Updated 31 October 2026
Waumini Sacco, registered in 1980 and headquartered at Applewood Adams on Ngong Road, Nairobi, charges 12% on its Development Loan (up to 72 months, 4 times deposits and shares). Its Emergency, School Fees, Self-Guaranteed and Top-up loans cost 1% a month on a reducing balance. For property there are two products: Makao Plus lends up to KSh 15 million at 13% a year over 15 years, and Mjengo lends up to KSh 5 million at 12.5% over 10 years. Short mobile and salary advances charge 10% upfront. All terms come from Waumini Sacco’s BOSA and FOSA loan pages, checked on October 31, 2026.
Waumini Sacco BOSA loans
| Loan | Limit | Interest | Max period | Notes |
|---|---|---|---|---|
| Development Loan | 4x deposits and shares | 12% | 72 months | Up to two at a time; repayments must fit within two-thirds of income |
| Emergency Loan | KSh 100,000 | 1% a month, reducing | 12 months | Ready in about 12 hours |
| School Fees Loan | KSh 500,000 | 1% a month, reducing | 12 months | Ready in about 12 hours |
| Self-Guaranteed Loan | 95% of deposits | 1% a month, reducing | Not stated | You must not be guaranteeing anyone |
| Top-up Loan | 4x deposits minus existing balances | 1% a month, reducing | Rest of original term | After 6 months of clean repayment; new guarantors or collateral |
| Loan Restructuring | 4x savings | 13% p.a. | 84 months | 12.5% commission on extra cash; no bridging commission |
| Mazao Loan | 75% of last year’s dividends | 10% upfront | Recovered from dividends | Secured by this year’s dividend |
Shares count towards your borrowing limit on the Development Loan, but they cannot be used as security. Security comes from guarantors and collateral.
Waumini Sacco FOSA and property loans
| Loan | Limit | Interest | Max period | Key condition |
|---|---|---|---|---|
| Makao Plus | KSh 15m (4x deposits) | 13% p.a. | 15 years (to age 60) | Property secures 70% of value; approved plans needed; free top-up after 6 months |
| Mjengo Loan | KSh 5m (5x deposits) | 12.5% p.a. | 10 years | Lends 70% of market value for residential or commercial land, 60% for farmland |
| FOSA Loan | 4x deposits | 14% p.a. | 36 months | Salary through FOSA for at least 6 months |
| Group Loan | 5x group savings | 1.042% a month, reducing | 5 years | Deposits or other security |
| Salary Advance | 1.5x net salary or average monthly deposits | 10% upfront | 3 months | Salary through FOSA for 3 months, or an employer MOU |
| Mobile Loan (Waumini Cash) | KSh 2,000–15,000 | 10% upfront | 3 months | At least KSh 20,000 BOSA deposits and 6 months’ membership |
Members with a Mjengo loan can switch to Makao Plus with no commission. Your Waumini Cash limit grows as you build a repayment record, but you can only have one running at a time and no arrears on other loans.
What these loans cost
Here is our own estimate using standard amortisation, not a Sacco quote. KSh 3 million on Makao Plus at 13% over 15 years costs about KSh 38,000 a month, for roughly KSh 3.83 million in total interest. On Mjengo at 12.5% over 10 years, KSh 3 million costs about KSh 43,900 a month and roughly KSh 2.27 million in interest. The longer Makao term means a smaller payment but more interest overall. For bank alternatives, see our mortgage guide.
The Loan Restructuring product charges 12.5% commission on any extra cash you take, so ask for the full cost before you consolidate.
Contacts
Waumini Sacco’s head office is on the 2nd floor of Applewood Adams, Ngong Road, Nairobi. Call 0709 052 000 or email info@wauminisacco.com. Compare these rates with other Saccos in our Sacco loan comparison.
Frequently asked questions
How many times my deposits can I borrow from Waumini Sacco?
4 times on Development, Top-up, FOSA and Makao Plus loans, and 5 times on the Mjengo loan.
How fast is a Waumini emergency loan?
The Sacco says Emergency and School Fees loans take about 12 hours.
What is the Waumini Sacco mobile loan limit?
KSh 2,000 to KSh 15,000 over 3 months, at 10% upfront.
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