Page 27 - SACCOStar Mag Vol 46 Press_txt.pdf
P. 27
SACCO NEWS
PATNAS SACCO INTRODUCES MOBILE BANKING
PLATFORM TO DRIVE MEMBERSHIP GROWTH
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Delelegates of Patnas SACCO keenly following
proceedings during the Annual Delegates Meeting.
0U1HOVRQ0DUX&KLHI([HFXWLYH2?FHU Patnas Savings and Credit Co-operative Society last year introduced agency
Patnas SACCO banking in most villages to increase accessibility of short-term advances
to their members through mobile phones.
Mr. Joseph Kimeto Chairman Patnas SACCO
during the Special Delegates Meeting “We encourage delegates to mobilize our members to register with the SACCO’s
mobile banking platform, to enable them easily access cash through their mobile
phones,” said Mr. Joseph Kimeto, chairman, Patnas SACCO during the Annual
Delegates Meeting.
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members that the Society would continue granting loans to them based on their
deposits.
“Although most of our members’ deposits were not concurrent with the loans
they applied for, we encourage them to continue saving in order meet the
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Mr. Kimeto further reported an increase in the SACCO’s membership from 18,000
in 2017 to 22,000 in 2018, representing a 20 percent increase. He thanked the
marketing department in all branches for working round the clock to bring in
new members and urged them to continue with the same spirit. “We as the board
are on a mission of recruiting more members in order to increase the SACCO’s
deposits. This will avail more funds for innovative products and improve the
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the SACCO board and management have put in place strategies to ensure the
Society sustains its good performance and supports members in order to help
growth the economy.
The Chairman further reported that up to 90 percent of loans disbursed in 2018
were recovered. “We recommend that follow up be done immediately and when
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The SACCO spent Kshs 3.8 million through Corporate Social Responsibility to
meet the needs of the people in the community in areas such as environment,
entrepreneurship and welfare. Further, the SACCO in collaboration with the
Cooperative Bank Foundation will also sponsor three students.
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