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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.
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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

3rd Digital Tech Excellence Awards

MOMBO Sacco was recognized and awarded the Most Improved Sacco in the use of Tech Solutions.

November 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.

July 2020

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

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.

April 2020

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

Taking care of business

We supercharged our loans to Ksh 5,000,000 limit.

December 2019

Digital Tech Excellence Awards

MOMBO Sacco was recognized and awarded the Best Sacco in Mobile banking and digital finance.

November 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.

May 2019

1st Annual Financial Inclusion Awards

MOMBO Sacco was recognized and awarded the Most Preferred Digital Finance Sacco in Kenya.

August 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.

April 2018

A Million Loan

We issue our first a Million loan!

February 2017

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

A boost for Borrowing

Loans finally land.

January 2016

A Million Savings

We hit a Million shillings savings!

December 2015

Office Launch

MOMBO Sacco officially launches its office at Landmark Plaza along Argwings Kodhek road, Nairobi Kenya.

November 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!

May 2015

A Sacco License

Our Non- deposit taking Sacco license is officially issued.

February 2015

Wheels in Motion

The team grows, and the first prototypes of MOMBO App begin to take shape

August 2014

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

Be Part of Our MOMBO Tribe

Download the MOMBO App and experience endless possibilities.

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