Background

Hazina Sacco Society Limited was registered in 1971 under Co-operatives Societies Act (Cap 490) of the laws of Kenya as a savings and credit co-operative society. After years of successful business operation, Hazina Sacco society Ltd is now a deposit taking Sacco society having been registered as such in 2012 by SASRA (Sacco Societies Regulatory Authority). As a result the Sacco operates a FOSA (Front Office Savings Activities) which offers a new range of products and has enhanced service delivery to members.

Members of the Society are drawn from Government Ministries, Parastatals, Non- Governmental Organizations and the Private Sector. Currently, the Society has over 15,000 active members and almost all members have accounts in the FOSA.

The Sacco leadership is committed to the achieving the Sacco mission and ensures efficient service delivery and attractive products at the most competitive rates. The Sacco offers competitive returns on savings schemes and on members deposits in the Sacco.

The Sacco recognizes, respects and honours its members, peer Saccos, the government and government agencies and all stakeholders by adhering to good governance practices and observing the co-operative principles namely;
(i). Voluntary and open membership
(ii). Democratic member control
(iii). Members economic participation
(iv). Autonomy and independence
(v). Education, Training and information
(vi). Co-operation among co-operatives
(vii). Concern for community

Management Structure
The Supreme policy-making organ is the Annual Delegates Meeting (ADM) comprising delegates elected by members in all branches countrywide. The branches represent all counties and sub counties in the country. The ADM elects members of the Board of Directors from among the delegates. The Board is the governing and policy making authority of the Sacco and thus oversees the running of the affairs of the Society.
The Board appoints the Chief Executive officer of the Sacco and staff who run the day-to-day affairs of the society and implements Board policies and decisions. The ADM elects an independent organ, the Supervisory Committee from among the delegates. The Supervisory Committee enhances checks and balances through its mandate which include examination of the books of account review of operations and reporting appropriately to delegates in ADM and the Commissioner for Co-operatives Development and Marketing.