Kings Sacco · Member Guide
Save. Borrow.
Earn Together.
Everything you need to know about K-SACCO — how it works, what's in it for you, and answers to the questions members ask most.
↓ scroll to exploreGetting Started
3 steps to begin
1
Register on the platform
2
Make your first deposit
3
Join the WhatsApp group via inbox link
Your Deposits
Where your money goes
Active Balance
Withdraw anytime, use for loans & guarantees
80%
BOSA Savings
Locked 1 year — builds discipline & secures loans
16.4%
Deposit Fee
Supports platform operations
3.6%
Loans at a Glance
Simple & accessible credit
2×
Borrow up to 2× your active balance
30
Days to repay
10%
Interest rate for 30 days
+10%
Penalty if you pay late
Why It's Different
You earn either way
Earn by guaranteeing loans
Back a member's loan with your active balance and receive 50% of the interest — shared among guarantors.
Borrowers get a reward too
When you repay your loan, 10% of the interest you paid comes back to you.
Guarantors never lose money
Defaults are recovered from the borrower's own balances first. Your money is only locked, never lost.
Your reputation earns you access
Repay on time, build your star rating, and the community will back you when you need it most.
Frequently Asked Questions
Find your answer
K-SACCO is a digital platform where members can save money, take loans, and earn by guaranteeing loans for others. It's built on trust, discipline, and community — so every member grows together.
Register on the platform, make your first deposit, then join the WhatsApp group using the link sent to your app inbox.
Every deposit is automatically split:
- 80% goes to your Active Balance — available anytime
- 16.4% goes to BOSA Savings — locked for 1 year
- 3.6% is a deposit fee for platform operations
Yes — your active balance (80% of deposits) can be withdrawn instantly through the app. Your BOSA savings are locked for one year to encourage disciplined saving.
You can borrow up to 2× your active balance. For example, if your active balance is KES 5,000 you can apply for a loan of up to KES 10,000.
30 days from the date the loan is approved.
10% for 30 days. If you don't repay in time, an extra 10% is added as a penalty — bringing the total to 20% of the loan principal.
Yes. When you repay your loan, you receive back 10% of the interest you paid. So borrowing responsibly actually puts money back in your pocket.
You use part of your active balance to support another member's loan request. Your funds are temporarily locked during the loan period and returned once the borrower repays.
No. Your money is only locked temporarily while the loan is active. It is returned in full after repayment. You never lose your principal.
50% of the loan interest is shared among all guarantors — proportional to how much each person guaranteed. The more you back, the more you earn.
The system recovers the outstanding amount in this order:
- First from the borrower's active balance
- Then from the borrower's BOSA savings
No. Every loan is fully backed by the borrower's own active balance and BOSA savings. The system cannot release more than what is already secured within the platform.
The WhatsApp group is where the community lives. Members use it to:
- Request guarantors for their loans
- Ask questions and get quick answers
- Share updates and announcements
- Build trust among fellow members
Your repayment history and star rating. Members who repay on time build a strong reputation and find it much easier to attract guarantors for future loans.
Every deposit is automatically split:
- 80% goes to your Active Balance — available anytime
- 16.4% goes to BOSA Savings — locked for 1 year
- 3.6% is a deposit fee for platform operations
Yes — your active balance can be withdrawn instantly through the app. BOSA savings are locked for one year from deposit date.
Up to 2× your active balance.
30 days from loan approval.
10% for 30 days. An extra 10% is added as a penalty if you repay late.
Yes — you receive 10% of the interest you paid back when you repay on time.
You support another member's loan using your active balance. It is locked temporarily and returned once the borrower repays.
No. Your money is only locked, never lost. It is returned in full after repayment.
You receive a share of 50% of the loan interest, based on how much you guaranteed. More backing = more earnings.
Recovery is taken in this order:
- Borrower's active balance
- Borrower's BOSA savings
No. Loans are backed by the borrower's own active balance and BOSA savings. The system cannot release unsecured funds.
The group is where the community connects. Members use it to:
- Request guarantors for loans
- Ask questions and get quick answers
- Share updates and build trust
Your repayment history and star rating. Pay on time, earn trust, and the community will back you when you need it.