Download Our membership application form

How can one join Mombasa Port Sacco?

  • Membership is open to the following:
    • Institutions/Companies/Organizations.
    • Individuals
    • Business Persons
    • Salaried persons.
    • Co-operative Societies.
    • Youth, Self-help, welfare and investment groups.

Has the Sacco opened its common bond?

Other than KPA employees, the Sacco has opened its common band and now admits salaried persons, business people, individuals, retirees and groups.

How do I become a member of Mombasa Port Sacco?

  • Fill in a membership application form that can be down loaded from our website or obtained from our offices or from delegates.
  • Copy of the National ID card, latest pay slip, one coloured passport photo and copy of KRA PIN.
  • Entry fee is Ksh.500
  • Minimum monthly deposit of Ksh.1000.
  • 600 for Sacco - link ATM (subject to review from time to time)
  • Minimum share capital is Ksh.40,000 (by 2023)

What are the benefits of being a member of Mombasa Port Sacco?

  • Attractive dividends on shares and interest on deposits
  • Saving enables one to put aside reserves for his/her future and qualify for bigger loans.
  • High savings need fewer/no guarantors to secure loans.
  • Faster loan turn-around time
  • No loan processing charges
  • Affordable loan interest rates

What is share capital?

  • This is the money invested in the Sacco by the members. It is a long-term source of finance and it represents a unit of ownership. All Saccos are required by law to have minimum share capital. In Mombasa Port Sacco the minimum is Ksh.40,000. (by 2023)
  • This fund is used to cushion against any loss that may be incurred by the Sacco in the future and therefore cannot be withdrawn but is transferable when membership ceases

What are deposits?

  • This is monthly savings made to the Sacco by the members and is non- withdrawable except in complete termination of membership or upon death.
  • Deposits act as loan security.

When does a member become eligible for a loan?

  •  A member becomes eligible after a membership period of six months and has met the minimum share capital requirement.

What should one have when applying for a loan?

  • Fully completed loan application form
  • Sufficient number of guarantors/security (depends on loan type applied).
  • Employee’s latest pay slip or 6 months bank statement (proof/ show of income)
  • A copy National ID.

How long will my loan take before disbursement?

Other than the mobile based loans that are disbursed instantly, all the others are disbursed on demand.

How does the 2/3 Rule work?

While granting loans, the members’ Gross Salary is considered and the Sacco is expected to utilize a maximum of 2/3rd of the gross salary after the deduction of the statutory deductions such as PAYE,NSSF,NHIF,HELB etc thereby leaving the member with a take home pay of not less than 1/3rd.

What is the reason for rejecting my loan?

  • A loan can be rejected on the following grounds;
  • Inconsistency in deposit contributions
  • Inadequate guarantors
  • The form is not duly completed
  • Key documents like ID, certified pay slips, PIN, direct debit/standing order instructions etc have not been attached
  • The member deposits are insufficient to support an additional loan
  • Having arrears on other loan products
  • Poor repayment history
  • Presentation of forged documents amongst others

What are the available channels for loan repayment/deposit payments?

  • Through the check off system – deduction by the employer
  • Bank standing order
  • Direct debit
  • Cash payments through the FOSA or the Sacco’s bank account at the Cooperative bank
  • MPESA Pay bill Number 854845

Can I pay extra amounts outside payroll?

You can pay extra contributions/loan repayments using Mobile banking by dialling *346#/ MPESA pay bill number or bank deposit.

Can I boost my share and take a loan immediately?

 You can boost your deposits at any time. However, you will have to wait for three months before using them as loan security.

Can I offset my deposits against my loan?

One can only offset his deposits against his loan if he is withdrawing from the Sacco. He/she must then pay off the loan balance if any. Off sets are only permissible when a member has asked those, he/she guaranteed loans to seek for alternative guarantors.

Who is a nominee?

  • A nominee is the person nominated by a member to receive the proceeds of any payable funds upon the death of the member
  • All members are required to provide details of nominee(s) upon registration as members.
  • One can change and/or update his/her nominee information as when need be.

How does the Sacco Insurance work?

The Sacco has insured members’ deposits and loans. The insurance benefits are as below:

In the unfortunate death of a member the insurance covers the following:

  • 50,000.00 is paid to the next of kin for burial expenses
  • The deceased member’s outstanding loans are cleared if they were in performing status
  • Two times the members deposits are paid to the nominee(s)

When a member has total and permanently disability

  • All Outstanding loan(s) is/are cleared by the insurance if they were in performing status
  • Deposits & other savings refunded on request

What is FOSA?

FOSA (Front Office Services Activity) is a SACCO product that offers basic banking services similar to those offered by commercial banks. However, FOSA is not a clearing agent with Central Bank of Kenya (CBK) and therefore clears cheques through other commercial banks

Who qualifies to open a FOSA Account?

All SACCO members who are registered as per the Sacco by laws.

What are the benefits of FOSA?

Some of the benefits include:

  • Enjoy affordable banking services at your convenience.
  • Efficiency in the disbursement of loans
  • Obtain short-term credits facilities with favourable conditions.
  • Savings accounts
  • Salary processing
  • Short- and long-term deposit accounts
  • Members can access their funds 24/7 by use of the Mobile banking and the Sacco link ATM card

What is the difference between FOSA and BOSA savings?

 FOSA savings can be withdrawn over the counter (this is a banking facility). BOSA savings are monthly Sacco remittance and can only be withdrawn upon retiring from Sacco membership. FOSA savings can be used to offset BOSA loans or boost BOSA savings. BOSA savings cannot be used to offset loans unless upon default. FOSA is an innovative product to enhance the members’ convenience.

What benefits do members stand to gain on their FOSA savings?

  • Security for future financial needs,
  • High savings qualifies member for higher loan advancements,
  • High savings result in high interest earnings.
  • High savings strengthens the SACCO’s lending capacity,
  • High savings guarantees a member a comfortable retirement.

How can I make payments /deposits to the FOSA?

 The Sacco offers the following modes of payments;

  • MPESA via pay bill number 854845- the a/c number is your membership number
  • By use of your Saccolink ATM card at COOPBANK outlets- Coop Kwa Jirani
  • Making direct deposits at our FOSA banking hall.

How can I acquire a SACCOLink VISA ATMs Card?

All FOSA patrons will be given VISA branded ATM cards which allows for 24hrs banking at any Coop bank or any VISA branded ATM worldwide. Sacco link card can also be used for paying for goods and services at point of sale, settling hospital bills, hotel expenses, fuel etc.

Can the Sacco buy my loans from another financial Institution?

The Sacco can buy your loans from any financial institution as long as you

  • Provide a current loan statement and that
  • You qualify for the loan requested.

Is the Sacco regulated?

Mombasa Port is a deposit taking Sacco and is regulated by Sacco Societies Regulatory Authority (SASRA).

What is the difference between FOSA shares and BOSA shares?

While BOSA shares are used as security for BOSA loans, FOSA Share are used as secure for FOSA Loans.

Is a member allowed to have more than one account?

A member can have more than one account as long as the accounts are serviced from different sources of income. For example, salary and business income.

Does the Sacco have a 24hr response line?

The Sacco does not have a 24/7 customer service centre. However, you may reach us by phone during the official working hours.

As a member, should I always visit the Sacco to access services like loan application?

You don’t necessarily have to visit the Sacco offices to access our services. You can down load all the forms including loan forms from our website, fill, scan and send via email. We also have a robust web portal from where you can get information related to your account.



  • Kenya port authority
  • Sasra
  • Kuscco
  • Sidian-Bank
  • citi bank
  • family-bank
  • cic
  • coreTec

Get In Touch



9:00am – 12:00pm


Feedback Form


Copyright © 2020 Mombasa Port Sacco. All Rights Reserved.