Maisha Bora Sacco Society Ltd operates under the framework established by the Constitution of Kenya, relevant Acts of Parliament, and the rules and regulations outlined therein. Additionally, the Sacco adheres to its own by-laws and internal policies to ensure governance and compliance with legal and organizational standards.
History 101
In the groovy autumn vibes of 1974, a squad of Unilever factory rockstars (formerly East Africa Industries Ltd) was sipping tea during their mid-morning break. While contemplating life's financial rollercoaster, they realized that when bills hit and their paychecks played hide-and-seek, getting a loan was trickier than finding Waldo. HR wasn't feeling generous with salary advances, and their money lender was acting like a loan DJ, not spinning a second track until the first one was paid off. Enter genius idea time: form a savings squad to pool cash and dive into a loan pot. Bam! Kimbo Sacco was born!
Their mission: to sprinkle some savings magic among Unilever's finest and hand out micro-loans for everything from self-improvement to school fees and doctor bills.
Originally, Kimbo Sacco, our hero took on the name Maisha Bora Sacco in 2003 after Unilever bid farewell to the Kimbo brand. This rebranding not only broadened our superhero reach to include folks beyond Unilever but also jazzed up our membership with diverse souls.
Fast forward, and we've evolved from a financial toddler to a full-blown, commercially savvy, democratically cool, and self-reliant enterprise. Thanks to our members and fans, our assets are flexing at 5.1 billion, with a loan portfolio that could buy a small island at 3.18 billion. The financial dance floor is supported by member deposits hitting 3.78 billion, share capital strutting at 301 million, and other financial sidekicks.
But wait, there's more! Our trophy cabinet is bursting with awards, like the Best Managed SACCO in the Company/NGO sector (take that, spreadsheet wizards!), the top spot for Education and Training Services (we're basically Sacco professors), and being crowned the thriftiest spenders (because we're frugal with flair). We've even bagged the title of second-best loaning superheroes nationwide. All in a day's work for Maisha Bora Sacco – where money matters, and we make it rain awards!
Paul
January 20, 2024 at 8:21 amMaisha Sacco Society Limited is like Kenya’s financial VIP lounge – the go-to spot for deposits, where the staff is the A-list squad of friendliness, professionalism, trustworthiness, and honesty. They’re basically the Avengers of finance, but with better customer service.
Their services are so top-notch that even the Queen of England is considering transferring her savings there (allegedly). It’s not just a deposit-taking society; it’s the Beyoncé of savings institutions.
I mean, who wouldn’t love Maisha Sacco? It’s like having a financial BFF who always has your back, and probably knows the secret to making money grow on trees (if only they’d share). It’s where your savings get the red carpet treatment, and the interest rates are so good, even your money high-fives itself.
In a world of financial uncertainty, Maisha Sacco is the reliable sidekick you can count on. It’s not just a Sacco; it’s a love affair with your money – and who wouldn’t want to be in a loving relationship with their finances? Move over, Hollywood romances; Maisha Sacco is the real heartthrob of the financial world!