SASRA Compliance Ready
M-Pesa Daraja Integrated
FOSA & BOSA Modules
Mobile Banking Ready
KDPA 2019 Compliant
About Our SACCO Practice

IT Solutions Built for Kenya's
SACCO Sector

Kenya is home to over 14,000 SACCOs — one of the largest cooperative movements in Africa. Yet most SACCOs still rely on manual ledgers, Excel spreadsheets, or outdated software that cannot handle M-Pesa integration, mobile banking, or SASRA's evolving compliance requirements. Digital transformation is no longer optional for SACCOs competing with mobile money and digital lending platforms.

Algosoft Technologies builds SACCO management software purpose-designed for Kenya's cooperative sector — M-Pesa Daraja STK Push for member savings deposits, C2B Paybill for loan repayments, B2C disbursements for approved loans, FOSA teller operations, BOSA back-office processing, SASRA prudential return reports, CRB (Metropol/TransUnion) credit checks, and KDPA 2019-compliant member data management for DTS and non-DTS SACCOs alike.

  • M-Pesa Daraja Integration — Members deposit savings via STK Push, repay loans via C2B Paybill, and receive loan disbursements via B2C — all automatically reconciled in the SACCO ledger.
  • SASRA Compliance — Automated prudential returns, DTS capital adequacy reporting, liquidity ratios, and member data registers meeting SACCO Societies Act 2008 and SASRA guidelines.
  • FOSA & BOSA Modules — Front Office Savings Activity (teller operations, counter transactions) and Back Office Savings Activity (share capital, member savings, dividends) fully integrated in one platform.
150+
Projects Delivered
10+
Years Experience
4.9★
Client Rating
47
Counties Covered
SACCO Management System FOSA Module BOSA Module M-Pesa Daraja Mobile Banking SASRA Returns Loan Processing CRB Integration KDPA 2019
Fixed-Price, Milestone-Based Projects
Post-Launch Support & Maintenance
Request a Free SACCO Demo →
SACCO Software Solutions

Software Systems We Build
for SACCOs in Kenya

SACCO Management System (SMS)

A comprehensive back-office system covering member registry, share capital, savings accounts, loan processing, dividend computation, SASRA regulatory reporting, and financial statement generation.

Mobile Banking App for Members

An Android app where SACCO members can view savings balances, loan statements, apply for loans, deposit via M-Pesa STK Push, and receive SMS/push notifications for transactions — available offline for rural members.

Loan Management System

End-to-end loan lifecycle management — application, guarantor linking, CRB credit check, appraisal, committee approval workflow, M-Pesa B2C disbursement, repayment tracking, and arrears management.

FOSA (Front Office Savings Activity)

Teller counter system for over-the-counter cash deposits, withdrawals, loan repayments, account inquiries, till management, daily teller reconciliation, and M-Pesa POS integration for cashless transactions.

Member Self-Service Portal

A web portal where SACCO members log in to view statements, download share certificates, submit loan applications, update personal details, and communicate with SACCO management — accessible from any browser.

SASRA Regulatory Reporting Tool

Auto-generated SASRA prudential returns, DTS capital adequacy reports, liquidity ratios, member data registers, audit trail logs, and AGM financial statements — all formatted to SASRA submission standards.

Core Capabilities

Key Features of Algosoft's
SACCO Software Platform

Member Registry & Share Capital

Centralised member database with national ID verification, KYC documents, share capital tracking, membership status, next-of-kin, and dividend entitlement calculation based on member shares.

M-Pesa Savings Deposits (STK Push)

Members initiate savings deposits from their M-Pesa via STK Push prompt — funds are automatically confirmed via Daraja C2B callback and posted to the member's savings account in real time.

Loan Processing & M-Pesa Disbursement

Digital loan application forms, guarantor verification, configurable appraisal checklists, committee approval workflows, and automatic M-Pesa B2C disbursement to the approved member's phone number.

Loan Repayment via M-Pesa Paybill

Members repay loans via SACCO's M-Pesa Paybill (C2B) — payments auto-reconcile, reduce the outstanding principal/interest balance, and trigger SMS receipts confirming the repayment and updated balance.

Dividend & Interest Computation

Automated end-of-year dividend calculation based on share capital held per member, interest rebates on qualifying loans, withholding tax computation, and distribution statements for AGM presentation.

CRB Credit Check Integration

Real-time credit reference bureau queries via Metropol or TransUnion Kenya API during loan appraisal — returning CRB score, outstanding facilities, and non-performing loan history to inform loan decisions.

Investment Guide

SACCO Software Development Cost
in Kenya — 4 Investment Tiers

TIER 01

Member Portal MVP

$8,000+

2–3 months
Member Registry & Profiles Savings Account Tracking M-Pesa STK Push Deposits Basic Loan Application Form Admin Web Dashboard SMS Notifications (Africa's Talking)

TIER 02

Full SACCO Management System

$22,000+

4–6 months
Everything in Tier 01 FOSA Teller Operations BOSA Back-Office Processing Full Loan Management System M-Pesa C2B Paybill Repayment Dividend & Interest Computation SASRA Regulatory Reports

TIER 03

Mobile Banking Platform

$45,000+

6–9 months
Everything in Tier 02 Android Mobile Banking App Member Self-Service Portal CRB Credit Check Integration Multi-Branch Support B2C Loan Disbursement (M-Pesa) Audit Trail & Compliance Logs

TIER 04

Enterprise Multi-SACCO Platform

$100,000+

9–14 months
Everything in Tier 03 Core Banking Lite Integration Multi-SACCO / Umbrella Body Support iOS App + Web Banking Portal API Integration (IPRS, KRA, CRB) White-Label for SACCO Groups Dedicated DevOps & SLA Support
All cost ranges are indicative. Final pricing depends on the number of SACCO branches, member volume, integration complexity, and required SASRA reporting formats. Request a free itemised quote →
Why Choose Algosoft

Why SACCOs in Kenya Choose
Algosoft Technologies

01

SASRA Compliance Expertise

We understand Kenya's SACCO regulatory landscape — SASRA prudential requirements, SACCO Societies Act 2008, DTS vs non-DTS classification, capital adequacy thresholds, and AGM financial reporting formats.

02

Deep M-Pesa Integration Experience

Over a decade of M-Pesa Daraja API integrations — STK Push deposits, C2B Paybill repayments, B2C loan disbursements, and real-time reconciliation — means reliable, battle-tested payment flows for your SACCO.

03

Kenya SACCO Sector Knowledge

We understand SACCO-specific business logic — guarantor linking, multiple active loans, checkoff deductions from employer payroll, share capital rules, and the distinction between FOSA and BOSA operations.

04

Mobile-First for Rural Members

Many Kenyan SACCO members are in rural areas with intermittent connectivity. Our mobile banking apps work with low-bandwidth connections and include offline transaction queuing with automatic sync.

05

Fixed-Price, Milestone-Based Projects

No hourly billing surprises. We scope your SACCO software requirements, deliver a fixed-price proposal, and release software against agreed milestones — with transparent progress at every stage.

06

Post-Launch Support & Regulatory Updates

As SASRA updates its guidelines and reporting formats, we keep your software current. Our maintenance plans cover bug fixes, Android OS updates, M-Pesa API upgrades, and new SASRA compliance requirements.

FAQs

IT Solutions for SACCOs in Kenya
Frequently Asked Questions

Algosoft builds a full range of SACCO software in Kenya — SACCO Management Systems (FOSA + BOSA), mobile banking apps for members, loan management systems with M-Pesa B2C disbursement, member self-service web portals, SASRA regulatory reporting tools, CRB credit check integration, and agency banking solutions. All systems integrate with M-Pesa Daraja for seamless digital transactions.
Yes. Algosoft integrates M-Pesa Daraja API with SACCO software in three directions: STK Push for member savings deposits (member initiates from their phone), C2B Paybill for loan repayments (member pays to SACCO Paybill number), and B2C for approved loan disbursements (funds sent directly to member's M-Pesa). All transactions auto-reconcile with the member's account in real time.
Yes. Our SACCO management systems are designed around SASRA's regulatory requirements under the SACCO Societies Act 2008 — generating prudential returns, DTS capital adequacy reports, liquidity ratio calculations, member data registers, and audit trail logs in SASRA-compliant formats. We also ensure data management complies with KDPA 2019 for member personal data protection.
FOSA (Front Office Savings Activity) is the teller-facing system for over-the-counter cash deposits, withdrawals, loan repayments, account inquiries, and till management. BOSA (Back Office Savings Activity) covers share capital management, savings accounts, loan processing, dividend computation, and SASRA reporting. Algosoft builds both as integrated modules within a single SACCO management platform.
Yes. We build Android mobile banking apps for SACCO members that allow savings balance inquiries, loan statement downloads, M-Pesa deposit initiation, loan application submission, and push/SMS notifications for all transactions. The app works with low-bandwidth connections and can queue transactions offline for rural members, syncing when connectivity is restored.
SACCO software development costs in Kenya range from $8,000 for a basic member portal with M-Pesa deposits to $22,000+ for a full SACCO management system (FOSA + BOSA + loan processing + SASRA reports) to $45,000+ for a platform with mobile banking app and CRB integration. Multi-SACCO enterprise platforms start at $100,000+. All prices are for fixed-scope custom development — contact us for a free itemised quote.
Yes. Our SACCO loan management systems cover the full loan lifecycle — online application forms, guarantor linking, CRB credit checks (Metropol/TransUnion), configurable appraisal checklists, committee approval workflows, M-Pesa B2C disbursement, repayment tracking via Paybill, arrears management with penalty computation, and loan restructuring. Multiple loan products (normal, emergency, school, development) are supported.
Yes. Every SACCO software project includes a structured handover with staff training for tellers, loan officers, and administrators. Post-launch, we provide maintenance plans covering bug fixes, M-Pesa Daraja API updates, SASRA reporting format changes, Android OS compatibility updates, and feature additions as your SACCO grows. We offer both ad-hoc support and monthly retainer arrangements.
Kenya's SACCO IT Partner

Ready to Digitise Your SACCO?

From a basic M-Pesa member portal to a full FOSA/BOSA management system with mobile banking — Algosoft Technologies builds SACCO software that is SASRA-compliant, M-Pesa-native, and built for Kenya's cooperative sector across all 47 counties.

Request a Free SACCO Demo View Our Projects

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