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Invest in Magereza SACCO

Magereza SACCO

Share Capital: KES 1,000,000

Regulated

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Trading

  • Total Assets7.05 B
  • Total Deposits 5.15 B
  • Gross Loans 3.86 B
  • Total Income 0.71 B

In Brief

  • Average Share PriceKsh.43
  • Existence 53 years
  • Shares Bid 0
  • Shares Offered 78,000

In Summary

Magereza SACCO was started in 1971 by a section of Prisons Officers then stationed at Shimo La Tewa Prison. In the same year it was registered and licensed as a limited savings and credit cooperative society. The SACCO is licensed by the SACCO Societies Regulatory Authority (SASRA) as a deposit taking SACCO. Since then, the SACCO has undergone various transformations and now boasts as one of the giant SACCO’s in the country.

The Annual Delegates Meeting (ADM) is the supreme governing authority of the SACCO. Delegates elect Board of Directors and the Supervisory Committee who run and oversee the organization on behalf of the members. Members are drawn from the correction institutions including the prisons, other government departments and immediate families of the staff of these institutions. The SACCO offers both savings and credit services to this target group.
 

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Free support: +254 723 373999   |   Email: shares@asx.co.ke

Get In Touch

Address: P.O. Box 773-00517, Nairobi, Kenya.

Phone: +254 723 373999

Email: shares@asx.co.ke

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