Am I eligible to join the SACCO and what is the process?
Our current list of eligible members MUST come from the following organizations https://balozisacco.com/index.php/about-us/membership
To apply for membership, please download the membership requirements and application forms from our website under the Sacco application forms.
How do I increase or reduce my contribution?
By filling in an allotment form and sending it to our office for processing.
Other than rental income, can I be allowed to make payments towards my loan from a different source?
Our policy currently allows computation of members’ eligibility based on employment and rental income. However, after granting loans, members may use other sources of income to enhance their loan repayments.
Can the Sacco buy houses for membership?
Currently the SACCO gives loan to members for their projects which include and not limited to acquiring houses
How can I update the next of kin?
You are advised to fill in a Next of Kin form and send it via email (This email address is being protected from spambots. You need JavaScript enabled to view it.) for processing.
If it is a problem getting a guarantor, can one still qualify for a loan x 4 the deposits?
Yes, members are entitled to loans x4 notwithstanding the type of security offered. Members with securities like title deeds are encouraged to use their title deeds as security for their loans.
If self-guaranteeing with deposits, the SACCO can give you a loan up to the maximum free deposits available, that is, if your deposit is Ksh 3M and you have guaranteed others upto Ksh 2M, then you can self-guarantee by Ksh 1M
What is the process of using collateral?
To use collateral, a member must fill out a loan form and attach the necessary documents, including the title deed. Due diligence on the property will be conducted, and the member will bear the associated costs.
What are the criteria for loan eligibility?
To determine loan eligibility, a member must send a copy of their payslip to This email address is being protected from spambots. You need JavaScript enabled to view it. for evaluation and advice.
How can I view my statement?
To view your statement, you are advised to access the Reports menu in the portal and select BOSA statement.
How can I edit my contact and bank details information?
To edit contact and bank details information, you are instructed to send an email to This email address is being protected from spambots. You need JavaScript enabled to view it. for processing.
How can I apply for the Mcash mobile loan?
You can access the Mcash mobile loan either through USSD by dialing *882# and selecting option 4, or via the X-Mobi app on the "Request Loan" menu.
What is the criteria for grouping people in agencies?
Agencies are grouped as per the criteria provided in the Sacco by-laws.
List of frequently asked questions
Here are some common frequently asked questions: FAQS
