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Hazina Sacco

Hazina Sacco Membership

SACCO membership · Regulated by the SASRA

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.

Hear when this changes

What to watch out for

  • 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.

The details that matter for this kind of plan

Declared rates
Not published on the pages read
What it takes to join
KES 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 top
KES 200 to the welfare fund
Leaving
Deposits refunded in full 60 days after written notice; shares transfer to another member
Regulator
"Regulated by SASRA" — its own FAQ says so
Dividend on shares
Share capital earns dividends at the end of every year.

How to open this

  • Open with KES 16,000
  • then KES 1,000 a month
  • locked in for 2 months

What does it cost you?

Taken off each payment you makejoining, once, as a registration feeKES 1,000
Admin chargeyou every month, for the welfare (benevolent) fundKES 200

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.

What they tell you

  • What is taken off the money you pay in?
    KES 1,000, taken from joining, once, as a registration fee.
  • What is the smallest amount you can start with?
    KES 1,000.
  • How long is your money tied up?
    2 months.
  • Do they say who regulates them?
    Yes — the SASRA. That is who you complain to.

Talk to them

Compared with the others

There are 222 other plans of this kind on the board. See all 223 side by side — what each one leaves you with, and which of them will not say.

What the documents actually say

Every figure above was read out of a document. These are the sentences, word for word, so you can check them rather than take our word for it.

Where we got this