Page 42 - SACCO STAR ISSUE 43

SACCO INDUSTRY WATCH

C.E.O Boresha SACCO Mr. Moses Chebor reading the board report during the Annual General Meeting

Growth and expansion of the members registered to do mobile banking, Four agency offices and eleven fully
society’s business, facilitated by it brings the total transaction during the fledged branches purposed to be
the equity shares through the Front year to Ksh 721 million. small marketing outlets for members’
Office Services Activity (FOSA) grew enquiries and collection of documents
from Ksh 218.2 million to Ksh 227.5 “The society’s members will now have are in operation.
million. control over their accounts with access
to their financial statements, pay slips The SASRA regulated SACCO was
“The SACCO supposes to give on dividends available in soft copy registered on 31st August 1976 by 10
members dividend on share capital and improved customer relations Members with an initial share Capital
at a rate of 12 % while interest on made possible by the rolling out of the of Ksh 60,000 and a core business
members deposits at the rate of 9%, member’s portal,” the SACCO CEO added. of savings and credit, plus financial
“revealed Mr. Chebiegon. services to the unbanked community
The society has strategized to recruit members.
ICT took the SACCO through a growth more members to the SACCO by forming
in the digital banking sector given a six-month campaign that includes cash
its accessibility and the convenience incentives to members on bringing new
attached to it. With a total of 22,609 recruits.

Mr. Jacob Mengich , the Deputy Chief Executive Officer, Boresha Boresha Delegates following proceedings during their ADM
SACCO during the ADM
40| SACCO Star Magazine