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About Us:
Magadi Sacco Society Ltd is a Deposit Taking Sacco (DTS) registered and regulated by the Sacco Societies Regulatory Authority (SASRA).
The Sacco began its operations in 1977 following its registration under the Co-operative Societies Act (Registration No 2664) with the objective of providing a mechanism for the then Magadi Soda employees to save and borrow at low cost in order to meet their Socio-economic needs.
The Sacco’s membership has grown from the initial 50 members in 1977 to over 7,000 members in 2022. In the same period, members’ deposits have grown from less than Kshs. 50,000 to over Kshs 530 Million while the asset base of the Sacco has grown to over Kshs 700 Million. The membership of the SACCO is open to all.
Our Vision:
To be a leading Sacco in provision of global financial solutions
Our Mission:
To offer quality financial products and services while maximizing our shareholders’ value
Our Core Values:
- Diligence
- Efficiency
- Respect
- Integrity
- Innovation
- Co-operation
- Care
Our Motto: “Pamoja Tujijenge!”
THE SACCO BOARD
Magadi Sacco C.E.O, Board of Directors and Supervisory Committee members posing for a photo during the year 2023 board induction in Nairobi.
SUPERVISORY COMMITTEE
MANAGEMENT STAFF
Our Partners
Magadi Sacco fun facts
1977
Year Founded
7000
Members (2021)
19
Staff
396674
Loans Issued