Finance & Investment Technology & Gadgets

How to Pay Kenversity SACCO Loans and Deposits via MPesa: A Complete Guide

Kenversity Sacco

Managing your Kenversity SACCO payments has never been easier, thanks to MPesa’s Lipa na MPesa service. Whether you’re paying for loans, deposits, or other services, using the right key codes ensures your payments are updated correctly and efficiently.

In this guide, we’ll take you through the step-by-step process to pay for Kenversity SACCO products, including key codes for each service and how to format your account number to avoid errors.

Step-by-Step Process to Pay Kenversity SACCO via MPesa

  1. Go to MPesa on your mobile phone.
  2. Select Lipa na MPesa from the menu.
  3. Choose the Paybill option.
  4. Enter the Paybill number 577820.
  5. In the Account Number field, follow this format:
    • Enter the relevant Key Code for the product or loan type (e.g., ADV for advance loan, DEP for deposits).
    • Without any space, add your membership number exactly as it appears in the SACCO system. For example:
      • Salaried members (e.g., KU, Sukari, Jetlak): DEP1234.
      • Microcredit members: MDPMFIIND-0000.
  6. Enter the amount you wish to pay.
  7. Complete the process by entering your MPesa PIN and confirming the transaction.

Kenversity SACCO Key Codes for Different Products

Below is a list of product codes for Kenversity SACCO services:

  • ADVANCE LOAN: ADV
  • OVERDRAFT: OVD
  • SHORT PERIOD ADVANCE: SPA
  • MOBILE LOAN: MOB
  • CAR INSURANCE: CAR
  • NORMAL LOAN: NOR
  • EMERGENCY LOAN: EME
  • SCHOOL LOAN: SCH
  • ASSET FINANCING: ASF
  • DEPOSITS: DEP
  • GROUP SAVINGS: GPS
  • SUPER LOAN: SUP
  • FAHARI LOAN: FRI
  • MAENDELEO LOAN: MAE

Ensure the code corresponds to the service you’re paying for and that there are no spaces between the code and your membership number.

Example of Correct Payment Formatting

  • If you’re paying for shares as a salaried member with membership number 1234:
    • Account number: DEP1234
  • If you’re a microcredit member paying a loan with the membership number MFIIND-0000:
    • Account number: TUIMFIIND-0000

Tips for Hassle-Free Payments

  • Always ensure your account number is written in capital letters.
  • Double-check the key code and membership number to avoid errors in payment processing.
  • If unsure about your membership number or product code, contact Kenversity SACCO for confirmation.

Kenversity SACCO Contact Information

For any payment queries or assistance, reach out to Kenversity SACCO through the following channels:

  • Phone: Contact their customer support for help with your payment details.
  • Email: Inquire for more details or payment support via email.

By following these simple steps, you can easily keep your loans, savings, and deposits up to date, ensuring smooth financial management with Kenversity SACCO.