Updated 31 October 2026
Wakulima Commercial Sacco, a deposit-taking Sacco based in Mukurwe-ini, Nyeri and licensed by SASRA, charges 10% to 17% a year on its loans. Its Dairy, Development and Imarika loans cost 14% a year on a reducing balance, the Kilimo Bora farm-input loan costs 10% flat, and the Emergency Loan costs 17%. How much you can borrow depends on your non-withdrawable deposits, from 1 times for emergency loans to 7 times for asset and project loans. All figures below come from the Sacco’s own loan product pages, checked on October 31, 2026.
Wakulima Sacco loan rates and terms
| Loan | Purpose | Borrow up to | Interest | Max period | Appraisal fee |
|---|---|---|---|---|---|
| Dairy Loan | Established dairy farmers | 3x deposits | 14% p.a. reducing | 24 months | 3% |
| Development Loan | General development; needs a year of regular account activity | 3x deposits | 14% p.a. reducing | 48 months | 2% |
| Imarika Loan | Vehicles, motorbikes, tuk-tuks, land and plots | 3x to 7x deposits | 14% p.a. reducing | 60 months | 3% |
| Jijenge Imara Loan | Long-term projects over KSh 1 million, e.g. house building, irrigation | 7x Jijenge savings | 14% p.a. reducing | 60 months | 3% |
| Mazingira Bora Loan | Energy-saving jikos, solar lights, septic tanks, biogas | 5x deposits | 12% p.a. reducing | 36 months | 3% |
| Kilimo Bora Loan | Silage, hay, fertiliser, greenhouses, cow sheds | 4x deposits | 10% p.a. flat | 12 months | 3% |
| Fanikisha Kahawa Loan | Coffee farmers | Based on annual coffee output | Not stated | 24 months | Not stated |
| Emergency Loan | Hospital bills, funerals, court fines | 1x deposits | 17% p.a. reducing | 12 months | Not stated |
| Institutional Loan | Member institutions | 10x Jijenge savings | From 13% p.a. | 36 months | Not stated |
Loans for salaried members
Wakulima Sacco has a separate set of products for salaried members linked to Wakulima Dairy:
- Salary Loan: 4 to 7 times savings depending on the amount, repaid over 36 to 60 months at 12% a year. Guarantors are needed, and loans above KSh 300,000 need collateral.
- Salary Advance, School Fees, Imarika and Jijenge Imara advances: up to 10 times savings, repaid within 6 months, with 5% charged on the amount advanced and at least 2 guarantors.
The Sacco’s business-loans page gives the Development Loan for salaried members at 12% a year, while the standalone Development Loan page says 14%. Ask the branch which rate applies to you.
What a Wakulima loan costs: an example
Here is our own estimate using a standard amortisation formula, not a Sacco quote. A KSh 200,000 Dairy Loan at 14% reducing balance over 24 months works out to about KSh 9,600 a month, or roughly KSh 30,500 in total interest. Add the 3% appraisal fee of KSh 6,000. A KSh 100,000 Kilimo Bora loan at 10% flat over 12 months costs KSh 10,000 in interest plus a KSh 3,000 fee.
How to qualify and apply
- Join Wakulima Commercial Sacco and build up non-withdrawable deposits, since most loan limits are a multiple of them.
- Keep your account active: the Development Loan looks at a year of regular deposits, salary or milk payments.
- Get guarantors who are members, or collateral for larger amounts.
- Visit the head office at Wakulima Building, Mukurwe-ini, or call 0700 146 398. The office opens 8:30 am to 4 pm on weekdays and 8:30 am to noon on Saturdays.
Compare these rates with other Saccos in our Sacco loan comparison, or see how another regional Sacco structures its loans in our Winas Sacco loan guide.
Frequently asked questions
Where is Wakulima Sacco located?
Its headquarters are at Wakulima Building, Mukurwe-ini town, P.O. Box 232-10103 Mukurwe-ini.
Is Wakulima Sacco licensed?
Yes. It describes itself as a deposit-taking Sacco licensed by the Sacco Societies Regulatory Authority (SASRA).
Which Wakulima loan is cheapest?
The Mazingira Bora Loan at 12% reducing balance has the lowest stated rate. The Kilimo Bora Loan is quoted at 10% flat, which costs more than it looks because the interest is charged on the full amount.
Related: Setyon Sacco Loans 2026: Karibu, Normal, Maziwa, Cane and Boda Boda Loan Rates
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