Yoken Sacco is a member-owned savings and credit co-operative in Mbeere South, Embu. Borrow up to three times your savings at 1.15% per month on a reducing balance — and earn 8% interest on what you save. No hidden pricing. Every rate is published below.
Real Yoken rates, reducing balance. Nothing is sent anywhere — this runs in your browser.
Most Kenyan Saccos ask you to visit an office to find out what a loan costs. We publish the multiplier, the rate, the term and the guarantor rule for every product, straight from our Credit Policy.
The workhorse loan for land, building, business capital and school projects.
For the unforeseen — hospital, funeral, urgent travel. Approved in days, not weeks.
Attach the fee structure and we process within 15 days — before the term starts.
Stock, equipment, premises and working capital for traders and SMEs in Embu.
Buy the item, not the cash. Send us a quotation and we pay your vendor directly.
A small cash bridge for a genuine emergency. Issued and repaid in cash.
Our answer to the app lenders — without the CRB traps or rollover fees.
Draw against this year's dividend before it is paid. No guarantors needed.
The account every loan is built on. Save at least Ksh 1,200 a month and earn interest.
Build a fund for a child's education from birth. Their name, their future.
Lock away a lump sum for a fixed term and earn a fixed, agreed return.
Yoken members also own Ushirika Ltd — real trading businesses that serve members at affordable prices and pay a second dividend.
These figures come directly from the Yoken Sacco Credit Policy adopted 19 May 2022 and effective 1 June 2022. All loan interest is charged on a reducing balance, which means you pay interest only on what you still owe — not on the original amount.
| Loan product | Maximum amount | Multiplier | Interest rate | Processing time | Maximum term | Guarantors |
|---|---|---|---|---|---|---|
| Normal / Development | No ceiling | 3× | 1.15% per month | 1 month | 60 months | 3 |
| Business | Ksh 5,000,000 | 2.5× | 1.15% per month | 1 month | 60 months | Member-guaranteed |
| School fees | Ksh 100,000 | 3× | 1.25% per month | 15 days | 12 months | Guarantor or savings |
| Emergency | Ksh 50,000 | 3× | 1.25% per month | 5 working days | 12 months | 3 |
| Smart (asset finance) | Ksh 50,000 | 3× | 15% per year | 15 days | 6 months | 2 |
| Instant | Ksh 5,000 | — | 10% per month | Instantly | 3 months | 1 |
| Mobile | Ksh 5,000 | — | 10% per month | Instantly | 1 month | — |
| Dividend discounting | 5% of savings | — | 10% one-off | 5 days | From dividend | None |
| Loan amount (Ksh) | Monthly contribution (Ksh) |
|---|---|
| 1 – 150,000 | 1,200 |
| 150,001 – 200,000 | 1,500 |
| 200,001 – 400,000 | 2,500 |
| 400,001 – 600,000 | 4,000 |
| 600,001 – 800,000 | 5,500 |
| 800,001 – 1,000,000 | 7,000 |
| 1,000,001 – 2,000,000 | 8,000 |
| 2,000,001 and above | 15,000 |
| Source of funds | How the cost is charged |
|---|---|
| Yoken emergency loan | 1.25% per month on a reducing balance, 12 months, plus a one-off 2.5% processing fee that already includes insurance, CRB and legal charges. Approved in 5 working days. |
| Yoken normal loan | 1.15% per month on a reducing balance, up to 60 months, no ceiling, 2.5% all-inclusive fee. The cheapest money we lend. |
| Typical mobile app loan | Charged as a flat fee on the full amount for a 7 to 30 day term, then rolled over. Because the fee does not reduce as you repay, the effective annual cost is many times a reducing-balance rate. |
| Bank personal loan | Priced off the bank's base rate plus a margin, with arrangement and insurance fees charged separately. |
A flat rate charges interest on the whole amount you borrowed for the whole term, even after you have repaid most of it. A reducing-balance rate charges interest only on the outstanding balance, which falls every month. Two loans quoted at the same percentage are not the same loan. Every Yoken loan except the one-off dividend discounting loan is charged on a reducing balance. Ask any other lender to state, in writing, which method they use.
Up to 3× your savings, no ceiling. 1.15% per month on a reducing balance, up to 60 months, 3 guarantors, processed in ~1 month. The cheapest money Yoken lends — about 14.8% effective per year.
Up to Ksh 5,000,000 at 2.5× savings, 1.15%/month reducing balance, up to 60 months, member-guaranteed. For stock, equipment and working capital.
Up to Ksh 100,000 at 1.25%/month reducing balance, repaid within 12 months, approved in 15 days. Guarantor or savings-backed.
Up to Ksh 50,000 at 1.25%/month reducing balance, up to 12 months, 3 guarantors, approved in 5 working days.
When you save with Yoken you become a part-owner. The surplus comes back to you as interest on deposits and dividends on shares — it does not leave Embu.
We paid 8% interest on member deposits in FY2021, against an industry floor of 5%. In 2020 it was 9%.
Nine directors elected by members, supervised by a three-person supervisory committee. Our 2022 AGM was the 34th.
If a member dies while repaying a loan that is not in default, the insurer settles the principal balance. Your family does not inherit the debt.
Members earn from the Sacco and from Ushirika Ltd — our shop, hotel, butchery, dairy and garden businesses.
Membership is open to any Kenyan introduced by an existing member. Employees of Fides Kenya Ltd, plus their spouses and children aged 18 and over, can join directly. Chamas, SMEs and corporates are welcome.
A one-off Ksh 200 registers you as a member. Registration is processed immediately once your form and ID copy are received.
Ksh 200 · one-off210 shares at Ksh 20 each — Ksh 4,200 in total. This is non-refundable ownership capital and you may pay it in instalments, but it must be complete within six months of registering.
Ksh 4,200 · instalments allowedSave at least Ksh 1,200 every month by M-Pesa, standing order, employer check-off or direct bank deposit. Consistency is what builds your borrowing power.
From Ksh 1,200 / monthNormal loans unlock after six months of active membership. Emergency and mobile loans unlock after three. Then borrow up to three times your savings.
3× your savings| Individual | Chama | SME | Corporate | |
|---|---|---|---|---|
| Registration fee | Ksh 200 | Ksh 1,000 | Ksh 1,000 | Ksh 2,000 |
| Minimum shareholding | Ksh 4,200 | Ksh 10,000 | Ksh 2,000 | Ksh 20,000 |
| Monthly contribution | Ksh 1,200 | Ksh 5,000 | Ksh 5,000 | Ksh 5,000 |
| Loan deposit needed | — | 20% | — | — |
| Also required | National ID copy | Registration certificate; one member must already be a Yoken member | Business details | Company documents |
A copy of your national ID, your completed membership form including next-of-kin and beneficiary details, your first monthly contribution and the registration fee. If you are rejoining after withdrawing, you are treated as a new member for loan purposes. Reactivating a dormant account costs Ksh 200.
Where: our offices at Mbeere South, Fides Kenya Ltd, Embu County. Post: P.O. Box 1175-60100, Embu.
Use the right letter code and your money lands in the right account the first time. This is the reference members ask the office for most often.
Business number for all Yoken Sacco deposits, share contributions and loan repayments.
40022277928#M/No followed by your product letterExample: a member with number 001 paying share capital enters 77928#001S. The same format applies to loan repayments — just swap in the loan's letter code.
All accounts are in the name YOKEN SACCO LIMITED. After depositing, email your slip to yoken.sacco@gmail.com.
You can also pay by standing order or employer check-off. Dividends and interest are paid to your bank account — we do not disburse cash.
These are our published service standards. If any service falls short of them, report it to the General Manager at info@yokensacco.com or call +254 710 671 822.
| Service | What it costs | How long it takes |
|---|---|---|
| Member registration | Ksh 200 | Immediate |
| Answering your phone call | Free | By the third ring |
| Enquiries at the counter | Free | Immediate |
| Reply to written correspondence | Free | Within 2 days |
| Resolving a complaint | Free | Within 10 days |
| Emergency loan | Free to apply | Within 7 days |
| Normal loan | Free to apply | 30 days |
| E-loan by phone | Free to apply | Instant |
| Savings transfer | Ksh 1,000 | 2 days |
| Share transfer | 10% transfer fee | 2 days |
| Withdrawal from membership | Ksh 1,000 | 60 days notice, paid within 30 days after |
| Dividends & interest (Sacco and Ushirika) | — | Within 4 months of financial year end |
A loan is in default once an instalment is unpaid for 30 days, and arrears attract a 2% monthly penalty. At 30 days we write to the borrower and copy the guarantors. At 60 days a second letter follows. At 90 days recovery begins from the guarantors and the member is listed with the credit reference bureaus; approved debt collectors may be engaged with board approval. We share credit information with CRBs at all times — positive as well as negative. We would rather you call us before day 30.
Yoken Savings and Credit Co-operative Society Limited was started in 1986 by employees of the company then called Yoder Kenya Limited, and was formally registered on 29 December 1986 with forty members. The company is today Fides Kenya Ltd, a flower-growing business in Mbeere South that exports flower cuttings, and it remains the heart of our membership.
We are licensed by the Ministry of Co-operative Development and Enterprise to provide Back Office Service Activity (BOSA) to members, and we are registered under the Co-operative Societies Act. Yoken Sacco has been an approved credit information provider with the Central Bank of Kenya since November 2016.
Our common bond is now open. Membership has extended beyond Fides to welfare groups, chamas, group accounts and business people across Embu County. In 2022 we held our 34th Annual General Meeting and adopted a Strategic Plan running to 2025, with a stated target of 1,500 members and a Ksh 96 million loan book.
Members also own Ushirika Ltd, our investment arm, which runs a shop, a hotel and butchery, a dairy and a garden. These trade at affordable prices for members and return a second dividend.
To be a secure, leading financial institution in the provision of financial services and products to members and the community within Dummen Orange in Kenya and its environs.
To attract and retain employees of Dummen Orange in Kenya and the community by offering effective, efficient and reliable financial services and products which not only meet but exceed their expectations.
Core values: Professionalism · Integrity · Creativity & Innovation · Team Work · Unity of Purpose · Respect to all · Effective Corporate Governance
| 2019 | 2020 | 2021 | |
|---|---|---|---|
| Total assets | 61.8M | 66.7M | 71.0M |
| Deposits | — | 57.1M | 57.4M |
| Loan portfolio | — | 52.4M | 57.7M |
| Revenue | 8.08M | 8.66M | 8.59M |
| Interest paid on deposits | 8.6% | 9% | 8% |
| Loans to deposits | 93% | 91.7% | 100% |
Our Strategic Plan 2022–2025 targets 1,500 members (from 400), Ksh 118.2 million in deposits, a Ksh 96.1 million loan book and Ksh 25.86 million in revenue by 2025, while holding portfolio at risk at or below 5% and member satisfaction above 90%.
Nine directors elected at the Annual General Meeting, a three-person supervisory committee that reports independently to members, and professional staff led by a General Manager.
Signatory to the Strategic Plan 2022–2025.
Signatory to the Strategic Plan 2022–2025.
Custodian of the Sacco's financial oversight.
Keeper of records and member communication.
Elected member of the board.
Elected member of the board.
Elected member of the board.
Elected member of the board.
Elected member of the board.
Joined May 2022. BSc Accountancy, Technical University of Kenya; CPA Part 2.
Joined 2015. CPA finalist with over seven years in the Sacco.
Joined May 2019. Diploma in Co-operative Management, Meru National Polytechnic.
Reports independently to members on Sacco operations.
Reviews progress on the Strategic Plan quarterly.
Independent oversight on behalf of members.
Annual General Meetings, member education days, certificate presentations and board sessions — photographed at our own events in Embu.
If your question is not here, call +254 710 671 822 — we answer by the third ring.
You need to be introduced by an existing Yoken Sacco member. Bring a copy of your national ID, a completed membership form and Ksh 200 as the registration fee. You then buy share capital of Ksh 4,200 (210 shares at Ksh 20 each), which may be paid in instalments but must be complete within six months, and you commit to saving at least Ksh 1,200 every month. Employees of Fides Kenya Ltd, and their spouses and children aged 18 and over, can join directly without an introducer.
The Yoken Sacco paybill number is 400222. For the account number, enter 77928# followed by your member number and then the letter code for the account you are paying: S for shares, D for normal savings, M for Mwanangu savings, FD for fixed deposit, N for a normal loan, B for a business loan, E for an emergency loan, F for a school fees loan and SL for a smart loan. A member with number 001 paying share capital would enter 77928#001S.
For a normal or development loan you can borrow up to three times your savings, and there is no upper ceiling on the amount. A business loan is 2.5 times your savings up to Ksh 5,000,000. Emergency loans go up to Ksh 50,000, school fees loans up to Ksh 100,000, and smart asset-finance loans up to Ksh 50,000. Your total loan deductions cannot exceed two thirds of your basic pay, and the loan must be repaid before you reach retirement age.
Normal and business loans are charged at 1.15% per month on a reducing balance. Emergency and school fees loans are 1.25% per month on a reducing balance. The smart asset-finance loan is 15% per year on a reducing balance. Instant and mobile loans are 10% per month on a reducing balance. The dividend discounting loan carries a 10% one-off charge deducted upfront. A processing fee of 2.5% applies to normal and emergency loans and already includes insurance, CRB and legal charges.
An emergency loan is approved within 7 days (5 working days for processing). A normal loan takes up to 30 days. School fees and smart loans are processed within 15 days. The dividend discounting loan takes 5 days. Instant and mobile loans are processed immediately, and an e-loan can be requested instantly over the phone.
You must complete six months of active membership before you qualify for a normal loan. Emergency and mobile loans require only three months. If you boost your savings with a lump sum, that boost is only considered for lending purposes after three months. A member who withdraws and later rejoins is treated as a new member for loan purposes.
Yoken Sacco paid 8% interest on member deposits in the 2021 financial year, 9% in 2020 and 8.6% in 2019. The regulatory and industry minimum is 5%, so we have consistently paid above it. Interest on deposits and dividends on shares are paid within four months of the end of the financial year, directly into your bank account. We do not pay dividends in cash.
Yes, for most products. A normal loan and an emergency loan each require three guarantors, a smart loan requires two, and an instant loan requires one. All guarantors must be members of the Sacco. A school fees loan can be secured by a guarantor or by your own savings. The dividend discounting loan requires no guarantors because it is recovered from your own dividend.
Yes. A chama pays a Ksh 1,000 membership fee, holds a minimum shareholding of Ksh 10,000, deposits at least Ksh 5,000 a month, must be legally registered with a certificate, must be able to raise a 20% deposit when requesting a loan, and must include at least one existing Yoken Sacco member. An SME pays Ksh 1,000 registration with Ksh 2,000 shareholding and Ksh 5,000 monthly. A corporate pays Ksh 2,000 registration with Ksh 20,000 shareholding and Ksh 5,000 monthly.
No. Yoken Sacco is licensed by the Ministry of Co-operative Development and Enterprise to provide Back Office Service Activity (BOSA) only, and is registered under the Co-operative Societies Act. We do not operate a front office (FOSA) counter or offer current accounts. We are an approved credit information provider with the Central Bank of Kenya, listed since November 2016.
A loan is considered in default once an instalment remains unpaid for 30 days, and the amount in arrears attracts a penalty of 2% per month. At 30 days we write to you and copy your guarantors. A second letter follows at 60 days. At 90 days recovery begins from your guarantors, you may be listed with the credit reference bureaus, and approved debt collectors may be engaged with board approval. If your savings exceed the outstanding balance, the loan is recovered from your savings. Please call us before you reach day 30.
If a member dies while repaying a loan that is not in default, the insurance company settles the outstanding principal balance once we notify them and submit the claim — your family does not inherit the loan. This cover is built into the 2.5% processing fee. If the loan was already in default at the time of death, it is recovered from the member's collateral and, if that is insufficient, from the guarantors. This is exactly why we ask every member to name next of kin and beneficiaries on the membership form.
Yes. To top up a normal loan you must have repaid it for at least six months; for an emergency loan, at least three months. A refinance fee of 5.5% is levied on the outstanding principal balance and the top-up is treated as a new loan that must be fully secured by guarantors. Smart loans and school fees loans cannot be refinanced.
Complete a withdrawal form and give 60 days notice. Payment is made within 30 days after the notice expires, and a withdrawal fee of Ksh 1,000 applies. You can only withdraw if you have cleared your loans or your savings exceed your loan balance. If you have guaranteed another member's active loan, you cannot withdraw until you provide a replacement guarantor. Note that share capital is non-refundable.
Our offices are at Mbeere South, Fides Kenya Ltd, Embu County. Post to P.O. Box 1175-60100, Embu, Kenya. Call +254 710 671 822 — we answer by the third ring. Email info@yokensacco.com, or yoken.sacco@gmail.com for deposit slips. Correspondence should be addressed to the General Manager.
Compared on a like-for-like basis, yes — and the reason is the method, not just the number. Yoken charges 1.15% to 1.25% per month on a reducing balance, so interest is calculated only on what you still owe and falls every month. Mobile app lenders typically charge a flat fee on the full amount for a 7 to 30 day term and then roll it over, so the fee never reduces as you repay. Always ask any lender to state in writing whether the rate is flat or reducing balance, and what the total cost of credit will be.
Fill this in and a Yoken Sacco officer will call you to complete your registration. You can also walk into our office at Mbeere South, Fides Kenya Ltd, or download the forms and bring them in.
Call +254 710 671 822 and we answer by the third ring, or message us on WhatsApp and we will reply with the joining pack.
Membership application form, loan application form, withdrawal form, Credit Policy, Member Recruitment Policy, Service Delivery Charter, Data Privacy Policy and the Strategic Plan 2022–2025 are all available from the office and on request by email.
A Yoken Sacco officer will call you within two working days to complete your registration. If it is urgent, call +254 710 671 822 or message us on WhatsApp now.
Since 1986, members of Yoken Sacco have used their own pooled savings to buy land, build homes, educate children and grow businesses across Embu County. Ksh 200 starts it.
