Biashara Sacco Paybill Number 400 300

Here is how to use Biashara Sacco Paybill Number 400 300

•         Go to Mpesa Menu
•         Select Pay Bill from your M-PESA menu
•         Enter Biashara Sacco Paybill Number 400 300
•         Account No enter your I.D number or Account number or member number
•         Enter the amount you wish to pay
•         Enter your M-PESA PIN
•         Confirm details are correct and press OK
•         You will receive confirmation message from Safaricom

 Background of Biashara Sacco.

Biashara SACCO Society Ltd was registered on 31st December, 1990, by the Ministry of Co-operative Development and Marketing under the Co-operative Societies Act, Cap 490. It was registered after the far sighted vision of the members of the Kenya Natural Chamber of Commerce and Industry (KNCCI), Nyeri Branch.

As of 2014, Biashara Sacco has a membership of about 42,000 members and a total asset base of Kshs.623million in 2014, up from Kshs.509million in 2013. Last year, the SACCO made a record profit of Kshs.35million up from Kshs.25million made in 2013.

Biashara Sacco Lon Products.

1.      Normal Loan

·        For full members

·        Repayment upto 36 months.

·        Secured by guarantors or collateral

·        Save for atleast 6 months

·        3 times the savings

2.      Development loan

·        For Associate members

·        Save for atleast 6 months

·        Raise 20% of amount required and deposit with sacco

·        Repayment upto 36 months.

·        Secured by guarantors or collateral

3.      Sisi Kwa Sisi Loan

·        One qualifies for this loan after operating any account for three months

·        Loan is processed and given within a day

·        5% Interest per month

·        Maximum loan given is Kshs 200,000

·        Maximum repayment period is 12 Months

4.      Women Enterprise Loan

·        Targeted specifically for women, one needs to open and operate a women empowerment account for 3 months.

·        Repayment period is 3 – 12 Months

·        Interest rate is 8% per annum on reducing balance

·        First loan is Kshs 5000 – 100,000

5.      Special Loan

·        Designed to facilitate the purchase of assets such as shamba/plots, Biashara sacco full membership entry, IPO Shares and any other well supported project

·        The shares bought act as security for other loans

6.      Beba Loan

·        Loan given for asset financing

·        One must operate a Beba accounts for six months

·        Loans given are three times your saving

·        Maximum repayment period is 6 – 36 months

7.      Jipange Loan

·        It’s a top-up facility given to members with existing loans and good repayment records.

·        Repayment period is 1 – 12 Months

8.      Emergency Loan

·        This loan is given to assist in medical legal and other Emergencies

·        Loans are disbursed promptly

You can repay this loans from any loction any time by use of Biashara Sacco Paybill Number 400 300.

Biashara Sacco Savings Products.

Its now possible to mobile savings for future bollowing using Biashara Sacco Paybill Number 400 300. Just follow the instructions given above and you will see a change. 

Here are the savings products offered by Biashara Sacco.

1.      Savings Account

·        Opening of the account is Ksh 500.

·        No monthly maintenance fee

·        Holders benefit with all FOSA Loans.

·        One qualifies for an ATM Sacco link

·        Attractive interest rate annually

2.      Wakulima Account.

·        Opening of the account is Kshs 500.

·        Holders benefit with Wakulima Loan with a grace period of 3 months.

·        It has no minimum balance neither does it earn interest at the end of the year.

·        One qualifies for an ATM Sacco link

·        No minimum balance

3.      Beba Account

·        One saves for 6 months without withdrawing.

·        The savings is multiplied by three.

·        In the event of the account holder willing to get cash, he must produce a security to cover the loan.

·        Asset Financing

·        Holders benefit with Beba Loans.

4.      Smart Account

·        One has to save for one year.

·        Monthly contribution is a minimum of Ksh 3,000.

·        It is an asset financing plan, but incase the account holder wants cash he/she must fully secure the loan.

·        Substantial savings that can buy assets of high value.

5.      Besty Account

·        It was designed for children under 18 years since they cannot open accounts.

·        The account is operated by the guardian until the child attains 18 years.

·        Accounts holders save without withdrawing.

·        Incase of urgent needs the guardian may request for withdrawal.

·        Accountholders are given bankers cheques to pay school fees free.

·        The savings can guarantee Loans.

6.      Safari Club

·        Registration fee is Ksh.500.

·        Save for at least 6 months.

·        Loan interest is 1% p.m.

·        Loans given 5 times your savings

·        The trip is organized and documents jointly processed by the Sacco.

7.      Business Account

·        No minimum balance

·        Holders are issued with an in-house cheque book.

·        Opening of the account is Kshs 500.

·        Holders benefit with all FOSA Loans.

·        One qualifies for an ATM Sacco link

·        No withdrawal limits.

8.      Women Enterprise Fund Account

·        Account opening fee is Kshs 500.

·        No monthly maintenance fee.

·        One qualifies for an ATM Sacco link

·        Holders benefit with Women Enterprise Fund plus all other FOSA Loans

·        Loan ranges between Ksh 5,000 to Ksh 100,000.

·        Loan Interest Rate is 8% p.a. on reducing balance.

Biashara Sacco Branches and Contacts.

For any querry regarding Biashara Sacco Paybill Number 400 300, or any other Sacco product, Kindly contact the sacco through the following.

P.O Box 1895 10100

Kimathi Sreet (Near oman allu)

Nyeri

10100

Kenya

E-mail:customercare@biasharasacco.co.ke

Telephone:061 203 4206

Fax: 061 203 4207

Nyeri Head Office-Kimathi Way

Email: info@biasharasacco.co.ke

Tel: 061 2034206/ 0722557188

 Rware branch-Rware building opposite Nyeri national library

Email: rwarebranch@biasharasacco.co.ke

Karatina Branch- Railway Road, Opp Afc Offices

Email: karatina@biasharasacco.co.ke

Othaya Branch-Centre Point Plaza Opp Main Stage

Email: othaya@biasharasacco.co.ke

 Gakindu Branch-Opp Gakindu Market

Email: gakindu@biasharasacco.co.ke

Kiawara Branch-Opp Kiawara Market

Email: kiawara@biasharasacco.co.ke

Nanyuki Branch- Elshaddai Building, Behind Batian Guest Hotel

Email: nanyuki@biasharasacco.co.ke

Embu Branch- Tujenge Building Opp Kanu Offices

Email: embu@biasharasacco.co.ke

See more Saccos Here