Updated 31 October 2026
Prime-Time DT Sacco, based in Iten, Elgeyo Marakwet County, charges 1% a month on a reducing balance for all its BOSA loans. That covers Development (72 months), School Fees (one calendar year), College/University (24 months), Emergency (12 months) and Karibu (36 months), and each lends up to 4 times your deposits. Its FOSA and micro-credit loans are quoted at flat rates of 1.21% to 1.5% a month, which cost more than they look. Short advances charge 10%. All figures come from Prime-Time Sacco’s BOSA, FOSA and micro-credit product pages, checked on October 31, 2026.
Prime-Time Sacco BOSA loans
| Loan | Max period | Interest | Limit |
|---|---|---|---|
| Development Loan | 72 months | 1% a month, reducing | 4x deposits |
| Karibu Loan | 36 months | 1% a month, reducing | Not stated |
| College/University Fee Loan | 24 months | 1% a month, reducing | 4x deposits |
| School Fees Loan | 1 calendar year | 1% a month, reducing | 4x deposits |
| Emergency Loan | 12 months | 1% a month, reducing | Not stated; other loans must be up to date |
| BOSA Advance | 1 month | 10% | Not stated |
| Dividend Advance | 3 months | 10% | Not stated |
The Emergency Loan covers unforeseen events such as burials, natural disasters and court orders.
FOSA and micro-credit loans
| Loan | Max period | Rate as quoted |
|---|---|---|
| Golden FOSA Loan | 36 months | 1.35% a month, flat |
| FOSA Loan | 24 months | 1.21% a month, flat |
| Super Salary Advance | 3 months | 10% a month |
| Salary Advance | 1 month | 10% |
| Micro Credit Loan | 24 months | 1.5% a month, flat |
| Boda Boda Loan | 24 months | 1.5% a month, flat |
| Water Tank Loan | 12 months | 1.5% a month, flat |
| Agri-business Loan | 1 calendar year | 1.5% a month, flat |
Flat vs reducing balance: why it matters here
A flat rate is charged on the full amount you borrowed for the whole term, even as you repay. A reducing-balance rate is charged only on what you still owe. Here is our own estimate, not a Sacco quote, for KSh 200,000 over 24 months:
- Boda Boda or Micro Credit Loan at 1.5% flat: interest is KSh 72,000 (KSh 3,000 a month for 24 months), so you repay KSh 272,000, or about KSh 11,300 a month.
- FOSA Loan at 1.21% flat: interest is about KSh 58,100, so about KSh 10,750 a month.
- College Loan at 1% reducing: interest is about KSh 26,000, so about KSh 9,400 a month.
A 1.5% flat rate over two years costs roughly the same as about 2.6% a month on a reducing balance. If a BOSA loan fits your need, it is much cheaper. Our reducing-balance calculator guide explains the maths.
Which Prime-Time loan to choose
For school or college fees, use the BOSA fee loans at 1% a month on a reducing balance rather than a FOSA loan. For a motorbike, water tank or farm inputs, the micro-credit products are built for the purpose, but compare their flat-rate cost with a Development Loan if you have enough deposits to qualify. Keep the 10% salary and BOSA advances for short gaps of a month or so.
Fixed deposit and savings
Prime-Time also lists a fixed deposit that earns 11% a year for terms of 3 months or more, and a Prime Junior savings account. The interest you earn there sets the bar for any loan you take against those savings.
Contacts
Prime-Time DT Sacco, P.O. Box 512-30700, Iten, Elgeyo Marakwet County. Call 0791 581 694 or 0720 749 009, or email info@primetimesacco.co.ke. The Sacco also has a mobile app. Compare its rates with others in our Sacco loan comparison.
Frequently asked questions
Where is Prime-Time Sacco located?
In Iten, Elgeyo Marakwet County (P.O. Box 512-30700).
Does Prime-Time Sacco give boda boda loans?
Yes, over 24 months at 1.5% a month flat.
What is the Prime-Time Sacco development loan rate?
1% a month on a reducing balance, over up to 72 months, for up to 4 times your deposits.
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