Page 13 - SACCO STAR ISSUE 43

SACCO INDUSTRY WATCH

Kenpipe SACCO Chairman Vitalis Opapo PRODUCTS AND SERVICES

“Kenpipe was selected for the Savings Facilities
benchmark because of the government’s • Fixed deposit
recognition of our performance and • Kesasa Scheme
management”, he said. • Group Account
• Ordinary Account
Speaking at the same venue KUSCCO • Share Capital
Managing Director George Ototo urged
SACCOs to secure their systems fully CREDIT FACILITIES
so as to avoid falling victims of cyber-
crime. BOSA FOSA
General eligibility requirements General eligibility requirements
Mr Ototo raised concerns on the ever 1. 3 times share deposits multiplier. 1. Salary must be channeled through
increasing cases of cybercrime where 2. 1/3 Rule policy maintained. the Fosa
many financial institutions have lost 3. Eligible Guarantors. 2. Payslip ability.
money amounting to billions as result of
system hacking. • Taratibu Loan • Weekend Njema/Online
• Normal Loan Loan
He urged SACCOs to invest in best IT • Almasi Loan
infrastructure so as to safeguard their • Makao Loan • Salary Advance
systems from notorious hackers. Mr • School Fees Loan • Fosa Emergency Loan
Ototo also urged SACCO to train their • Emergency Loan • Fosa Okoa Loan
staff to be cautious when dealing with • Karibu Loan This loan enables a member apply
unknown material sent to them from • Super Loan for a salary advance by use of the
strangers online. mobile banking service, MSACCO.

“It is important to train your staff on
actions they should take to guard
against risk of cyber-attacks. Key among
them is to avoid opening E-mails and
attachments from unfamiliar sources”,
said Ototo.

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