Page 8 - SACCO STAR ISSUE 43
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COVER STORY
The SACCO registered a decline in total “More projects are coming and more “The rate of growth is very encouraging
expenses from Ksh10.5 million in 2016 properties are being evaluated to and some marketing and sensitization
to Ksh10.2 million in the 2017 financial check if they are feasible”, he told the activities will need to be put in place to
year. delegates. improve on the same”, he pointed out.
Lavington United SACCO posted growth NEW PRODUCTS Speaking during the ADM, KUSCCO
in total revenue of Ksh11.3 million in The SACCO established in 2013 representative Mr Maurice Onono
the year 2017 as compared to that of recently rolled out LSS M-SACCO lauded Lavington Security SACCO for
Ksh11.1 million in the previous fiscal Advance, an instant product that is the steps they had made to ensure the
year. It also recorded an increase in easily accessible and reliable for SACCO’s growth.
membership from 4,654 in the year emergencies and other short term
2016 to 5,942 in the year 2017. goals. Welfare fund, a product designed Mr Onono urged the SACCO to continue
to help the SACCO members and their consulting KUSCCO for it grow and
INVESTMENT PROJECTS kin during cases of misfortunes was prosper financially.
Kiprotich told the delegates that the also set up.
SACCO had acquired 20 acres of land in He urged the SACCO to subscribe to
Kajiado County, which is set to benefit Mr Kiprotich further noted that the various products and services offered
members of the SACCO. SACCO will not leave anything to by KUSCCO to propel it to greater
chance as the management and the heights.
He also noted that the SACCO is on the Staff have embarked on rigorous
process of acquiring more lands for marketing strategies aimed at
development purposes. increasing membership of the society
which will in turn increase the Society’s
cash flow.
FROM LEFT: Lavington United SACCO Hon Secretary Irene Omete, Credit Vision
Committee Member Peris Jemeli and Education Comittee Member To be the leading financial institution in wealth
Marsella Langat
creation for our members.
Standing; National Chairman Zachary Kiprotich. Sitting from left Co-
operative Officer Musa Karani, Vice Chair Francis Gonze and Treasurer Mission Statement
Mr Raymond Koech To promote unity and empower our members through
6| SACCO Star Magazine mobilization of financial resources and provision of
market driven products and services for their socio-
economic well being.
Management
Our main policy making organ is the Annual Delegates
Meeting (ADM) comprising of Delegates elected from
all the branches countrywide.
PRODUCTS
Ondoa Msoto Loan
Instant Loan
Emergency Loan
School fees
Development Loan
Motorbike loan
Motor vehicle loan
Menelik road
P.O. Box 73283-00508 Nairobi
Tel: 0717298258/0792745558/079274557
Email: info@lavingtonsecuritysacco.co.ke
Website: www.lavingtonsecuritysacco.co.ke
