Here is your best guide to Azima Sacco Society Limited’s Contacts, Branches, Membership, Loans, Dividends, and Shares: Azima Sacco Society Limited is a deposit-taking Sacco based in Kenya, primarily serving employees in the education sector, civil service, and the private sector. It was originally registered in 1978 as the Tana River Teachers Sacco but has since rebranded and expanded its membership to include various professionals and business owners across the country.
Quick Facts.
| Name of the Deposit Taking SACCO Society | Postal Address | Physical Location of Head Office | County |
| Azima Sacco Society Limited | P.O. Box 1124 – 01000, Thika | Azima Sacco Plaza, Wabera Street, Thika | Kiambu |
Membership & Regulation
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Regulator: It is licensed and regulated by the Sacco Societies Regulatory Authority (SASRA).
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Common Bond: While it has its roots in the teaching profession (Tana River County), it is now an “Open Bond” Sacco, meaning anyone in formal or informal employment can join.
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Headquarters: Located in Hola Town, Tana River County.
Procedure of Becoming a Member
To become a member one needs to fill in a membership application form which is readily available on the website, at the Headquarters and every Society branch countrywide. Admission is done once the members pay a one-off fee of KShs. 600 (six hundred only) and will also be required to buy 600 shares at Kshs.20 each.
Minimum deposit contribution is Ksh. 1000.
Membership Benefits
- Sacco interest rates on both savings and loans are better than those offered by commercial banks.
- Members get educated in financial matters by teaching prudent handling, budgeting and keep track of money
- Savings provide security for future financial needs.
- Savings accumulates funds for use now and after retirement
- High savings will qualify for higher loans.
- High savings will result in high dividends
- High savings will strengthen the society’s lending capacity
- High savings guarantees a member a comfortable retirement
Financial Services & Products
Azima Sacco operates through FOSA (Front Office) and BOSA (Back Office) to provide diverse financial solutions:
1. Savings Products
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Share Capital: The permanent member’s equity which is non-withdrawable but earns dividends.
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Member Deposits: Monthly contributions used as collateral for loans; these earn interest annually.
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Holiday Account: A voluntary savings product for festivities or vacations.
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Junior Account: A savings facility designed for children to secure their future education.
2. Loan Products
| Loan Category | Description |
| Development Loan | Long-term credit for investments like land, construction, or business (up to 3x or 4x of deposits). |
| Emergency Loan | Processed within 24 hours to cover urgent issues like medical bills or court fines. |
| School Fees Loan | Short-term financing specifically for educational expenses, usually repaid within 12 months. |
| Mobile Loans (E-Azima) | Small, instant loans accessed via mobile phone for immediate liquidity needs. |
| Refinancing/Top-up | Allows members to clear an existing loan and take a new, larger one. |
Digital Banking
Azima Sacco has integrated mobile technology to improve accessibility for members who are not near their physical branches. Through their USSD code and mobile app, members can:
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Withdraw funds to M-Pesa.
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Deposit money from M-Pesa to their Sacco accounts.
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Check balances and request mini-statements.
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Apply for instant E-loans.
Key Benefits of Joining
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Competitive Returns: Annual payout of dividends on shares and interest on deposits.
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Welfare/Benevolent Fund: A support system that assists members and their families in the event of a funeral.
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Financial Literacy: The Sacco often provides training for members on investment and debt management.
Contact Information
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Head Office: Azima Sacco Building, Hola Town, Tana River.
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Postal Address: P.O. Box 11 – 70101, Hola.
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Phone: +254 723 944 645 / +254 701 551 100
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Email: [email protected]
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Website: azimasacco.co.ke
History
In 2016, the Sacco opened up its doors to the public so that they can enjoy the same growth as it’s members had and continue to have. Today it is known as Azima sacco.
FOSA Products &Services
The Sacco offers following FOSA products And Services:
- Ordinary Savings Account.
- Group Savings Account.
- Fixed Deposit.
- Junior Account.
- Education Account.
- Holiday Account.
- Micro –Finance Account.
- ATM Services.
- MBanking. Services
- Salary Advance & Refinancing.
- Okoa Mwezi.
- Pineapple Loan.
- Super Loan.
Members can access the following loan services with Azima Sacco.
FOSA Loans
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Azima loan
One must be drawing salary through Fosa and it takes 1 month to repay.
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Pineapple loan
One must be drawing salary through Fosa and it takes a maximum of 24 months to repay
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Salary advance
One must be drawing salary through Fosa and it takes a maximum of 6 months to repay
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Super loan
One must be drawing salary through Fosa and it takes a maximum of 36 months to repa
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Okoa mwezi
One must be drawing salary through Fosa and it takes a maximum of 1 month to repay
BOSA Loans
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Jijenge loan
One must have cleared all the outstanding loan balances to be eligible for qualification. It takes a maximum period of 78 months to repay.
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Jipange loan
This loan is requires a minimum of 1 million in deposits. It has a repayment period of 84 months with an an interest rate of 0.84% per month on reducing balance.
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Jahazi Loan
This Loan is meant to Buyout loans from other Financial Institutions. It takes a maximum period of 84 months to repay.
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Normal loan
One must have cleared all the outstanding loan balances to be eligible for qualification. It takes a maximum period of 72 months to repay.
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Normal loan B
This loan is designed for our members in the business fraternity . It takes a maximum period of 48 months to repay, interest in on reducing balance.
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Masomo loan
Makes education a reality to your children, The loan is also available to members who want to finance their own education.
The maximum repayment period is 18 months
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Emergency loan
One can be granted an emergency loan when having an outstanding balance of the same. It takes a maximum period of 12 months to repay.
Other Benefits Include
- Dividends:
One is entitled for payment of dividends out of his/her back office and front office shares on the percentage that is declared at the closure of the Sacco’s financial year. The percentage rate keeps on changing with the prevailing economic status.
- Mobile Banking:
This is a convenient way of members to access their accounts any where any time. Members can access the following services: Cash withdrawal, inquire Balance, Deposit cash into their account, purchase Airtime, New PIN, get Mini-Statement, Stop ATM, Transfer of funds, inquire shares balance and payment, loan balance inquire and payment, get notification when the salary and loan have been credited into their account.
- Burial assistance:
Incase of demise of a member the family is assisted by the Society with funeral cash to organize for the burial.
Future products and services
- POS Terminals: These will create extra revenue to the Sacco as a result of signing for agency banking.
Pesa Plus (Mobile Banking)
PESA PLUS is a mobile banking system that enables members to transfer money to and from FOSA, send enquiries, credit applications and other banking transactions through their mobile phones.
(1).Channels of accessing Pesa Plus
(i).USSD MENU(Unstructured Supplementary Service Data)
Dial *477# and choose the required service from the onscreen menu that appears.Based on the type of service,you may be prompted for more input e.g amount for cash withdrawal,New Pin for PIN change or A/C no. for inter-account transfers, Enter your PIN.
(ii). M-PESA Pay-bill
On the M-PESA menu on your phone, select Pay-bill ,and enter Business number; 531231
, enter account number (Your ID Number),enter the amount required and then your M-PESA PIN
You will receive a text message from AzimaSacco verifying that your account has been credited with the amount of money deposited.
