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Hazina Sacco

Hazina Sacco Membership

SACCO membership · Regulated by the SASRA

What is this?

You join a co-op owned by its members. You pay KES 1,000 to register, build KES 16,000 of shares, and save KES 1,000 a month or 5% of your basic pay, plus KES 200 for the welfare fund. The surplus is shared each year — but the pages do not say at what rate.

The details that matter for this kind of plan

Declared ratesNot published on the pages read
What it takes to joinKES 16,000 of shares (rising KES 1,000 a year), KES 1,000 fee; KES 1,000 a month or 5% of basic pay
Every month, on topKES 200 to the welfare fund
LeavingDeposits refunded in full 60 days after written notice; shares transfer to another member
Regulator"Regulated by SASRA" — its own FAQ says so

What does it cost you?

Taken off each payment you makeKES 1,000
Admin chargeKES 200
Yearly charge on your moneynot disclosed
  • · A co-op has no management fee in the fund sense; its running costs come out of the surplus before the rate is declared, and are not itemised for members on these pages.

What if you stop paying?

Your shares and deposits stay and keep earning what is declared. The welfare fund is due every month.

What if you need the money early?

You write to leave and get all your deposits back after 60 days. Shares are not refunded; you sell them to another member.

Who this suits

It could work for you if

You work for government or a large employer and want loans against your savings, with a welfare fund on top.

Think twice if

You want the declared rate before you join. It is not on the pages read.

How openly does this company explain its charges?

CLeaves real gaps9 of 14 answered
  • What do they charge you every year?
    A co-op has no management fee in the fund sense; its running costs come out of the surplus before the rate is declared, and are not itemised for members on these pages.
  • What is taken off the money you pay in?
    KES 1,000, taken from joining, once, as a registration fee.
  • What does it cost to get out early?
    No exit penalty is printed in the sources we checked.
  • What is the smallest amount you can start with?
    KES 1,000.
  • How long is your money tied up?
    2 months.
  • Is the advertised return before or after their charges?
    This product does not advertise a return.
  • Do they warn you the return is not guaranteed?
    This product does not advertise a return.
  • Do they tell you what you get back if you stop early?
    You get whatever your money is worth on the day. There is no schedule.
  • Do they list what is not covered?
    This is not insurance, so there is nothing to exclude.
  • Are all their charges published?
    No. 1 charge is mentioned without a figure.
  • Do they say who regulates them?
    Yes — the SASRA. That is who you complain to.

This grades how openly things are explained, not whether the plan is good or bad. See how we work it out.

Things to know before you sign

  • · No declared dividend or deposit rate appears on the brochure or the FAQ.
  • · To join: KES 1,000 fee, non-refundable; KES 16,000 of share capital as at December 2024, rising KES 1,000 a year; KES 1,000 a month or 5% of basic salary; KES 200 a month to the welfare fund.
  • · Deposits are refunded in full 60 days after written notice. Share capital is not refunded; it is sold to another member.
  • · Hazina's FAQ says it is regulated by SASRA. It is entry 48 on SASRA's 2026 register.

Talk to them

Compared with the others

There are 17 other plans of this kind on the board. See all 18 side by side — what each one leaves you with, and which of them will not say.

Where we got this