Page 19 - FULL MAGAZINE - KUSCCO.indd

SACCO INDUSTRY WATCH
STIMA SACCO EXPANDS ITS FOOTPRINT
BY OPENING NEW BRANCHES ACROSS THE
COUNTRY
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Stima SACCO is striving to expand its
footprint across the country by opening
new branches. This is in a bid to bring
services closer to its members and
generate revenue for the Society.
This year, the Society opened two
branches in Nairobi CBD and Embu and
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branch at Kawi Centre Nairobi.
Speaking during the launch of the
Mombasa branch, the National Chairman
Dr Ken Tarus said the Society had
modernised its core banking system to
give the SACCO and its members the
much needed comfort.
“Should downtime occur, services will
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reliability of service and by extension
secure revenue growth,” he said.
Tarus said the SACCO had established
a customer experience centre that
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kind in the SACCO industry.
“It is imperative that the SACCO puts
more emphasis on customer service as it
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By Jack Kulova “This in itself is a clear demonstration of
the trust the people of the coast region
have in Stima SACCO Brand,” he added.
Stima SACCO CEO Chris Useki noted
the SACCO is angling on launching a
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proposition that will take care of the
needs of Muslims and others in need
of the products and services under the
Sharia compliant banner.
“This new branch will reinforce the
SACCO’s capacity to serve its members,
The event held on August 24 was set especially those based in the Coastal
to be presided by Mombasa Governor Region,” said Useki.
Hon. Hassan Joho, however following his Useki added that the SACCO will focus
absence was represented by Hon Hassan on branch-less banking and introduce
Mwamtoa, CEC Mombasa County. products targeted at banking the
unbanked.
Tarus added, that the expansion which is “We are keen on playing a role in the
a part of the 2016-2020 Strategic Plan Government’s big 4 agenda and are
focused on providing the youth with
the personal growth of its members. capital to start their own businesses. We
also hope to provide housing solutions
“This is through the introduction of new to the Kenyans in the lower side of the
products and services that will boost Kenyan economic pyramid,” he added.
their economic base, initiate programs
that yield more returns on investment, From right; Stima SACCO National
as well as diversify the business so as to Treasurer John Mudany, Chief guest
give greater value to the shareholder,” representative Hon Hassan Mwamtoa CEC
he said. Mombasa County, Stima SACCO CEO Mr
Chris Useki and Stima SACCO Mombasa
The Society’s new business lines such as region branch manager Mrs Anne Mbaabu
an insurance agency are at an advance Ochien'g
stage of implementation so as to tap into
the ever increasing insurance market
share..
The chairman said since its inception in
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them have taken loans to the tune of Ksh
1.9billion and entrusted the SACCO with
deposits of Ksh 2 billion.
SACCO Star Magazine |17