Wateule Marurui Sacco
ACK St. Barnabas Marurui — the savings and credit co-operative for our community.
Wateule Marurui Sacco
Celebrating a Decade of Growth, Unity and Financial Empowerment!
Motto: Saving Together, Growing Together.
Welfare for Social Empowerment
Our welfare initiative promotes social empowerment by standing with our members and community during difficult seasons. We support and stand with grieving families and those who are sick, strengthening the spirit of care, compassion and togetherness within our community.
About Wateule Marurui Sacco
Wateule Marurui Sacco was established in 2015 to empower members through savings and accessible loans. The Sacco is open to all individuals and has its registered office at ACK St. Barnabas Church in Marurui, Nairobi.
The Sacco is a member-based and controlled savings and credit co-operative society of the Anglican Church of Kenya, St. Barnabas Marurui, which exists to provide financial services to its members.
To be a trusted SACCO empowering members through sustainable savings, affordable credit, and cooperative unity for better livelihoods.
To promote a saving culture by offering accessible financial services, encouraging thrift, responsible credit use, and shared prosperity among members.
Core Values
Our Objectives
Encourage Savings
Enable members to accumulate savings and access fair loans for productive and provident purposes.
Empower Growth
Provide innovative and member-focused financial solutions that strengthen economic stability.
Educate Members
Foster financial literacy, responsible credit use, and cooperative values through continuous learning.
Foster Cooperation
Strengthen partnerships with other cooperatives and national bodies to advance members' interests.
Membership Requirements
An individual becomes a member upon application and payment of:
- A non-refundable entrance fee of KSh 1,000.
- A minimum of 100 shares at KSh 20 per share, totalling KSh 2,000.
Entrance fee (non-refundable): KSh 1,000 | Minimum shares: 100 × KSh 20 = KSh 2,000.
Save Every Month
Every active member is required to contribute a minimum of KSh 1,000 every month, as outlined in the SACCO by-laws.
Loan Facilities and Conditions
Wateule Marurui Sacco offers accessible credit to members who save consistently. The key terms are:
- An active member qualifies for a loan after consistently saving for six months.
- An active member may qualify for a loan of up to three times their savings, secured by guarantors of an equal amount.
- The loan repayment period ranges from 6 months to 3 years.
- An active member may take a self-guaranteed loan equivalent to 80% of their savings.
- All loans accrue interest at 1% per month on a reducing balance.
- A KSh 500 appraisal fee applies to loans from KSh 0 to KSh 25,000.
- Loans above KSh 25,000 attract a 2% appraisal fee, subject to a maximum appraisal fee of KSh 5,000 per loan.
- Members with loans are required to insure their loans at prevailing market rates.
Dividends and Interest on Savings
- Active members qualify for dividends on shares and interest on their savings as agreed upon during the SACCO Annual General Meeting (AGM).
- Dormant members do not qualify for interest on savings or dividends on shares.
Our Sacco brings members together around one simple, powerful habit: saving together so that we can borrow to meet our needs and grow our shared resources. Every member who saves faithfully strengthens not only their own future but the whole community of members depending on the pool to solve immediate needs.
We encourage every member — wherever you are on your financial journey — to save consistently, borrow responsibly, and repay faithfully. Discipline and accountability protect the fund we all rely on and build the trust that keeps our Sacco healthy and growing.
An earnings figure, the current share-par-value and membership requirements are updated by the management committee — please contact the Sacco office for up-to-date details and joining instructions.
SACCO Payment Details
Use the details below to send your savings, registration fee, loan repayments or share contributions.
A. Co-operative Bank
B. M-PESA Paybill
Members are required to make a direct deposit to the SACCO bank account and forward their payment message or proof of payment to the SACCO office number for an updated statement.
Payment confirmation contact: 0797 561 860
Sacco Contacts
Wateule Marurui Sacco FAQ
Who can join Wateule Marurui Sacco?
Membership is open to all individuals. Wateule Marurui Sacco was established in 2015 and is open to anyone who wishes to save and access affordable credit together with fellow members.
What is needed to become a member?
An individual becomes a member upon application and payment of a non-refundable entrance fee of KSh 1,000 plus a minimum of 100 shares at KSh 20 per share, totalling KSh 2,000.
How does saving and borrowing work?
Every active member is required to contribute a minimum of KSh 1,000 every month, as outlined in the SACCO by-laws. An active member qualifies for a loan after consistently saving for six months, up to three times their savings (or a self-guaranteed loan of up to 80% of savings). Loans run from 6 months to 3 years and accrue interest at 1% per month on a reducing balance.
How do I make enquiries?
Use the Contact Us form on this website to send an enquiry, or call the church, and the team will connect you with the Sacco leadership.
Is my savings safe with the Sacco?
The Sacco is governed by its members through an elected management committee and operates under the co-operative regulations that guide such societies in Kenya. For reassurance on specifics, please speak with the committee directly.