- Interest
- 1% per month (12% p.a.)
- Repayment
- 12–24 months
- Loan limit
- 3× deposits
Empowering overseas educational aspirations
Magister Sacco proudly presents the Masomo Loan, a specialised financial product designed exclusively for education financing. Whether you’re an individual pursuing overseas higher education or a group with collective educational goals, the Masomo Loan offers tailored solutions to meet your needs.
Individual Masomo Loan
Choose our individual Masomo Loan for personalised financial support on your educational journey. It offers flexible terms and competitive rates, helping you achieve your educational aspirations with ease.
Group Masomo Loan
For communities, educational institutions or study groups with shared educational visions, Magister Sacco provides the Group Masomo Loan. Enjoy the benefits of collaborative financing, making education accessible to a wider audience.
What the loan covers
The Masomo Loan pays the following on behalf of the student, as per invoice and within the loan limit of the student’s parent or guardian:
- Tuition fees
- Medical cover
- Airline tickets
- Accommodation and living expenses
Who can apply
Kenyan citizens aged 18 and above who have completed high school in Kenya with a minimum grade of D, hold a valid offer letter from their education provider, and meet all academic entry requirements for their course. Their parents or guardians must be active members of Magister Sacco.
See the frequently asked questions for how the loan amount, guarantors and repayments work.