Karura Community Sacco Enjoys Multiple Wins of Awards New Products and Partnerships

SUCCESS Karura Community Sacco Enjoys Multiple Wins of Awards, New Products and Partnerships

NATIONAL AWARDS

Savers of Karura Savings and Credit Cooperative Society have a reason to smile after their entity emerged as the best among community Saccos in Kenya, winning two top awards for promoting the values of diligence and faithfulness in one’s deeds.

Karura Community was feted during the United Nations International Day of Cooperatives 2022 celebrations, cementing the Sacco’s commitment to serving members and continued enhancement of their services.

The community society was ranked Kenya’s Most Improved Sacco and also led under the Most Improved Non-Deposit Taking Sacco category.

Marks of improvement were noted in the Saccos operations and deliverables by the Cooperative Alliance of Kenya that develops the list of winners in the Sacco award scheme.

The CEO, Mr. Gitonga Kigo receiving an award from the Cabinet Secretary Agriculture, Livestock, Fisheries and Cooperatives Hon. Peter Munya during the 100th Ushirika Day 2022 Celebrations at the KICC.

The Society, whose slogan is Growing Together You & I, received the awards during a night gala for cooperatives held at the KICC attended by Cabinet Secretary Agriculture, Livestock, Fisheries and Cooperatives Hon. Peter Munya.

“I congratulate those who have done well. A noble criterion is used to evaluate all Saccos and arrive at those who have excelled. Those who do not win, is not that they have not done well, but it is because there will always be someone

Karura Communiity Sacco Showcasing Trophies and Sacco Products.

ahead. The award scheme will assist in a big way those who do not win to improve,” said CS Munya. Karura Community acknowledged the staff and members’ efforts in winning the national awards, saying, “congratulations to our diligent team and committed members.”

Most Improved Sacco Countrywide

Most Improved NonDeposit Taking Saccos

SUCCESS

LUCRATIVE PARTNERSHIP

Recently, the Community Based Sacco also got into a lucrative partnership with Optiven Limited. The two entities entered into a Memorandum of Understanding (MOU) giving the members of Karura Sacco an opportunity to invest in land as plots and other properties, including gated communities.

The partnership will empower the social economic lives of Sacco members noting that Optiven Limited has numerous projects spread across the country. The new partnership with the land selling company adds to the Sacco’s growing wins this season. Since inception, the Sacco has grown in leaps and bounds and boasts of a membership of more than 2,000. The members enjoy quick and low-interest loans, annual dividends, high-interest saving products, professional digital services, and well-packaged and attractive insurance products.

Some of the products the members access includes general loans, development loans, school fees loans, Suluhisho pap, and also the Junior Account for children under the age of 18 years, and the Mavuno/Christmas Saving – Mavuno Account that helps members save for the Christmas festive period

KARURA COMMUNITY SACCO Growing together You & I

Karura Community Sacco CEO, Mr. Gitonga Kigo. Mr. George Wachiuri, CEO Optiven.

Mrs. Rachael, Head of Sales Optiven Mr. Epainito Chahale, Chairman Karura Community Sacco.

The Sacco also recently launched the Jiinue MDOGO MDOGO programme – where table banking groups enjoy instant loans once they join the Sacco with a repayment period of up to six months.

With this new Sacco product, groups can access capital and experience economic benefits through organised and calculated means as a group.

The only requirements for a group to access this product include: a group of all least 25 members, Kenya Revenue Authority (KRA) Pin, copy of member IDs, group members’ passport photos and registration fees of KSh700.

In a bid to improve efficiency in operations and offer alternative business channels to members, the

SUCCESS

TABLE BANKING

Sacco has a robust mobile banking platform that allows members to access all their banking services including offering of cheap credit.

Karura Community Sacco seeks to organise and promote the welfare and economic interests of members including those investing in assets like motorcycles, and tuk-tuks among others.

In the spirit of cooperative principle on member education, training and information, the Sacco also empowers members through trainings to equip them with business and entrepreneurial skills and knowledge, and also support them in the journey of becoming homeowners and also investing in land. The financial development of members is made possible through opportunities to mobilize savings and access credit facilities, which is the main mission of the Sacco. The vision of the Sacco is ‘to be the leading Sacco providing the best Savings, Credit, and Investment Solutions in Kenya’.

Among the Sacco objectives include reduction of poverty, promoting an economic base for members, and promoting human dignity.

We are a digital Sacco. A member can check their loan, get their statement and much more through our USSD code *341*55#, get the Kwara APP, visit our Sacco webstite: www. karurasacco.or.ke or contact us on 0741888000

Members of The Hope Group Pose for a Photo.