How do I check my hazina Sacco balance?

The service can be accessed by dialing *850# or installing the Hazina Sacco App from Play Store on your android phone. To use the app, you will be required to verify your membership by providing the mobile phone number that you indicated on the Mobile Banking Application Form.

When did hazina Sacco start?

1971
Hazina Sacco Society Limited is a nationwide Deposit Taking Sacco established in 1971 and registered under Co-operatives Societies Act (Cap 490) of the laws of Kenya.

How do I withdraw money from hazina FOSA to mpesa?

You withdraw funds by dialing *850# or downloading the Hazina SACCO App from Google Play Store. A member must have filled the mobile banking application form to access mobile banking services.

How can I join hazina Sacco in Kenya?

Individuals interested in joining Hazina Sacco shall fill in membership application form and forward to our offices together with:

  1. Copy of National Identity Card.
  2. A passport size photograph.
  3. Current pay slip for members contributing through check off system.
  4. Filled Nominee Form.
  5. Pay entrance fee of Ksh.

How do I withdraw shares from Sacco?

What is the procedure of withdrawing from the Sacco? You need to apply for withdrawal from the Sacco in a formal signed letter giving the Sacco sixty days notice in line with Sacco by laws. The letter should be accompanied by your ID copy.

What is a FOSA account?

What is a FOSA? It stands for Front Office Service Activity. It is a transactional SACCO account that offers banking services like those offered by Commercial Banks. The SACCO has for a long time been a Back Office SACCO but was in October 2020 approved to offer deposit taking services for its members.

Can you withdraw money from a Sacco?

Yes you can withdraw your deposits instantly but the Sacco will charge you a commission 10% of current deposit amount in lieu of withdrawal notice of 60 days.

How do SACCOs work?

Like banks, SACCOs accept deposits and make loans—but unlike banks, SACCOs are not in business to make a profit. Banks exist to make money for their stockholders, not for their depositors. SACCOs exist solely to serve their member-owners, and benefits are returned in lower loan rates and higher deposit rates.

How do I access my FOSA account?

Dial *346# on your phone. Reply by Entering your MSACCO PIN number(If you dont have MSACCO PIN, it will be sent to you on SMS. Enter the start pin and you will be required to enter your secret PIN and confirm your PIN.)

What is FOSA in Sacco?

Front Office Service Activity (FOSA) are financial services that enable Safaricom Sacco members to have affordable and convenient savings avenue for cash transfers ,depositing and withdrawing money without having to carry cash. Simply walk in to the Sacco, give instructions and your payment is done.

Can you be a member of two Saccos in Kenya?

Yes. As long as the said member shall belong to no more than one Sacco Society having similar objectives as mentioned above.

What are the benefits of a Sacco?

Amazing Benefits of Joining a Sacco

  • SAVINGS. Saccos help you to save.
  • LOANS. It’s much easier to secure a loan from a sacco as opposed other financials.
  • DIVIDENDS. A sacco member you are a co-owner of the sacco and therefore you are entitled to dividends annually.
  • RETIREMENT.
  • 5 HOUSING.