A savings and credit cooperative
Your savings earn 11 per cent. Your loan costs 14.
Kweza SACCO is owned by the people who save in it. Both rates are published here, they change only at the annual general meeting, and every member votes on that change.
- 1,840 members
- Savings at 11 per cent a year
- Loans at 14 per cent a year, reducing balance
11%
Paid on savings a year, declared at the annual meeting
14%
Charged on loans a year, on a reducing balance
1,840
Members as at 31 August 2026
7 days
From a complete loan application to a decision
Where your money actually sits
Member savings are held in a separate account from the running costs of the cooperative. Nobody on the committee can move money alone. Three signatures are needed on anything over two million shillings, and one of the three is never a staff member.
- Member funds held separately from operating funds
- Three signatures on any payment over 2,000,000 shillings
- Quarterly accounts published in full on this website
- An outside audit every year, published with the accounts
How to join
- 01
Buy shares
The minimum is ten shares at 20,000 shillings each, so 200,000 shillings. Shares are your stake in the cooperative and they are refunded if you leave.
- 02
Pay the joining fee
Thirty thousand shillings, once, and it is not refundable. It covers the paperwork and your member card.
- 03
Start saving
A minimum of 50,000 shillings a month. Miss a month and nothing happens. Miss six and your loan eligibility pauses.
- 04
Borrow after six months
Once you have saved for six months you can borrow up to three times your savings, at 14 per cent on a reducing balance.
What people ask before they join
Is this a scheme where early members are paid from later ones?
No. Interest on savings is paid out of interest earned on loans made to members. If lending falls, the declared rate falls with it. That is the whole mechanism and it is in the quarterly accounts.
What if I need my money back early?
Savings can be withdrawn with thirty days notice. Shares are refunded when you leave, at the end of the financial year, after any loan you hold is cleared.
What happens if a member does not repay?
Their guarantors cover it from their own savings. That is why guarantors are required, and why we tell you plainly before you agree to guarantee anyone.
Are the returns guaranteed?
No. Eleven per cent is what the members declared for this year based on last year. It is not a promise and it has been lower twice since 2019.
Read the accounts before you join
The last four quarters are published in full. We would rather you joined having read them than on our word alone.