What is M-Sacco
M-Sacco is the most convenient and effective solution for Ushuru Sacco to provide mobile financial services to its members. With M-Sacco, members can withdraw money from investment savings,make payments to various Sacco products (Loans, Share Deposits & Investment) and loans not exceeding Kshs.70,000 can be paid through M-Sacco.
Features of M-Sacco
- Investment Savings withdrawal
- Sacoo Balance inquiry
- M-Sacco balance inquiry
- M-Poa Loan Access
- Sacco payments(Loans,Deposits & Investment)
- Information - Loans guaranteed and next of kin info
How to Register
You need to register your safaricom M-Pesa mobile line by completing M-Sacco Mobile Banking application form available at any Ushuru Sacco Branch or download from our web site www.ushurusacco.com in order to have an M-Sacco Account
How to use M-Sacco
M-Sacco is accessed using a mobile phone registered with M-Pesa by simply dialing *346#. This allows registered members to select their preferred service from the M-Sacco mobile menu. M-Sacco mobile menu is designed to display with any phone.
How to make a deposit from MPESA to Various products
Payments to the society via MPESA has now been simplified. To pay for any product, load money to your MPESA, go to paybill, enter Business No. 892800 and account No being your National ID NO. followed by a shortcode where
I - Investment Savings
M - Mpoa loan
D - Share deposits
R - Refinance loan
N - Main loan
E - Emergency loan
S - School fees loan.
Example Account No. 21222155M - money goes directly to your MPoa loan.
For help call 0202719660
M-PESA CHARGES FOR DEPOSIT
Lower Limit Upper Limit Charges 0.00 900.00 10.00 1,000.00 2,499.00 10.00 2,500.00 4,999.00 10.00 5,000.00 9,999.00 10.00 10,000.00 19,999.00 10.00 20,000.00 34,999.00 10.00 35,000.00 49,999.00 10.00 50,000.00 70,000.00 10.00
M-PESA CHARGES FOR WITHDRAWAL
Lower Limit Upper Limit Charges 0.00 1,000.00 73.00 1,001.00 5,000.00 83.00 5,001.00 10,000.00 93.00 10,001.00 20,000.00 103.00 20,001.00 30,000.00 113.00 30,001.00 40,000.00 123.00 40,001.00 50,000.00
50,001.00 60,000.00 143.00 60,001.00 70,000.00 153.00