This is a list of Magereza Sacco branches in Kenya. Magereza Sacco is licensed by the Sacco Societies Regulatory Authority as a deposit-taking Sacco.
Magereza Sacco was registered in 1971 and derives its membership from correction institutions including prisons, juvenile homes, immediate families of the staff of these institutions, parastatals with salary check-off systems and other government ministries.
The Sacco offers both savings and credit services to members. To date, it has a membership of over 22,000 active members and a turnover of 596 million shillings. With an asset base of more than 7.08 billion, Magereza Sacco is one of the largest deposit-taking Saccos in Kenya.
Membership Eligibility
An applicant shall be admitted to membership on approval by the Board of Directors. A membership fee of Kshs 500 is paid on admission. Members enjoy numerous benefits offered nowhere else.
Magereza Sacco Loans & Savings Products
1. BOSA Products
This is the core Sacco function that enables members to save and be able to access credit facilities. Below are the Bosa products and services.
- Normal loan.
- Supersaver loan.
- Express loan.
- Branch loans.
- Benevolent fund.
- Super loan.
- Dividend advance.
- Msingi loan.
- Golden loan.
2. Magfosa Products
FOSA provides banking services for members. It has its own savings account and credit products. Below are the FOSA products and services.
- Ordinary savings account.
- Fixed deposit account.
- Bosa loan advance.
- Jijenge loan.
- Salary advance.
- School fees loan.
- Bankers cheque.
- Jijenge loan.
- Karibu loan.
- Re-financing loan.
- Bosa loan advance.
- M-banking.
Other services
- Mpesa services.
- Monthly salary/pension processing.
- Standing orders.
- Boosting of shares.
- Offsetting external loans.
List of Magereza Sacco Branches in Kenya
1. Head Office
Location: Mageso Chambers, Along Moi Avenue, Nairobi.
Contacts: 0716 315 155, 0718 224 956.
Email: magereza@magerezasacco.co.ke.
2. Eldoret Branch
Location: Post Bank House, Uganda Road, Eldoret Town.
Contact: 0797 671 887.
Email: eldoret@magerezasacco.co.ke.
3. Mombasa Branch
Location: Shimo La Tewa.
Contact: 0716 853 257.
Email: mombasa@magerezasacco.co.ke.
4. Ruiru
Location: Prison Staff Training College, Ruiru Town.
Contact: 0775 463 716.
Email: ruiru@magerezasacco.co.ke.
5. Kisumu Branch
Location: Pioneer Building, Oginga Odinga Street, 2nd Floor, Room 205.
Contact: 0775 613 113.
Email: kisumu@magerezasacco.co.ke.
Even More:
- List Of Best Saccos To Join In Kenya
- List of Largest Deposit-Taking Saccos In Kenya By Asset Base
- List of All Licensed SACCOs In Kenya
