Mombo Sacco Savings Account.

Posted on January 12, 2018 | By Manager Mombo Sacco Savings Account.

Experience endless possibilities with Mombo Sacco.Unlike many other savings accounts in Kenya, Mombo Sacco savings account is simple. Our focus is purely on providing savers with real and predictable value for money. We take care of all process, costs and risk management meaning that any savings with us is without hassle and its fee free too.

How to open a savings account

  • 1) You can make a request to open a Mombo Sacco savings account from your smartphone, tablet or laptop anytime of the day via the Mombo App or the Mombo web portal.
  • 2) We use a series of advanced checks to ensure people admitted to our membership are creditworthy and of integrity. Therefore,membership requests can take a minimum of 4 hours to a maximum of 3 working days to be processed.
  • 3) There’s a minimum monthly contribution of kshs. 3,000 into your Mombo Sacco savings account. Your savings will attract an interest of 6% per annum throughout the lifetime of your membership.You can access your accrued interest twice every year – January and July.
  • 4) Your savings account will enable you to access up to 5 times your savings in loan facilities at affordable rates of 12% per annum.

How to access my Mombo Sacco savings?

  • 1) You can easily access your savings in the course of your membership through our affordable loan facilities – your access is open to up to five-fold your savings. The process is simple and completely digital. Turn-around time is between 15 minutes to a week.
  • 2) In case you are looking to withdraw your membership and as a result recoup all your contributions and interest accrued; you will be required to give a 60-day notice of your intent to withdraw.After which, Mombo Sacco will pay back your contributions and interest less any liabilities.

Enroll with Mombo App today and open your Mombo Sacco savings account.