Updated 31 October 2026
Bingwa Sacco loans include long-term development loans of up to five years and short-term emergency loans of up to 12 months, both charged on a reducing-balance basis. To borrow, you must be a member with an active account and the minimum savings, and you can secure the loan with deposits, guarantors, a land title, a fixed deposit or movable assets, according to Bingwa Sacco’s website. Deposits and loan repayments go through M-Pesa Paybill 765244.
Bingwa Sacco loan types
| Loan | What it is for | Maximum term | Interest method |
|---|---|---|---|
| Development loan | All-purpose: improvements, projects or investments | 5 years | Reducing balance |
| Emergency loan | Urgent needs such as hospital bills, funerals and other unforeseen events | 12 months | Reducing balance |
| Special loans | Listed on the Sacco’s site under “Special Loans” | Varies | Ask the Sacco |
Bingwa does not publish its interest rates online. Ask a branch for the current rate, any processing or insurance fees, and a repayment schedule before you sign.
Requirements for a Bingwa Sacco development loan
- Be a Bingwa Sacco member with an active account.
- Have savings (deposits) of not less than the required minimum.
- A fully completed loan application form.
- Original national ID and a copy.
- Security: land title, Sacco deposits, guarantors, certified fixed deposits or movable assets the Sacco accepts.
How to work out your repayments
Because Bingwa uses reducing balance, interest is charged only on the amount still owed, so monthly interest falls as you repay. Once you have the rate, use the method in our sacco loan calculator on reducing balance guide, or check our sacco loan calculators A to Z.
Bingwa Sacco Paybill 765244: account number formats
| Paying into | Account number to enter |
|---|---|
| Savings account | Your ID number, passport number or member number |
| Share capital | ID/passport/member number followed by S1 (e.g. 12345678S1) |
| Deposits (back loans, earn interest) | ID/passport/member number followed by S2 |
Steps: M-Pesa > Lipa na M-Pesa > Paybill > business number 765244 > account number as above > amount > PIN. Use the same ID you registered with. You can also use Co-op Bank’s paybill 400200, as Bingwa’s mobile banking runs in partnership with Co-operative Bank, per its mobile banking FAQ.
Bingwa Sacco mobile banking
- USSD: after filling the application form, dial *667*2# or *557*2# and enter your PIN to check balances and move money to M-Pesa.
- App: the MCo-op Cash Sacco Omni app on Android and iOS.
Branches and contacts
Bingwa Sacco was registered in 1984 and has 20 branches: 17 in Kirinyaga County, plus Githurai (Kiambu), Tsavo Road (Nairobi) and Kitengela (Kajiado). Head office: P.O. Box 434-10300, Kerugoya. Phone: 0725 713 471 or 0707 069 180. Email: info@bingwasacco.coop. Hours: Monday to Friday 8:30am–4pm, Saturday 8:30am–12pm.
Before you borrow
- Guarantors are liable if you default; agree terms with them in writing.
- Compare with other saccos; see our list of best saccos in Kenya for loans and dividends.
- Avoid paying “agents” to speed up a loan; apply only through branches or official channels.
FAQ
What is the Bingwa Sacco paybill number?
765244. Use your ID, passport or member number as the account number.
How long can I take to repay a Bingwa development loan?
Up to five years.
What is the Bingwa Sacco interest rate?
Loans are on reducing balance; the Sacco does not publish the rate online, so confirm it at a branch.
Updated October 2026.
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