• United Winners Sacco 4th floor, P.C.E.A. Umoja Church. Tel: +254 (0) 709 453 000 /+ 254 (0) 721 516 546

Bima Loan

  • This product is meant to finance insurance premiums for members such as Health, Motor Vehicle, Motor Cycle, House hold property, Buildings and Business stocks.
  • Approval process takes up to 12 working hours
  • This product attracts an interest rate of 0.5% p.m on reducing balance.
  • The loan is guaranteed by member’s deposits
  • Maximum repayment period is up to 12 months
  • Maximum amount is limited by the premium due


  1. A duly completed loan application form
  2. Processing fee is Ksh.500
  3. Interest of 0.5% p.m. on reducing balance
  4. Any member with an active loan can apply for this loan if their outstanding loan is less
    than their savings
  5. Attach a copy of certified insurance premium
  6. A copy of the ID of the applicant







Important to Note

  • This loan is granted by the society and is only
    guaranteed by the member’s deposits. No
    guarantors or collateral is required.
  • The applicant is required to be an active Sacco
    member for a minimum of 6 months
  • The applicant is expected to make the
    required monthly contribution even as he/she
    is servicing the loan.
  • The member’s credit history is a major
    determinant for this and future loans.
  • Cheque issued will be in favour of insurance

Loan repayment options

Mode of loan repayment is through:

  1. Check off - by employer
  2. Standing Order – from Members Bank account to Sacco Bank Account
  3. Mpesa – to the Sacco paybill number
  4. DigiPesa – from Members Mpesa Directly to members Sacco Account
  5. Direct deposit – to Sacco Bank Account through any Coop bank Branch or Coop kwa Jirani Agent
  6. Direct debit – Sacco Bank collects from Member’s banks accounts.
  7. Money transfers – RTGS, SWIFT, PoaPay, Wave, SimbaPay, JamboGlobal, UAEXchange, Western Union , MoneyGram

Our Sacco aims to meet the financial needs of its members by encouraging them to save regularly and to borrow wisely for their development projects

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