Magadi Sacco Society Ltd is a Deposit Taking Sacco (DTS) registered and regulated by the Sacco Societies Regulatory Authority (SASRA).
The Sacco began its operations in 1977 following its registration under the Co-operative Societies Act (Registration No 2664) with the objective of providing a mechanism for the then Magadi Soda employees to save and borrow at low cost in order to meet their Socio-economic needs.
The Sacco’s membership has grown from the initial 50 members in 1977 to over 7,000 members in 2019. In the same period, members’ deposits have grown from less than Kshs. 50,000 to over Kshs 530 Million while the asset base of the Sacco has grown to over Kshs 660 Million. The membership of the SACCO is open to all.
Here is how to use Magadi Sacco Paybill Number 811 101
- Go to Mpesa Menu
- Select Pay Bill from your M-PESA menu
- Enter Magadi Sacco Paybill Number 811 101
- Enter ID number for account number
- Enter the amount you wish to pay
- Enter your M-PESA PIN
- Confirm details are correct and press OK
- You will receive confirmation message from Safaricom indicating that the money has been transferred to the Sacco.
Magadi Sacco Background
Magadi Savings and Credit Society began its operations in with the objective of providing a mechanism for the then Magadi Soda employees to save and borrow.
The SACCO membership has grown from 50 members in 1977 to over 633 in 2012. In the same period, members’ deposits have grown from less than Kshs. 50,000 to Kshs 219 million while its asset base has grown to Kshs 361 million. The membership of the SACCO is open to all.
Magadi Sacco FOSA accounts
Save and borrow from the Sacco’s range of products using Magadi Sacco Paybill Number 811 101.
- Savings Account
- Biashara Account
- Fixed Deposit Account
- Akiba Poa Account
- Retirement Account
- Salary Account
- Holiday Account
- School Fees Account
Magadi Sacco Contacts
For enquiries about Magadi Sacco Paybill Number 811 101, contact the Sacco on:
Location: PAM View Building
Tel: 020-6999258/350 0722-272252
P.O Box 13 00205 Magadi