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Services And Products Of Hazina Sacco Society Ltd

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Hazina Sacco Society Limited is a nationwide Savings and Credit Co-operative society which was early established and registered under the Co-operatives Societies Act with their main objective being to afford its members an opportunity to accumulate their savings, thereby creating a source of loanable funds. This Sacco draw its members from various Governmental ministries, Parastatals, Non-Governmental Organization (NGO) and the private sector where the interested individuals from this institutions register in Hazina Sacco Society Ltd kitty for the access of all the services offered.

Hazina Sacco Society Ltd ensure that they provide quality and efficient financial products and services through effective mobilization of resources and prudent administration of credit for socio-economic advancement of members. All the service provision is based on Professionalism, Competence, Integrity, Transparency and Accountability, as well as Equity.

Hazina Sacco offers a wide range of unique and tailor-made BOSA (Back Office Services Activity) products and services to the satisfaction of the members. The services and products that they offer include loans where the Sacco offer a variety of loans which include:

  • The normal/development loans which are granted 3 times to members shares/deposits and are charged at 1% per month on reducing balance and the maximum loan a member can get is Ksh 6 million repayable in 60 months and subject to the 1/3 rule.

  • Top-Up loan as a new product to members with loan balanced who wish to get normal loans. Members are allowed to request for this loan and a commission of 10% is charged on the outstanding loans. The loan is also treated as a normal loan and therefore all applications should be received on or before 20th of every month while the 10% commission and the balance of the loan is reduced from the new loan.

  • Normal loan after cash repayment where members who wish to clear their outstanding normal loans by cash and get new normal loan without having to wait for the stipulated period of three months, will be required to pay a 5% commission on outstanding normal loan balance in cash or be deducted from the loan approved.

  • Emergency loans which include in-patient treatment, court fines, civil cases and other unforeseen emergencies. The maximum amount of loan to be granted is dictated by ability to repay and subject to the 1/3 rule and 3 times the shares/deposits limits and repayable within 12 months with no documentary evidence for the granting of the loans.

  • School fees and College fees which offer a maximum of Ksh 500,000 per member annually repayable within 12 months for college and university fee while nursery and secondary school fees loans maximum is Ksh 200,000 per member per year repayable within a period of 12 months.

  • Medical Outpatient Loan is given of up to a maximum of Ksh 50,000 repayable within 12 months with no documentary evidence require.

Hazina Sacco Society Ltd also as a financial provider for its members presents the members with other products in terms of savings and include;

  • Welfare Fund where the interested members contribute towards this kitty with Ksh 100 per month and the payments are done in steps where members’ spouses are given Ksh 30,000 to Ksh 40,000 per year per member and their children (only two) from Ksh 10,000 to Ksh 20,000 per year per member. However several terms are effective in this saving scheme where if the spouses and children are members, then the member would be considered independent, names and supporting documents should be forwarded to the office for record purpose and updated if/when necessary and 40% of amount contributed to welfare fund will be refunded to a member who has never claimed the welfare benefits and the refund would be made at the time of withdrawal from the Sacco.

  • Holiday Saving Scheme is another service by Hazina Sacco Society Ltd which can also be known as the Jipange Saving Account where the members earn an interest at a rate determined by the Front Office Activity Services (FOSA) on the amount that the members contribute to the kitty during their holidays.

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Emerging from the athletic heartland of Rift Valley, Eka Kaoo was destined to have a relationship with sports. However, instead of lacing up running shoes, Eka picked up a pen, weaving narratives around the athletes who brought pride to Kenya.

Growing up, Eka was deeply inspired by the marathoners and middle-distance runners from his region, often finding himself amidst training camps and local races, absorbing stories of dedication, sweat, and sheer willpower.

Eka pursued his passion academically at a renowned university in Kenya, specializing in Sports Journalism. This formal education, combined with his intrinsic understanding of the Kenyan sporting ethos, allowed him to produce articles that resonated deeply with readers. His pieces, rich with local anecdotes and broad insights, began to get attention both within the university and in the national press.

Upon graduation, Eka became a sought-after name in sports journalism. His writings, spanning across various sports but with a soft corner for track and field, offered a fresh perspective, blending personal athlete stories with technical analyses.

Eka Kaoo's articles soon began appearing in international sports magazines and journals, elevating him to the status of an ambassador for Kenyan sports on the global stage. He covered major events like the Olympics and the World Championships, consistently providing readers with unique, Kenya-centric viewpoints.

Beyond his journalistic endeavors, Eka has been instrumental in organizing grassroots sports events in Kenya, aiming to unearth hidden talents and provide them with a platform to shine.

Today, as one of the leading voices in sports journalism in Africa, Eka Kaoo continues to champion the stories of athletes, always reminding the world of the heart, soul, and spirit of Kenyan sports.

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