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MOMBO
Loans, Saving
What MOMBO does
Mombo Sacco is a savings and lending cooperative (SACCO) founded in 2015 and operated through the Mombo App. The website says members have built savings of over KES 100 million. Listed products include individual savings accounts, Goal Accounts, Flexible Accounts, SME Accounts, and Mombo Sacco MWallet, which the site says reduces transaction fees by 20% to 50%. Members can apply for loans through the app. The site also hosts video tutorials on depositing monthly savings, resetting the app PIN, and opening accounts, along with a blog and a member referral savings plan.
Summarised from the business's own website, checked October 2026. Not written or endorsed by the business.
About
Choosing a financial services provider
Before handing over money or financial details, confirm the firm is authorised by the financial regulator where you live. That is the single most important check.
What to check
- Authorised or registered with the financial regulator
- All fees and commissions stated in writing
- Whether advice is independent or limited to certain products
- How complaints are handled
Questions to ask
- How are you paid for this?
- What are the risks, in plain words?
- What happens if I want to leave or move my money?
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