Savings & Loan Products | KHASAKH Co-operative Society

Savings products

Save with purpose

Choose a plan that matches your goals, from your child's future to your retirement.

14% per annum · compounding

Savings 01

Child Savers Account

Invest in your child's tomorrow, starting today.

For members' children under 18
Minimum 5-year saving period
No monthly fees

Terms & conditions

Designed exclusively for Sacco members' children below 18 years of age.
Earns a compounding interest rate of 14% per annum.
Funds are accessible only when the child reaches 18 years of age.
No monthly account maintenance fees.
Savings must be maintained for a minimum period of 5 years.
The account is registered in the child's name with the parent or guardian as trustee(s).
The parent's trusteeship ceases automatically when the child turns 18 years.
If the parent passes away before the child turns 18, the child's next of kin assumes responsibility for managing the account.

Application form

UGX 50K to open

Savings 02

General Saver

Save freely. Access when you need it.

Minimum balance UGX 100,000
Withdraw up to 70% anytime
No fixed saving period

Terms & conditions

Available to all registered Sacco members in good standing.
Opening amount is UGX 50,000; minimum saving balance is UGX 100,000.
Members may access funds at any time, provided savings have not been pledged as security for a loan.
Up to 70% of the savings balance may be withdrawn at any given time.
No fixed savings period — save at your own pace.
Funds pledged against an active loan cannot be withdrawn until the loan is fully repaid.

Ask to apply

5–12% per annum · by term

Savings 03

Education Saver

Secure your child's academic future, term by term.

Short term 5% · Medium 8% · Long 12%
Primary school to university
Withdraw at end of each term

Terms & conditions

Designed for members who wish to save specifically for educational expenses.
Interest rates range from 5% to 12% per annum, based on the savings term.
Covers a broad range of educational expenses, from primary school fees to university tuition.
Members are encouraged to align savings periods with their children's academic calendar.
Withdrawals are permitted at the end of each agreed saving term.
Early withdrawal may result in reduced or forfeited interest earnings.

Ask to apply

8–12% per annum · by period

Savings 04

Target Saver

Set a goal. Save towards it. Earn more for staying the course.

1–2 yrs 8% · 3–5 yrs 10% · 6+ yrs 12%
Funds locked for agreed period
Declare your goal at opening

Terms & conditions

Available to all registered Sacco members who have a specific savings goal in mind.
Short-term account: 8% per annum for a saving period of 1–2 years.
Medium-term account: 10% per annum for a saving period of 3–5 years.
Long-term account: 12% per annum for a saving period of 6 years and above.
Funds are locked for the agreed saving period; early withdrawal forfeits accrued interest.
Members must declare their savings goal and target amount at account opening.
Regular contributions are encouraged but not mandated.

Ask to apply

Age 50+ to access funds

Savings 05

Pension Saver

Long-term security. A dignified retirement.

Individual pension account
Out of employment 6 months to access
Passes to named beneficiary

Terms & conditions

A long-term retirement savings product open to all Sacco members.
Contributions are made to the member's individual pension account over time.
Funds are only accessible when the member is 50 years of age or older.
The member must be out of formal employment for at least 6 months before accessing funds.
Regular contributions are strongly encouraged to maximise retirement income.
The account accumulates interest over the contribution period.
In the event of the member's death, the accumulated funds pass to the named next of kin or beneficiary.

Ask to apply

Loan products

Credit that works for you

Loans designed around your employment status, goals and repayment capacity.

1.3% per month

Loan 01

Salary Loan

For salaried members — credit aligned to your income.

Formal employment only
Repaid by salary deduction
Employment letter & payslips needed

Terms & conditions

Available exclusively to members in formal employment.
Interest rate is 1.3% per month on the outstanding balance.
Loan amount depends on net pay and employment contract period.
Eligibility formula: (Shares × 3) + (Savings × 2) + (Net Pay × 1).
Total deductions from salary must not exceed 50% of net pay.
Repayment is made via monthly salary deductions.
A valid employment letter and recent payslips are required.
Loan is subject to Sacco credit assessment and approval.

Ask to apply

2.5% per month · 6 months max

Loan 02

Short-Term Loan

Bridge an urgent financial gap — quickly and affordably.

All active members
Can run alongside a salary loan
Based on savings & shares

Terms & conditions

Available to all active Sacco members in good standing.
Interest rate is 2.5% per month on the outstanding balance.
Maximum repayment period is 6 months.
Can be held simultaneously alongside an active salary loan.
Loan amount is subject to the member's savings and share balance.
Intended for short-term, urgent financial needs.
Subject to standard Sacco credit assessment and approval.

Application form

1.3% per month · up to 5 years

Loan 03

Land Loan

Use your land title as collateral for long-term financing.

Registered land title as collateral
Minimum savings UGX 1,000,000
Title returned on full repayment

Terms & conditions

Available to members who hold a registered land title.
The land title must be surrendered to the Sacco as collateral for the loan duration.
Interest rate is 1.3% per month on the outstanding balance.
Repayment period extends up to 5 years.
Minimum savings of UGX 1,000,000 required for eligibility.
The land title is returned upon full repayment of the loan.
In case of default, the Sacco reserves the right to recover the outstanding amount through the secured land asset.
Loan is subject to valuation of the land and Sacco credit approval.

Ask to apply

2% per month

Loan 04

School Fees Loan

Ease education costs every term — no stress, no disruption.

Tuition, boarding & approved costs
Can run alongside a salary loan
Timed with school terms

Terms & conditions

Available to all active Sacco members with school-going dependants.
Interest rate is 2% per month on the outstanding balance.
Designed to cover tuition, boarding, and other approved school expenses.
Members may hold this loan simultaneously alongside an active salary loan.
Loan amount is determined by the member's savings and share balance.
Disbursement is aligned with school term schedules where possible.
Repayment terms are agreed upon at loan origination.
Subject to Sacco credit assessment and approval.

Application form

1.4% per month · 3-year repayment

Loan 05

Real Estate Loan

Become a landlord — Khasakh makes property ownership possible.

Buy land or residential property
Property can be the collateral
Sale agreement or proof needed

Terms & conditions

Available to all active Sacco members in good standing.
Interest rate is 1.4% per month on the outstanding balance.
Loan is repayable over a period of 3 years.
Designed to finance purchase of land or residential property.
The property being financed may be used as collateral security.
Members must provide proof of ownership or sale agreement for the intended property.
Loan amount is subject to the member's savings, shares, and Sacco credit assessment.
Total deductions must not exceed 50% of the member's net pay.
Subject to Sacco board approval for larger loan amounts.

Application form

10% flat · repay in 2 months

Loan 06 · Emergency

Kagwilawo Loan

When life's unexpected moments arrive — Khasakh responds within 24 hours.

Processed within 24 hours
For genuine emergencies
Short written explanation needed

Terms & conditions

Available to all active Sacco members in good standing.
Designed specifically for genuine emergency financial needs.
Processed and disbursed within 24 hours of application.
Interest rate is 10% flat on the loan amount.
Full repayment is due within 2 months of disbursement.
Loan amount is subject to the member's savings and share balance.
Member must provide a brief written explanation of the emergency.
Subject to Sacco credit officer review and approval.

Application form

16% per annum

Loan 07

Khasakh Business Loan

Grow your business with financing built for entrepreneurs and traders.

Registered business, 1+ year old
Valid trading licence
Up-to-date books of accounts

Terms & conditions

Available to all active Sacco members running a registered business.
Interest rate is 16% per annum on the outstanding balance.
The business must have been in operation for at least 1 year.
Applicant must hold a valid operational business license.
Business must maintain up-to-date books of accounts as proof of operations.
Loan amount is determined by business cashflow, savings, and share balance.
Total deductions must not exceed 50% of the member's declared income.
Subject to Sacco credit assessment and board approval for larger amounts.

Ask to apply

UGX 100K max · repay in 1 month

Loan 08 · Via MSACCO app

Instant Loan

Quick, digital, hassle-free — apply and receive funds in the MSACCO app.

No paperwork or branch visit
Must be active on MSACCO
Good repayment raises your limit

Terms & conditions

Available to all active Sacco members registered and active on the MSACCO app.
Maximum loan amount is UGX 100,000 per application.
Entire process is digital — applied for and disbursed through the MSACCO app.
Full repayment is due within 1 month of disbursement.
No physical paperwork or branch visit required.
Subject to the member's savings balance and account standing.
Consistent and timely repayment may qualify member for increased future limits.
Late repayment attracts penalty charges as per Sacco policy.

Apply in MSACCO app

Loan eligibility

Three pillars of credit access

Your loan ceiling is calculated from your shares, savings and net pay.

Shares × 3+Savings × 2+Net Pay × 1

Minimum share capital is 64 shares, equal to UGX 1,600,000.

Savings

For a land loan, minimum savings are UGX 1,000,000. For other loans, your savings × 2 counts toward eligibility.

Net pay

Total deductions must not exceed 50% of your net salary.

Real estate projects

Land ownership for every member

Members buy prime plots at preferential prices, and can finance them with a Real Estate Loan.

2023

Gayaza – Kiwenda

Our first project: 27 plots. Members paid UGX 26M, non-members UGX 30M.

All 27 plots sold

2024

Mukono – Kisowera

37 plots with scenic views and easy access to amenities. Members UGX 22M, non-members UGX 26M.

8 plots available Download estate loan form →

2025

Matugga – Sanga

48 plots with road access, electricity and national water.

All 48 plots sold

Deposits & mobile banking

Manage your account anywhere

Deposit, check balances and apply for an Instant Loan with the MSACCO app, or use internet banking at internet.sp5.app.

Use the phone number registered with KHASAKH. Airtel business code: 1165165.

Download the MSACCO app from Google Play Store.
Tap "Get MSACCO Number" twice and search for Khasakh.
Enter your Khasakh member number (e.g. KHASK*****) and add 1 at the end.
Enter your registered phone number as the primary number.
You receive an MSACCO number. Save it for login.
To deposit, tap the deposit icon, enter your phone number and amount, then your mobile money PIN.