  3. Select Pay Loans option.
  4. Select  the Loan account you want to repay.
  5. Enter the amount to pay.
  6. Click OK to complete the transaction.
  7. Wait for the confirmation from M-PESA.

How to pay Waumini loan via M-Sacco option

  1. First make sure you have registered for mobile banking service.
  2. Download the M-Sacco app from Google app store and install in your phone.
  3. Select  the loans module
  4. Select Repay Loan
  5. Select loan type
  6. Enter the amount you want to repay.
  7. Click OK to complete the transaction.
  8. Wait for the confirmation from M-PESA.

How to pay Waumini loan via paybill option

  1. Select Lipa na M-pesa option.
  2. Enter the Waumini Sacco paybill option: 700100.
  3. Enter your membership number as the account number followed by the transaction code e .g. if you are repaying a development loan you enter 23458DL.(Please see below the various transaction codes)
  4. Enter the loan amount you want to pay.
  5. Enter your M-pesa pin number.
  6. Click OK to complete the transaction.
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Waumini sacco codes

ProductTransaction code
Share CapitalS
Self guaranteedSEL
Mobile LoanWAU

Waumini Sacco contacts

If you have any enquiries or complaints, you can contact their customer care on 0709052000 or send an email to

The co-operative is headquartered at Apple Woods Adams building opposite Greenhouse along Ngong road.

It has branches in Westlands, Kisii, Nakuru, Rongai and Mombasa.


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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