Magereza SACCO
Serves Kenya Prisons Service personnel with competitive financial products and convenient branch access nationwide.
💰 Savings Products
📋 Loan Products
✨ Features & Services
📝 How to Join Magereza SACCO
Eligibility
Serving and retired Kenya Prisons Service officers
Steps to Join
- Visit the nearest Magereza 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 Magereza SACCO?
Magereza SACCO pays 13% dividends on share capital. This is around the industry average of 13%.
How do I join Magereza SACCO?
Serving and retired Kenya Prisons Service officers. You will need a national ID, passport photo, and the minimum monthly savings of KES 1,000/month.
What is the loan rate at Magereza SACCO?
Magereza SACCO offers loans at 12% p.a. reducing balance. Members can borrow up to 3x savings (3x their savings).
How much can I borrow from Magereza SACCO?
You can borrow up to 3 times your total savings. For example, with KES 500,000 in savings, you could borrow up to KES 1,500,000.
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Compare All SACCOs in Kenya
See how Magereza SACCO compares to 55 other SACCOs