BOSA Savings

“Small steps. Big financial growth.”

Member Deposits make saving easy, consistent, and rewarding for every member.

Tunakuza Utajiri Wako.

Key Features

• Earn annual interest on deposited amounts.
• Qualify for annual rebates as declared by the SACCO.
• Serve as a basis for loan eligibility, allowing members to access loans of up to 3 times, 4 times, or 5 times their deposits, subject to the applicable loan product and lending policy.
• Can be used as security to guarantee loans for other members.
• May also be used for self-guarantee where permitted under the SACCO’s lending policies.

Benefits

• Encourage long-term savings and financial discipline.
• Increase access to affordable credit facilities.
• Generate returns through interest and rebates.
• Provide financial security and support for members and fellow SACCO members.

How to Make Member Deposits

Members can make deposits into their SACCO account through any of the following convenient channels:

• Employer Check-Off – Monthly deductions made directly from the member’s salary and remitted to the SACCO by the employer.
• Direct Deposits / Over-the-Counter (OTC) – Cash or cheque deposits made directly at SACCO offices or designated banking halls.
• Mobile Banking – Through the Spot Cash App, Pesa Pepe App, or USSD codes *645# and *879#.
• Paybill Number 129104 – Deposit funds conveniently via M-Pesa.
• Direct Debit – Authorize your bank to automatically transfer funds from your account to your SACCO account.
• Standing Order – Set up a standing order with your bank to transfer a fixed amount periodically (e.g., monthly) directly to your SACCO account.

These channels provide members with flexible and secure options for growing their deposits and maintaining their savings goals.