Page 57 - SACCO STAR ISSUE 43
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SACCO INDUSTRY WATCH
“We pumped more funds into the
SACCO and by the end of 2003,
each one of us had accumulated
contributions of Ksh 70,000. We used
this to hire a ready built premise that
was a mixture of run down mabati and
brick structures and renovated it into a
school,” he says.
However, the cash at hand could not
sustain the venture.
“We decided to forego our beer, which Bonanza school still under construction society at different capacities all over
we took routinely, and increased our Kenya.
individual monthly contributions to school has improved gradually,
Ksh 10,000 in order to supplement the producing more than 20 students with The school is ardent to give back to
existing capital that was not enough 400 marks and above each year. the society by giving sponsorships of
towards the investment,” he recalls. merit to students from disadvantaged
The school has employed a total of homes and also teacher’s and director’s
They contracted the owner of the hired 37 teachers and has offered them children school for free for motivational
premises for a period of 20 years and competitive monthly incomes, similar to sake.
established the first classes, nursery the TSC remuneration range.
school up to class five in mid-2003. In their strategic plan, the directors
Bonanza school, situated in Emma hope to grow the current school
“We welcomed the first batch of Estate in Embu County and less than a population of 600 students to 1000
students, 40 in number, in January kilometer from the Embu- Meru road students by 2019 tactically through
2004 who were taught by two teachers, capitalizes on making its students aggressive advertisements, improved
a head and deputy head teacher,” he better and reliable people in the all-round performance.
says. society.
The mixed day and boarding school
The founder members, also the The director says, the pioneer class currently served by four buses, has
directors of Bonanza School, were able, members that graduated from the produced top drama students who have
within the first five years of establishing school have already finished campus proceeded to national level with one
the venture, to buy the land and the and are already giving back to the of them presenting to the President
premises initially rented. recently.
With key pillars of trust and honesty
and guided by a strategic plan, the
The school, whose returns are equally
shared amongst the directors, also
offers its premises for an annual
transitional training that aims at
orienting primary school final year
pupils to high school. The fifteen year
school is also very committed to co-
curriculum including sports and fun
days.
Bonanza School bus The Bananza SACCO has since opened
its membership to like-minded citizens
and is currently served by more than
twenty members with a minimum
monthly contribution of Ksh 1,000.
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