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Current Location
Current Location
Nairobi Province, Nairobi


1. Who Can Join Hazina Sacco Society?

  • Any person can join Hazina Sacco from all the segments of the market including:
  • Public Service employees.
  • Other Government Ministries and Parastals
  • Employees of Hazina Sacco Society
  • National Government & County Employees
  • Employees of Private organizations & Parastatals,
  • Private Individual members,
  • Chamas
  • Corporates

2. How do I become a member of Hazina Sacco Society?

 Fill in membership forms that can either be downloaded from our website or can be obtained from our offices or from the delegates at every county.

  • Attach a Copy of the National Identity Card and a passport size photograph.
  • Entrance fee Kshs 1,000
  • Minimum Monthly Contributions currently Kshs. 1,000 or 5% of members basic salary, whichever is higher and Kshs. 150 being Hazina Benevolent Fund Monthly.
  • Share Capital of Kshs. 13,000 and annual contribution of ksh.1,000

3. What are the Benefits of being a Member of Hazina Sacco Society?

  • Attractive dividends on shares and Interest on deposits
  • Competitive Interest Rates on special deposit account and other Savings Accounts
  • High savings will qualify for bigger Loans
  • High savings need less guarantors to secure personal loans
  • Access to Short and Long Term loans with competitive Interest Rates
  • Access to variety of savings accounts tailor made to your needs such as: Holiday Account(Jipange),Jewels Childrens Acounts,
  • Opportunity to save for Retirement

4. Where Hazina Sacco is located

  • Headquarter Offices at Kibera Road, off Ngong Road, behind Shell BP Petrol.

5. What is Hazina Sacco Benevolent Fund?

This Fund ensures that member savings and loans are insured in event of death. In the event of death of a member, the deposits are paid to the next of kin and the outstanding Loans are cleared by the insurance. The Fund also pays for the members Funeral expenses currently up to

Kshs 100, 000, Ksh. 75,000 to members spouse as well as Ksh.50, 000 for death of members’ child and Biological parents Kshs.30,000..

6. What do I require to open a FOSA Savings Account at Hazina Sacco Society?

  • Proper Identification documents ( National ID card or Passport)
  • Passport size photo to be taken upon opening of the Account
  • Opening Balance of Kshs 1,000

7. What are the Benefits of operating a FOSA?

  • Facility for banking
  • Facility for payment of all loans, refunds, dividends etc
  • Facility for Savings and Advances
  • Generates extra revenues for the Sacco
  • Contributes to overall performance of the Sacco.
  • Can access funds beyond working hours by use of the SACCO link ATM card.

8. How can I acquire a Sacco Link ATM/VISA card?

Sacco link ATM card is available to all our members who have FOSA account at an affordable charge. You can withdraw cash 24 hours through Co-operative Bank Auto Branch ATM Network countrywide or any VISA branded ATM.

9. What are Deposits?

This is monthly savings made to the Sacco by its members and is non-withdraw able except in complete termination of membership or upon death

10. What is share capital?

This is money invested in a Sacco by its shareholders. It’s a long term source of finance. It represents a unit of ownership. All Sacco societies are required by law to have minimum share capital. In Hazina the minimum is Kshs 13,000, with addition of ksh.1,000 annually. This fund is used to cushion against any loss that may be incurred by the Sacco in the future. For that reason this money cannot be withdrawn but only transferable in the event the member ceases membership.

11. Benefits of share capital to the society

  • Attracts dividends at the end of every year
  • Member owns part of the institution

12. How much do I need to save to acquire a loan with Hazina Sacco?

After 4 months of saving with the Sacco the member is entitled to a variety of loan products eg Development, Top up on development, School Fees, College Loan, Emergency loans, as well as Top up on Emergency loan which are granted 4 times of the member Deposits/savings

Fosa Loans advanced require a member to have salary to be channeled through the same to qualify. First Time Loan applicants are advanced loans at 4 times their deposits.

13. What security is needed to acquire a loan?

The Securities required include: Guarantors (who should be payroll based members of the Sacco) Plot Title deeds (Urban plots), Car log books, other securities include regular remittances such as: Monthly Savings Pension, Fixed deposit Accounts and Various savings accounts.

14. How long will my loan application take before disbursement?

All loans are processed as they are received as there is no waiting period. The loan disbursement options are through Electronic Funds Transfer (EFT) M-PESA, Bankers Cheques as well as RTGS. All members are encouraged to open FOSA accounts to access their funds easily with flexibility.

15. Can I transfer my deposits to another member?

Yes, all a member needs to do is to instruct the society in writing to transfer the deposits to another member.

16. Can I continue with my membership as an individual member after leaving the organization I work for?

Yes, you may place a standing order for both deposit and loan repayment.

17. Can I pay extra amounts outside payroll?

You can pay extra contributions/ Loan repayments using Bank deposits, standing order or direct payments through our Fosa.

18. Can I boost my deposits and take a loan immediately?

Yes, you can boost your deposits and apply for a loan immediately but this attracts a commission of 5%; this applies to existing members only.

19. Can I transfer my deposits from another Sacco to Hazina Sacco? What are the benefits?

One can transfer his deposits from another Sacco to Hazina SACCO. A member who does so is treated as an existing member upon joining the Sacco and is immediately eligible for a loan.

20. Can I offset my deposits against my loan?

A member is only allowed to offset his deposits against his loans if he is ceasing to be a member. He must then pay off the loan balance immediately if any. Offsets are only done when a member has asked those he has guaranteed to seek for guarantor replacements.

21. What channels can I use to repay for my Loan/ Deposits?

  • Through Check off system –deduction by the employer.
  • Bank Standing Order
  • Cash Payment through the FOSA or Society’s Bank Account at Co-operative Bank of Kenya.
  • Paybill (850436)

22. How can I withdraw from the SACCO?

  • Give a written notice of 60 days
  • Withdrawal is subject to clearance of all Sacco liabilities

23. Who owns Hazina Sacco?

Hazina Sacco Society is owned by the Members

24. What is the assurance of the SACCO’s stability and what measures have Hazina Sacco put in place to ensure it remains stable?

The Board and Management are managing the Sacco as per the Co-operative socities ACT, Rules and Sacco By –Laws. The Sacco has implemented the use of good Corporate Governance and Code of Ethics hence stability is guaranteed. The Sacco holds ADM’S yearly where reports and accounts are presented to the members. The SACCO is also licensed by SASRA as a Deposit Taking SACCO hence it’s regulated by the government.

For more details contact the Business Development & Loans Recovery Manager

Telephone: 020-2719098/2722106

Mobile: 0701819685-0701820219-0735926900

P.O Box 59877 – 00200 Nairobi

Email: info@hazinasacco.or.ke