Balozi SACCO was formed in the year 1975. The objectives for which the Society was established have been as follows:
i.Â Â To encourage thrift among its members by according them an opportunity to accumulate
ii.Â To create and develop a source of funds for lending to qualified members at comparatively
low and reasonable rates of interest;
ii.Â To provide an opportunity for its individual members to improve their respective economic
and social conditions-, and;
iv.Â To perform the functions and exercise the powers designated for savings and credit
co-operative societies under the applicable law.
At the moment, Balozi SACCO draws its membership from employees who work in the US Embassy, USAID, Walter Reed Project, Library of Congress, Peace Corps, British Broadcasting Corporation, KK Guards and any other organized groups that the Management Committee may deem fit and approved by delegates in the AGM from time to time.
Receipt of savings as shares and deposits as well as disbursing loans to its members remain the Societys principal activities.
To achieve sustainable growth through provision of quality products and services which meet and exceed the SACCO members expectations while maximizing the returns on their investments through the use of modern management systems.
To be a leader in the provision of member services in the financial sector.