‘Usitupe Mbao’ retirements benefits scheme from RBA targets blue medium and small micro-enterprises (MSMEs) Jua Kali individuals from Kenya’s informal sector, where members pay their contributions using mobile money transfer services, in this case Mpesa and Airtel money. The mbao program is totally voluntary and is aimed to help members save for their retirements with a minimum of Kshs.20/$0.25 daily contributions (mbao is a popular phrase in Kenya meaning Kshs.20/$0.25). There are several insurers in Kenya with low minimum contributions; however, what makes the ‘Usitupe Mbao; Jipange na Mbao Pension plan’ stand out is the mode of payment. As of now, the number of Kenyan’s saving for their retirement is wanting, a case that’s replicated in the entire developing world as well as developed nations. The program gives members what most pensioners failed to achieve; saving for a comfortable retirement in an easy, affordable and convenient way.
- Corporate Trustee: Kenya Commercial Bank (KCB) Group
- Investment Managers: Co-op Investment Services limited
- Custodians: KCB Group
- Administrators: Eagle Africa Insurance Brokers limited
- load money on your Mpesa account
- Go to Mpesa Menu
- Choose Pay Bill
- Enter the Mpesa Business number 710710
- Under Account, Enter your National ID No.
- Enter PIN then Press OK and wait for confirmation SMS.
- Load Money to your Airtel Money account
- Go to Airtel Money Menu
- Choose to make Payments
- Pay Bill select Other
- Enter Business Name Mbao
- Enter the amount and PIN
- Under Reference, Enter your National ID No.
how do I withdraw my money
Hello? I am in Mombasa. How can I join mbao scheme?
What is the procedure of making withdrawals online during the pandemic? I would like to do a partial withdrawal and have the funds deposited to my M-Pesa account.
kindly give us clear procedures of withdrawal cos sometimes one is in ksm or even Mombasa,and traveling to nrb to fill a withdrawal form is costly and hectic………we pay through the phone so why is it hard to send my cash back after notifying the office i want to withdraw?
Your withdraw and balance system is poor ..it makes hard to save with you
Comment:I want to widthraw my money to enable me attend other pressing matters and I have been a member for more than 4 years.what’s the procedure.
Want to make withdrawals , in Kisumu
I’m 66 years of age and I want to withdraw my mbao pension funds, advice me please the way forward. Thanks
Please where can I find the quick response to my question. Thanks
Can I gate a loan when I come a member?
Hi,how can I withdraw my money
I want withdraw my money
Kindly would like to withdraw in Kisumu, assist please
Kindly would like to withdraw some of my savings
Pliz give us a detailed withdraw procedure before I term this as a scam
What is the current paybill no??
I want to know my balance and the contacts of mbao
would like to withdraw my money.how do i go about it
Can I withdraw my contributions online and how long does it take.its an emergency. Kindly reply the soonest possible.
How can i access my account online
Can I withdraw?