Updated 31 October 2026
Setyon DT Sacco, headquartered at Brooke in Kericho, charges 1% a month on a reducing balance for its Normal Loan (36 months). Karibu, Emergency, Cane, Boda Boda and business loans cost 1.5% a month, and asset financing for new movable assets costs 1.1% a month. Its short-term products cost much more: a one-month salary advance charges 10% upfront, and the Soko and Prime advances charge 2.5% a week. All figures come from Setyon Sacco’s credit products page, checked on October 31, 2026.
Setyon Sacco loans for salaried members
| Loan | Period | Interest | Fee | Notes |
|---|---|---|---|---|
| Normal Loan | 36 months | 1% a month, reducing | 1% (max KSh 2,000) | Existing members with BOSA shares; two-thirds rule |
| Karibu Loan | 24 months | 1.5% a month, reducing | 1% (max KSh 2,000) | New, newly employed members; one third of the loan goes into shares |
| Emergency Loan | 12 months | 1.5% a month, reducing | 1% (max KSh 2,000) | Unforeseen needs |
| Bridge Loan | 24 months | 1.7% a month, reducing | 1% (max KSh 2,000) | Contract staff, e.g. BOM and private-school teachers; employer MOU needed |
| Salary Advance | 1 month | 10% upfront | — | Salary through FOSA |
| Long-term Advance | 3 to 6 months | 15% upfront | — | Salary through FOSA |
| Cash Covered Facility | 36 months | 12% p.a., reducing | — | Up to 90% of pledged deposits |
Farmer and trader loans
- Maziwa Loan (dairy): 24 months at 12% a year on a reducing balance, with a 3% processing fee. 5% of the loan goes into your deposits, and the Sacco inspects the farm before lending. Advances against milk deliveries (up to 75% of delivery) cost 10% upfront.
- Cane Loan: for farmers contracted to West Valley Sugar or Soit Sugar. It lends up to 50% of net proceeds at 1.5% a month with a 5% fee. Farms over 10 acres get up to 12 months, smaller farms 6 months.
- Kilimo Loan: 10 months at 12% a year on a reducing balance, secured by guarantors and savings.
- Soko Loan: for market vendors in groups of 5 to 20 who have saved for at least two months. It lends up to 4 times deposits at 2.5% a week, one off (the Sacco puts this at 10% a month), over one week or one month.
Asset, boda boda and business loans
| Loan | Period | Interest | Key terms |
|---|---|---|---|
| Asset Financing | 48 months | 1.1% a month, reducing; 2% fee | New movable assets (no PSVs); up to 100% of value with a 25% deposit; max 4x deposits |
| Boda Boda Loan | 18 months | 1.5% a month, reducing; 2% fee | Max KSh 150,000 or 3x deposits; minimum deposits KSh 55,000; Sacco holds logbook |
| Business Working Capital | 48 months | 1.5% a month, reducing; 2% fee | Audited accounts, 6-month bank statement, 4-year cash flow; max 4x deposits |
| Shule Loan (private schools) | 60 months | 1.5% a month, reducing; 2% fee | Fees collected through Setyon or an approved bank; repaid each term |
| Prime Advance | 1 to 180 days | 2.5% a week upfront | For private institutions |
| Cheque Discounting | 3 days | 3% of value | Cheques from reputable payers |
What these rates mean
Here is our own estimate, not a Sacco quote. KSh 300,000 on the Normal Loan at 1% a month over 36 months costs about KSh 9,960 a month and roughly KSh 58,700 in total interest. The same amount as a Karibu Loan at 1.5% over 24 months costs about KSh 15,000 a month and roughly KSh 59,400 in interest, and one third of it is put into shares. If you are new to the Sacco, the Karibu Loan gets you started, but move to the Normal Loan once you qualify.
Weekly-rate products such as Soko and Prime are expensive: 2.5% a week works out to about 10% a month. Use them only for very short trading gaps.
Contacts
Setyon Sacco’s head office is at Brooke, Kericho, P.O. Box 1314-20200, phone 0709 080 020. For other farmer-focused Saccos, see our Wakulima Sacco loans guide. To compare rates across Saccos, see our Sacco loan comparison.
Frequently asked questions
What is the cheapest Setyon Sacco loan?
The Normal Loan at 1% a month on a reducing balance, closely followed by asset financing at 1.1% a month.
Does Setyon Sacco give boda boda loans?
Yes. It lends up to KSh 150,000 over 18 months at 1.5% a month. You need at least KSh 55,000 in deposits and three months of saving.
Can contract workers borrow from Setyon Sacco?
Yes, through the Bridge Loan, if their employer signs an MOU with the Sacco.
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