Six years ago, Mombo Sacco was founded by a group of entrepreneurs in the fintech space who realized that the Kenyan youth had a financial services problem. Young people were not being given the access they need to the financial products they deserved. It was clear that the youth of Kenya deserved a better shot at building a more secure financial future for themselves and their loved ones, and it was time that someone stepped in and championed change.
2. Mombo Sacco is an award winning app based digital Sacco in Kenya.
ABOUT US
MISSION
STATEMENT
We’re building a digital Sacco that
is actively growing a financially
savvy community and equipping
individuals with the confidence
and currency to arrive at their
aspirations.
3. PRODUCTS &
SERVICES
1. Flexible Savings Account
2. Fixed Savings Account
3. Personal Loans
4. Insurance
5. Sharia - Compliant Product suite
Flexible Saving Account -
Effortless Saving is a real thing
You can’t avoid spending. That’s how you
pay for your needs. But we can help you
save first, then multiply (5X) your
spending power. Just set an amount to
save and watch your spending power
grow with Mombo Sacco.
Monthly minimum saving Ksh 5,000;
Interest 5%; Spending power
limit Ksh 1.5M
GOLD ACCOUNT
monthly minimum saving Ksh 10,000;
Interest 6%; Spending power
limit Ksh 5M
PLATINUM ACCOUNT
BRONZE ACCOUNT
Monthly minimum saving Ksh 2,500;
Interest 4.5%; Spending power
limit Ksh 0.5M
Monthly minimum saving Ksh 500;
Interest 4%; Spending power
limit Ksh 0.1M
SILVER ACCOUNT
SAVING
PLAN
4. Fixed Saving Account -
Stash your money and
watch it grow
Money grows wings fast. Use our fixed s
avings account to lock down lump sums
and get up to 10% interest. Features and
Benefits.
• Minimum deposit of Ksh 50,000
• 3 - 24 months duration
• 48 Hours redemption TAT.
• Quarterly Interest redemption.
• 1% Service Charge Fee
Personal Loans - Always dare
to fulfil your desires on time
We believe that lending is one way to help our customers solve a problem
or achieve a goal. Credit allows growth and we offer this tool as part of
our services as a Sacco, if they believe its the right thing for them 24/7.
Salary Advance Loan -
unsecured;
250k credit limit
Insta Loan - Secured by
Savings and/or Collateral;
5 Million limit
Lifestyle Access Loan -
Secured by Savings and/or
Collateral; 5 Million limit
Asset Finance - Secured
by Asset; 5 Million limit
5. Sharia - Compliant Product Suite
Mombo Sacco’s Sharia-Compliant Product suite offers wealth creation
channels for customers looking for ethical and modern shariah
compliant financial solutions.
Qard - Hasan Share Account
Mudaraba Flexible Saving
Wakala Fixed Saving
Qard - Hasan Share Account
6. WHY MOMBO
SACCO?
Flexibility -
Customer has the freedom to choose
a product of choice and make changes
when circumstances change.
Convenience -
As much as all our transactions
are digital we have a system of
Customer Success Reps who are
responsible for customer’s needs.
Transparency -
No hidden costs, All charges
are clearly stated and documented.
Competitive Returns -
Interest and profit of up to 14% p.a
Safety -
All savings and loans with us are
100% insured.