Page 2 - SACCOStar Mag Vol 46 Press_txt.pdf

HBRiIgEhF HDISivTOidReYnOdsF oTnHESShAaCrCesO(22%)

Bandari Sacco was founded in the registered organization which they and Kenya Maritime Authority and in
year 1975 by 20 employees, then named Harbours Workers Savings January 2005, the Sacco opened its
under the name Harbours’ and and Credit Co-operative Society doors to the general public.
Railway Workers Co-operative. The Limited. In 1985, when the parent Its diverse membership currently
objective of the members initially organization changed to Kenya includes, salaried and non salaried
was to support one another to Ports Authority, the Sacco’s name individuals, investment groups,
ferry their dead relatives to their changed to Bandari Savings and institutions, businesses, etc, fromSavings Account
rural homes for burial. After a while Credit Cooperative Society Limited. within and the diaspora.
their needs grew from funeral Then the common bond of the Currently the Sacco has a paid up
needs to paying school fees, Society were the employees of Kenya membership of over 13,000 members
medical bills, construction of decent Ports Authority. It later extended with an asset base of over KES8.7B.
homes, buying vehicles etc. Thus, its common bond to include the
the members decided to form a employees of Kenya Ferry Services

High Dividends on Shares (22%)

Savings Account

Jubilant sta during the Chairman Ken Sungu receiving
“Mombasa Business Awadrs Ceremony” “The Most Innovative SaccorTophy”

Jubilant sta during the Chairman Ken Sungu receiving
“Mombasa Business Awadrs Ceremony” “The Most Innovative SaccorTophy”

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