Balozi Sacco Membership Eligibility & Requirements

This article focuses on Balozi Sacco membership eligibility and requirements. Balozi Sacco was founded and registered on 14th July 1975 with the then Ministry of Agriculture, Livestock, Fisheries & Co-operatives, under the Co-operative Societies Act.

In July 2021, the Sacco was among the first 25 non-withdrawable deposit-taking Saccos to be issued with a regulation license by the Sacco Societies Regulatory Authority (SASRA).

Balozi Sacco Membership Eligibility

The Sacco draws its membership from the following;

  • US embassy.
  • USAID.
  • US peace corps.
  • KEMRI WRP/ CDC.
  • US amru- K.
  • Canadian embassy.
  • G.I.S.
  • Ampath plus.
  • H.J.F.
  • Land O Lakes Inc.
  • B.B.C.
  • Chemonics.
  • D.A.I.
  • Israel embassy.
  • KK security.
  • Affiliates.
  • ABT Associates Inc.
  • AGRA.
  • PFK.
  • Spouses of children of current members.

Balozi Sacco Membership Requirements

  • Complete the membership application form which is available on the Sacco’s website or can be picked from the Sacco’s office.
  • Be 18 years old and above.
  • Abide by the by-laws.
  • Pay registration fee of Kshs 2,010 for new applicants and Kshs 7,010 for rejoining applicants.
  • Signed allotment form (for check off), standing order/ funds transfer/ cash or cheque deposits/ mpesa accepted.

Once the membership application form has been processed, you will get an email notification from the Sacco indicating your membership number and later on your online access credentials.

Benefits of Joining Balozi Sacco

  • Enjoy various products and services.
  • Dedicated and skilled team.
  • Vehicle for investment thus creation of wealth.
  • Earn high interest/ dividends.
  • Access more funds than savings.
  • Access cheap funds with no stress.
  • Enjoy excellent services.
  • Enjoy insurance services.

Balozi Sacco Products

Savings Products

  • Share capital.
  • Deposits.
  • Benevolent fund scheme.
  • Ekeza fund scheme.
  • Ekeza  fund- chamas.

Loan Products

  • Normal loan.
  • Boresha loan.
  • Super loan.
  • Collateral loan.
  • Special loan.
  • School fees loan.
  • Okoa advance loan.
  • M-cash loan.
  • Karibu loan.
  • Car loan.
  • Emergency loan.
  • Insta loan.
  • Insta plus loan.
  • Quick pesa loan.

Balozi Sacco Contacts

Location: Golf View Suites, 3rd Floor, Muthaiga, Along Wambui Road, Nairobi.

Contacts: 0720 833 326/ 0733 967 707/ 020 221 1600.

Zack Abuyeka

I am the third eye.My duty is to keep you updated of the current trends and events happening round the globe.