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Magereza SACCO

Employer-BasedNairobi County

Serves Kenya Prisons Service personnel with competitive financial products and convenient branch access nationwide.

Licensed by SASRA for deposit-taking SACCO business in 2026 (Magereza Sacco Society Ltd).

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10% (2023)
Dividend Rate
Not published
Loan Rate
Not published
Loan Multiplier
22,225
Members

Checked against SASRA on 2026-11-14: licence and total assets (SASRA, list of licensed and authorised SACCO societies for 2026; SASRA, SACCO Supervision Annual Report 2025, Appendix III (total assets at 31 December 2025)). The dividend, deposit interest, loan rate and member figures shown come from Magereza SACCO's own site; "Not published" means that page does not state the figure. Confirm rates with the SACCO before you join.

💰 Savings Products

Savings Rate6% on deposits
Minimum SavingsNot published
Dividend Rate10% (2023)
Total AssetsKES 8.9B (SASRA, 31 Dec 2025)

📋 Loan Products

Loan RateNot published
Max LoanNot published
Loan MultiplierNot published
Example (KES 500K savings)Not published

✨ Features & Services

Emergency loans
Development loans
School fees loans
FOSA services
Mobile banking

📝 How to Join Magereza SACCO

Eligibility

Serving and retired Kenya Prisons Service officers

Steps to Join

  1. Visit the nearest Magereza SACCO branch or their website
  2. Fill out the membership application form
  3. Submit a copy of your national ID and passport photo
  4. Pay the registration fee and first savings contribution
  5. Receive your membership number and start saving
Location: NairobiWebsite: www.magerezasacco.co.ke

Frequently Asked Questions

Is Magereza SACCO licensed by SASRA?

Licensed by SASRA for deposit-taking SACCO business in 2026 (Magereza Sacco Society Ltd).

How big is Magereza SACCO?

SASRA reports total assets of KES 8.9B at 31 December 2025.

What is the dividend rate at Magereza SACCO?

Magereza SACCO's own site states a dividend of 10% on share capital for 2023. SACCOs set dividends each year at their annual general meeting.

How do I join Magereza SACCO?

Serving and retired Kenya Prisons Service officers. Ask the SACCO for its registration fee and minimum monthly contribution.

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