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Biashara Sacco Panic SMS


Last night the over 97,000 Biashara Sacco Members received an alarming text message purportedly from the sacco. The text message advised the Sacco members to withdraw all their savings by 31st Aug 2019 before the sacco goes down financially.  

According to customers interviewed by our Newsline reporters, the message was maliciously sent to send members on a panic withdrawal spree and eventually bring the sacco down. The message read..“Dear John. Please withdraw your money by 31/08/2019 before the sacco closes down”.



However, the sacco chairman Joseph K Njamuku, while talking to our reporter assured all members that their savings are well secured and that security agencies are investigating the source of the malicious text message.

Biashara Sacco Chairman Joseph K Njamuku

“Let it be known that all your hard earned savings are safe and we remain committed to safeguard this. We remain committed to remain your reliable business partner.”, the sacco chairman Joseph Njamuku said.

Biahsara sacco Limited was started in Nyeri town and so it’s headquarter is based in Nyeri town. Over the years, the sacco has experienced growth that has seen the sacco open other branches in Karatina, Othaya, Kiawara, Nanyuki, Embu,Rware, Thika and Nairobi Branch, and to bring services closer to its customers, all branches are interconnected through a Wide Area Network.

Biashara sacco offers development loans, emergency loan, beba loan, jipange loan, special loan among others.

Should you have any query, contact the sacco on 061 2034206/ 0722557188 or email  info@biasharasacco.co.ke