Mobile Loan

FEATURES

  1. Minimum Bosa Deposits of Kshs 20,000
  2. Membership period of at least 3 months
  3. Minimum amount that can be borrowed is Kshs 2,000 and Maximum is Kshs 15,000
  4. Repayment Period is 3 months
  5. Interest rate is 10% charged upfront
  6. The limit to graduate /increase based on repayment record

TO ACCESS WAUMINI MOBILE LOAN

USSD CODE OPTION

  • Dial *346# on your mobile phone and select option 8 Waumini cash and follow the prompts. If successful, the loan will be credited to your Fosa Account.

MSACCO APP OPTION

  • Open the Msacco app and under the loan options, select the type of the loan Waumini cash. Follow the prompts. If successful, the loan will be credited to your Fosa Account.

REPAYING WAUMINI MOBILE LOAN 

PAYBILL OPTION

  • Go to Lipa na Mpesa paybill option
  • Paybill Number is 700100
  • Account Number is your Membership Number Followed by WAU e.g. 12345WAU

USSD OPTION

  • Dial *346# on your phone
  • Select Pay Loans Option
  • Select Waumini Cash

MSACCO APP OPTION

  • Open Msacco app
  • Select loans
  • Select Repay Loan
  • Select loan type Waumini Cash

CHECKOFF/OVER THE COUNTER OPTION

  • This option is available for members who would wish that the deduction of Waumini mobile loan be submitted together with other deposits/ loan deductions through checkoff.
  • The payment can also be made in Fosa over the counter.

NOTE

If you have an outstanding Waumini cash loan from the *276*22# platform, kindly repay using the following method only:

    • Paybill: 754292
    • Account number: 22*10