Updated 31 October 2026
Ushuru Sacco, based at Ushuru Sacco Centre on Wood Avenue, Kilimani, Nairobi, charges 1% a month on a reducing balance for its Normal Development, Emergency and School Fees loans, and lends up to 4 times your share deposits. Its longest loan, Shujaa, runs for 120 months at 1.23% a month and lends 5 times deposits. Almost every loan has the same two charges: a 0.25% appraisal fee (minimum KSh 500) and a 1.5% RMF charge on the loan amount. All terms below come from Ushuru Sacco’s own BOSA and FOSA loan pages, checked on October 31, 2026.
Ushuru Sacco BOSA loans
| Loan | Interest (reducing) | Max period | Multiplier / limit | Notes |
|---|---|---|---|---|
| Normal Development Loan | 1% a month | 72 months | 4x savings | First development loan; for cars, property, assets |
| Refinance (Development) | Not stated | 72 months | Based on savings | Extra funds to finish a project financed by a Normal loan |
| Emergency Loan | 1% a month | 12 months | 4x share deposits, no ceiling | Medical, funeral and even dowry costs |
| School Fees Loan | 1% a month | 24 months | 4x share deposits, no ceiling | School, college and university fees |
| Jongea Loan | 1.16% a month | 36 months | Up to KSh 500,000 | For new members under 3 months; Sacco finances the required deposits |
| Shujaa Loan | 1.23% a month | 120 months | 5x share deposits | High savers with tight payslips; KSh 5,000 monthly deposit contribution |
The Sacco says the effective annual rate is 6.5% for the Emergency and School Fees loans and 7.6% for Jongea. These are the Sacco’s own figures. Monthly rates multiplied by 12 give a higher simple annual rate (12% and about 13.9%), so ask for the total cost of your specific loan.
Ushuru Sacco FOSA loans
| Loan | Interest | Max period | Limit | Key condition |
|---|---|---|---|---|
| FOSA Pride Loan | 12% p.a. | 96 months | 5x savings | Salary through FOSA for at least 1 month; 2 payslips and guarantors |
| Tiba Loan | 1.16% a month, reducing | 60 months | No ceiling | Sacco finances missing deposits; salary through FOSA for at least 2 months; boost up to half your deposits, max KSh 500,000 |
| Salary Advance on Check-off (KRA staff) | 14% p.a., reducing | 12 months | 1.5x basic pay (60% of consolidated pay on contract), max KSh 1m | One-third rule; recovered through check-off |
| Asset Finance | 14% p.a., reducing | 96 months (land), 60 (vehicles), 48 (other assets) | 100% of land under UIC, 80% in towns; machinery at 50% | Active member for 6 months; vehicles no older than 8 years |
| Biashara Loan | 14% p.a., reducing | 36 months | EMI capped at 30% of average monthly account turnover | 3 years of business history; logbook, title or share certificate as collateral |
| Almasi (mobile) | 1.18% a month, reducing | 12 months | Up to KSh 200,000, self-guaranteed | Salary through FOSA; via M-Ushuru app or USSD; KSh 500 fee plus 1.5% RMF |
Fees you should budget for
On a KSh 500,000 loan, the 0.25% appraisal fee is KSh 1,250 and the 1.5% RMF charge is KSh 7,500, so about KSh 8,750 is deducted before you get the money. The Sacco’s pages do not explain the RMF charge, so ask what it covers before you sign.
Here is our own estimate using a standard formula, not a Sacco quote. A KSh 500,000 Normal Development Loan at 1% a month over 72 months works out to about KSh 9,800 a month. A Shujaa loan of the same size at 1.23% over 120 months comes to about KSh 8,000 a month, but costs much more in total interest.
Who can join and how to apply
The Sacco describes its check-off salary advance as a special product for staff drawn from the Kenya Revenue Authority (KRA). For membership rules, see our Ushuru Sacco membership guide. To apply, fill in the loan form, attach your two latest payslips and guarantor details, and submit it online or at the office. For help, call 020 760 8700 or email info@ushurusacco.com. Compare these rates in our Sacco loan comparison.
Frequently asked questions
How many times my savings does Ushuru Sacco lend?
4 times share deposits for Development, Emergency and School Fees loans, and 5 times for Shujaa and FOSA Pride loans.
Can a new Ushuru Sacco member borrow?
Yes. The Jongea Loan lends up to KSh 500,000 to members who have not yet completed the usual three months, and the Sacco funds their required deposits.
What fees does Ushuru Sacco charge on loans?
A 0.25% appraisal fee (minimum KSh 500) and a 1.5% RMF charge on most loans.
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