Hazina Sacco Society Ltd is a nationwide deposit-taking SACCO established in 1971 under the Co-operative Societies Act. With more than 34,000 members across Kenya, the SACCO provides savings, competitive dividends, affordable loans and full FOSA banking services. This guide explains who can join, contributions required, loan products, mobile loans, savings accounts, and step-by-step joining instructions.
About Hazina Sacco
Hazina Sacco is a regulated savings and credit co-operative offering members an opportunity to grow their deposits while accessing a wide range of loan and banking services. The SACCO serves members from government institutions, private organisations and independent commissions, making it one of Kenya’s most accessible co-operatives.
Membership Eligibility
The following groups can join Hazina Sacco:
- Employees of national government
- Employees of county governments
- Staff of state corporations and parastatals
- Employees of private organisations
- Employees of Hazina Sacco
- Staff of independent commissions
Benefits of Joining Hazina Sacco
Members enjoy:
- A reliable platform for structured savings
- Attractive interest on deposits and dividends on share capital
- Access to loans after only one payroll deduction for check-off members through the Jibu Loan
- Long loan repayment periods of up to 108 months
- Loan limits of up to KES 40 million based on deposits
- Access to salary-based loans of up to KES 5 million
- Loan buy-offs from other financial institutions
- Top-ups on existing loans
- Faster loan processing
- Access to salary advances
- Competitive loan interest rates
- Diverse banking services including salary processing, ATM, EFT and RTGS
How to Join Hazina Sacco
To become a member:
- Fill in the membership application form and submit it via email or deliver a physical copy.
- Attach the following documents:
- Copy of National ID
- Passport-size photograph
- Current payslip for check-off members
- Registration fee of KES 1,000
- The application form is available for download on the SACCO’s website.
Member Contributions
- Registration fee: KES 1,000 (one-off)
- Share capital: KES 16,000 (increases by KES 1,000 annually from December 2024)
- Monthly deposit: KES 1,000 or 5 percent of basic salary
- Welfare contribution (Benevolent Fund): KES 200
Benevolent Fund Payouts
| Beneficiary | Amount (KES) |
|---|---|
| Member | 100,000 |
| Spouse | 75,000 |
| Children up to 25 years (maximum 2 claims per year) | 50,000 |
| Biological parents | 30,000 |
Loan Eligibility
- Check-off members qualify for a Jibu Loan after the first payroll contribution is remitted.
- General members qualify for loans after four months of consistent contributions.
- Members transferring 100 percent of their deposits from another SACCO qualify for loans immediately after their first deduction.
- Loans are granted up to five times member deposits and up to six times for Super Loans.
Loan Requirements
- Duly filled loan application form
- Current payslip
- Private members (non-check-off) must provide:
- Six-month bank statement
- Standing order for loan repayment
- Guarantor consent form
Hazina Sacco Loan Products
BOSA Loans (Back Office Service Activities)
| Loan Type | Deposit Multiplier | Interest Rate (Reducing Balance) | Repayment Period (Months) | Maximum Loan |
|---|---|---|---|---|
| Super Loan | 6 | 1.2% | 108 | KES 40M |
| Normal Top-up Loan | 5 | 1.1% | 96 | KES 40M |
| Normal Loan | 5 | 1% | 84 | KES 40M |
| Daraja Loan | 5 | 1% | 48 | KES 40M |
| Jibu Loan | 5 | 1% | 24 | KES 300,000 |
| Emergency Top-up Loan | 5 | 1% | 18 | KES 40M |
| Emergency Loan (Emergency, School Fees, College Fees) | 5 | 1% | 12 | KES 40M |
| Stawisha Loan (Home improvement) | – | 1.2% | 24 | KES 350,000 |
Hisa Loan
- Boosts deposits for qualification for BOSA loans
- Limit: KES 500,000 (subject to board discretion)
- Interest: 5 percent
- Considered cash boosting in BOSA and attracts a 10 percent charge
FOSA Loans (Front Office Service Activities)
Accessible to members whose salary is processed through FOSA.
| Loan Type | Interest Rate (Reducing Balance) | Repayment Period (Months) |
|---|---|---|
| Karibu Loan | 1.17% | 60 |
| HSF Special Advance Loan | 1.15% | 36 |
| HSF Okoa Loan | 1.1% | 18 |
Mobile Loans
Flash Advance Loan
- Limit: 20 percent of deposits or KES 60,000 (lower of the two)
- Repayment: 1, 2, 3 or 4 months
- Interest charged once:
- 1 month: 5 percent
- 2 months: 6 percent
- 3 months: 8 percent
- 4 months: 10 percent
- Members start at KES 10,000 and graduate through KES 20,000, 30,000, 40,000, 50,000 up to 60,000
Mobi Loan
- Limit: KES 60,000 or 300 percent of net pay (lower of the two)
- Repayment: 1–6 months
- Interest charged once:
- 1 month: 8 percent
- 2 months: 9 percent
- 3 to 6 months: 10 percent
- Available to members whose salary is processed through FOSA
Dividend Advance
- Limit: 60 percent of previous year’s dividends
- Recovered from dividends once paid
- Interest: 10 percent charged once
- Applied via mobile banking using *850# or the Hazina Sacco App
- Amount processed is half the previous year’s dividends minus the 10 percent interest
Hazina Sacco FOSA Savings Accounts
| Account Type | Minimum Operating Balance (KES) | Minimum Interest Earning Balance | Withdrawal Frequency | Interest per Annum |
|---|---|---|---|---|
| Ordinary Savings Account | 500 | N/A | Unlimited | N/A |
| Premium Savings Account | 1,000 | 5,000 | Once per quarter | Negotiable (4–6%) |
| Jipange Savings Account | 500 | N/A | Unlimited | N/A |
| Jewel Savings Account | 500 | 3,000 | Twice per year | N/A |
| Fixed Deposit Account | 20,000 | 20,000 | Twice per year | Negotiable |
FOSA Banking Services
Members can access:
- Salary processing
- Bankers cheques
- Standing orders
- ATM services
- EFT and RTGS transfers
How to Access Funds
- Use ATMs at Co-operative Bank, Co-op Agents or any Visa branded ATM
- Over-the-counter withdrawals at Hazina Sacco FOSA
- Mobile banking via *850# or the Hazina Sacco App
Payment Details
Bank Payments
- Bank: Co-operative Bank
- Branch: Nairobi Business Centre
- Account Name: Hazina Sacco
- Account Number: 01120000553600
- Reference: ID Number plus relevant short code (for example: 12345678DEP)
M-PESA Payments (Paybill 850436)
- Go to Lipa na M-PESA
- Select Paybill
- Business number: 850436
- Account number: ID Number plus code
- For deposits: 12345678DEP
- For welfare: 12345678WEF
- For entrance fee: 12345678ENT
Contact Information
- Email: marketing@hazinasacco.or.ke | customercare@hazinasacco.or.ke
- Phone: Mombasa 0717 445 552 / 0772 922 081
- Siaya 0717 445 553 / 0772 922 083
- Vihiga 0717 445 726 / 0722 922 088
- Kitale 0114 727 913
