Payments Processing world over has seen a lot of changes necessitated by technological advancement and the increase in Volumes of transactions. This, coupled with increased customer requirements in terms of customer satisfaction and experience makes it a competitive advantage for proactive and innovative financial institutions.

Salo Chap Chap is an efficient, transparent, and seamless Payments processing solution that aims at improving the Payments processing experience for Paymasters and in the process ensure members are delighted in time and empowered for life. This is achieved with high level visibility of transactions to both the Paymaster and Stima Sacco. This solution is used for processing Salaries, Allowances and Pension Payments.

Benefits of Salo Chap Chap

To Members
To Paymasters
Receive Payments in a Timely and efficient manner.
Visibility of transactions
Quick resolution of Complaints hence improved Customer experience
Savings in transaction costs since a single payment is made
Increased Non funded income which will translate to dividends and interest rebates at the end of the year
Easy tracking of transactions
Quick resolution of staff complaints when they arise.
Have Control over the payments processing

Difference between Salo Chap Chap and Other Processing Methods

Increased Visibility of transactions Both to Paymasters and Stima Sacco
Lack of visibility
Increased Visibility of transactions Both to Paymasters and Stima Sacco
Shorter Complaint resolution cycle
Gives the Paymaster Control of the process without delegating the responsibility of the Sacco in Payment processing
Gives control to third Parties and the Sacco
More Secure
Less secure

remittance options


  • Customer downloads app pesadirect or visits
  • After installing the app, enter the amount to Send and click “continue”
  • Click “Sign Up” or login if you had previously registered on
  • Sign up as a new user
  • Select Receive Method as “Bank or Sacco Deposit”. Click “Add new Bank or Sacco”
  • Select Stima Sacco from the list
  • Enter your Stima Sacco Account Number 802*******00, and click “Add Bank or Sacco”
  • Add your method of payment (Debit Card preferred)
  • Review order information, and if OK, click “confirm”
  • Your Transaction is Complete! You may download the receipt for your records


Bank details to use

  • Account name: Stima Sacco Society
  • Account number: 01120069062600
  • Bank: Cooperative Bank
  • Branch: Stima Plaza Branch
  • Swift Code: KCOOKENA
  • Branch Code: 11035


Members with mpesa access can send directly using the Paybill options below.

Deposit using Mpesa

  • You need to be an M-PESA registered customer
  • Go to M-PESA on your phone menu
  • Select Payment Services/ Lipa na M-Pesa
  • Select Pay Bill Enter 823244

For Monthly Deposit, enter 802xxxxxxx00, where xxxxxxx is your member number.

For shares Capital, enter 800xxxxxxx00, where xxxxxxx is your Member number.

For Deposit into Prime a/c enter 801xxxxxxx00, where xxxxxxx is your member number.

NB: Your membership number ought to be seven digits.

  • Enter the amount you wish to pay
  • Enter your M-PESA PIN, confirm details are correct and press OK