Centenary Sacco Paybill Number 700 300 (Make Payments via Mpesa) 

In the heart of the Diocese of Meru, a financial institution with a rich history and a commitment to empowering its members emerged in the late 1970s. The brainchild of the late Fr. Salesius Kirianthia, Centenary Sacco, officially registered in 2003, has become a beacon of financial stability and inclusivity in the region. If you want to understand how to make payments via Mpesa using Centenary Sacco Paybill Number 700 300, you've come to the right place. In this comprehensive guide, we'll not only delve into the intricacies of mobile payments but also explore the vast array of products and services offered by Centenary Sacco, catering to individuals from all walks of life.

A Brief History of Centenary Sacco

Centenary Sacco's journey began with a visionary idea conceived in 1999—a vision of creating a financial institution that could provide convenient, efficient, and fast services to its members. With the invaluable support of the Bishop and dedicated officers from the Ministry of Co-operative Development, this dream became a reality on March 18, 2003, when Centenary Sacco was officially registered. Today, Centenary Sacco boasts a membership exceeding 30,000 individuals, a remarkable leap from the 800 members it had in 2008. The Sacco's expansion efforts have extended to other major towns, including Chuka and Kinoro.

Why Choose Centenary Sacco?

At Centenary Sacco, we pride ourselves on delivering a unique and personal banking experience. Here's why you should choose Centenary Sacco:

1. Competitive Rates: They offer low interest rates and competitive savings rates, ensuring that your money works harder for you.
2. Convenience: Their growing network of branch offices, along with 24/7 online, mobile, and phone support, ensures that your banking needs are always within reach.
3. Financial Strength: With an asset base exceeding Ksh 120 million, Centenary Sacco is financially robust and poised to serve its ever-growing membership.
4. Ushirika with a Difference: Their motto reflects their commitment to prioritizing your best interests over profits.

Products and Services

Centenary Sacco offers a wide range of financial products and services designed to meet the unique needs of our members. Let's explore some of them:

FOSA Credit Products:

1. Salary Loans: Personal loans granted to employees whose salaries are processed through Centenary Sacco FOSA accounts.

• Maximum loan: 9 times of 2/3 net pay.
• Maximum repayment period: 12 months.

2. Salary Advance: Short-term loans for employees with salaries processed through Centenary Sacco FOSA Accounts.

• Maximum advance: 3 times 2/3 net pay.
• Maximum repayment period: 6 months.

3. Kamua Pesa Loan: A loan for dairy farmers whose milk payouts are channeled through Centenary Sacco FOSA accounts.

• Loan qualification: 9 times the average of 3 months' payout.
• Maximum repayment period: 12 months.

4. Vuna Majani Loan: Loan for tea farmers whose tea proceeds are channeled through Centenary Sacco FOSA accounts.

• Maximum repayment period: 12 months.
• Maximum amount based on previous year's production.

5. Bonus/Coffee Advance: A facility for tea/coffee farmers whose proceeds are channeled through Centenary FOSA accounts.

• The amount advanced is calculated at an assumed rate of Kshs 10 per Kg.
• Maximum repayment period: 3 months.

6. Jifunze Junior Loan: Short-term loans for Sacco members with active Jifunze Junior accounts to finance their children's education.

• Maximum financing: 80% of school fees up to a maximum of Kshs 100,000.
• Maximum payment period: 12 months.

7. Salary Overdraft: Short-term loans for employees whose salaries are processed in Centenary FOSA accounts.

• Maximum overdraft: Half the net pay in the FOSA account.
• Loan advanced after the 15th day of every month.

8. Classic Loan: Long-term salary loans for permanent and pensionable employees with salaries processed through the FOSA account.

• Maximum loan: Kshs 1,000,000.
• Maximum repayment period: 60 months.

BOSA Credit Products:

1. Normal Loan: Granted to members borrowing more than Kshs 300,000.

• Minimum loan: Kshs 300,001.
• Maximum loan: 3.5 times member deposit.
• Maximum repayment period: 48 months.

2. Instant Loans: For members borrowing Kshs 300,000 or less, processed instantly.

• Maximum loan: Kshs 300,000.
• Maximum repayment period: 48 months.

3. Refinancing Loan: Loan for active Sacco members with other BOSA loans that they are servicing correctly.

• Maximum loan: Determined by 3.5 times total deposit.
• Maximum repayment period: Varies by the number of BOSA loans.

4. Asset Financing: Loan for members looking to acquire assets like land, vehicles, or farm machinery.

• Minimum loan: Kshs 200,000.
• Maximum loan: Kshs 2.5 million.
• Maximum repayment period: 60 months.

Group Loans:

Centenary Sacco also offers group loans to established and registered groups and institutions. These loans are designed to finance income-generating group projects. Here are some of our group loan products:

1. Kumekucha Loans: Middle-term loans for established church groups, social groups, investment groups, and institutions.

• Minimum group size: 10 members.
• Loan amount: Kshs 50,000 to Kshs 5,000,000.
• Maximum repayment period: 24 months.

2. Pambazuka Loans: Long-term loans for established church groups, social groups, investment groups, and institutions.

• Minimum group size: 10 members.
• Loan amount: Kshs 50,000 to Kshs 10,000,000.
• Maximum repayment period: 48 months.

3. Micro-Credit Loan: Short-term loans for members of micro-credit groups, payable within 12 months in equal installments.

• Maximum loan: Graduated up to Kshs 80,000.
• Maximum repayment period: 12 months.

Centenary Sacco SMS Banking

Centenary Sacco takes pride in making banking transactions easy and accessible to its members. With SMS banking, you can effortlessly transfer funds from your Fosa account to your Mpesa account using your mobile phone from anywhere.

Here's how it works:

1. Open a blank message on your phone.
2. Type "DOMSACCO AMOUNT."
3. Send the message to 22844 and wait for the transfer to be automatically processed.

How to Use Centenary Sacco Paybill Number 700 300 for M-PESA Transactions

Transferring funds from your Fosa account to your Mpesa account is now a breeze. Follow these simple steps:

1. Go to the Mpesa Menu on your mobile phone.
2. Select "Pay Bill" from your M-PESA menu.
3. Enter Centenary Sacco Paybill Number 700 300
4. If you're paying for shares or loans, enter your Member Number. For deposits to your account, enter your Fosa Account Number.
5. Specify the amount you wish to pay.
6. Enter your M-PESA PIN.
7. Confirm that all details are correct and press OK.
8. You will receive a confirmation message from Safaricom confirming the successful transaction.

Customer Support

For any inquiries or to learn more about Centenary Sacco, feel free to contact them via:

• Address: P.O Box 1207-60200.
• Intercity Building along Meru-Nanyuki Highway. Get Directions Here
• 064-3 132 236 OR 0715 467 290
• info@centenarysacco.org

 READ ALSO: Biashara Sacco Paybill Number 400 300(Make Payments via Mpesa)

Conclusion

Whether you're a salary earner, a farmer, a business owner, or part of a social group, Centenary Sacco has a wide range of products and services tailored to meet your unique financial needs. Now that you know how to make payments via Mpesa using Centenary Sacco Paybill Number 400 300, you can take advantage of the convenience of mobile banking.