Comoco Sacco Paybill Number 901 101 (How to Make Payments via Mpesa)
Discover the trusted financial institution, Comoco Sacco and their dedicated Paybill Number 901 101 for easy Mpesa payments. Learn more about their history and services.
Comoco Sacco stands as a beacon of trust and reliability, With a history dating back to 1977. Comoco Sacco has been serving the needs of its members, providing a platform to save and borrow. In this article, I will take you into everything you need to know about Comoco Sacco, including its rich history, services, branches, and, most importantly, how to make payments via Mpesa using their dedicated Paybill Number 901 101.
History and Background of Comoco Sacco
Comoco Sacco Society Ltd was established in June 1977 by the dedicated employees of C.M.C. Motors Ltd. Fast forward 43 years, and it continues to thrive, embracing growth and expansion. Over the years, Comoco Sacco has welcomed several esteemed companies, including Car and General Ltd, Rosewood Office Systems, Tononoka Steel Ltd, Bavaria Auto Ltd, Corporate Insurance Ltd, and many more. This collective endeavor has propelled Comoco Sacco to new heights, making it a trusted name in finance.
Comoco Sacco has strategically positioned branches across Kenya to ensure accessibility for its members. You can find branches in Mombasa, Kisumu, Nakuru, Kitale, Nanyuki, Meru, Thika, and Homabay. Additionally, satellite offices are located in Kakamega, Kapsabet, Migori, and Sori, with more on the horizon. This extensive branch network ensures that members can access services conveniently and efficiently.
Membership and Deposits
As of January 2021, Comoco Sacco boasts a membership of 12,698 individuals who have collectively deposited Kshs. 447,115,736.00. Furthermore, Sacco has disbursed loans totalling Kshs—661,094,123.00, underlining its commitment to serving its members' financial needs.
Departments of Comoco Sacco
Comoco Sacco operates through three distinct departments, each serving a specific purpose:
- Common Bond: This department includes parent companies like C.M.C. Holdings Ltd, Simba Corporation Ltd, Car & General Ltd, and NISSAN Kenya Ltd, among others.
- FOSO (Front Office Service Operations): Established in 1999, FOSO enables members to access various services, including banking services, savings deposits, credit lending, and M-Sacco money transfers.
- Microsaver: Formed in 2006, the Microsaver department's mission is to provide financial services to small and medium entrepreneurs, contributing to poverty alleviation in Kenya.
How to Make Payments via Mpesa with Comoco Sacco Paybill Number 901 101
Now, let's dive into the core of our guide - making payments via Mpesa using Comoco Sacco Paybill Number 901 101. Follow these simple steps:
- Go to Mpesa Menu: Start by accessing the Mpesa menu on your mobile phone.
- Select Pay Bill: From the M-PESA menu, choose the "Pay Bill" option.
- Enter Comoco Sacco Paybill Number 901 101: Input the Comoco Sacco Paybill Number, which is 901 101.
- Enter Membership Number: Next, enter your membership number to identify your account.
- Specify Payment Amount: Enter the amount you wish to pay.
- Enter M-PESA PIN: Provide your M-PESA PIN to confirm the transaction.
- Confirm and Complete: Double-check that all the details are correct, then press OK to confirm the payment. You will receive a confirmation message from Safaricom indicating the successful transaction.
Comoco Sacco also offers M-Sacco services, available to Safaricom registered users. These services empower members with various financial transactions, including:
- Withdrawing money from Sacco accounts to M-Pesa.
- Checking Sacco account balances.
- Repaying loans from M-Pesa.
- Viewing account mini statements.
- Applying for FOSA instant loans.
- Changing M-Sacco P.I.N. numbers.
- Transferring funds between Sacco accounts.
Loan Products Offered by Comoco Sacco
Comoco Sacco provides a wide array of loan products to cater to the diverse needs of its members. Some of the notable loan products include:
- Comoco Mfalme
- Development Loan
- Emergency Loan
- School Fees Loan
- Jumbo Loan
- Golden Loan
- Instant Loan
- Mdosi Loan
- Soft Landing Loan
- Higher Education Loan
- Advance Loan
- Kuvuka Mwezi
Should you have any queries regarding Comoco Sacco, including inquiries about Paybill Number 901 101 or any other issue, you can contact them through the following channels:
- Address: 1st Floor, Connaught House (C.M.C. Premises), Lusaka Road, P.O. BOX 30135-00100 Kenya.
- Phone: +254-20-6932279
- Fax: +254-20-650794
- Website: www.comocosacco.coop