Looking for a reliable SACCO in Kenya with competitive dividends, affordable loans, and an easy loan application process? Sheria Sacco Society Limited has become one of the most trusted deposit-taking SACCOs in Kenya, offering flexible savings plans, instant mobile loans, and downloadable loan forms for members across the country.
Whether you want to apply for a development loan, emergency loan, salary advance, or access the official Sheria Sacco loan form PDF, this complete guide explains everything you need to know.
What is Sheria Sacco?
Founded in 1972, Sheria Sacco Society Limited is a licensed Deposit-Taking SACCO regulated by the Sacco Societies Regulatory Authority (SASRA).
Although it was initially established for Judiciary employees and legal professionals, Sheria Sacco has expanded and now welcomes all Kenyans, including salaried employees, entrepreneurs, business owners, groups, and diaspora members.
The SACCO operates through two key divisions:
BOSA (Back Office Service Activity)
This section handles:
- Member savings and deposits
- Share capital
- Long-term development loans
- Investment products
FOSA (Front Office Service Activity)
FOSA works like a regular bank and offers:
- Salary accounts
- ATM services
- Mobile banking
- Instant loans
- Money transfers
- M-Pesa integration
Why Many Kenyans Choose Sheria Sacco
Sheria Sacco remains one of the top-performing SACCOs in Kenya because of:
- High annual dividend payouts
- Affordable loan interest rates
- Flexible repayment periods
- Fast loan processing
- Mobile banking services
- Strong financial stability
- Nationwide membership eligibility
Members also benefit from loan products based on their savings multiplier, making it easier to access larger financing over time.
Who Can Join Sheria Sacco?
One of the biggest advantages of Sheria Sacco is that membership is open to the public.
You can join if you are:
- A Judiciary employee or legal professional
- A government worker
- A private sector employee
- Self-employed or a business owner
- A member of a chama or investment group
- A Kenyan living abroad
Sheria Sacco Membership Requirements
To become a member, applicants must:
- Be at least 18 years old
- Have a valid source of income
- Submit the required registration documents
- Pay the membership and registration fees
Sheria Sacco Registration Fees
| Requirement | Amount |
|---|---|
| SACCO Registration Fee | KES 1,000 |
| FOSA Account Opening | KES 500 |
| Burial Benevolent Fund Registration | KES 200 |
| Minimum Share Capital | KES 20,000 |
| Minimum Monthly Contribution | KES 2,200 |
Documents Required to Join Sheria Sacco
Individual Applicants
Applicants need:
- Membership application form
- National ID or Passport copy
- KRA PIN certificate
- Passport photo
- Nominee card
Groups & Chamas
Groups should provide:
- Corporate application form
- Registration certificate
- Group constitution
- Meeting minutes authorizing registration
- IDs and KRA PINs for officials
Sheria Sacco Loan Products
One of the most searched topics online is the Sheria Sacco loan form because the SACCO offers multiple affordable loan products.
Most BOSA loans are calculated using a savings multiplier of up to 3x or 4x your deposits.
1. Development Loan
This is ideal for:
- Construction projects
- Land purchases
- Business expansion
- Asset financing
Features include:
- Flexible repayment period
- Competitive interest rates
- High borrowing limits
2. Emergency Loan
Designed for urgent financial needs such as:
- Medical bills
- Family emergencies
- Unexpected expenses
Emergency loans are processed quickly for qualifying members.
3. Education Loan
This loan helps members pay:
- School fees
- College tuition
- University expenses
It comes with structured repayment plans suitable for parents and guardians.
4. Shamba Loan
The Shamba Loan is suitable for:
- Buying agricultural land
- Farming projects
- Land investment
5. Salary Advance
Available through FOSA, this loan allows salaried members to access short-term cash before payday.
Benefits include:
- Quick approval
- Short repayment period
- Accessible through salary processing accounts
6. Mobile E-Loans
Members can apply instantly using:
- USSD code
- Mobile app
Funds are sent directly to the member’s phone.
Sheria Sacco Loan Form PDF Download
If you want to apply for financing, you must fill out the official Sheria Sacco Loan Application Form.
Download Sheria Sacco Loan Form
- 📥 Loan Application Form PDF
- 📥 Deposit Boosting Loan Form
- 📥 Official Membership Forms
You can access the latest forms through the official website of Sheria Sacco
Important Instructions Before Filling the Loan Form
Before submitting your Sheria Sacco loan form:
- Fill all details in CAPITAL LETTERS
- Avoid cancellations or alterations
- Attach recent payslips or bank statements
- Ensure guarantors can cover the requested loan
- Confirm all signatures are completed correctly
Incomplete forms may delay loan processing.
Sheria Sacco Loan Requirements
To qualify for a loan, members generally need:
- Active SACCO membership
- Regular monthly contributions
- Sufficient deposits
- Qualified guarantors
- Good repayment history
The higher your savings, the larger the loan you may qualify for.
Sheria Sacco Dividends and Interest Rates
Sheria Sacco is widely known for attractive annual returns.
Members earn through:
1. Dividends on Share Capital
Paid annually based on share capital contributions.
2. Interest on Deposits
Members also earn interest on cumulative BOSA savings.
Historically, the SACCO has maintained competitive returns compared to many financial institutions in Kenya.
Sheria Sacco Dividend Advance
Members can also apply for a Dividend Advance before annual payouts.
Benefits include:
- Fast processing
- Early access to expected dividends
- Higher liquidity for emergencies
Eligible members may access substantial advances depending on savings and account performance.
Sheria Sacco USSD Code
Members can access banking services through the official USSD code:
*472#
Services available include:
- Balance inquiry
- Mini statements
- Mobile loans
- Funds transfer
- Bill payments
- Account management
Sheria Sacco Mobile App
The Sheria Senti App allows members to:
- Apply for loans
- Check balances
- Transfer funds
- Access statements
- Pay bills
- Manage accounts remotely
The app is available on Android and iOS devices.
Sheria Sacco Paybill Number
The official Sheria Sacco M-Pesa Paybill Number is:
964700
How to Deposit Money via M-Pesa
- Open M-Pesa
- Select Lipa na M-Pesa
- Choose Pay Bill
- Enter Business Number: 964700
- Enter your Membership or FOSA Account Number
- Enter amount
- Confirm using your PIN
Always confirm the transaction SMS after payment.
Frequently Asked Questions About Sheria Sacco Loan Form
Can self-employed people join Sheria Sacco?
Yes. Entrepreneurs, freelancers, and business owners can join as long as they provide proof of income and the required identification documents.
Can I withdraw my savings?
Yes. Members can withdraw ordinary deposits after giving proper notice and clearing outstanding liabilities.
However, share capital is generally non-refundable and transferable only to another member.
How many guarantors are needed for a loan?
The number depends on the loan amount requested. Guarantors must have enough deposits to support the application.
Does Sheria Sacco offer Islamic banking products?
Yes. Sheria Sacco offers Shariah-compliant financial products designed under Islamic finance principles.
Sheria Sacco Contacts
For loan application assistance, account inquiries, or customer support, contact:
- 📍 Head Office: Upperhill, Nairobi, Kenya
- ☎️ Phone: +254 20 780 1500
- 📧 Email: bosa@sheriasacco.coop
- 🌐 Website: Sheria Sacco Official Website
Final Thoughts on Sheria Sacco Loan Form
If you are searching for a stable SACCO in Kenya with affordable loans, high dividends, and accessible mobile banking services, Sheria Sacco Society Limited remains one of the strongest options available.
Whether you want to download the latest Sheria Sacco loan form PDF, apply for a development loan, or grow your savings through BOSA deposits, the SACCO offers flexible solutions for employees, entrepreneurs, and groups alike.