To: Balozi members

Subject: Extension of repayment period for M-cash

Date: 23rd March 2020

The board of directors of the SACCO acknowledges the difficult prevailing economic conditions in Kenya caused by the outbreak of COVID-19. The board has therefore extended the repayment period for M-cash loan from 2 months to 4 months effective immediately. This change will affect both the existing loans and the new applications. Members will now be required to service m-cash loan over a period of 4 months from the date of the issue.

Please note that this review is a temporary measure to assist members navigate through the current harsh economic conditions and may be changed from time to time through a written notice.

We wish to remind members who defaulted Okoa advance loan and or M-cash loan to pay back by 31st March 2020 to avoid being inconvenienced. Effective 1st April 2020, the SACCO shall list such defaulters with CRB and permanently blacklist them from accessing these products.

Kindly adhere to the government advise/instructions to avoid the spread of Coronavirus.


Yours faithfully,


Jorim Oyago

General Manager


To apply, dial *882# or download Xmobi Customer app (Google Play store for Android phones only version 6+)

Other details

* Security of the loan: Deposit

* Interest charged on default: 10% of outstanding balance

* Other costs: Network charges are borne by the applicant

* Top-up: Allowed at no extra cost but up to a maximum of Ksh. 70,000/-. The loans topped up must be paid within the initial due date