Save regularly, borrow wisely, repay promptly.
Wakarimu Sacco has helped members across Nakuru, Molo and the wider Rift Valley build savings and access affordable credit for more than three decades.
37+
Years serving members
3×
Borrow up to 3× your deposits
1.25%
From, per month reducing balance
Self Respect, Honesty & Integrity
Our creed, and the standard we hold ourselves to.
- Joining fee
- KES 1,000
- Minimum monthly
- KES 1,000
- Share capital
- KES 10,000
Who we serve
A Sacco built for the way our members earn
Whether your income arrives as a salary, a harvest or a day's takings, there is a place for you at Wakarimu.
Employees
Salaried workers in the public and private sector, contributing by check-off or standing order.
Business Owners
Traders, shopkeepers and entrepreneurs saving from business income.
Farmers
Smallholder and commercial farmers across our operating zones.
Youth
Young people starting out, including junior accounts opened on their behalf.
Groups
Chamas, self-help groups, welfare groups and registered corporate bodies.
Savings
Your savings are your borrowing power
Every shilling you contribute builds both your dividend and the amount you can borrow.
Share Capital
Your ownership stake in the Sacco.
Every member buys a minimum of 500 shares at KES 20 each — a total of KES 10,000. Shares are not withdrawable while you remain a member, and they earn a dividend each year at a rate determined by the Sacco's performance and approved at the AGM.
- Minimum 500 shares at KES 20 each
- Minimum share capital of KES 10,000
- Earns an annual dividend approved at the AGM
- Represents your ownership and your vote
Monthly Deposits
The savings that determine what you can borrow.
The minimum monthly contribution is KES 1,000, plus a KES 50 insurance premium. Your accumulated deposits are the basis of your loan entitlement — most loans are granted up to three times your deposits.
- Minimum KES 1,000 per month
- KES 50 monthly insurance premium
- Higher minimums apply while servicing a loan
- Directly determines your loan entitlement
Boosted Deposits
Top up beyond your regular contribution.
You may deposit more than your regular monthly contribution at any time. Note that amounts boosted outside the regular contribution are considered for loan eligibility only after six months.
- Top up any time, above the minimum
- Counts towards eligibility after six months
- Grows both your dividends and your borrowing power
Loans
Credit priced on a reducing balance
Interest runs from 1.25% to 1.5% per month on the balance outstanding, so you never pay interest on money you have already repaid.
Normal / Development Loan
The general-purpose loan for land, building, home improvement and long-term personal projects.
- Limit
- Up to 3× your deposits
- Term
- Up to 36 months
Emergency Loan
For urgent, unforeseen needs such as medical bills, funerals and other genuine emergencies.
- Limit
- Up to 3× your deposits
- Term
- 12 months or less
School Fees Loan
For primary and secondary school fees, processed in line with the school calendar.
- Limit
- Up to 3× your deposits
- Term
- Within the same calendar year
Express Loan
A fast, salary-based advance for members in formal employment who need money quickly.
- Limit
- Based on net salary
- Term
- Within the calendar year granted
Business Loan
Working capital and expansion finance for traders, shopkeepers and other businesses.
- Limit
- Up to 3× your deposits
- Term
- Up to 36 months
Product / Asset Loan
Asset financing for equipment, stock, farm inputs and other productive purchases.
- Limit
- Up to 3× your deposits
- Term
- Up to 36 months
Why join
Membership that works for you
Wakarimu is owned by its members. The returns come back to you, and so does the decision-making.
Affordable loans
Competitive credit priced on a reducing balance, so you only pay interest on what you still owe.
A savings habit that sticks
Regular monthly contributions build deposits that become your borrowing power.
Competitive dividends
Returns on your shares and deposits, declared each year at the Annual General Meeting.
Business growth support
Financing to start, stock or expand a business, appraised on your real cash flow.
A voice in the Sacco
One member, one vote — you elect the leadership and approve the accounts.
Financial guidance
Practical advice on saving, borrowing responsibly and planning ahead.
Getting started
Joining takes six straightforward steps
Most applications are completed in a single visit to either of our offices.
Complete the membership form
Pick up a form at either office or download it from this site, then fill in your personal, employment or business details.
Attach your documents
A copy of your National ID or passport, a passport photograph, and your employer's recommendation where applicable.
Get two referees
Two existing members in good standing sign your form and confirm your zone and centre.
Pay the joining fee and first deposit
Pay the KES 1,000 registration fee and begin your monthly contributions.
Nominate your beneficiaries
Complete the Nominee Declaration Form so your deposits pass directly to the people you choose.
Start saving
Your membership number is issued on approval, and you begin building towards your first loan.
Opening hours
- Monday – Friday
- 8:30 am – 5:00 pm
- Saturday
- 9:00 am – 1:00 pm
- Sunday & Public Holidays
- Closed
Questions?
Our team is happy to talk you through membership, savings or a loan application.
Contact us