TO: BALOZI SACCO MEMBERS

We wish to inform you that due to the implementation of Data Protection Act of 2019, it is now a requirement that no disclosure of any information relating to clients should be done without their consent. The Sacco must comply with the provision of the Act and has therefore made several changes in the terms and conditions for its operations. Some of the changes include:

1. Introduction of indemnity form: The purpose of this form is to get consent from members to allow the Sacco to receive, process and keep their data for future referencing. Members are therefore required to fill, sign and submit the form by 3rd April 2023. Members who will not have submitted the form by the above deadline will be denied services until they do so.

2. Membership, loans and ekeza fund application forms: The Sacco has revised these forms to comply with the provisions of the Act. The revised forms are on the Sacco’s website. The Sacco shall discontinue the use of the old applications forms after 3rd April 2023.

The duly completed indemnity forms can be submitted to the Sacco via email address This email address is being protected from spambots. You need JavaScript enabled to view it. or dropped at the Sacco reception desk during the working hours.

Yours Faithfully,

Jorim Oyago
Chief Executive Officer

Click here to download the form: Indemnity Form

TO: ALL BALOZI SACCO MEMBERS

DATE: FEBRUARY 28th 2023

We wish to inform you that we will be closing our offices on Friday 3rd March 2023 at 12.00 noon, and we shall resume our operations on 6th March 2023 at 8.00 A.M.
We sincerely apologize for any inconvenience caused.
Thank you for continuous support.

Yours faithfully,

Jorim Oyago,
Chief Executive Officer.

TO: BALOZI SACCO MEMBERS

Further to the 49th AGM held on Friday 10th February 2023, kindly take note of the following resolutions that were passed by members:
1. Members approved an increment of share capital by Ksh. 15,000 per member within the next 3 years (Ksh. 5,000/- per year from 2023 to 2025). Members are encouraged to save more than the minimum amount approved by the AGM towards their share capital in order to enjoy high returns.
2. Members approved distribution of surplus as presented in the financial statements (10.1% interest on deposits and 20% dividend on share capital)
3. Members approved supplementary budget for year 2023 and budget for 2024
4. Members re-appointed Nelson and Francis LLP as statutory auditors for the year 2023
5. Members approved borrowing power to remain at Ksh. 1.5B and authorized the board to charge the Sacco’s asset where applicable.
6. Members approved dissolution of Balozi Investment Company and formation of a new Investment Company.
Note:
1. Net dividends / Interest for the year 2022 has been disbursed to members via their respective bank accounts maintained by the SACCO. Please let us know via email (This email address is being protected from spambots. You need JavaScript enabled to view it.) if you have not received the dividends and interest on deposits.
2. Plough backs (withheld interest/dividends) have been posted in the members’ personal accounts (MPA) with the Sacco. We encourage members to login to their Balozi member accounts to confirm the status.
3. Dividend/interest statements are available and can be accessed via X-mobi Customer app and members portal through:https://portal.balozisacco.com/SaccoSystem/Login/member
For any queries, kindly contact us through telephone no. +254(020)2211600 or email This email address is being protected from spambots. You need JavaScript enabled to view it..

Yours Faithfully,

Jorim Oyago
Chief Executive Officer

TO: ALL BALOZI SACCO MEMBERS

NOTICE OF THE 49TH ANNUAL GENERAL MEETING(click link to view signed notice) 

Notice is hereby given that the Forty-Ninth Annual General Meeting (49th AGM) of Balozi SACCO Limited shall be held on Friday, 10th February 2023 at All Saints Cathedral starting at 12.00 noon to conduct the following business:
1. Consider and confirm the minutes of the 48th AGM held on 11th February 2022.
2. Receive and discuss the chairman's report and the Supervisory Committee's report for the year ended 31st December 2022.
3. Consider and adopt audited financial statements for the year ended 31st December 2022 and determine disposal of surplus thereof.
4. Consider and approve:
a. Supplementary budget estimates for the year 2023.
b. Budget estimates for the year 2024.
5. Determine the SACCO's maximum borrowing power.
6. Appoint auditors for the year 2023.
7. Elect the Board of Directors and Supervisory Committee members retiring on rotational basis.
8. Discuss any other business (A.O.B) for which due notice had been received in accordance with the by-laws. Please note that this must be by written notice to reach the chair, Board of Directors by 6th February 2023.
9. Pass resolutions for the year 2023.

You are all welcome.

Vincent Kisanya
Honorary Secretary
26th January 2023

TO: ALL BALOZI SACCO MEMBERS

DATE: 10th January 2023

SUBJECT: PLOUGH BACK OF DIVIDEND/INTEREST FOR YEAR 2022

TO: ALL BALOZI SACCO MEMBERS

DATE: 19th December, 2022

SUBJECT: END YEAR BREAK

We wish to inform you that our offices will remain closed from December 27th 2022, and   re-open on Tuesday, 3^rd January 2023 at 8.00 a.m.

In case of any assistance on our USSD or X- Mobi services during this break, kindly call mobile number 254 729 224 511 within the working hours.

The Board of Directors and staff of the SACCO sincerely thank you for your continued support and wish you a Merry Christmas and a prosperous new year 2023.

 Thank you.

Jorim Oyago

Chief Executive Officer

The Nomination and Vetting Committee of Balozi SACCO Ltd wishes to inform you of the following vacancies: 

For more details, click on the links below: 

1.USAID

2.KENYA KAZI SECURITY

3.BBC, DIASPORA, CANADIAN HIGH COMMISSSION,ISRAELI EMBASSY

4.SUPERVISORY

The purpose of this notice is to invite interested candidates for these positions to submit their applications. Interested candidates are required to complete the nomination questionnaire form (sent to members via e-mail) and submit it together with the specified requirements on or before 31^st December 2022. Your application should be sent to This email address is being protected from spambots. You need JavaScript enabled to view it. or dropped at the SACCO office within working hours. All the applications will be acknowledged.

The nomination and vetting committee will vet all the applications from 06^th to 07^th January 2023 and communicate the result to the candidates. 

The nomination and vetting committee wishes you success.

For and on behalf of

Balozi Sacco Nomination/Vetting Committee

Francis Njau

Chairman

TO: BALOZI SACCO MEMBERS

DATE: 5^TH OCTOBER 2022

SUBJECT: ADVANCE DIVIDEND APPLICATION ON USSD

We wish to inform you that advance interest and dividends can be accessed through our USSD mobile platform *882#. Kindly follow the steps below to access the fund:

1. Dial *882# on your Safaricom line (This line must be registered for M-pesa and in your Balozi account).
2. Select option 4(Mobile loan)
3. Select option 1(Advance Dividend)
4. Enter your preferred amount

   Note:

1. Maximum amount available is 30% of your previous year (2021) Interest/dividend – this amount will be displayed in step 3 above.
2. Maximum amount payable via M- pesa is Ksh. 150,000. Members requesting for amounts more than Ksh. 150,000 should request in batches.
3. Enter your pin and select Ok/Send.
4. Funds will be disbursed to your M-pesa

     Yours Faithfully,

     Jorim Oyago

    Chief Executive Officer

Dear Member,

The SACCO is pleased to inform members that they  can access part of their  Interest & Dividends for the year 2022 under the following terms and conditions:

Maximum amount: 30% of the net amount for the preceding year 2021.

Interest rate: 10% upfront interest on the amount being granted.

Repayment:The amount will be deducted from the final interest and dividend for the year 2022.

Security for advance: Interest/dividend earned in the year 2022

Effective date: 1st October to 31st December 2022.

NOTE: Kindly specify the percentage you are applying for and must not exceed 30% of your net interest and dividend for the year 2021. Other terms and conditions for loan will apply.  

Forms are accessible from Balozi Sacco website (www.balozisacco.com) under Sacco Application Forms.

Thank you for your continuous support.

Jorim Oyago

CHIEF EXECUTIVE OFFICER.

Following members’ suggestions given through members’ surveys, social media, emails, education forums and conversations, the Board of Directors of the SACCO is pleased to announce the following product reforms. Signed notice

1. Loan multiplier
Increase the loan eligibility to four times the members’ deposits, up from the current three times.

2. Guarantorship multiplier
To give more room to members to guarantee each other, the eligibility of guarantorship has been increased from three times to four times members’ deposits for all loan products.

3. Changes in the maximum loan limits

Note: Repayment period for Okoa Advance loan has been extended from 10 months to 12 months at a flat interest rate of 1% per month.

4. Special loan
Some members are not able to access additional loans due to two thirds limitation. The Special loan has been reviewed to include the following features:
*It can be used for amalgamating part or all outstanding loans at no cost
*The repayment period is 10 years (120 months)
*Interest rate will be 1.29% per month on reducing balance.
The above reforms will result in reduction of member’s allotments after amalgamating the existing loans.

Note: Members will not take home any cash on this product. The existing guarantors of the loan(s) being amalgamated will still be eligible to guarantee this product

5. Deposit banding
The banding has been expanded with an aim of releasing more funds to the members to enable them apply for more loans. The new banding is as follows:

6. Loans insurance premium
In accordance with the Sacco industry practice, members will now insure their loans at an interest rate of 1% of the loan approved. The insurance cost will be added on the loan approved thus member still taking home the total amount approved.

NOTE: All other terms and conditions for loan applications apply.

Effective date: 1st May 2022 

The SACCO is pleased to introduce a new method (M-pesa) for disbursing funds including loans to members. Members will now have two options for receiving their funds from the SACCO, either via bank or M-pesa. Click here to view the notice

Conditions for payment via M-pesa
1. A member MUST choose the payment option in the loan application form (either bank or M-pesa)
2. Maximum amount for M-pesa will be Kes 150,000 (One Hundred and Fifty thousand shillings only)
3. The cellphone number that will receive the funds MUST be the one registered in the SACCO as the default/primary contact line. This should be the same number the SACCO has been using to send texts to the member
4. The cellphone number MUST be registered for M-pesa with Safaricom.
Members are encouraged to confirm their primary contact cellphone number via the portal and communicate any change to the SACCO through This email address is being protected from spambots. You need JavaScript enabled to view it..

Disclaimer
The SACCO shall not be liable for funds disbursed to a wrong cellphone number so long as the member had provided such contact as his/her SACCO primary contact.

Effective date for the use of M-pesa will be 1st April 2022.

Dear member,

The following resolutions were passed during the 48th virtual AGM held on 11th February 2022:
1. The borrowing power remained at Ksh.1.5 billion and members authorized the Board to charge the asset when applicable.
2. Members approved distribution of surplus as stipulated in the accounts.
3. Members approved supplementary budget for year 2022 and the budget for year 2023.
4. Members appointed Nelson & Francis LLP as the SACCO auditor in the year 2022.

TO: ALL BALOZI SACCO MEMBERS

NOTICE OF THE 48TH ANNUAL GENERAL MEETING(click link to view signed notice) 

Notice is hereby given that the Forty -Eighth Annual General Meeting (48th AGM) of Balozi SACCO Limited shall be held virtually on Friday, 11th February 2022 starting at 12.00 noon to conduct the following business 

1. Consider and confirm the minutes of the 47th Annual General Meeting held on 12th February 2021.
2. Receive and discuss the chairperson’s and Supervisory Committee’s reports for the year ended 31st December 2021.
3. Consider and adopt audited financial statements for the year ended 31st December 2021 and determine disposal of surplus thereof.
4. Consider and approve:
a. Supplementary budget estimates for the year 2022.
b. Budget estimates for the year 2023.
5. Determine the SACCO‎’s maximum borrowing power.
6. Appoint auditors for the year 2022.
7. Elect the Board of Directors and Supervisory Committee members retiring on rotational basis.
8. Discuss any other business (A.O.B) for which due notice had been received in accordance with the by-laws. Please note that this must be by written notice to reach the chair, Board of Directors by 8th February 2022.
9. Pass resolutions for the year 2022.

Please note that the link for the meeting will be shared later.

You are all welcome.

John N. Gichuru
Honorary Secretary
25th January 2022

TO: ALL BALOZI SACCO MEMBERS
DATE: 6TH JANUARY 2022
SUBJECT: PLOUGH BACK OF DIVIDEND/INTEREST

Greetings and Happy New Year!

The board of directors of the SACCO is happy to inform you that the Annual General Meeting (AGM) for the SACCO is coming up soon. We therefore request members willing to plough back (re-invest) part/whole of their dividend/interest for the year 2021 to advise the office. Kindly indicate the percentage or the amount you intend to be ploughed back to your savings or to pay off your loan. The re-invested amount qualifies for loan consideration immediately while the amount directed towards loan reduces interest.

The Sacco appeals to members who might have changed/not provided their bank details for receiving dividend/interest to furnish the office with their new bank details (Account name, bank name, account number and branch). Kindly ignore this in case your accounts details have not changed.

NOTE: The SACCO shall only make the above payment after recovering all the arrears in deposits, benevolent, share capital and loans. You are therefore requested to clear all your arrears by 31st January 2022.
The instructions to reach the office through This email address is being protected from spambots. You need JavaScript enabled to view it. by the close of business of Friday 28th January 2022.

Yours Faithfully,

Jorim Oyago
Chief Executive Officer

Vacancy in board of directors and supervisory committee for year 2022/24

The Nomination and Vetting Committee of Balozi SACCO Ltd wishes to inform you that the following officials’ term will end on 30th January 2022 – they are however eligible for re-election for another term.

Board of Directors
John Gichuru - representing STATE members
James Mutisya - representing KEMRI/WRP members
Winnie Hinga - representing USAID members

Supervisory Committee
Bartholomew Omullo - representing all members

The purpose of this notice is to invite interested candidates for the position to submit their application. Detailed information on the application process and requirements has been shared via email. The deadline for submission of applications is 10th January 2022.

The nomination and vetting committee wishes you success.

Thank you for choosing Balozi SACCO as your financial partner. This is to inform you that following last AGM held on 12th February 2021, members resolved that minimum share capital be Ksh 35,000 as at 31st December 2022. The SACCO, however, gives new members a grace period of one year from the join date to build share capital to the minimum balance.

Kindly note that you can pay kidogo kidogo until you complete your payment. Do not wait until deadline. Remember share capital earns you high dividend rates every year (FY2021's rate was 20%).

Payment Information:
1). MPESA: Lipa na Mpesa; Paybill 855600; Account Number: Membership number-SC)
2). Balozi bank account details (to be provided on request):
Please email a copy of the bank deposit/transfer slip to: This email address is being protected from spambots. You need JavaScript enabled to view it.

Thank you for your support and for being a valuable member of our beloved SACCO. Looking forward to receiving your share capital contributions.

Yours Faithfully,

Jorim Oyago
Chief Executive Officer

Dear Member,

Notice is hereby given that the Forty-Seventh Annual General Meeting (47th AGM) of Balozi SACCO shall be held virtually on Friday 12th February 2021 starting at 1.00 p.m. to conduct the following business:

1. Consider and confirm the minutes of the 46th Annual General Meeting held on 7th February 2020.
2. Receive and discuss Chairman’s and Supervisory Committee reports for the year ending 31st December 2020.
3. Consider and adopt audited financial statements for year ended 31st December, 2020 and determine disposal of surplus thereof.
4. Consider and approve:
   (a)Supplimentary budget estimates for the year 2021.
   (b)Budget estimates for the year 2022.
5. Determine society’s maximum borrowing powers.
6. Authorize the Board of Directors to appoint auditor for the year 2021.
7. Elect the Board of Directors and Supervisory Committee members retiring on rotational basis.
8. Discuss any other business (A.O.B) for which due notice has been received in accordance with the By-laws. Please note that this must be by written notice to reach the Chairperson, Board of Directors by 9th February 2021 i.e. three days before the meeting.
9. Approve amendments to SACCO By-laws.
10. Pass resolutions for the year 2021.

Please note that the link for the meeting will be shared later.

You are all welcome.

James Mutisya
Honorary Secretary
Nairobi, Kenya.
26th January 2021.

NOTICE 01/2021

Dear member, please note the following:

(A) PLOUGH BACK OF DIVIDEND/INTEREST ON DEPOSITS
The SACCO wishes to request members who want to plough back (re-invest) part/whole of their dividend/interest on deposits for the year 2020 to inform the office in writing. The ploughed back amount qualifies immediately for loan consideration. Kindly indicate the percentage or amount you would wish to plough back to your deposits or payoff your loan(s).

(B) UPDATE OF BANK DETAILS
Members who might have changed their bank details for receiving dividend/interest on deposits are requested to furnish the office with their bank details (Account name, bank name, account number and branch). Kindly confirm your bank details from the Members Portal and only forward your preferred bank details if it is different from the one in the Members Portal.
Deadline: Please send the above requested information to This email address is being protected from spambots. You need JavaScript enabled to view it. on or before Monday, January 18th, 2021.

(C) ANNUAL GENERAL MEETING (AGM)
The SACCO has sought authorization from the Commission for Cooperatives Development to hold a virtual meeting. You will be notified of the date for the AGM once the authorization is received.

Thank You.

SUBJECT: SUBMISSION OF ELECTRONIC DOCUMENTS

Further to our notice on coronavirus, the SACCO is appealing to members to be sending their documents (including but not limited to loan forms, refund applications, membership applications, allotment forms, bank slips, remittance schedules) via email to This email address is being protected from spambots. You need JavaScript enabled to view it.. This  action will help in reducing congestion in the office and the risk of transmission of the virus through physical handling of documents.We pray that everyone in the SACCO family remains safe.

SUBJECT: GUARANTORSHIP THROUGH EMAIL NOTIFICATION

This is to acknowledge that the country is undergoing difficult condition due to covid-19 and that has made majority of people work from home. Members applying for loans are now finding it hard to have their loan application forms physically signed by their guarantors. The board is therefore recommending to members to guarantee each other through e-mails.

The loanees and the guarantors will be required to observe the following:

• The guarantor must specify the amount he/she is guaranteeing both in figures and in words.
• The guarantor must use the same e-mail address as held in the office when declaring his guarantorship to the loanee. The e-mail address must be the one the SACCO has been using to communicate to the member.
• The guarantor must give his membership number and specify the type of loan he/she is guaranteeing.
• The guarantor should send the guarantorship e-mail to the loanee BUT not directly to the SACCO.
• The loanee must fill the details of guarantors in the guarantorship table without the guarantor’s signatures.
• The loanee will forward the loan application form together with all the guarantorship e-mails as attachments.
• The office will be reaching out to guarantors to verify the authenticity of the guarantorship.

Note: This is a temporary measure that will be used together with the current practice until further notice. Observe social distancing to avoid the spread of COVID-19. #StayAtHome #StaySafe