Deposit-Taking Licensed by SASRA (deposit-taking) 2026

Magereza Sacco Society Ltd

Mageso Chambers, Moi Avenue, Nairobi, Nairobi County

Branches

Eldoret Branch
Post Bank House, Uganda Rd, Eldoret
Mombasa Branch
Shimo la Tewa, Mombasa
Ruiru Branch
Prison Staff Training College, Ruiru Town
Kisumu Branch
Kodiaga, Kisumu

How to join

Registration feeKSh 1,000

Bring:

  • Completed Membership application form (from website, delegates, branch offices or Head Office)
  • Admission approved by the Board of Directors
Apply online We send your application to the SACCO.

Need a guarantor in Magereza?

Be the first on the guarantor board: members guarantee each other, and phone numbers are shared only when both agree.

Open the guarantor board

Shares for sale

None listed right now. Post a buy request or sell yours.

Magereza: questions members ask

What is the Magereza Paybill number?

Magereza hasn't published a Paybill number that we could confirm on its official channels. To ask, call (20) 2244138 and email magereza@magerezasacco.co.ke.

How do I check my Magereza balance?

You can dial *358# and log in with your member details to see your deposits, shares and loan balance. If you haven't registered for mobile banking, register at any Magereza branch.

Does Magereza have mobile banking?

Yes: USSD *358#.

What is the Magereza contact number?

Phone: (20) 2244138, Mobile 0718 224 956, 0718 224 956 and Email: magereza@magerezasacco.co.ke.

Where are Magereza's branches?

Magereza has 4 offices in Eldoret, Mombasa, Ruiru and Kisumu. The head office is at Mageso Chambers, Moi Avenue, Nairobi.

How do I join Magereza?

You need: completed Membership application form (from website, delegates, branch offices or Head Office) and admission approved by the Board of Directors. Expect a registration fee of KSh 1,000. You can apply online on SaccoLink and we'll send your application to Magereza.

How do I get a loan from Magereza?

Loans are for members. How long you must save first, how much you can borrow against your deposits, and how many guarantors you need are set by Magereza, so ask a branch for the loan form and current terms. If you need a guarantor from Magereza, its SaccoLink guarantor board lets members guarantee each other.

How do I leave Magereza or withdraw my savings?

Give Magereza written notice. Deposits are usually refunded after a notice period once your loans and any guarantees you have given are cleared. Share capital is normally not refunded, but you can sell it to another member, for example on SaccoLink.

Is Magereza licensed by SASRA?

Yes. Magereza is on SASRA's list of SACCOs licensed to take deposits (FOSA) for 2026, so it can offer withdrawable savings accounts as well as loans.

Follow Magereza

Details from the SACCO's official website. Last checked 24 Oct 2026. Something wrong or missing? Suggest an edit.

Join Magereza

Fill in a short form and we send it to the SACCO. Free.

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