Mhasibu Sacco Paybill Number; How to Deposit using M-PESA

Mhasibu is a Swahili word that means “Accountant”. The sacco which was registered back in the year 1986 has grown over the years and amassed a large membership. The mhasibu Sacco whose head office is located in Nairobi, has grown tremendously. The Sacco offers banking solutions just like other Saccos. The Sacco allows members to deposit money to Sacco’s account, repay loans, and much more. This is possible thanks to the Mhasibu Sacco Paybill Number 540700.

The Sacco was registered by the Co-operative Societies Act (Cap.490) of the Laws of Kenya by the Institute of Certified Public Accountants of Kenya (ICPAK), out of the need to provide savings and affordable credit facilities to its members. Mobile Banking has taken over and the need for visiting physical offices is now being a thing of the past. The Mhasibu Sacco Society has embraced this and instituted a Sacco paybill number 540700 to allow deposits and repayments.

How to Deposit to Mhasibu Sacco using the Mhasibu Sacco Paybill Number 540700

The procedure for normal deposits is just like depositing money to your normal bank account i.e. Equity Bank. The payments to the Sacco require a paybill number and an account number to identify the money destination. We outlined the entire process here for you to follow.

• Open your SIM Toolkit and Select the M-PESA menu or open the M-PESA app. You can also use *334# Safaricom USSD code
• Select the Lipa na M-PESA option
• Choose the Paybill option and enter the Mhasibu Sacco Paybill Number 540700
• Enter the Account number for deposit use the MHS******DEP for Deposit contribution where the ****** is the member number. The shortcodes for deposits are below.
• Enter Amount to Deposit
• Enter M-PESA PIN and submit

Mhasibu Sacco M-PESA/Bank Deposit Keywords