Dial *347# to enjoy our M-Banking services on your phone.
FAQs
Frequently asked questions
You can learn more from our frequently asked questions
1. Membership
Who is eligible to join Univision Sacco, and what are the requirements?
Membership is open to:
Primary and secondary school teachers (retired or in service)
Government employees (both county and national)
Employees of teacher-affiliated organizations like KNUT
Retirees
Business community members
Microcredit and welfare groups
NGOs
Requirements for salaried individuals include: Must be 18 years and above
Filled membership application form
Copy of National ID or Passport
Entrance fee: KSh 1,000
Minimum account balance: KSh 1,000
Declaration of monthly share contribution
Requirements for salaried individuals include:
What are the benefits of being a member of Univision Sacco?
What is the difference between Share Capital and Deposits?
Share capital:
This is the permanent member contribution that represents your ownership in the Sacco. It is not withdrawable and earns dividends annually.
Deposits:
These are monthly savings that qualify you for loan eligibility. They are refundable upon withdrawal from the Sacco and also earn interest annually.
This is the permanent member contribution that represents your ownership in the Sacco. It is not withdrawable and earns dividends annually.
Deposits:
These are monthly savings that qualify you for loan eligibility. They are refundable upon withdrawal from the Sacco and also earn interest annually.
Is the Share Capital refundable?
No. Share capital is not refundable as it represents ownership in the Sacco. However, it can be transferred to another.
Can I withdraw part of my shares/deposits or offset an outstanding loan using my deposits and continue being a member?
Share Capital: Cannot be withdrawn partially.
Deposits: You can offset an outstanding loan using your BOSA deposits. However, once used for offset, your Sacco membership will be reviewed, and in most cases, you may need to reapply if you wish to continue being a member.
Deposits: You can offset an outstanding loan using your BOSA deposits. However, once used for offset, your Sacco membership will be reviewed, and in most cases, you may need to reapply if you wish to continue being a member.
How do I make my monthly contributions?
2. Loan Eligibility
When do I become eligible for a loan at Univision Sacco?
You are eligible for a loan once you:
Have been an active member for at least three (3) months
Have made consistent monthly BOSA deposits
Meet the minimum deposit multiplier required for the loan product
Have provided sufficient security (guarantors, own deposits, or other accepted securities)
Have your salary or business income channeled through Univision Sacco (for FOSA-based loans)
What determines the loan amount I can qualify for?
Your loan eligibility is based on:
Your BOSA deposit multiplier (ranges from 2x to 6x depending on the loan product)
Your ability to repay (subject to the 1/3 salary rule for salaried members)
Type of loan product (e.g., Normal Loan, Premier Loan, SME Loan)
Security provided (guarantors, own deposits, title deeds, logbooks, etc.)
Credit history and compliance with Sacco loan repayment policies
What are the key loan types and their multipliers?
What forms of security are accepted for loans?
Can I get a loan if I’m self-employed or a business owner?
Yes. Univision Sacco offers SME and Microcredit loan products tailored for business owners. You must:
Be a registered business owner
Have saved for at least 3 months
Provide a business permit, KRA PIN, and business registration
Channel part of your income through your Sacco account
