Page 20 - FULL MAGAZINE - KUSCCO.indd

SACCO INDUSTRY WATCH

BANDARI SACCO BAGS TOP AWARDS
IN COAST REGION

By Solomon Maingi

0YLWD03$EGXO6ZDPDG6KDUL?DZDUGV%DQGDUL6$&&2GXULQJ8VKLULND'D\

Bandari SACCO continued to lead the trail in savings Addressing delegates of this year’s Annual Delegates Meeting (ADM),
in the Coast Region by seizing three top awards Sungu said that going forward, agency banking will be utilized in a bid to
during this year’s International Day of Co-operatives increase the Society’s membership.
(IDC) celebrations.
3GDGHFGKDUDKDKDBSQNMHBRXRSDLRG@KKBNUDQSNVMRKHJD,SV@O@*HKH?
While celebrating this year’s IDC, commonly referred Ukunda and Changamwe as well as Kisumu and Bamburi.
to as Ushirika Day, the Society ranked the overall
Best Co-operative Society in the Parastatal Sector, Meanwhile, the SACCO had also been recognized by CIC Group as the
the Most Innovative Co-operative in the Tier 1 Best Insured Co-operative Society, Highest shareholding Per Region in the
Category and the SACCO with the highest Savings Coast Region and the CIC Best Insured Co-operative Society.
per member in the Tier 1 category countywide.
Speaking in Tononoka Hall during this year’s Coast SACCO Leaders’
Speaking during the occasion, Mr. Ken Sungu, the meeting, Mr. Daniel Marube, the Co-operative Alliance of Kenya (CAK)
SACCO’s chairman attributed the ‘Most Innovative Executive Director, referred to the SACCO as one of the best in the Coast
2 "".r@V@QCSNSGD2NBHDSXrRCDKHADQ@SDD?NQSSN region, adding that it has greatly contributed to the socio-economic
design products and services that are tailor-made to development of residents in the region.
LDDSRODBH?BMDDCRNESGDHQBTRSNLDQR

As at the close of December 31st 2017, the SACCO’s total assets stood at
“Excellent down-top governance stands out as Ksh 7.9 billion, while members’ deposits were posted at Ksh 4.8 billion.
SGDLNRSCD?MHMFED@STQDSG@SG@RDM@AKDCTRSN %TQSGDQLNQDSGDHMRSHSTSHNMrRKN@MRFQDVAX
EQNL*RG
AHKKHNMHM
continue thriving,” said Mr. Joseph Bee, the SACCO’s SN*RG
AHKKHNMHM

"GHDE$WDBTSHUD.?BDQ

+HJDVHRDSGDNUDQ@KKODQENQL@MBDFQDVAX
AXSGDDMCNESGD
Mr. Bee revealed that the SACCO will soon open a ?M@MBH@KXD@QVHSG@STQMNUDQNE*RGLHKKHNMTMKHJD*RG
ETKKX?DCFDCAQ@MBGHM-@HQNAHHM@AHCSNQD@BGNTS million in 2016.
to more members.
2HLHK@QKXSGD2 "".O@HCLDLADQRCHUHCDMCRNMRG@QDB@OHS@K@S@MC
“We have successfully undertaken a feasibility study HMSDQDRSNMLDLADQRrCDONRHSR@SSGDQ@SDNE

in Nairobi to ascertain business viability as the
Society wishes to open a branch in the city.” He said. .MSGDR@LDMNSDSGDOQDLHDQ?M@MBH@KHMRSHSTSHNMG@ROQNBTQDC@MDV
software to drive the implementation of the Society’s Strategic Plan 2018-
18| SACCO Star Magazine VGHBGG@RSGDN?BH@KK@TMBGC@SDRDSHMLHC2DOSDLADQNE