Balozi SACCO Society Ltd

Description

Balozi SACCO Society Ltd was founded and registered in 1975 under the Co-operative Society Act. The objectives for which the Society was established have been as follows:

To encourage thrift among its members by according them an opportunity to accumulate savings;
To create and develop a source of funds for lending to qualified members at comparatively low and reasonable rates of interest;
To provide an opportunity for its individual members to improve their respective economic and social conditions-, and;
To perform the functions and exercise the powers designated for savings and credit co-operative societies under the applicable law.

Receipt of savings as shares and deposits as well as disbursing loans to its members remain the Society’s principal activities.

Balozi SACCO Society Ltd draws its membership from the following:US Embassy, USAID, US Peace Corps, Kemri WRP/CDC, Usamru-K, Canadian Embassy, BBC, Chemonics, D.A.I., Israel Embassy, KK Security, Land O’Lakes Inc and Others.

Requirements needed for one to be a member

Not less than 18 years old
Member from the common bond
A person of good character
Completed the membership application form
Paid registration fee
Abide by the By-Laws
Signed allotment form

Balozi SACCO Society Ltd Core Functions

Mobilization of savings from members
Giving loans to members
Undertaking investments
Providing education, training and information to members and staff

Balozi SACCO Society Vision

“To be the leading provider of member based financial services.”

Balozi SACCO Society Ltd Mission

“To provide a variety of financial products and services through efficient and effective mobilization, marketing and optimal investment of funds for sustainable growth”

Balozi SACCO Society Ltd Core Values

Integrity
Quality
Teamwork
Innovation
Equity and Fairness
Transparency and Accountability
Professionalism
Customer Care
People Friendly