Our Story
The Road to MOMBO Sacco
We believe in transparency, fairness and inclusion. This means no hidden or rip-off fees and no hard sell. It also means listening to our customers.
Follow Mombo Sacco's
Journey.
The idea for Mombo Sacco was hatched in 2014 when a group of entrepreneurs envisioned a different kind of Sacco. A Sacco that respected and embraced the technological changes in the financial services sector occurring at that time.
We’ve already come a long way. Our continued fintech innovation drives MOMBO Sacco forward and bridges the gap between the customer, their finances, and technology.
As we now tie our own history to the history of fintech and the evolution of mobile banking, our journey is far from over.
100% growth rate
Our Covid-19 pandemic survival strategies bore fruits enabling the Sacco experience over 100% growth rate in both its membership, savings book and loan book, with a 2.36% NPL.
December 2020
July 2020
Motorbike Asset Finance
We financed our 1st motorbike purchase from Toyota Kenya at 115%. The financing covers the purchase cost, Insurance premium as well as future incidentals. The member’s means of transport changes from trekking to work to travelling on wheels.
3rd Digital Tech Excellence Awards
Mombo Sacco was recognized and awarded the Most Improved Sacco in the use of Tech Solutions.
November 2020
July 2020
Motorbike Asset Finance
We financed our 1st motorbike purchase from Toyota Kenya at 115%. The financing covers the purchase cost, Insurance premium as well as future incidentals. The member’s means of transport changes from trekking to work to travelling on wheels.
Matatu Asset Finance
We financed our first 14 seater matatu purchase. This is adds to his existing fleet of 3 matatus. MOMBO Sacco is all about endless possibilities even during Covid-19 pandemic.
May 2020
April 2020
MOMBO Sacco Annual Top Savers Awards
MOMBO Sacco Board of Directors resolved to award the strength and resilience of its members during these trying times through the Annual Top Savers Awards.
Helping Kenya stay home
We switched to remote working as Kenya went into lockdown in March 2020 during the coronavirus pandemic. To support customers struggling as a result of the pandemic we introduced loan moratoriums of up to 8 months, temporary savings accounts downgrades and gave out more loans to cushion customers.
March 2020
December 2019
Taking care of business
We supercharged our loans to Ksh 5,000,000 limit.
Digital Tech Excellence Awards
MOMBO Sacco was recognized and awarded the Best Sacco in Mobile banking and digital finance.
November 2019
May 2019
First Annual General Meeting
We introduced four new savings accounts – Bronze, Silver, Gold and Platinum to serve the whole community. We further reviewed the minimum share capital from Ksh 10,000 to Ksh 20,000 to align our capital adequacy to the SASRA threshold during the First Annual General Meeting held the Tamarind Tree Hotel, Nairobi Kenya.
1st Annual Financial Inclusion Awards
MOMBO Sacco was recognized and awarded the Most Preferred Digital Finance Sacco in Kenya.
August 2018
April 2018
First General Meeting
Members ratified the founding members of the Board of Directors at the First General Meeting held at the Crowne Plaza Hotel, Nairobi Kenya.
Car Asset Finance.
We financed our 1st car purchase at 115%. The financing covers the purchase cost, Insurance premium and other incidentals. We are thankful and excited to enable our member in attaining her first car at 29 years of age.
March 2017
February 2017
A Million Loan
We issue our first a Million loan!
A boost for Borrowing
Loans finally land.
January 2016
December 2015
Mombo App Launches
It’s a big moment for Mombo Sacco as our app finally launches and, in the process, becomes Kenya’s first app based digital Sacco!
Office Launch
MOMBO Sacco officially launches its office at Landmark Plaza along Argwings Kodhek road, Nairobi Kenya.
November 2015
May 2015
Mombo App Launches
It’s a big moment for Mombo Sacco as our app finally launches and, in the process, becomes Kenya’s first app based digital Sacco!
A Sacco License
Our Non- deposit taking Sacco license is officially issued.
February 2015
August 2014
Wheels in Motion
The team grows, and the first prototypes of MOMBO App begin to take shape
The Spark
Our techprenuer founders saw the potential for a new kind of Sacco and starts to put a team together to build what will later become MOMBO Sacco.
May 2014