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.
To be a leading Sacco in provision of global financial solutions
To offer quality financial products and services while maximizing our shareholders’ value
Our Core Values:
Our Motto: “Pamoja Tujijenge!”
THE SACCO BOARD
Magadi Sacco C.E.O, Board of Directors and Supervisory Committee members posing for a photo during board induction in Karen, Nairobi.
Seated from Left: Mr. Samuel Kinyiria, Ms. Irene Ayuma (C.E.O), Mr. Wilson Tima, Ms. Lucy Kaburia, Mr. Gordon Opiyo.
Standing from Left: Mr. Hamisi Bainito (Board Member), Mr. Manuel Ojiambo (Board Member), Mr. Augustine Musembi (Supervisory Committee member), Mr. Marona Rimpaine (Supervisory Committee Member), Mr. Paul Memusi (Board Member), Mr. Tom Gwoma (Supervisory Chairman), Mr. Isaiah Sailoji (Board Member) and Mr. Walter Opap (Board Member).
Magadi Sacco fun facts