TO: ALL BALOZI SACCO MEMBERS

NOTICE OF THE 52^ND ANNUAL GENERAL MEETING

Notice is hereby given that the 52^nd Annual General Meeting (AGM) of Balozi SACCO Limited shall be held VIRTUALLY on Friday, 13^th February 2026 at 1.00pm to conduct the following business:

1. Consider and confirm the minutes of the 51^st AGM held on 14^th February 2025.
2. Receive and discuss the chairman’s report and the Supervisory Committee’s report for the year ended 31^st December 2025.
3. Consider and adopt audited financial statements for the year ended 31^st December 2025 and determine disposal of surplus thereof.
4. Consider and approve:

           a. Supplementary budget estimates for the year 2026.

           b. Budget estimates for the year 2027.

5. Discuss the amendments of the SACCO the by-laws.
6. Determine the SACCO‎’s maximum borrowing power.
7. Appoint auditors for the year 2026.
8. Discuss any other business (A.O.B) for which due notice had been received in accordance with the by-laws. Please note that this must be by written notice to reach the chair, Board of Directors by 10^th February 2026 at This email address is being protected from spambots. You need JavaScript enabled to view it.
9. Pass resolutions for the year 2026.

You are all welcome.

John Gichuru

Honorary Secretary

29^th January 2026

TO:   ALL BALOZI SACCO MEMBERS

DATE: 19TH JANUARY 2026

Greetings,

The Board of Directors of the SACCO is happy to inform you that the Annual General Meeting (AGM) for the SACCO is coming up soon. We therefore request members willing to plough back (re-invest) part/whole of their dividend/interest on deposit for the year 2025 to advise the office. Kindly indicate the percentage or the amount you intend to be ploughed back to your savings or to pay off your loan.        

Advantages of plough back

• The amount ploughed back to deposit qualifies for loan consideration immediately
• The amount directed to loans repayment reduces loan balances and the subsequent interest charged.
• Amount ploughed back into deposit/share capital starts earning interest/dividend immediately.
• Amount ploughed back to deposit increases the ability for guarantorship.

The SACCO appeals to members who might have changed/not provided their bank details for receiving dividend/interest to furnish the office with their new bank details (Account name, bank name, account number and branch). Kindly ignore this in case your accounts details have not changed.

NOTE: SACCO shall only release dividend/interest on deposit payments to member after recovering all the payment arrears in deposits, benevolent, share capital and loans.

Kindly let your instructions reach the office through This email address is being protected from spambots. You need JavaScript enabled to view it. by 31^st January 2026.

Yours Faithfully,

Jorim Oyago

Chief Executive Officer

TO: BALOZI SACCO MEMBERS

DATE: 23^RD DECEMBER 2025

SUBJECT: Review On Minimum Monthly Deposit Contribution

The SACCO is pleased to inform members that the minimum monthly deposit contribution has been reviewed as follows:

1. Effective immediately, the minimum deposit contribution will be Kes. 2,000 from the previous Kes. 4,000
2. Benevolent fund of Kes. 300 per month remains unchanged
3. Deposit banding for members applying for loans remains unchanged as per the table below:

Thank you for your continued trust and cooperation. Merry Christmas and Happy New Year

Regards,

Jorim Oyago

Chief Executive Officer

Dear Member,

We wish to inform you that the SACCO will close its offices for Christmas holidays on Tuesday December 23, 2025, at 5.00 pm and resumes its operations on Friday, 2^nd January 2026 at 8.00 a.m.

During this period, our M Cash service will remain open to members. Members are encouraged to access this service by dialling USSD (*882#) or through Xmobi customer app and make payments through the SACCO paybill number 855600.

The board and staff of the SACCO sincerely thank you for their continued support during the year 2025 and look forward to continuing serving you in the year 2026.

We wish you a Merry Christmas and a prosperous new year 2026.

Note: Members with issues concerning M-cash may contact the SACCO on working days between 8.00am-5.00pm for assistance through mobile number 0795074692

Thank you.

Jorim Oyago.

Chief Executive Officer.

TO: BALOZI SACCO MEMBERS

DATE: 24^th NOVEMBER 2025

SUBJECT: REVIEW ON LOAN PRODUCTS

Balozi SACCO Ltd is committed to continuously improving its credit facilities to support its members’ financial needs. The SACCO is pleased to announce the following changes:

1. Use of Money Market Fund (MMF) as security/guarantor for loan

   How will it work?

• MMF will secure/guarantee loan(s) up to 80% of its value e.g. if the value of MMF is Ksh 1M, then the guarantorship will be upto (Ksh 1 M*80%) Ksh 800,000 only.
• A certified MMF statement will be required to confirm the amount qualifying as security.
• Confirmation from MMF company on the amount charged to the SACCO will be required.

   Note: Loan will be processed on the current terms and conditions. The MMF unit will only be used as a

   security/guarantor for the loan until the loan is fully paid.

2. Default loan

   Guarantors have a choice to pay defaulter’s loans through the default loan product or the amount to be

   deducted from their deposits.

   Features of the product:

• Repayment period has been extended from 48 months to 96 months
• The loan is interest free
• Guarantor can pay the loan through allotment or standing order.
• The amount allotted towards repaying defaulter’s loan doesn’t affect guarantor’s eligibility.

Illustration: if the guarantor’s 2/3rd is Ksh 15,000, and another additional allotment of Ksh 5,000 is done towards the default loan repayment, this additional (Ksh 5,000) will not reduce the 2/3rd hence the loan eligibility will still be based on the Ksh 15,000 but not (Ksh 15,000-5,000) Ksh 10,000.  

• Guarantor must specify the preferred repayment period in writing.

3. Loan restructure

The SACCO has introduced loan restructure to allow for amalgamation of existing loans in arrears and start repaying them with new terms and conditions.

     Features:

• Repayment period: 120 months.
• Take-Home (net amount) is zero.
• Interest rate is 14.5% per annum on reducing balance

Thank you for your continued trust and cooperation.

Regards,

Jorim Oyago

Chief Executive Officer

• Product Name: Self guaranteed loan. 
• Interest rate: 0.958% per month on reducing balance.
• Maximum amount: 90% of member’s free deposit.
• Repayment period: 36 months.
• Eligibility: two thirds of the income rules apply.

• The loan repayment period will be 10 years.
• The interest rate is 1.125% per month on reducing balance.
• Agricultural land will not be accepted as a security for loans.
• Commercial land will be accepted as security for up to 80% of its mortgage/forced value.
• The loan can be used for amalgamating other loans.
• Eligibility is upto a maximum of five times (X 5) of a member’s deposits.

• The repayment period will be 10 years (120 months). 
• The interest rate is 1.29% per month on reducing balance.
• Eligibility is three times (X 3) of a member’s deposits subject to two third income rules
• Can be bridged.
• Can be used for amalgamating other loans.

• Year 1 - KES. 17,000
• Year 2 - KES. 17,000
• Year 3 - KES. 16,000

TO: ALL BALOZI SACCO MEMBERS

DATE: DECEMBER 16, 2024

SUBJECT: END YEAR BREAK

Dear Member,

We wish to inform you that the SACCO will close its offices for Christmas holidays on Friday December 20, 2024, at 5.00pm and resumes its operations on Thursday, 2nd January 2025 at 8.00 a.m. During this period, members with issues concerning m-cash may contact the SACCO on working days between 8.00am-5.00pm for assistance through mobile number 0795074692.

The Board and staff of the SACCO sincerely thank you for your continued support during the year 2024 and look forward to continuing serving you in the year 2025.

We wish you a Merry Christmas and a prosperous new year 2025.

Thank you.

Jorim Oyago.
Chief Executive Officer.

Balozi SACCO Members
The Sacco wishes to update you that it recently concluded the review of its policies and implemented some of the following changes:

1. Loan Guarantorship: The spouses are not allowed to guarantee each other using their deposits in the
Sacco.

2. Benevolent Fund: The benevolent fund is now treated as a sinking fund and is non-refundable. This
means that a member exiting/withdrawing from the Sacco will not be refunded his/her benevolent
contribution.
3. Quick Pesa: This loan product has been discontinued and will not be available any more to members.

4. Okoa Advance Loan: The maximum limit for Okoa advance loan is Ksh 500,000 or member’s total
deposits whichever is lower subject to other terms and conditions for the product.

Thank you.

We look forward to serving you better.

Yours faithfully,

JORIM OYAGO
CHIEF EXECUTIVE OFFICER

We are pleased to inform our members that application for dividend advance will be open from 1st October 2024 to 31st December 2024.

Eligibility:
Members can apply for up to a maximum of 30% of the previous year’s (2023) dividends.
Members with arrears are not eligible for the advance unless the amount applied for can fully cover the outstanding arrears.

Interest rate:
Remains at 10% deductible from the applied amount.

Repayment:
The amount advanced will be recovered from the final payment for interest on deposit and dividend for the year 2024.

Mode of Application:
You will be able to access part of the Interest & Dividends for the year 2023 via our USSD mobile platform by dialing 882# and follow the prompts or through our Xmobi Customer app.
The maximum amount payable via M-Pesa is 250,000 per transaction per day. Any amount beyond Ksh 250,000 can be applied in several installments or through an application form to be forwarded to us for processing.

Note: No insurance fees will be charged on the advance issued.

We encourage all eligible members to take advantage of this offer within the specified period.

For further inquiries, please contact the loans office.      

Date: August 26, 2024
REF: BALOZI SACCO PRODUCT REFORMS
Dear Member
The Board of Directors of the SACCO is pleased to announce several updates to our loan products, tailored to better meet the needs of our valued members. The following changes will take effect from September 1, 2024

1. Insurance Premium Financing Loan

• We have introduced a new product to assist members in paying insurance premiums for their vehicles.
• The maximum amount is determined by the lesser of the repayment ability or the insurance premium.
• The repayment period is 12 months.
• The interest rate is 1% per month on reducing balance.
• Eligibility is calculated based on half of the net salary.
• Repayments can be made via checkoff or standing order.
• The loan can be bridged.
• Loan disbursements are made directly to the insurance company.
• The loan is exempt from the deposit multiplier.

2. Okoa loan

• The maximum amount has been increased from Ksh 350,000 to Ksh. 500,000.
• The repayment period has been extended from 12 months to 24 months.
• The interest rate is 1.2% per month on reducing balance.
• Eligibility is calculated based on half of the net salary.
• The loan can be bridged.
• The loan is exempted from the deposit multiplier.

3. Car loan

• The maximum amount has been increased from Ksh 3,000,000 to Ksh 3,600,000.
• The repayment period has been increased from 36 months to 48 months.
• The interest rate is 1.2% per month on reducing balance.
• Loan disbursements are made directly to the car vendor.
• The loan is exempted from the deposit multiplier.

4. Ekeza Savings Product
The Ekeza savings product is a flexible, withdrawable savings designed for both individuals and chamas (both registered and unregistered savings group).

• The interest rate on this product has been increased by 1%, bringing the maximum annual interest earned on savings to 12%

NOTE: All other terms and conditions for savings and loan applications remain unchanged.

We trust these reforms will enhance your experience with our services. Should you require any clarification, please do not hesitate to contact us.

Yours faithfully,

Jorim Oyago
Chief Executive Officer
BALOZI SACCO LTD

Sale of plot at Isinya-Pipeline road for Ksh. 800,000/-. Interested buyers to contact the seller (Ernest) on 0716-653182

TO: ALL BALOZI SACCO MEMBERS
DATE: 16TH JANUARY 2024
SUBJECT: PLOUGH BACK OF DIVIDEND/INTEREST

Greetings and Happy New Year!

The Board of Directors of the SACCO is happy to inform you that the Annual General Meeting (AGM) for the SACCO is coming up soon. We therefore request members willing to plough back (re-invest)
part/whole of their dividend/interest for the year 2023 to advise the office. Kindly indicate the percentage or the amount you intend to be ploughed back to your savings or to pay off your loan.
The re-invested amount qualifies for loan consideration immediately while the amount directed towards loan reduces loan interest.

The SACCO appeals to members who might have changed/not provided their bank details for receiving dividend/interest to furnish the office with their new bank details (Account name,
bank name, account number and branch). Kindly ignore this in case your accounts details have not changed.

NOTE: The SACCO shall only make the above payment after recovering all the payment arrears in deposits, benevolent, share capital and loans.
The instructions to reach the office through This email address is being protected from spambots. You need JavaScript enabled to view it. by the close of business of Friday 26th January 2024.

Yours Faithfully,

Jorim Oyago
Chief Executive Officer

TO:- ALL BALOZI SACCO MEMBERS
SUBJECT:-  SAVINGS PRODUCT
DATE:- AUGUST 10, 2023

The Sacco is pleased to introduce a new savings product called Junior Savings with the following features:

• The minimum saving that will earn interest is Ksh. 5,000
• The savings to earn interest at 5% per annum
• Maximum allowable withdrawal from the saving is once in 12 months
• The minimum monthly contribution at any given time is Ksh. 200
• No interest earned if withdrawal is done before twelve months
• The amount for opening the account is Ksh, 1,000 non refundable

Thank you,

Jorim Oyago
CHIEF EXECUTIVE OFFICER.