Mombo Membership

Mombo is about more than just saving and borrowing, it’s a chance to set and achieve goals you might never have thought possible. It’s about creating a community that’s rewarded for their savings in Kenya and supported with their loans.

As part of a group of members you can select, you can do more with your money. Invest where it’s profitable, save quickly to meet large goals, and help one another with loans when they’re most needed.

By taking Mombo membership, you’re taking control of your financial future.

Mombo Membership Community

When we built Mombo Sacco, we didn’t want it to be another cold, distant financial app. We want to encourage whole families and generations to start saving together. We want to reward savings so that it becomes second nature. Together this will help us all build a financially stronger future. So, we built communities within Mombo Sacco where our members can work together and make managing finances something you look forward to.

It’s a place where you can join your friends and family together. Create your own saving community where you can support each other and encourage each other to save more. You’ll finally have the discipline and support to create a sizable savings pot, on your own or with your family.

We know that it’s important to you that you can build your savings yourself, or as a group, when you need to. Even though you are part of a community and can share your achievements and goals with others, you’re still in completely control with your own, individual account.

Take freedom or support whenever you need to by building your savings community with Mombo.

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Membership Saver Levels

As a member of Mombo Sacco, you’ll fall into one of our carefully organised Saver levels. From Bronze to Platinum, you can rest assured knowing that Mombo is working for your money.

All Saver levels have access to the community and can apply for credit of up to 5x their savings. You can open your account, no matter your savings level, easily via our simple loan app.

You can join any community no matter your Saver level.

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  • Self account/ Opt in opening straight through process via mombo app
  • Minimum monthly deposit of Kes. 500
  • Ability to join as a community/ join a community
  • Access credit of up to 5X of savings
  • Access up to 10K in instant mobile loan
  • 4 % annual interest on savings
  • Credit access waiting period-90 days
  • Maximum credit limit -100K
  • Maximum savings top up to access credit -5K
  • Registration fees of Ksh. 200
  • Self account/ Opt in opening straight through process via mombo app.
  • Minimum monthly deposit of Kes. 2,500
  • Ability to join as a community/join community
  • Access credit of up to 5X of savings
  • Access up to 20K in instant mobile loan
  • 4.5% annual interest on savings
  • Credit access waiting period-90 days
  • Maximum credit limit-500K
  • Maximum savings top up to access credit -25K
  • Registration fees of Ksh. 1,000
  • Self account/ Opt in opening straight through process via mombo app.
  • Minimum monthly deposit of Kes. 5,000
  • Ability to join as a community/join community.
  • Access credit of up to 5X of savings
  • Access up to 40K in instant mobile loan
  • 5% annual interest on savings
  • Credit access waiting period-90 days
  • Maximum credit limit-1.5M
  • Maximum savings top up to access credit -50K
  • Registration fees of Ksh. 1,500
  • Self account/ Opt in opening straight through process via mombo app.
  • Minimum monthly deposit of Kes. 10,000
  • Ability to join as a community/join community.
  • Access credit of up to 5X of savings
  • Access up to 70K in instant mobile loan
  • 6% annual interest on savings
  • Credit access waiting period-90 days
  • Maximum credit limit - 3M
  • Maximum savings top up to access credit -100K
  • Registration fees of Ksh. 2,000

Important Membership Benefits

We take care of our members, offering a variety of different rewards and benefits just for being part of Mombo Sacco.

  • All your savings with Mombo Saccoare insured against death and permanent disability.
  • You can upgrade or downgrade your savings category at anytime you choose unless you have an active loan facility.
  • The Mombosimple loan app includes a secure chat platform, so you can interact safely within the community and keep up to date with fellow friends, family and Mombo members. Admins can also broadcast messages to the entire community via the chat platform.
  • For every friend you refer to become a member, you’ll receive a small token. Your referral fee payable as follows: 50/- for Bronze, 100/- for Silver, 200/- for gold and 400/- for platinum.
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How Do Communities work?

Being a Mombo Sacco member means being part of a community, it means working towards goals with others. You can choose the Mombo community you want to be part of and leave whenever you like. As you progress through the Saver levels, you’ll have the chance to work with other members to help your savings grow further.

  • Form communities with up to 50 other members. Within this community, you can appoint a delegate who can communicate your thoughts and suggestions to the Board of Directors.
  • Your chosen community will help you to interact with others, making peer loan guaranteeing much easier for everyone.
  • As a community, you can also set a group savings target and project targets. For example, set up a community with your entire family to create a group saving pot for a new house or anniversary celebration.
  • Any member from any savings category can join a community and exit at any time they like – you aren’t tied down and can be as individualistic or community-focused as you prefer.

At Mombo Sacco, we also guide our members with developing business plans, offering free financial consultancy services, and often giving tailor-made educational courses to help your group as a whole save more effectively.

Download the Mombo App Now

To become a Mombo Sacco member, download the app today. Once you sign up, you’ll have access to all the Mombo membership benefits and become a part of the savings community. Membership to Mombo Sacco is more than just saving and borrowing.

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