Qona SACCO
Qona Sacco Society Ltd (formerly Safaricom SACCO) · Nairobi · Established 2001
A younger, digitally forward SACCO popular with tech and corporate employees, with strong mobile-first services.
Key figures
Spotted something outdated? Report it — corrections are reviewed against primary sources and updated with a new verification date.
Who can join
open bondStarted with Safaricom PLC staff and rebranded to Qona; open to employees of other organisations, business owners and groups.
Typical requirements
- National ID
- Passport photo
- Entrance fee + share capital
- M-Pesa line for digital services
Loan products
| Product | Amount basis | Max term | Interest |
|---|---|---|---|
| Development loan | 3x deposits | 60 months | Rate varies (sample) |
| Digital instant loan | Capped | 6 months | Rate varies (sample) |
Always request loan terms in writing and confirm whether interest is charged flat or on reducing balance — the difference materially changes total cost. Understand guarantorship obligations before signing for anyone.
Access & channels
Official website: www.safaricomsacco.com
Regulatory record
Appears on the SASRA register of licensed deposit-taking SACCOs. (Verify current status directly at sasra.go.ke.)
This section reports public-record facts only. FedhaLens does not rate institutions as “safe” or “unsafe”. Confirm current licensing directly on the SASRA website.
Six questions to ask before joining
These apply to every SACCO in Kenya, including this one. A well-run institution will answer all six readily.
- 1Can I see your current SASRA licence and latest audited accounts?
- 2What were the dividend and interest rates for each of the last five years — not just the best year?
- 3What are the full loan terms in writing: rate, method (flat vs reducing balance), fees and insurance?
- 4How does guarantorship work, and what happens to my savings if someone I guaranteed defaults?
- 5What is the process and timeline for withdrawing my deposits or exiting membership?
- 6How are directors elected, and when is the next AGM I could attend?
A note to Qona SACCO
Institutions have a standing right of reply on FedhaLens. To correct a figure (with a source), respond to anything on this page, or claim and verify this profile, write to institutions@fedhalens.com. Verified corrections are published with an updated verification date.