Hazina DT Sacco reached remarkable new heights in 2024, celebrating significant milestones that have transformed the livelihoods of its members and empowered communities through impactful corporate social responsibility initiatives across the nation.
More than just a financial institution, Hazina Sacco played a vital role in shaping better futures for its members, successfully blending excellent financial solutions with a commitment to social development.
Through strategic collaborations and the adoption of cutting-edge technology, Sacco has enhanced its service delivery, solidifying its status as a leader in the financial services sector.
As it realigns its business model to support the government’s development agenda, Hazina Sacco stands poised to make an even greater impact this year. With the world gearing up to mark the International Year of Cooperatives in 2025, the Sacco management is optimistic about fostering growth and improving the socio-economic status of its members, paving the way for a brighter tomorrow.
Ranking as the 11th largest DT-Sacco nationwide, according to the Sacco Societies Regulatory Authority (SASRA) Annual Sacco Supervision Report 2023, Hazina Sacco is recognized as one of the most robust and well-managed cooperative societies in the country. With substantial financial capacity, it is fully equipped to meet the financial needs of its members. As reported by SASRA, Hazina Sacco had an asset base of over Ksh 14.7 billion, total deposits of Ksh 11.08 billion, gross loans of Ksh 10.02 billion, and total income of Ksh 1.77 billion by the end of 2023. These figures are expected to increase once the audited financial statements for 2024 are released at the annual delegates’ meeting early this year.
At the heart of Hazina Sacco’s success are financial solutions designed to foster inclusivity and sustainable growth, promoting prosperity among its members. The Sacco has established strong relationships with its members and actively engages with them through nationwide education and training forums to gather feedback and address their concerns.
Committed to fostering positive change across the nation, Hazina Sacco has invested in education, social support, and infrastructure development aimed at facilitating prosperity for the less fortunate in society and preparing future generations for success. With a network of 66 branches across the country, Hazina Sacco has emerged as a leading financial institution, licensed and regulated by SASRA.
Last year, the Sacco conducted a series of Corporate Social Responsibility (CSR) activities in Kakamega and Trans Nzoia counties, financing the construction of six fully equipped washrooms and urinals and donating 60 chairs and lockers. The Sacco also provides scholarships and bursaries and runs successful mentorship programs.
“We ensure that we positively impact the lives of our members and communities. We are always ready to support people in attaining prosperity; as we say, together we prosper,” said Mr. Evans Kibagendi, the Sacco National Chairman.
These community-centered projects have improved learning outcomes in schools, offering hope to the underprivileged. “Hazina Sacco is committed to collaborating with members to enhance the welfare of their communities. Our CSR projects go beyond providing infrastructure; we engage with students, mentor them, and motivate them to strive towards their life goals. We also promote a savings culture to help them plan for a brighter future. We look forward to a successful 2025 as we celebrate the International Year of Cooperatives as declared by the UN resolution,” said Mr. Dickson Okungu, the Sacco CEO.
Last year, the Sacco opened a new office in Kitale, Trans Nzoia County.
- Prosperity: The Sacco actively works towards the prosperity of its members, focusing not just on their financial well-being but also their communities.
- Inclusivity: Financial solutions and programs are designed to be accessible and beneficial for all members.
- Sustainability: Focused on long-term growth and positive impact rather than short-term gains.
- Community Focus: The Sacco is strongly committed to giving back and improving the lives of others through CSR initiatives.
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 To be a leading Sacco in provision of financial products and services.
 To provide prompt, quality and efficient financial services through effective mobilization of savings and prudent administration of credit for socio–economic advancement of members.
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