Location
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Westlands, Kenya
Westlands, Kenya
Founded and Flourishing: A Safaricom Sacco Tale
Safaricom Sacco Ltd embarked on its journey in May 2001 to cater to the common bond shared by the diligent employees of Safaricom Ltd.
With the coveted license from SASRA to operate FOSA, Established in May 2001, Safaricom Sacco Ltd embarked on its journey to cater to the common bond shared by the diligent employees of Safaricom Ltd's horizon expanded beyond individual memberships to embrace Chamas, groups, Corporates, and even mergers with smaller Sacco's. FOSA brought a tidal wave of liquidity, introducing minimum shareholding and cutting-edge products aligned with current technological trends.
Strategic Plan Takeoff: The Next Five Years' Flight Plan
Safaricom Sacco Ltd embarked on its journey to cater to the common bond shared by the diligent employees of Safaricom Ltd. recently unfurled its wings with a strategic plan poised to soar over the next five years, aiming for remarkable milestones:
1. One-Stop Financial Fiesta:
- Transforming into a one-stop shop for financial services, ensuring members find everything they need under our Sacco's umbrella.
2. Membership Magic:
- Growing our Sacco family to a whopping 10,000 members, forging strong bonds within our community.
3. Loan and Savings Symphony:
- Achieving a loan portfolio and savings base of 10 billion Kenyan Shillings, orchestrating a financial symphony for our members.
4. Top-Tier Triumph:
- Claiming a spot in the top 10 rankings within the SACCO sector, showcasing our prowess and commitment.
Digital Revolution: Project CIRI Unleashed
Undergoing a transformative journey through Project CIRI (Customer Focus, Integrity, Reliability & Innovation), our Sacco has fully embraced digitization:
- Online Marvels:
- Member registration, loan applications, and guarantor approvals have seamlessly transitioned into the digital realm, making processes swift and convenient.
- Funds on the Fly:
- Transferring funds has become a breeze through Pesalink & partners Cooperative Bank, ensuring members enjoy hassle-free transactions.
- Home Sweet Home:
- Welcoming a Mortgage product into our array, empowering members with the dream of affordable housing.
Asset Ascendancy: The 10 Billion Kenyan Shilling Achievement
In the financial year 2022, Safaricom Sacco proudly crossed the 10 billion Kenyan Shilling mark in its asset base, a testament to our growth and unwavering commitment to financial excellence. Here's to many more milestones on our flourishing journey.
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