Updated 31 October 2026
Kenversity Sacco, which started at Kenyatta University in 1976 and now accepts members from all sectors, charges 12% a year on a reducing balance for its Normal Loan (60 months) and School Fees Loan (12 months). The Super Loan costs 15% over 72 months, the Emergency Loan 18% over 12 months, and the salary-based Fahari Loan 16%, with up to KSh 5 million over 96 months. Its FOSA products are short and expensive, at 5% to 6% a month. Kenversity is a deposit-taking Sacco licensed by SASRA. The figures below come from the Sacco’s official website, checked on October 31, 2026.
Kenversity Sacco BOSA loans
| Loan | Multiplier / limit | Interest | Max period | Notes |
|---|---|---|---|---|
| Normal Loan | 3x deposits | 12% p.a. reducing | 60 months | After 6 months of membership; granted within 30 days |
| Super Loan | 3x deposits | 15% p.a. reducing | 72 months | After 6 months; top-up after 6 months |
| Emergency Loan | 3x deposits | 18% p.a. reducing | 12 months | Granted within 8 hours |
| School Fees Loan | 3x deposits | 12% p.a. reducing | 12 months | Based on the fee structure; circular issued each November |
| Fahari Loan | 7x deposits, max KSh 5m (based on salary) | 16% p.a. | 96 months | Salary through Kenversity; 2% fee; 5 guarantors; 10% kept as deposits for new members |
| Land and Building Loan | 5x deposits, max KSh 5m | 16% p.a. | 72 months | 2% fee; 5 guarantors; property secures up to 70% |
| Motor Vehicle Loan | Logbook secures up to KSh 2m | 16% p.a. | 24 months | One-third down payment; car no older than 8 years |
| Maendeleo Loan | 4x deposits | 16% p.a. | 36 months | No top-up; 5 guarantors; 2% fee |
| Diamond Loan | 4x deposits | 13.5% p.a. | 24 months | 2 permanent-employee guarantors |
| Boresha Loan | 4x deposits | 13% p.a. flat | 60 months | 2% fee |
Kenyatta University staff on permanent terms need 3 guarantors. Contract staff and members from other institutions need 5. The Share Booster raises your deposits by up to 100% so you can borrow more, for a one-off 10% charge on the boosted amount.
Kenversity FOSA loans
| Product | Limit | Repayment | Rate |
|---|---|---|---|
| Overdraft | KSh 20,000–300,000 | 10 months | 6% |
| Advance | KSh 5,000–100,000 | 5 months | 6% |
| Short Period Advance | KSh 60,000 | 3 months | 6% |
| Karibu Loan | KSh 100,000 | 6 months | 5% a month |
| Jiinue Loan | KSh 100,000 | 6 months | 5% a month |
| Utility Loan (phones, tanks, solar, appliances, car insurance) | Not capped | 12 months | 2% a month |
FOSA loans are processed the same day and need a current payslip and two guarantors. A new member can get the Karibu Loan in their first month by paying KSh 3,000 share capital and a KSh 400 risk fee.
Top-up and buy-off charges
You can top up FOSA, Emergency, Super and Normal loans for a 2% clearance fee on the outstanding balance. Kenversity will also clear loans you owe elsewhere, such as bank loans, for a 4% clearance fee. Weigh that fee against the interest you would save, using our loan buy-off guide.
Normal vs Super loan: what the extra years cost
Here is our own estimate using standard amortisation, not a Sacco quote. KSh 1 million on the Normal Loan (12%, 60 months) costs about KSh 22,200 a month and roughly KSh 335,000 in interest. On the Super Loan (15%, 72 months) it is about KSh 21,100 a month, but interest rises to roughly KSh 522,000. Stretching the loan by a year cuts the monthly payment by only about KSh 1,100.
How to pay and contact Kenversity
You can pay through M-Pesa Paybill 577820, by cheque payable to Kenversity Sacco Ltd (write your membership number and how to split the payment), or in cash at the Kahawa office. Mobile banking is on the app and USSD *720#. The banking hall opens 8:30 am to 4 pm, Monday to Friday. Compare these rates with other Saccos in our Sacco loan comparison.
Frequently asked questions
What is the Kenversity Sacco Paybill number?
577820.
Can I join Kenversity Sacco if I don’t work at Kenyatta University?
Yes. The Sacco has opened its membership to people from all sectors across East Africa and the diaspora.
How soon can a new member borrow?
The FOSA Karibu Loan can be granted in your first month. BOSA Normal and Super loans need 6 months of membership.
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