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Magereza Sacco Branches in Kenya

Magereza Sacco Branches in Kenya

Last updated on June 9th, 2023 at 10:13 pm

Here is a list of Magereza Sacco branches in Kenya. Magereza Sacco is licensed by the Sacco Societies Regulatory Authority as a depository Sacco.

Magereza Sacco was registered in 1971 and attracted its members from prisons, including prisons, children’s homes, immediate families of employees of these companies,

parastatal organizations with a reduced wage system and other government departments.

The Sacco provides members with both savings and credit services.

To date, it has more than 22,000 active members and a turnover of 596 million shillings. With an asset base of more than 7.08 billion, Magereza Sacco is one of the largest deposit companies in Kenya.

Magereza Sacco Eligibility

A candidate is accepted as a member when approved by the Board of Directors. A membership fee of Kshs 500 is paid upon admission. Members get many benefits that are not available anywhere else.

Magereza Sacco Branches in Kenya

1. Head Office

Location: Mageso Chambers, Along Moi Avenue, Nairobi.

Contacts: 0716 315 155, 0718 224 956.

Email: magereza@magerezasacco.co.ke.

2. Eldoret Branch

Location: Post Bank House, Uganda Road, Eldoret Town.

Contact: 0797 671 887.

3. Mombasa Branch

Location: Shimo La Tewa.

Contact: 0716 853 257.

Email: mombasa@magerezasacco.co.ke.

4. Ruiru

Location: Prison Staff Training College, Ruiru Town.

Contact: 0775 463 716.

Email: ruiru@magerezasacco.co.ke.

5. Kisumu Branch

Location: Pioneer Building, Oginga Odinga Street, 2nd Floor, Room 205.

Contact: 0775 613 113.

Email: kisumu@magerezasacco.co.ke.

Magereza Sacco Loans & Savings Products

fosa products and services

Savings and credit products

  • Ordinary savings account.
  • Fixed deposit account.
  • Bosa loan advance.
  • Jijenge loan.
  • Salary advance.
  • School fees loan.
  • Bankers cheque.
  • Jijenge loan.
  • Karibu loan.
  • Re-financing loan.
  • Bosa loan advance.
  • M-banking.

Other services

  • Mpesa services.
  • Monthly salary/pension processing.
  • Standing orders.
  • Boosting of shares.
  • Offsetting external loans.

bosa products

Saving so that members can access credit

  • Normal loan.
  • Supersaver loan.
  • Express loan.
  • Branch loans.
  • Benevolent fund.
  • Super loan.
  • Dividend advance.
  • Msingi loan.
  • Golden loan.
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