Magadi SACCO
A high-performing employer-based SACCO tied with Bingwa and Nawiri for best national rankings by SASRA.
💰 Savings Products
📋 Loan Products
✨ Features & Services
📝 How to Join Magadi SACCO
Eligibility
Employees of Magadi Soda Company and related enterprises
Steps to Join
- Visit the nearest Magadi SACCO branch or their website
- Fill out the membership application form
- Submit a copy of your national ID and passport photo
- Pay the registration fee and first savings contribution (KES 1,000/month)
- Receive your membership number and start saving
Frequently Asked Questions
What is the dividend rate at Magadi SACCO?
Magadi SACCO pays 15% dividends on share capital. This is above the industry average of 13%.
How do I join Magadi SACCO?
Employees of Magadi Soda Company and related enterprises. You will need a national ID, passport photo, and the minimum monthly savings of KES 1,000/month.
What is the loan rate at Magadi SACCO?
Magadi SACCO offers loans at 10% p.a. reducing balance. Members can borrow up to 4x savings (4x their savings).
How much can I borrow from Magadi SACCO?
You can borrow up to 4 times your total savings. For example, with KES 500,000 in savings, you could borrow up to KES 2,000,000.
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Compare All SACCOs in Kenya
See how Magadi SACCO compares to 55 other SACCOs