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SACCO INDUSTRY WATCH
securities for securing loans and so
the SACCO re-launched Chamaa and
group lending initiatives for momentous
mobilization of funds towards loans and
investments.
TAI SACCO Board members pose for a photo The society, formerly Kiambu Tea
Growers Society Limited, also introduced
“The SACCO looks forwards to gaining “I am optimistic that our restructuring Biometric Customer Identification (BCI)
from the synergy of each individual initiative will bear fruits in a few months’ application which has augmented
member for a sustainable institution time towards the growth of the SACCO. members’ confidence in the society due
with minimum external borrowing but The positive uptake of the initiative to contained state against members’
with enhanced strategic partnerships,” by our members is a green light to the funds loss. Members have also greatly
said Mwangi. future as we look forward to aligning procured from the recently established
our structures with our objectives for Enterprise Resourcing Planning (ERP)
The SACCO conducted staff restructuring maximum gains,” Mwaura stated. System Navigation through improved
in 2016 to portray a high performance loan recoveries, automatically generated
culture, responsibility, effective and The trail of the SACCO during the year pay slips for the staff, and increased
efficient service delivery as well as re- exhibited that the society continued to business intelligence module.
emphasized on the pillars that held the satisfy member’s needs through offering
society. innovative products and services in the Mwangi told delegates to put concerted
most efficient and effective way. For efforts to ensure that the quality of the
instance, most members had no tangible SACCO’s loans is irrefutable to reduce
on loan loss provisioning which will lead
to more profits.
“The SACCO has collaborated with
Metropol Credit Reference Bureau to
boost timely loan repayment and this
has deemed profitable as the quality
of the society’s loan book has been
improving,” said Mwangi.
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FOCUSED AS WE KEEP the comfort of your home. Register for mobile
banking, dial *645# and there you go!
REDEFINING OUR RANGE Mpesa Paybill – Deposit to your Account,
OF PRODUCTS. anytime, anywhere. Go to Mpesa, Paybill no. is
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E- loan – Quick, convenient and timely soft loan
on your Mpesa wallet.
Personal Cheques – Personalized cheque book.
Just for you.
Visa Branded ATM Card – Access your Account
anywhere worldwide!
SACCO Assurance – We have partnered with CIC
insurance and gotten insurance cover just for
you!
Biogas Loan – We are ready to go ‘GREEN’ –
Affordable domestic cooking solution for all
Tai SACCO CEO Mr. John Mwangi during Company of the households
Year Award (COYA) 2017 Celebrations
Inua Jamii – We have partnered with KCB to
bring government fund for the aged close to you.
Register today.
SACCO Star Magazine |23
